Pajson Agro India IPO
Open SmeCurrent GMP
₹6 (+5.08%)
Price Band
₹ 112 – 118
Lot Size
1200
Issue Size
₹74.45 Cr
Minimum Investment
₹283200 (2400 Shares)
Listing Date
18 December 2025
Subscription
6.59x
About the Company
Pajson Agro India, incorporated in 2021, is engaged in processing raw cashew nuts into high-quality cashew kernels for domestic and international markets. The company supplies products in bulk as well as in retail packages under its white-label dry-fruits brand Royal Mewa. In addition to cashew kernels, Pajson Agro India also sells cashew by-products such as husk and shells, which are used in industrial and agricultural applications.
Sales and Distribution Channels
The company’s sales operations are structured across four key verticals:
- Wholesale Mandis (Local Markets)
- Institutional Sales (including retail chains, food brands, and other bulk buyers)
- Exports
- B2C Sales through the Royal Mewa brand
Pajson Agro India currently has a distribution footprint across 18 states and 3 Union Territories in India.
Manufacturing Facilities
The company operates a modern cashew processing plant located in Visakhapatnam, Anakapalli, Andhra Pradesh, spread across 295,990.20 sq. ft. with an annual processing capacity of 18,000 metric tonnes. The facility is equipped for shelling, peeling, cleaning, grading, sorting, and other associated processes. The company also maintains a dedicated packaging unit to support bulk and retail operations.
Workforce
As of July 31, 2025, Pajson Agro India employs 465 permanent staff across its operations.
Promoters
- Aayush Jain
- Anjali Jain
- Pulkit Jain
Promoters Holding
Holding Pre Issue
85.00%
Holding Post Issue
62.47%
Objects of the Issue
The Company Pajson Agro India IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Capital Expenditure towards Establishment of a Second Cashew Processing Facility at Vizianagaram, Andhra Pradesh
- General corporate purposes
Address / Contact Info
Pajson Agro India Ltd.
510, 5th Floor, Pearl Omaxe Tower
Netaji Subhash Place, Pitampura
Shakur Pur I Block, North West Delhi
West Delhi, New Delhi, 110034
Phone: 011-43026646
Email: investor@pajsonagro.com
Website: http://www.pajsonagro.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 11 December 2025
IPO Close Date
Monday, 15 December 2025
Basis of Allotment
Tuesday, 16 December 2025
Initiation of Refunds
Wednesday, 17 December 2025
Credit of Shares to Demat
Wednesday, 17 December 2025
Listing Date
Thursday, 18 December 2025 — NSE & BSE
Important Dates
Open Date
11 December 2025
Close Date
15 December 2025
Basis Of Allotment
16 December 2025
Listing Date
18 December 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 151.63 | 65.73 | 55.39 | 50.17 |
| Revenue | 118.37 | 187.28 | 96.04 | 101.13 |
| Profit After Tax | 14.2 | 20.42 | 3.35 | 0.02 |
| Net Worth | 58.4 | 44.21 | 23.79 | 20.44 |
| Reserve & Surplus | 40.9 | 40.71 | 20.29 | 16.94 |
| Total Borrowings | 40.04 | 14.57 | 14.57 | 0 |
EPS Pre
11.67%
EPS Post
11.92%
P/E Pre
10.11
P/E (Post Issue)
9.90x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 60.05 | 15.16 | 0.08 |
| ROCE % | 48.21 | 12.18 | 0.81 |
| Debt / Equity | 0.33 | 0.61 | 0 |
| RoNW % | 46.18 | 14.09 | 0.08 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 10.9 | 3.5 | 0.02 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1182000 | 28.28 | 0 |
| Non-Institutional | 900000 | 21.53 | 0 |
| BNII | 600000 | 14.36 | 0 |
| SNII | 300000 | 7.18 | 0 |
| Retail Investors | 2097600 | 50.19 | 0 |
| Total | 4179600 | 100 | 0 |
Subscription Status ( Mon, 15 Dec 25 01:55 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1182000 | 12907200 | 10.92x |
| Non-Institutional | 900000 | 6535200 | 7.26x |
| Retail Investors | 2097600 | 8085600 | 3.85x |
| Total | 4179600 | 27528000 | 6.59x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Pajson Agro India Ltd | 10 | 0.00 | 11.67 | 11.67 | 46.18 | 25.26 |
| Krishival Foods Ltd | 10 | 78.39 | 6.08 | 6.08 | 9.56 | 63.55 |
| Prospect Consumer Products Ltd | 10 | 17.00 | 4.19 | 4.19 | 8.95 | 44.98 |
| Aelea Commodities Ltd | 10 | 292.98 | 0.57 | 0.57 | 1.13 | 50.21 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 283,200.00 |
| Retail (Max) | 2 | 2,400 | 283,200.00 |
| S-HNI (Min) | 3 | 3,600 | 424,800.00 |
| S-HNI (Max) | 7 | 8,400 | 991,200.00 |
| B-HNI (Min) | 8 | 9,600 | 1,132,800.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Smart Horizon Capital Advisors Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Pajson Agro India IPO is a Book-building IPO worth ₹74.45 crores. The price band is ₹112 to 118 per share. The IPO opens on Thu, Dec 11, 2025 and closes on Mon, Dec 15, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Pajson Agro India IPO opens on Thu, Dec 11, 2025 and closes on Mon, Dec 15, 2025
Pajson Agro India IPO Price Band is ₹112 to 118.
Pajson Agro India IPO lot size is 1200, and the minimum amount required for application is ₹283200.
The minimum investment for Pajson Agro India IPO is approximately ₹283200 based on the upper price band.
To apply for the Pajson Agro India IPO , investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Dec 15, 2025. After submission, funds are blocked until the basis of allotment of Pajson Agro India IPO is finalised.
Pajson Agro India IPO issue size is ₹74.45 crores.
Pajson Agro India IPO allotment date is Sat, Jun 27, 2026.
The registrar for Pajson Agro India IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Pajson Agro India IPO through their official website or helpline.
The Pajson Agro India IPO GMP (Grey Market Premium) is ₹6 as of Thu, Dec 18, 2025. Based on the upper price band of ₹118 per share, the estimated Pajson Agro India IPO listing price is ₹124, indicating a potential listing gain of approximately 31% over the issue price.