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Allotment

Pajson Agro India Limited

Pajson Agro India Limited entered the capital markets with a book-built IPO aggregating ₹74.45 crore, comprising only a fresh issue of 0.63 crore equity shares. The issue did not include any offer for sale component.

The IPO was open for subscription from December 11, 2025, to December 15, 2025. The basis of allotment was finalised on December 16, 2025, and the company’s equity shares were listed on the BSE SME platform on December 18, 2025.

The price band for the issue was fixed at ₹118 per share, with applications to be made in a lot size of 1,200 shares. Retail investors were required to invest a minimum of ₹2,83,200, calculated at the upper price band for 2,400 shares. For High Net-worth Individuals (HNIs), the minimum application size was three lots, or 3,600 shares, involving an investment of ₹4,24,800.

The IPO was managed by Smart Horizon Capital Advisors Private Limited as the Book Running Lead Manager, while Bigshare Services Private Limited acted as the Registrar to the Issue. Giriraj Stock Broking Private Limited was appointed as the Market Maker for the IPO.

Pajson Agro India Limited IPO & Charts
₹118

0%

Open

₹118

HIgh - Low

₹118

Previous Close

₹118

Total Traded Value

0

52 Weeks High

₹118

52 Weeks Low

₹118

Updates On

Dec 5, 2025

IPO. Open

Dec 11, 2026

IPO. Close

Dec 15, 2026

IPO. Price

₹118.00

IPO Market price

₹280.95 Cr

IPO Details

IPO Date 18 Dec
IPO Listing Date 18 Dec
IPO Face Value ₹10 per share
IPO Price Range ₹118.00
IPO Issue Size 63,09,600 shares
IPO Sale Type Fresh Capital
Employee Discount -
IPO Issue Type Bookbuilding IPO
IPO Listing BSE SME Platform
Share Holding Pre Issue 1,74,99,995 shares

IPO Timeline

IPO Open Date 11 Dec
IPO Close Date 15 Dec
IPO Allotment (Tentative) 16 Dec
Refunds 17 Dec
Credit to Demat Account 17 Dec
IPO Listing Date 18 Dec

IPO Reservation

Category Offer
QIB Shares Offered 29,54,400 (46.82%) Shares
NII (HNI) Shares Offered 9,00,000 (14.26%) Shares
Retail Shares Offered 20,97,600 (33.24%) Shares

IPO Lot Size

Investors can bid for a minimum of 2,400 shares, and in multiples of 1,200 shares thereafter.

Application Lots Share Amount
Retail (Min) 2 2400 ₹2,83,200
Retail (Max) 2 2400 ₹2,83,200
S-HNI (Min) 3 3600 ₹4,24,800
S-HNI (Max) 7 8400 ₹9,91,200
B-HNI (Min) 8 9600 ₹11,32,800
About Company

Founded in 2021, Pajson Agro India Limited is engaged in the processing of raw cashew nuts into finished cashew kernels, supplying its products to both domestic and overseas markets. The company primarily operates in bulk sales, while also offering retail packs under its white-label brand, Royal Mewa, within the dry fruits segment. In addition, Pajson Agro utilises cashew by-products such as husks and shells, which are sold for industrial and agricultural applications.

The company’s sales and distribution network is organised across four key verticals: local wholesale mandis, institutional customers including retail chains and food brands, export markets, and direct-to-consumer sales through the Royal Mewa brand. At present, its products reach 18 Indian states and 3 Union Territories.

Pajson Agro operates a large-scale cashew processing facility in Anakapalli, Visakhapatnam (Andhra Pradesh), spread over approximately 2.96 lakh square feet, with an installed capacity of 18,000 metric tonnes. The plant is equipped with modern machinery for shelling, peeling, cleaning, grading, and sorting, supported by a dedicated in-house packaging unit.

As of July 31, 2025, the company employed 465 permanent staff members. Its key strengths include a strategically located processing unit, efficient raw material sourcing, experienced promoters, a diversified customer base, and a strong wholesaler network that supports consistent demand.

Pajson Agro India Ltd. reported a 95% increase in revenue and a 509% growth in profit after tax (PAT) for the financial year ended March 31, 2025, compared to the previous year ended March 31, 2024.

Company Financials (Consolidated)

Assets 151.63 65.73 55.39
Total Income 118.37 187.28 96.04
Profit After Tax 14.20 20.42 3.35
EBITDA 21.07 30.27 5.74
NET Worth 58.40 44.21 23.79
Reserves and Surplus 40.90 40.71 20.29
Total Borrowing 40.04 14.57 14.57

Key Performance Indicator (KPI)

ROE 60%
ROCE 48%
Debt/Equity 0.33
RoNW 46.18%
PAT Margin 10.90%
EBITDA Margin 16.16%
Price to Book Value 4.67
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement -
3 To meet out the General Corporate Purposes; 8.47
4 Offer for Sale (OFS) -

Contact Details

Pajson Agro India Ltd.
510, 5th Floor, Pearl Omaxe Tower
Netaji Subhash Place, Pitampura
Shakur Pur I Block, North West Delhi
Delhi, New Delhi, 110034
Phone: 011-43026646
Email: investor@pajsonagro.com
Website: http://www.pajsonagro.com/

Detail Registrar

IPO Registrar

Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html

FAQ

The IPO was priced at ₹118 per share. The minimum lot size for retail investors was 1,200 shares. For retail investors, the minimum investment for two lots (2,400 shares) was ₹2,83,200.

The IPO was open from 11th December 2025 to 15th December 2025. The allotment was finalized on 16th December 2025.

It was a book-built issue raising ₹74.45 crore entirely through a fresh issue of 63.09 lakh equity shares.

The shares were listed on BSE SME on 18th December 2025.

Founded in 2021, Pajson Agro processes raw cashew nuts into finished kernels, supplying both domestic and overseas markets. It also sells by-products like husks and shells for industrial and agricultural use.

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