31 Mar 2023
Assets5.27
Total Income6.53
EBITDA1.91
Profit After Tax1.81
NET Worth3.18
Reserves and Surplus3.30
Total Borrowing1.52
At a glance
Updated 2026-09-10The shares listed at ₹90.00, a 5.88% move from the issue price. BharatRohan Airborne Innovations is a SME IPO with an issue size of ₹45.04 crore, proposed for listing on BSE SME. The offer opens on 23rd Sep 2025 and closes on 25th Sep 2025. The issue structure includes a fresh issue of ₹42.76 crore. The current listing schedule points to 30th Sep 2025.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹45.04 Cr
Fresh issue₹42.76 Cr
Face value₹10
Price band₹80.00–₹85.00
Allotment26th Sep 2025
Listing30th Sep 2025
Listing performance
Full performance ↗Issue price₹85.00
Listing price₹90.00
Current price—
Listing gain5.88%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹5.00
GMP / upper price5.88%
Est. listing₹90.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens23rd Sep 2025
Closes25th Sep 2025
Allotment26th Sep 2025
Refund29th Sep 2025
Demat29th Sep 2025
Listing30th Sep 2025
Subscription demand
Full bidding ↗Total10.07×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 3200 | ₹272,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding of capital expenditure requirements for purchase of new Equipment by the Company | ₹14.21 Cr |
| Purchase of Commercial Vehicle | ₹2.29 Cr |
| Funding working capital requirements of the Company | ₹16.68 Cr |
| General Corporate Purposes | ₹6.61 Cr |
| Issue expenses | ₹5.25 Cr |
| Total | ₹45.04 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue28.23₹ Cr · +48.7% vs prior year
EBITDA7.92₹ Cr · +7.5% vs prior year
PAT7.59₹ Cr · +10.0% vs prior year
Assets42.02₹ Cr · +88.2% vs prior year
Net Worth37.22₹ Cr · +132.6% vs prior year
Borrowing1.34₹ Cr · -67.6% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets22.33
Total Income18.98
EBITDA7.37
Profit After Tax6.90
NET Worth16.00
Reserves and Surplus13.11
Total Borrowing4.13
31 Mar 2025
Assets42.02
Total Income28.23
EBITDA7.92
Profit After Tax7.59
NET Worth37.22
Reserves and Surplus22.83
Total Borrowing1.34
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 28.21% |
| ROCE | 19.69% |
| Debt / Equity | 0.04% |
| RoNW | 20.38% |
| PAT Margin | 26.93% |
| EBITDA Margin | 28.12% |
| Price to Book Value | 3.32 |
Valuation & shareholding
Pre-IPO EPS5.19
Post-IPO EPS3.81
Pre-IPO P/E16.38
Post-IPO P/E22.32
Promoter holding pre54.86%
Promoter holding post40.27%
Market cap₹169.35 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Bharatrohan Airborne Innovations IPO | — | 22.32 x | — | — |
| Farm Peace IPO | — | 16.12 x | — | — |
| Dhanwel Hybrid IPO | — | 14.74 x | — | — |
| Adon Agro IPO | — | 6.42 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Funding of capital expenditure requirements for purchase of new Equipment by the Company | ₹14.21 Cr |
| Purchase of Commercial Vehicle | ₹2.29 Cr |
| Funding working capital requirements of the Company | ₹16.68 Cr |
| General Corporate Purposes | ₹6.61 Cr |
| Issue expenses | ₹5.25 Cr |
| Total | ₹45.04 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Smart Horizon Capital Advisors...
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-10.
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