BharatRohan Airborne Innovations Launches Rs 45.04 Crore IPO on BSE SME Platform
BharatRohan Airborne Innovations, an agritech company specializing in drone and UAV platforms with Hyperspectral Imaging technology, has opened its IPO to raise Rs 45.04 crore. The IPO consists of 52.99 lakh fresh shares priced at Rs 80-85 per share, open from September 23 to 25. The company will list on the BSE SME platform on September 30. BharatRohan reported strong financial growth with 49% revenue increase and 10% profit growth. The IPO proceeds will be used for equipment purchases, commercial vehicles, working capital, and general corporate purposes. The company raised Rs 12.54 crore from anchor investors pre-IPO, with a post-issue market capitalization expected at Rs 169.3 crore.
*this image is generated using AI for illustrative purposes only.
BharatRohan Airborne Innovations, an agritech company specializing in drone and UAV platforms with Hyperspectral Imaging technology, has opened its Initial Public Offering (IPO) to raise Rs 45.04 crore. The company aims to capitalize on its innovative solutions for crop monitoring and agricultural management.
IPO Details
The IPO, which opened on September 23, consists of a fresh issue of 52.99 lakh shares priced in the band of Rs 80-85 per share. Investors have until September 25 to participate in the offering. The company is scheduled to list on the BSE SME platform on September 30.
Financial Performance
BharatRohan Airborne Innovations has demonstrated strong financial growth:
| Metric | FY24 | FY25 | Growth |
|---|---|---|---|
| Revenue | 19.00 | 28.20 | 49% |
| Profit After Tax | 6.91* | 7.60 | 10% |
*Calculated based on the 10% growth rate mentioned
The company reported impressive EBITDA margins of 28.1% and a Return on Equity (ROE) of 28.2%, indicating strong operational efficiency and profitability.
IPO Proceeds Allocation
The funds raised through the IPO will be utilized as follows:
- Equipment purchases: Rs 14.2 crore
- Commercial vehicles: Rs 2.3 crore
- Working capital: Rs 16.7 crore
- General corporate purposes: Remaining amount
Anchor Investment and Market Expectations
Prior to the public offering, BharatRohan Airborne Innovations successfully raised Rs 12.54 crore from anchor investors, demonstrating institutional interest in the company's prospects. However, the grey market premium currently stands at zero, suggesting muted expectations for the listing.
Post-IPO Outlook
Upon successful completion of the IPO, BharatRohan Airborne Innovations anticipates a post-issue market capitalization of Rs 169.3 crore. This valuation reflects the company's position in the growing agritech sector and its potential for future growth.
As the agricultural technology landscape continues to evolve, BharatRohan Airborne Innovations' focus on drone and UAV platforms with Hyperspectral Imaging technology positions it at the forefront of crop monitoring and agricultural solutions. The success of this IPO could provide the company with the necessary capital to expand its operations and enhance its technological capabilities in the competitive agritech market.
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