BharatRohan Airborne Innovations Ltd IPO
Status: Closed
Overview
IPO date
23 Sept 2025 to 25 Sept 2025
Face value
₹ 0 per share
Price
₹ 80 to ₹85 per share
Issue Size
5,299,200 shares
(aggregating up to ₹ 45.04 Cr)
(aggregating up to ₹ 45.04 Cr)
Allotment Date
26 Sept 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Trading
Objectives of BharatRohan Airborne Innovations Ltd IPO
BharatRohan Airborne Innovations Ltd IPO Strategy
About BharatRohan Airborne Innovations Ltd
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T&C*
Strengths vs Risks of BharatRohan Airborne Innovations Ltd
Know the pros & cons
Strengths
Diversified product and service portfolio.- Strong relationships with a diverse customer base.
- Strong management capabilities with a demonstrated track record of delivering robust financial performance.
Risks
- The company derives a substantial portion of its revenue from the sale of the company key services and Products and any loss of sales of
such service or products due to change in demand for agricultural products or other factors, could adversely affect its
business, financial condition, results of operations and cash flows. In addition, its may not be able to diversify into new
service or product lines which may adversely affect the company business, revenue from operations, cash flows and financial
condition.
- The company is positioning itself to expand its market presence by diversifying into the sale of Agri Ouputs. However,
this expansion may expose the company to several risks that could adversely affect its growth, prospects, cash flows, business
operations, and financial condition.
- Over 31.37%, 39.04% and 59.70% of its operating revenue came from the company top five customers in the Fiscals 2025, 2024
and 2023. The loss of any of the company top customers, or the loss of revenue from these top customers could have a material
adverse effect on the company business, financial condition, results of operations and cash flows.
- The company business operations relies significantly on the continuous and timely supply of products from top 5 and top 10 suppliers,
Also, the company does not have continuing and exclusive supply agreement with them. Any interruptions or discontinuation of same
will adversely impact its overall performance and profitability.
- The company business is sensitive to weather patterns, seasonal factors and climate change, which can impact demand for its
products and services and adversely affect the company business, results of operations and financial condition.
- The Company have applied for modification in the FSSAI to include trading activity. We are not sure if the same shall
be approved by the concerned authority or at all.
- The Company have negative cash flows in the current and past years from operating and investing activities, details of
which are given below. Sustained negative cash flow could impact its growth and business.
- The company does not own premises from where we operate. In the event we lose such rights, its Business, Financial Condition and
Results of Operations and Cash Flows could be adversely affected.
- A significant proportion of the company revenue is derived from Cumin for Agri Output product and any reduction in the
demand for this product could have an adverse effect on its business, results of operations and financial condition.
- The company have entered into and may enter into related party transactions in the future, however, there can be no assurance that
such transactions, individually or taken together, will not have an adverse effect on its business, prospects, results of
operations and financial condition.
- In the past and in the current scenario, the Company sources the products from domestic market and majority of the
domestic purchases are from Gujarat. Any adverse developments affecting its procurement from this state or such
geographical concentration in the domestic purchases, could have an adverse impact on the company revenue and results of
operations.
- The company have certain outstanding litigation against us, an adverse outcome of which may adversely affect its business,
reputation and results of operations.
- The company does not manufacture its Agri Input and Agri Output products in the company own capacity but procure the same from
third party suppliers.
- There are certain delay filings noticed in some of the company corporate records relating to forms filed with the RBI. Any penalty
or action taken by any regulatory authorities in future, for such delay with provisions of corporate or any other law could
impact the financial position of the Company to that extent.
- The company relies on its network of farmers with which the company Crop Monitoring Services, Agri-input and Agri-output products are
dealt with, and any inability to effectively manage this network may have an adverse effect on the company business, operations
and cash flows.
- The company business is operating under various laws which require its to obtain approvals from the concerned
statutory/regulatory authorities in the ordinary course of business and the company inability to obtain, maintain or renew requisite
statutory and regulatory permits and approvals for the company business operations could materially and adversely affect its
business, prospects, results of operations and financial condition.
- The success of the company business is closely tied to the strength and reputation of its brand, "Pravir". However, there is no
guarantee that the company will be able to effectively maintain or enhance the awareness and perception of the "Pravir" brand in
the market. Any reputational damage to the brand, name or logo could have an adverse effect on its financial condition,
cash flows and results of operations.
- The company generate its entire sales from domestic market of which major portion of sales from the company operations is generated from
certain geographical regions especially, Rajasthan, Gujarat and Uttar Pradesh. Any adverse developments affecting its
operations in these regions could have an adverse impact on the company revenue and results of operations.
- There are certain discrepancies and non-compliances noticed in some of the company financial reporting and/or records relating
to filing of returns and deposit of statutory dues with the taxation and other statutory authorities which may affect its
revenue from operations.
- The Company requires significant amounts of working capital for a continued growth. The company inability to meet its working
capital requirements may have an adverse effect on its results of operations.
- There are certain non-compliance/delay filings noticed in some of the company corporate records relating to forms filed with the
Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory
authorities in future, for non-compliance with provisions of corporate or any other law could impact the financial position
of the Company to that extent.
- There are certain clerical mistakes noticed in some of the company corporate records relating to forms filed with the Registrar of
Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in
future, for such clerical mistakes with provisions of corporate or any other law could impact the financial position of the
Company to that extent.
- In order to cater to the requirements of the company key farmers and customers and maintain its relationship with them, the company
typically set up its Facilitation Center (identified as BharatRohan Pragati Kendra) in proximity of their Agricultural
fields, which exposes the company facilities to potential fluctuations in the scale of business of its farmers and customers and
related industry trends.
- The company intend to utilise a portion of the Net Proceeds for funding its Capital Expenditure for purchase of certain Equipment.
The company are yet to place orders for such Capital Expenditure. In the event of any delay in placing the orders, or in the event
the vendors are not able to provide the equipment in a timely manner, or at all, may result in time and cost over-runs and
its business, prospects and results of operations may be adversely affected.
- The company intend to utilise a portion of the Net Proceeds for Purchase of Commercial Vehicle. Its are yet to place orders for
such Purchase.
- If the company are unable to protect the personal information data of the farmers that the company collect, its reputation could be
significantly harmed.
- Any change in Government policies towards the agriculture sector or a reduction in subsidies and incentives provided to
farmers could adversely affect its business and results of operations.
- KYC document of one of the company promoter group member, Ms. Savitri Devi, sister of Mr. Rishabh Choudhary is not generated
and also there is no certainity that the document will be generated in future or in a timely manner.
- The company are highly dependent on global vendors for the supply of components for drones and may not be able to reduce the company
dependency on such imports. If critical components or raw materials become unavailable. then its may incur delays in
assembling drones and delivery of the company services, which could damage its business. Moreover, the supply and cost of
components can be subject to significant variation due to factors beyond its control.
- The Shareholders Agreement, Debenture Trustee Appointment agreement, Deferred Consideration Agreement, Service
Agreements, Collaboration agreement executed by the Company can have potential implications of operating expenses
which could result in hindrances to its goodwill and business operations.
- The company Drones are complex and technologically advanced and could have unknown defects or errors.
- The company success largely depends upon the knowledge and experience of its Promoters, Directors, the company Key Managerial
Personnel and Senior Management as well as its ability to attract and retain personnel with technical expertise. Any loss
of the company Promoters, Directors, Key Managerial Personnel, Senior Management or its inability to attract and retain them
and other personnel with technical expertise could adversely affect its business, financial condition and results of
operations.
- Majority trademarks are not registered with Registrar of Trademark, any infringement of the company trademarks or failure to
get it registered may adversely affect its Business. Further, any kind of negative publicity or misuse of the company logo could
hamper its Goodwill and the company future Growth Strategies could be adversely affected.
- The Company's logo "BharatRohan " and other Brand Names are registered with Registrar of Trademark; any
infringement of the company logo and Brand Names may adversely affect its Business. Further, any kind of negative publicity or
misuse of the company logo and Brand Names could hamper its Goodwill and the company future Growth Strategies could be adversely
affected.
- If the company are unable to obtain or maintain regulatory approvals for its products, the company may be unable to sell such products,
which could adversely affect its business and results of operations.
- The company have incurred losses for the past few fiscals. In the event its incur net loss in the future, the company business and financial
condition may be adversely affected.
- In addition to normal remuneration, other benefits and reimbursement of expenses, some of the company directors (including its
Promoters) are interested in the Company to the extent of their shareholding and dividend entitlement in its Company.
- Some of the company Directors on its Board have no experience of being directors in any other listed entity within India, therefore,
they will be able to provide limited guidance in relation to affairs of the Company post listing.
- The company have certain contingent liabilities which, if materialized, may adversely affect its financial condition.
- The company Subsidiary has been formed to engage in line of business that is synergistic to its business and the company Group Company
which is also Promoter Group Company are in the same line of business and consequently the interest of these Companies
may be in conflict with the interest of its Company in the future.
- The average cost of acquisition of Equity Shares by its Promoters could be lower than the Price Band to be decided by
the Company in consultation with the Book Running Lead Manager in accordance with the SEBI ICDR Regulations.
- The company Promoters and members of the Promoter Group will continue jointly to retain majority control over its Company
after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.
- The company have incurred financial indebtedness, also certain of its financing arrangements involve variable interest rates and
an increase in interest rates may adversely affect the company results of operations and financial condition.
- The company lacks listed peer companies for comparison, this absence of comparable may lead to uncertainty in assessing
investment viability for the Investors.
- Fluctuations in foreign currency exchange rates could materially affect its financial results.
- The company operate in a competitive environment and face fair competition in its business from unorganized players, which may
adversely affect the company business operations and financial condition.
- Any disruption in the company information technology systems may adversely affect its business, results of operations and
prospects.
- The company success depends upon its ability to attract, develop and retain trained manpower while also maintaining low labour
costs.
- The company are dependent on third-party transportation providers for the supply of products and delivery of its Agri-output
products, However, any such reductions or interruptions in the supply of the products could adversely affect its Business,
Results of Operations and Financial Condition and may have an adverse effect on the company ability to deliver its products in
a timely or cost-effective manner.
- The company inability to accurately forecast demand or price for its products and manage the company inventory may adversely affect its
business, results of operations and financial condition.
- Within the parameters as mentioned in the chapter titled "Objects of the Issue" beginning on page 139 of this Red Herring
Prospectus, the Company's management will have flexibility in applying the proceeds of the Issue. The fund requirement
and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.
- Any variation in the utilization of the Net Proceeds shall be subject to certain compliance requirements, including prior
approval of the shareholders of the Company, If such approval is not obtained in a timely manner, or at all, it could
negatively affect its operations.
- Portion of the company Issue Proceeds are proposed to be utilized for general corporate purposes which constitute [?] % of the
Issue Proceed, if Company could not utilise the Portion of its Issue Proceeds allocated for general corporate purposes
and such unutilized Net Proceeds is in the interest of the Company, its ability to does so may be restricted, thereby limiting
the company flexibility to respond to changing business or financial conditions, and adversely affecting its business, results of
operations, cash flows, and financial condition..
- The company Promoters have provided personal guarantees for loan facilities obtained by the Company, and any failure or default
by its Company to repay such loans in accordance with the terms and conditions of the financing documents could
trigger repayment obligations on them, which may impact their ability to effectively service their obligations as the company
Promoters and thereby, impact its business and operations.
- The company insurance coverage may not be adequate to protect its against all potential losses, which may have a material adverse
effect on its business, financial condition and results of operations.
- Terrorist attacks, civil unrests and other acts of violence or war involving India or other countries could adversely affect
the financial markets, its business, financial condition and the price of the company Equity Shares.
- The company may not be successful in implementing its business strategies, Failure to implement the company business strategies would
have a material adverse effect on its business and results of operations.
- If the company are unable to source business opportunities effectively, the company may not achieve its financial objectives.
- The Company's ability to pay dividends in the future will depends on its Company's future results of operations, financial
condition, cash flows and working capital and capital expenditure requirements.
- The company have not commissioned an industry report for the disclosures made in the section titled `Industry Overview' and made
disclosures on the basis of the data available on the internet and such data has not been independently verified by its.
- The company are exposed to counterparty credit risk and any delay in receiving payments or non-receipt of payments may adversely
impact its results of operations.
- If the company fail to maintain an effective system of internal controls, its may not be able to successfully manage, or accurately
report, the company financial risks. Despite its internal control systems, the company may be exposed to operational risks, including fraud,
petty theft and embezzlement, which may adversely affect its reputation, business, financial condition, results of
operations and cash flows.
- Failure to deal effectively with fraudulent activities on emails would increase the company fraud losses and harm its business
and could severely diminish seller and customer confidence in and use of the company products.
- As the company continue to grow, its may not be able to effectively manage the company growth and the increased complexity of its business,
which could negatively impact the company brand and financial performance.
- The company inability to manage growth could disrupt its business and reduce the company profitability.
- Subsequent to the listing of the Equity Shares, the company may be subject to pre-emptive surveillance measures such as the
Additional Surveillance Measures and the Graded Surveillance Measures by the Stock Exchanges in order to enhance
the integrity of the market and safeguard the interest of investors.
- Significant differences exist between Indian GAAP and other accounting principles, such as US GAAP and IFRS, which
may be material to investors assessments of the Company's financial condition. Its failure to successfully adopt IFRS
may have an adverse effect on the price of the company Equity Shares. The proposed adoption of IFRS could result in its financial
condition and results of operations appearing materially different than under Indian GAAP.
How to check the allotment status of BharatRohan Airborne Innovations Ltd IPO?
Follow the steps
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Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
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The IPO opens on 23 Sept 2025 & closes on 25 Sept 2025.
BharatRohan Airborne Innovations Limited was established in June, 2016 under the name 'Bharatrohan Airborne Innovations Private Limited' vide Certificate of Incorporation dated June 17, 2016 issued by Deputy Registrar of Companies, Central Registration Centre. Subsequently, the status of the Company was changed to Public Limited and the name of the Company was changed to 'Bharatrohan Airborne Innovations Limited' vide fresh certificate of incorporation issued on November 12, 2024 by Registrar of Companies, Central Processing Centre.
BharatRohan is engaged in an emerging business model, distinguishing itself as an agritech and agri value chain solutions provider. Company opens drone/UAV based platforms, with a main focus on Hyperspectral Imaging (HSI) technology. This allows Company a comprehensive suite of services and products to address critical challenges in the agricultural value chain, including, advisory on crop production and guidance on the Integrated Crop Management Practices which enables the sale of Agricultural Output and Agricultural Input products by Company.
Company has employed a system for agricultural data collection, primarily relying on unmanned aerial vehicles (UAVs) or drones with hyperspectral and other imaging equipment. Company uses Pravir X4 for crop monitoring services. This drone is designed to fly over agricultural fields, capturing detailed imagery across a wide spectrum of light.
Apart from this, Company also sells agri-inputs directly to the farmers by recommendations generated from its drone-based crop
monitoring services. Hyperspectral Imaging (HSI) technology and other imaging techniques on the drone/UAV platform supports Decision Support System (DSS), which generates advisories, guiding farmers on ICM Practices. These recommendations are central to the sale of agri-inputs. By monitoring crops, Company identifies specific needs for fertilizers, pesticides and other agricultural inputs.
Company is planning the initial public issue of 52,99,200 equity shares of face value of Rs 10 per share.
BharatRohan Airborne Innovations Ltd IPO will close on 25 Sept 2025.
- Diversified product and service portfolio.
- Strong relationships with a diverse customer base.
- Strong management capabilities with a demonstrated track record of delivering robust financial performance.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Amandeep Panwar | 4354800 | 29.78 | 4354800 | 21.86 |
| 2 | Rishabh Choudhary | 3667200 | 25.08 | 3667200 | 18.41 |
- The company derives a substantial portion of its revenue from the sale of the company key services and Products and any loss of sales of such service or products due to change in demand for agricultural products or other factors, could adversely affect its business, financial condition, results of operations and cash flows. In addition, its may not be able to diversify into new service or product lines which may adversely affect the company business, revenue from operations, cash flows and financial condition.
- The company is positioning itself to expand its market presence by diversifying into the sale of Agri Ouputs. However, this expansion may expose the company to several risks that could adversely affect its growth, prospects, cash flows, business operations, and financial condition.
- Over 31.37%, 39.04% and 59.70% of its operating revenue came from the company top five customers in the Fiscals 2025, 2024 and 2023. The loss of any of the company top customers, or the loss of revenue from these top customers could have a material adverse effect on the company business, financial condition, results of operations and cash flows.
- The company business operations relies significantly on the continuous and timely supply of products from top 5 and top 10 suppliers, Also, the company does not have continuing and exclusive supply agreement with them. Any interruptions or discontinuation of same will adversely impact its overall performance and profitability.
- The company business is sensitive to weather patterns, seasonal factors and climate change, which can impact demand for its products and services and adversely affect the company business, results of operations and financial condition.
- The Company have applied for modification in the FSSAI to include trading activity. We are not sure if the same shall be approved by the concerned authority or at all.
- The Company have negative cash flows in the current and past years from operating and investing activities, details of which are given below. Sustained negative cash flow could impact its growth and business.
- The company does not own premises from where we operate. In the event we lose such rights, its Business, Financial Condition and Results of Operations and Cash Flows could be adversely affected.
- A significant proportion of the company revenue is derived from Cumin for Agri Output product and any reduction in the demand for this product could have an adverse effect on its business, results of operations and financial condition.
- The company have entered into and may enter into related party transactions in the future, however, there can be no assurance that such transactions, individually or taken together, will not have an adverse effect on its business, prospects, results of operations and financial condition.
- In the past and in the current scenario, the Company sources the products from domestic market and majority of the domestic purchases are from Gujarat. Any adverse developments affecting its procurement from this state or such geographical concentration in the domestic purchases, could have an adverse impact on the company revenue and results of operations.
- The company have certain outstanding litigation against us, an adverse outcome of which may adversely affect its business, reputation and results of operations.
- The company does not manufacture its Agri Input and Agri Output products in the company own capacity but procure the same from third party suppliers.
- There are certain delay filings noticed in some of the company corporate records relating to forms filed with the RBI. Any penalty or action taken by any regulatory authorities in future, for such delay with provisions of corporate or any other law could impact the financial position of the Company to that extent.
- The company relies on its network of farmers with which the company Crop Monitoring Services, Agri-input and Agri-output products are dealt with, and any inability to effectively manage this network may have an adverse effect on the company business, operations and cash flows.
- The company business is operating under various laws which require its to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the company inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for the company business operations could materially and adversely affect its business, prospects, results of operations and financial condition.
- The success of the company business is closely tied to the strength and reputation of its brand, "Pravir". However, there is no guarantee that the company will be able to effectively maintain or enhance the awareness and perception of the "Pravir" brand in the market. Any reputational damage to the brand, name or logo could have an adverse effect on its financial condition, cash flows and results of operations.
- The company generate its entire sales from domestic market of which major portion of sales from the company operations is generated from certain geographical regions especially, Rajasthan, Gujarat and Uttar Pradesh. Any adverse developments affecting its operations in these regions could have an adverse impact on the company revenue and results of operations.
- There are certain discrepancies and non-compliances noticed in some of the company financial reporting and/or records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities which may affect its revenue from operations.
- The Company requires significant amounts of working capital for a continued growth. The company inability to meet its working capital requirements may have an adverse effect on its results of operations.
- There are certain non-compliance/delay filings noticed in some of the company corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate or any other law could impact the financial position of the Company to that extent.
- There are certain clerical mistakes noticed in some of the company corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for such clerical mistakes with provisions of corporate or any other law could impact the financial position of the Company to that extent.
- In order to cater to the requirements of the company key farmers and customers and maintain its relationship with them, the company typically set up its Facilitation Center (identified as BharatRohan Pragati Kendra) in proximity of their Agricultural fields, which exposes the company facilities to potential fluctuations in the scale of business of its farmers and customers and related industry trends.
- The company intend to utilise a portion of the Net Proceeds for funding its Capital Expenditure for purchase of certain Equipment. The company are yet to place orders for such Capital Expenditure. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment in a timely manner, or at all, may result in time and cost over-runs and its business, prospects and results of operations may be adversely affected.
- The company intend to utilise a portion of the Net Proceeds for Purchase of Commercial Vehicle. Its are yet to place orders for such Purchase.
- If the company are unable to protect the personal information data of the farmers that the company collect, its reputation could be significantly harmed.
- Any change in Government policies towards the agriculture sector or a reduction in subsidies and incentives provided to farmers could adversely affect its business and results of operations.
- KYC document of one of the company promoter group member, Ms. Savitri Devi, sister of Mr. Rishabh Choudhary is not generated and also there is no certainity that the document will be generated in future or in a timely manner.
- The company are highly dependent on global vendors for the supply of components for drones and may not be able to reduce the company dependency on such imports. If critical components or raw materials become unavailable. then its may incur delays in assembling drones and delivery of the company services, which could damage its business. Moreover, the supply and cost of components can be subject to significant variation due to factors beyond its control.
- The Shareholders Agreement, Debenture Trustee Appointment agreement, Deferred Consideration Agreement, Service Agreements, Collaboration agreement executed by the Company can have potential implications of operating expenses which could result in hindrances to its goodwill and business operations.
- The company Drones are complex and technologically advanced and could have unknown defects or errors.
- The company success largely depends upon the knowledge and experience of its Promoters, Directors, the company Key Managerial Personnel and Senior Management as well as its ability to attract and retain personnel with technical expertise. Any loss of the company Promoters, Directors, Key Managerial Personnel, Senior Management or its inability to attract and retain them and other personnel with technical expertise could adversely affect its business, financial condition and results of operations.
- Majority trademarks are not registered with Registrar of Trademark, any infringement of the company trademarks or failure to get it registered may adversely affect its Business. Further, any kind of negative publicity or misuse of the company logo could hamper its Goodwill and the company future Growth Strategies could be adversely affected.
- The Company's logo "BharatRohan " and other Brand Names are registered with Registrar of Trademark; any infringement of the company logo and Brand Names may adversely affect its Business. Further, any kind of negative publicity or misuse of the company logo and Brand Names could hamper its Goodwill and the company future Growth Strategies could be adversely affected.
- If the company are unable to obtain or maintain regulatory approvals for its products, the company may be unable to sell such products, which could adversely affect its business and results of operations.
- The company have incurred losses for the past few fiscals. In the event its incur net loss in the future, the company business and financial condition may be adversely affected.
- In addition to normal remuneration, other benefits and reimbursement of expenses, some of the company directors (including its Promoters) are interested in the Company to the extent of their shareholding and dividend entitlement in its Company.
- Some of the company Directors on its Board have no experience of being directors in any other listed entity within India, therefore, they will be able to provide limited guidance in relation to affairs of the Company post listing.
- The company have certain contingent liabilities which, if materialized, may adversely affect its financial condition.
- The company Subsidiary has been formed to engage in line of business that is synergistic to its business and the company Group Company which is also Promoter Group Company are in the same line of business and consequently the interest of these Companies may be in conflict with the interest of its Company in the future.
- The average cost of acquisition of Equity Shares by its Promoters could be lower than the Price Band to be decided by the Company in consultation with the Book Running Lead Manager in accordance with the SEBI ICDR Regulations.
- The company Promoters and members of the Promoter Group will continue jointly to retain majority control over its Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.
- The company have incurred financial indebtedness, also certain of its financing arrangements involve variable interest rates and an increase in interest rates may adversely affect the company results of operations and financial condition.
- The company lacks listed peer companies for comparison, this absence of comparable may lead to uncertainty in assessing investment viability for the Investors.
- Fluctuations in foreign currency exchange rates could materially affect its financial results.
- The company operate in a competitive environment and face fair competition in its business from unorganized players, which may adversely affect the company business operations and financial condition.
- Any disruption in the company information technology systems may adversely affect its business, results of operations and prospects.
- The company success depends upon its ability to attract, develop and retain trained manpower while also maintaining low labour costs.
- The company are dependent on third-party transportation providers for the supply of products and delivery of its Agri-output products, However, any such reductions or interruptions in the supply of the products could adversely affect its Business, Results of Operations and Financial Condition and may have an adverse effect on the company ability to deliver its products in a timely or cost-effective manner.
- The company inability to accurately forecast demand or price for its products and manage the company inventory may adversely affect its business, results of operations and financial condition.
- Within the parameters as mentioned in the chapter titled "Objects of the Issue" beginning on page 139 of this Red Herring Prospectus, the Company's management will have flexibility in applying the proceeds of the Issue. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.
- Any variation in the utilization of the Net Proceeds shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company, If such approval is not obtained in a timely manner, or at all, it could negatively affect its operations.
- Portion of the company Issue Proceeds are proposed to be utilized for general corporate purposes which constitute [?] % of the Issue Proceed, if Company could not utilise the Portion of its Issue Proceeds allocated for general corporate purposes and such unutilized Net Proceeds is in the interest of the Company, its ability to does so may be restricted, thereby limiting the company flexibility to respond to changing business or financial conditions, and adversely affecting its business, results of operations, cash flows, and financial condition..
- The company Promoters have provided personal guarantees for loan facilities obtained by the Company, and any failure or default by its Company to repay such loans in accordance with the terms and conditions of the financing documents could trigger repayment obligations on them, which may impact their ability to effectively service their obligations as the company Promoters and thereby, impact its business and operations.
- The company insurance coverage may not be adequate to protect its against all potential losses, which may have a material adverse effect on its business, financial condition and results of operations.
- Terrorist attacks, civil unrests and other acts of violence or war involving India or other countries could adversely affect the financial markets, its business, financial condition and the price of the company Equity Shares.
- The company may not be successful in implementing its business strategies, Failure to implement the company business strategies would have a material adverse effect on its business and results of operations.
- If the company are unable to source business opportunities effectively, the company may not achieve its financial objectives.
- The Company's ability to pay dividends in the future will depends on its Company's future results of operations, financial condition, cash flows and working capital and capital expenditure requirements.
- The company have not commissioned an industry report for the disclosures made in the section titled `Industry Overview' and made disclosures on the basis of the data available on the internet and such data has not been independently verified by its.
- The company are exposed to counterparty credit risk and any delay in receiving payments or non-receipt of payments may adversely impact its results of operations.
- If the company fail to maintain an effective system of internal controls, its may not be able to successfully manage, or accurately report, the company financial risks. Despite its internal control systems, the company may be exposed to operational risks, including fraud, petty theft and embezzlement, which may adversely affect its reputation, business, financial condition, results of operations and cash flows.
- Failure to deal effectively with fraudulent activities on emails would increase the company fraud losses and harm its business and could severely diminish seller and customer confidence in and use of the company products.
- As the company continue to grow, its may not be able to effectively manage the company growth and the increased complexity of its business, which could negatively impact the company brand and financial performance.
- The company inability to manage growth could disrupt its business and reduce the company profitability.
- Subsequent to the listing of the Equity Shares, the company may be subject to pre-emptive surveillance measures such as the Additional Surveillance Measures and the Graded Surveillance Measures by the Stock Exchanges in order to enhance the integrity of the market and safeguard the interest of investors.
- Significant differences exist between Indian GAAP and other accounting principles, such as US GAAP and IFRS, which may be material to investors assessments of the Company's financial condition. Its failure to successfully adopt IFRS may have an adverse effect on the price of the company Equity Shares. The proposed adoption of IFRS could result in its financial condition and results of operations appearing materially different than under Indian GAAP.
The Issue type of BharatRohan Airborne Innovations Ltd is Book Building - SME.
The minimum application for shares of BharatRohan Airborne Innovations Ltd is 3200.
The total shares issue of BharatRohan Airborne Innovations Ltd is 5299200.
Initial public offer of up to 52,99,200 equity shares of face value of Rs.10/- each (the "Equity Shares") of Bharatrohan Airborne Innovations Limited ("the Company" or "Bharatrohan" or "the Issuer") for cash at a price of Rs. 85 per equity share including a share premium of Rs. 75 per equity share (the "Issue Price") aggregating to Rs. 45.04 crores ("the Issue"), of which up to 2,68,800 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 85 per equity share including a share premium of Rs. 75 per equity share aggregating to Rs. 22.85 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of up to 50,30,400 equity shares of face value of Rs. 10/- each at a price of Rs. 85 per equity share including a share premium of Rs. 75 per equity share aggregating to Rs. 42.76 crores is herein after referred to as the "Net Issue". 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.
Price Band: Rs. 80/- to Rs. 85/- for equity share of face value of Rs. 10 each.
The floor price is 8.0 times times the face value and cap price is 8.50 times of the face value of the equity shares.
Bids can made for a minimum of 3,200 equity shares and in multiples of 1,600 equity shares thereafter.