BSE SME IPO of Bharatrohan Airborne Innovations subscribed 99%

The initial public offer (IPO) of Bharatrohan Airborne Innovations received bids for 37,95,200 shares as against 38,24,000 shares on offer, as per BSE data as of 17:00 hours on Tuesday (23 September 2025). The issue was subscribed 0.99 times. The issue opened for bidding on Tuesday (23 September 2025) and it will close on Thursday (25 September 2025). The price band of the IPO is fixed between Rs 80 to 85 per share. The minimum order quantity is 1,600 equity shares. The equity shares will list on BSE’s SME platform. The IPO comprises fresh issue of 52,99,200 equity shares. The promoter and promoter group shareholding will dilute to 40.27 % from 54.86% pre-issue. About 2,68,800 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 50,30,400 equity shares. The issue and the net issue will constitute 26.60% and 25.25%, respectively of the post issue paid-up equity share capital of the company. The company intends to utilize the net proceeds for funding of capital expenditure requirements for purchase of new equipment by the company, purchase of commercial vehicle, funding working capital requirement of the company and general corporate purposes. Ahead of the IPO, Bharatrohan Airborne Innovations on Monday, 22 September 2025, raised Rs 12.53 crore from anchor investors. The board allotted 14.75 lakh shares at Rs 85 each to 5 anchor investors. Bharatrohan Airborne Innovations delivers a comprehensive range of solutions to its associated farmers. These include providing crop monitoring services via drones, which incorporate integrated crop management practices. The company also sells various branded agri-inputs, prominently featuring its proprietary brand, Pravir. Additionally, it is engaged in the sale of agri-output products for which integrated crop management practices are provided, with requirements met throughout the agricultural value chain. This diversification enables the company to address a broader spectrum of agricultural needs, offering its clientele a complete suite of solutions. As of 30 June 2025, the company had 39 permanent employees and 20 fixed term employees. The company recorded revenue from operations of Rs 28.17 crore and net profit of Rs 7.59 crore for the year ended 31 March 2025.