Pajson Agro India IPO
GMP, Subscription, Price, Dates & Financial Details
Consumer Food
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…
Open Date
Thu, 11 Dec 2025
Close Date
Mon, 15 Dec 2025
Price Band
₹ 112 – 118
Lot Size
1200
Issue Size
₹ 74.45 Cr
Minimum Investment
₹ 283,200 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Pajson Agro India IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹74.45 Crore, comprising a fresh issue of 63.10 Lakh equity shares aggregating to ₹74.45 Crore.
The Pajson Agro India IPO remained open for subscription from December 11, 2025, to December 15, 2025. The basis of allotment was finalized on December 16, 2025, and the company's shares were listed on BSE SME Platform on December 18, 2025.
The company had fixed the price band at ₹112 to ₹118 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹283,200 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Smart Horizon Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Pajson Agro is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Pajson Agro India IPO Timeline (Tentative)
- IPO Open Date
- Thu, 11 Dec 25
- IPO Close Date
- Mon, 15 Dec 25
- Basis of Allotment
- Tue, 16 Dec 25
- Initiation of Refunds
- Wed, 17 Dec 25
- Credit of Shares to Demat
- Wed, 17 Dec 25
- Listing Date
- Thu, 18 Dec 25 — NSE & BSE
Open Date
11 December 2025
Close Date
15 December 2025
Basis Of Allotment
16 December 2025
Listing Date
18 December 2025
IPO Subscription
Check Live Subscription →The Pajson Agro India IPO has received bids for 2,75,28,000 shares against 41,79,600 shares offered, resulting in an overall subscription of 6.59x. the NII category is subscribed 7.26x, Retail Investors 3.85x, and QIBs 10.92x.
QIB
10.92x
NII
7.26x
RII
3.85x
Total
6.59x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 20,97,600 shares, representing 50.19% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 11,82,000 shares (28.28%), while Non-Institutional Investors (NIIs) receive 9,00,000 shares (21.53%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,182,000 | 28.28% |
| Non-Institutional | 900,000 | 21.53% |
| BNII | 600,000 | 14.36% |
| SNII | 300,000 | 7.18% |
| Retail Investors | 2,097,600 | 50.19% |
| Total | 4,179,600 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Pajson Agro KPI Information
| 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 |
| Pat Margin % | 10.9 | 3.5 | 0.02 |
Peers Comparison
| 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 |
About Pajson Agro
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.
Pajson Agro India IPO Promoters
- Aayush Jain
- Anjali Jain
- Pulkit Jain
Promoters Holding
Holding Pre Issue
85.00%
Holding Post Issue
62.47%
Pajson Agro India IPO Objective
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
Pajson Agro Address / Contact Details
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
Pajson Agro India IPO Lot Size
The Pajson Agro India IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,83,200 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,83,200.
| 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 |
Issue Reservation
- QIB — 28.28%
- NII — 21.53%
- RII — 50.19%
Book Running Lead Managers
- Smart Horizon Capital Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Pajson Agro India IPO?
Pajson Agro India IPO is a Book-building IPO with a total issue size of ₹74.45 crore. The Pajson Agro India IPO price band is ₹112 to 118 per share. The Pajson Agro India IPO subscription opens on Thu, Dec 11, 2025, and closes on Mon, Dec 15, 2025. The Pajson Agro India IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Pajson Agro India IPO.
When will the Pajson Agro India IPO open for subscription?
The Pajson Agro India IPO opens on Thu, Dec 11, 2025 and closes on Mon, Dec 15, 2025
What is Pajson Agro India IPO Price Band?
Pajson Agro India IPO Price Band is ₹112 to 118 per share.
What is Pajson Agro India IPO Lot Size?
Pajson Agro India IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹283200 based on the upper price band
What is the minimum investment for Pajson Agro India IPO?
The minimum investment for Pajson Agro India IPO is ₹283200, based on one lot of 1200 shares at the upper price band of ₹118 per share.
How to apply for Pajson Agro India IPO?
Investors can apply for the Pajson Agro India IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Dec 15, 2025. The application amount remains blocked until the Pajson Agro India IPO allotment is finalized.
What is Pajson Agro India IPO Issue Size?
Pajson Agro India IPO issue size is ₹74.45 crores.
What is the Pajson Agro India IPO Allotment Date?
Pajson Agro India IPO allotment date is Tue, Dec 16, 2025.
Who is the Pajson Agro India IPO Registrar?
The registrar for Pajson Agro India IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Pajson Agro India IPO allotment status, refund processing, and other IPO-related information.
What is the Pajson Agro India IPO GMP?
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 5.08% over the issue price.
Who is the Pajson Agro India IPO Lead Manager?
The book-running lead managers (BRLMs) for the Pajson Agro India IPO are Smart Horizon Capital Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Pajson Agro India IPO Red Herring Prospectus (RHP).