Gujarat Peanut and Agri Products IPO

Gujarat Peanut & Agri Products Ltd

₹1,28,000 /1600 sharesMinimum Investment

Gujarat Peanut and Agri Products IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
25 Sep ‘25 - 29 Sep ‘25₹2,56,0001,600₹80 - ₹80
Issue SizeIPO Doc
23.81Cr
RHP PDF

Subscription rate

As of 29 Sep'25, 04:01 PM
Qualified Institutional Buyers0.00x
Non-Institutional Investor6.03x
Retail Individual Investor5.52x
Total5.72x

About Gujarat Peanut and Agri Products

Gujarat Peanut and Agri Products Limited, originally incorporated in 2005, is involved in the cleaning, grading, processing, sorting, buying, selling, trading, and marketing of agricultural produce and commodities. Its product range includes peanuts, sesame seeds, spices, food grains, and pulses. Specific products offered include groundnut in-shell, groundnut oil, black sesame seeds, cumin seeds, chickpeas, and soybeans, among others. The company operates from a manufacturing facility located in Rajkot, Gujarat. The facility is divided into two sections: one for post-harvest peanut operations like de-shelling, roasting, and packaging, and the other for processing seeds, spices, and pulses.;
Founded in
2005
Managing director
Mr Sagar Arunkumar Chag
Parent organisation
Gujarat Peanut & Agri Products Ltd

Strengths & Financials of Gujarat Peanut and Agri Products

Strengths
Risks
Gujarat Peanut and Agri Products claims to have a robust presence in the agricultural market, allowing the company to adjust its focus between different commodities based on market demand and price fluctuations. Its management team continuously monitors trends and demands, ensuring it remains flexible and avoids lean periods throughout the year.
The company claims to maintain long-standing relationships with both domestic and international clients, resulting in repeat business. Its commitment to understanding and addressing customer needs has helped it retain clients and gain a competitive edge in expanding operations despite growing competition. The proximity to key ports, including Chennai and Ennore Ports, further enhances logistics, enabling efficient raw material imports and finished product exports.
Gujarat Peanut and Agri Products claims to have developed enduring relationships with a network of suppliers. This strong supplier base enables it to secure quality raw materials on time, ensuring the company can meet customer demands consistently and manage inventory effectively for repeat business.
The company operates a large manufacturing facility, covering approximately 68,607 square feet, strategically located in Rajkot, Gujarat. It claims that the location provides easy access to essential transportation routes and raw materials, along with proximity to major Indian freight ports, ensuring efficient logistics and superior product quality through advanced technology and skilled personnel.
Gujarat Peanut and Agri Products has received multiple certifications and recognitions, including being a ‘One Star Export House’ by the Directorate General of Foreign Trade, an Exporter Registration certificate from the Spices Board of India, and registration with APEDA, IOPEPC, and the Federation of Indian Export Organisations. The company also holds Food Safety System Certification 22000 (ISO 22000:2018, ISO/TS 22002-1:2009).
The company has witnessed a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 147.98 crore in FY23 to Rs 296.79 crore in FY24 and Rs 363.04 crore in FY25. PAT increased from Rs 0.82 crore in FY23 to Rs 3.95 crore in FY24 and Rs 6.49 crore in FY25.
Gujarat Peanut and Agri Products is exposed to the risk of fluctuating raw material prices or shortages of essential agricultural products such as peanuts, seeds, and spices. Any increase in the cost of raw materials could lead to higher manufacturing expenses, potentially impacting the company’s profit margins. If the company is unable to pass on these price increases to customers, it may result in lost sales or reduced customer retention, adversely affecting financial performance. Additionally, the absence of long-term supply contracts makes the company vulnerable to raw material shortages or delays, which could disrupt operations and lead to financial instability.
The company reported negative cash flow from operating activities amounting to Rs 26.39 crore in FY24. Additionally, negative cash flow from investing activities amounted to Rs 0.03 crore in FY25, Rs 0.61 crore in FY24, and Rs 1.04 crore in FY23. The company also experienced negative cash flow from financing activities amounting to Rs 6.96 crore in FY25. Additionally, it reported a net decrease in cash and cash equivalents amounting to Rs 0.16 crore in FY24. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
As of FY25, the company had contingent liabilities of Rs 2.84 crore. If any of these contingent liabilities materialise, it could hurt the company’s financial condition.
The top 10 suppliers accounted for 87.08 percent, 66.13 percent and 71.45 percent of the company’s total purchases in FY25, FY24, and FY23, respectively. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The top 10 customers accounted for 62.03 percent, 58.40 percent and 51.63 percent of the company’s revenue in FY25, FY24, and FY23, respectively. Any failure to retain these key customers or a loss of business from them could adversely affect the company’s business and financial standing.
Gujarat Peanut and Agri Products faces the risk of delays or defaults in payments from its customers, which could significantly impact its financial position. As of FY25, it had trade receivables of Rs 56.10 crore, a sharp increase from Rs 32.78 crore in FY24 and Rs 12.15 crore in FY23. While the company has not faced any defaults in the past, any future delays or defaults, especially due to customers’ financial difficulties or global economic downturns, could hurt its cash flows and overall financial performance. If customers fail to fulfil their payment obligations, it may require the company to invest additional working capital, further straining its finances.
The company is subject to seasonal fluctuations that affect its production and availability of raw materials, leading to variability in revenue and profits across different quarters of the fiscal year. The harvesting periods for agricultural products vary by season, causing uneven availability in the market, which can impact the company's financial performance during certain periods. Additionally, extreme weather conditions such as heavy rainfall or cyclones may disrupt operations, damage equipment, and delay product delivery, further impacting cash flows and profitability.
Gujarat and West Bengal accounted for 81.85 percent, 76.90 percent and 72.53 percent of the company’s total sales in FY25, FY24, and FY23, respectively. Furthermore, the company’s sole manufacturing facility is located in Gujarat. Any disruption in these regions could be detrimental to the company’s operations and financial performance.
The company is involved in certain ongoing tax proceedings. Any adverse judgments in any of these cases could hurt the company’s business prospects.
The company’s revenue from international operations accounted for 5.89 percent, 12.71 percent and 17.24 percent of its total revenue in FY25, FY24, and FY23, respectively. Furthermore, imports accounted for 48.44 percent, 22.08 percent, and 10.81 percent of the company’s total purchases during the same period. Any significant fluctuations in the exchange rates between the Indian rupee and foreign currencies could hurt the company's revenue and profitability, especially as the company does not currently engage in hedging contracts to mitigate these risks.
As of FY25, the company had financial indebtedness of Rs 38.89 crore. Any failure to service or repay these loans can hurt the company’s operations and financial position.

Gujarat Peanut and Agri Products Financials

*All values are in Rs. Cr
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Application Details of Gujarat Peanut and Agri Products IPO

Apply asPrice bandApply Range
Individual investor80 - 80₹2 - 5 Lakh
For Gujarat Peanut and Agri Products IPO, eligible investors can apply as Individual investor.