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Jagatjit Agri Engineering IPO (DRHP filed)

Jagatjit Agri Engineering Limited filed its draft red herring prospectus with SEBI on 1 Oct 2026. Price band, lot size and issue dates are announced only after SEBI observations and the RHP filing.

Last updated

Stage
DRHP Filed
DRHP filed
1 Oct 2026
Days since
17
Issue size
—
Board
Mainboard
Price band
TBA

Jagatjit Agri Engineering IPO status

Jagatjit Agri Engineering Limited filed its draft red herring prospectus (DRHP) with SEBI on . The issue can open only after SEBI issues its observations and the company files the RHP with the price band.

DRHP filed 1 Oct 2026
Days since filing 17
SEBI observation Awaited
Price band TBA
Issue dates TBA

Share reservation by category

Category Shares Details
Qualified Institutions Not Less Than 75% of the Net Issue
Retail Investors Not More Than 10% of the Net Issue
Non-Institutional Not More Than 15% of the Net Issue

Jagatjit Agri Engineering Limited financials

Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹96.16 Cr to ₹417.47 Cr, and profit after tax rose from ₹6.55 Cr to ₹31.39 Cr. The PAT margin for 31 Mar 2026 was 7.52%.

Period ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 318.84 77.93 50.81
Total Income 417.47 96.16 49.09
Profit After Tax 31.39 6.55 2.50
EBITDA 55.74 11.17 6.67
Net Worth 70.47 7.08 0.53
Reserve & Surplus 69.72 6.08 -0.47
Total Borrowings 124.73 20.14 26.74

₹ in crore, as stated in the prospectus.

Key performance indicators

KPI Mar 2026 Mar 2025 Mar 2024
ROE % 53.89 172.08 0.00
ROCE % 31.10 35.59 21.40
Debt / Equity 1.89 2.85 50.36
RoNW % 44.26 92.50 470.30
Pat Margin % 7.58 6.82 5.12

Objectives

The company intends to allocate the net proceeds from the offering to the following objectives.

Sr Objective
1 Funding working capital requirements of the Company
2 Funding the capital expenditure requirements of the Company towards expansion of Dehlon Manufacturing Facility
3 Repayment and/or prepayment, in part or full of certain borrowings availed by our Company
4 General corporate purposes

About Jagatjit Agri Engineering Limited

Incorporated in 2020, Jagatjit Agri Engineering Limited is an agricultural machinery manufacturing and engineering company engaged in providing end-to-end agricultural and crop management solutions. The Company operates under the “Jagatjit” brand and has a longstanding presence in the agricultural machinery industry, with its manufacturing activities dating back to the 1980s.

The Company has a diversified portfolio comprising 20+ product categories and 190+ SKUs, catering to various stages of agricultural operations. Its product range includes rotavators, Super Seeders, mulchers, straw reapers, zero-till seed-cum-fertiliser drills, reversible ploughs, paddy threshers, laser land levellers, and other agricultural implements.

In addition to agricultural machinery, Jagatjit Agri Engineering is engaged in agricultural residue management and biofuel solutions, including the conversion of agricultural residue into biomass briquettes and pellets. This enables the Company to address both farm mechanisation requirements and the growing need for sustainable management of agricultural waste.

The Company operates two manufacturing facilities located at Dehlon in Ludhiana district and Cheema in Sangrur district, Punjab. The facilities manufacture a broad range of agricultural implements and have the capability to produce the Company's entire product portfolio.

Jagatjit Agri Engineering also maintains an in-house research and development function focused on developing new products, enhancing existing agricultural machinery, and addressing evolving requirements of farmers. As of July 31, 2026, the Company's R&D team comprised approximately 46 members.

The Company has established a wide distribution network across India, comprising 12 distributors and 233 dealers as of July 31, 2026. Its products had a presence across 20 states in India and were also exported to 15 countries across North and South America, Europe, Africa, the Middle East, and Southeast Asia, including Nepal, Albania, Vietnam, and Cambodia.

The Company had more than 91 sales representatives, comprising 34 managers and 57 executives, supported by an additional 49 sales personnel responsible for product demonstrations and on-ground customer support.

As of March 31, 2026, the Northern and Central regions of India contributed ₹3,890.89 million, representing more than 93.99% of the Company's revenue from operations. The Company's dealer and distributor network accounted for approximately 86.08% of revenue from operations in Fiscal 2026, compared with 64.46% in Fiscal 2025 and 66.47% in Fiscal 2024, highlighting the increasing contribution of the Company's established distribution network.

The Company's customer base includes Seth Agro Industries, Maa Realty Solutions, M/s Mahalaxmi Machinery Store, Shri Shyam Agro Industries, Dinesh Chandra & Bros., Deep Agro Enterprises, Mathouda Enterprises, Guru Nanak Agriculture Implements (Kup Kalan), and Guru Kirpa Farming Solutions, among others.

In Fiscal 2026, Seth Agro Industries was the Company's largest customer, contributing ₹1,043.46 million, or approximately 25.21% of revenue from operations. The remaining major customers contributed smaller proportions of the Company's overall revenue.

As of July 31, 2026, Jagatjit Agri Engineering had 839 permanent employees across its manufacturing, R&D, sales, administrative, and other functions.

The Company has also developed an intellectual property portfolio comprising three patents and 35 registered trademarks, with an additional five trademark applications under examination.

Promoters

  1. Dharam Singh

  2. Jagatjit Singh

  3. Simran Saron

Contact details

Jagatjit Agri Engineering Ltd.
Malerkotla Road
Village Dehlon Ludhiana,
Punjab, 141118

Telephone: +91 7888832091
Email: charanchit.kaur@jagatjitgroup.com
Website: https://www.jagatjitgroup.com/

Jagatjit Agri Engineering IPO FAQs

Has Jagatjit Agri Engineering IPO filed for an IPO?
Jagatjit Agri Engineering Limited filed its draft red herring prospectus (DRHP) with SEBI on 1 Oct 2026.
When will the Jagatjit Agri Engineering IPO open?
Issue dates are announced after SEBI observations and the RHP filing. They are not available yet.
What is the Jagatjit Agri Engineering IPO price band?
The price band is announced a few days before the issue opens. It is not available yet.

Details are from the draft prospectus and can change in the final RHP. This is not investment advice.