BA

BharatRohan Airborne Innovations

Book Building issueSMEBSE₹45.04 Cr issue
+5.88%
Listing gain over issue price
Issue size
₹45.04 Cr
1 lot at cut-off
₹1,36,000
Lot size
1,600shares
Open
23 Sept 2025
Close
25 Sept 2025
Allotment
26 Sept 2025
Listing
30 Sept 2025

Listing performance

Issue price
₹85
Listed at
₹90
Listing-day close
₹91.99
Latest price
₹125.45
Listing gain
+5.88%
Return since listing
+47.59%

Scheduled dates

Tentative timetable — a past date is not confirmation the step completed

  1. Open
    23 Sept 2025
  2. Close
    25 Sept 2025
  3. Allotment
    26 Sept 2025
  4. Refund
    29 Sept 2025
  5. Demat credit
    29 Sept 2025
  6. Listing
    30 Sept 2025

Grey market premium

Unofficial and indicative — not a forecast

₹5

3 observations recorded — too few to plot a trend.

Day-wise premium · 3 observations
DateGMP%SaudaEst. listingGain / lot
30 Sept 2025₹5+5.88%₹6,100₹90₹8,000
29 Sept 2025₹5+5.88%₹6,100₹90₹8,000
28 Sept 2025₹5+5.88%₹6,100₹90₹8,000

Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.

Issue details

IPO date
23 Sept 2025 – 25 Sept 2025
Listing date
30 Sept 2025
Face value
₹1 per share
Issue price
₹85 per share
Lot size
1,600 shares
Issue type
Book Building issue
Listing at
BSE
Total issue size
₹45.04 Cr
Market cap at offer price
₹169 Cr
Promoter holding
54.86% → 40.27% pre-issue → post-issue
ISIN
INE0QMV01017
Registrar
Kfin Technologies Ltd.
Lead managers
Smart Horizon Capital Advisors Pvt.Ltd.
Registered office
Fourth Floor B-117, DDA Sheds, Okhla Industrial Area Phase-I, New Delhi

Reservation and application size

How the issue is split between investor categories, and what each may bid

Investor categoryShares% of net% of total
Anchor investor · within QIB14,75,200
Market maker 2,68,800

Application size

Minimum 1,600 shares per lot, in multiples, at ₹85

ApplicationLotsSharesAmount
Retail (min)11,600₹1,36,000
S-HNI (min)23,200₹2,72,000
S-HNI (max)711,200₹9,52,000
B-HNI (min)812,800₹10,88,000

Category limits

CategoryBid sizeCut-off
Retail (RII)Up to ₹2 lakhYes
Small HNI (sNII)₹2 lakh – ₹10 lakhNo
Big HNI (bNII)Above ₹10 lakhNo
EmployeeUp to ₹5 lakhYes

Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.

Anchor investors

Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.

Shares allocated
14,75,200
Anchor portion
₹12.54 Cr
at ₹85 per share

Valuation and performance

Valuation at offer price

₹85 per share

MetricPre-issuePost-issue
EPS (₹)5.193.81
P/E (×)16.3822.31
Price to book (×)3.32
Market cap₹169 Cr

Key performance indicators

Latest reported period

Return on net worth
20.38%
ROCE
19.69%
Debt / equity
0.04
PAT margin
26.93%
EBITDA margin
28.12%
NAV per share
₹25.61
Price to book
3.32

Single period as reported. Year-on-year movement is in the financials table below, where every period is published.

Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey Market Premium is unofficial, indicative data from unregulated grey-market dealers — it is not published by NSE, BSE, SEBI or the issuer, and is not a forecast of the listing price. Nothing here is investment advice or a recommendation; read the offer document and consult a SEBI-registered adviser before applying.