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That isn't necessarilly the case. If the hold on the gunner happens during the kick itself and the receiving team has the ball at the end of the down it will be a 10 yard penalty enforced from the end of the kick. So if he catches the punt at the 25 yard line and is tackled at the 35 it will be the receiving teams ball 1st and 10 at the 15 yard line. A foul that happens during the kick itself is treated as if the receiving team had the ball when they fouled even though they hadn't caught the ball yet. It can be more complicated than this if certain other things happen but that's the gist of it.Not a fan of the automatic first down for holding a gunner on a punt. That is the type of rule that will completely hose ISU at a critical point in a game.
It's a risky enough penalty that in very crucial late-game situations you may just automatically call for a fair catch and and not risk blocking the gunners.