IPO

Pajson Agro India Limited IPO

BSE SME

Listed On: Dec 18, 2025 at ₹ 124.0

₹ 283200 /2400 Shares
*Min Investment

Check Allotment

11 Dec, 2025

Open Date

15 Dec, 2025

Close Date

16 Dec, 2025

Allotment Date

18 Dec, 2025

Listing Date
Pajson Agro India IPO Live Subscription Details
View Subscription Details
QIB 10.92x
Individual 3.85x
NIIs 7.26x
BHNI 8.32x
SHNI 5.14x
Individual 3.85x
Total 6.59x
Last updated: 15 Dec 2025, 05:57 PM
Pajson Agro India IPO Issue Details
  • Issue Price ₹112-118 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 63,09,600 shares(aggregating up to ₹74.75 crore)
  • Fresh Share 63,09,600 shares(aggregating up to ₹74.75 crore)
  • Listing at BSE SME
  • List Price 124.0
  • Listing Date 2025-12-18
  • Lead Manager Smart Horizon Capital Advisors Pvt.Ltd.
  • Registrar Bigshare Services Pvt.Ltd.
Market Lot Size

Investors can bid for a minimum of 2400 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 2400 ₹2,83,200
Individual(max) 2 2400 ₹2,83,200
SHNI(min) 3 3600 ₹4,24,800
SHNI(max) 7 8400 ₹9,91,200
BHNI(min) 8 9600 ₹11,32,800
Pajson Agro India IPO Reservation

Pajson Agro India IPO offers total 6309600 shares. Out of which 1182000 (18.73%) allocated to QIB, 900000 (14.26%) allocated to NII,2097600 (33.24%) allocated to RII, NA (NA%) allocated to employees and 1772400 (28.09%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 1772400 (28.09%)
Market Maker Shares Offered 357600 (5.67%)
QIB Shares Offered 1182000 (18.73%)
NII (HNI) Shares Offered 900000 (14.26%)
bNII > ₹10L 600000 (9.39%)
sNII < ₹10L 300000 (4.85%)
Individual Shares Offered 2097600 (33.24%)
Total Shares Offered 6309600 (100%)
Pajson Agro India IPO Documents
DRHP
RHP
ANCHOR
Pajson Agro India IPO Details


Pajson Agro India Limited IPO is an SME IPO, priced at ₹112-118 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 63,09,600 equity shares, aggregating up to ₹74.75 crores..

The IPO bidding window is open from Dec 11, 2025 to Dec 15, 2025. The allotment is expected to be finalized on Dec 16, 2025, and the tentative listing date is Dec 18, 2025.

The minimum lot size for Individual investors is 2400 shares, with a minimum investment of ₹2,83,200.

Smart Horizon Capital Advisors Pvt.Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt.Ltd., and

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Pajson Agro India IPO Subscription Analysis And Details
Retail
3.85x
QIB
10.92x
NII
7.26x
bNII
8.32x
sNII
5.14x
Total
6.59x
As on QIB NII
bNII   sNII 		Individual Total
Shares Offered / Reserved 11,82,000 9,00,000
6,00,000    3,00,000 		20,97,600 41,79,600
Day 1 11-12-25 05:00 PM
3.54 x 0.18 x
0.22 x   0.10 x 		0.09 x 1.08 x
Day 2 12-12-25 05:00 PM
7.07 x 0.88 x
1.16 x   0.32 x 		0.55 x 2.47 x
Day 3 15-12-25 05:00 PM
10.92 x 7.26 x
8.32 x   5.14 x 		3.85 x 6.59 x
Total No of Applications
4,225
Subscription on the basis of Applications
Retail:3.85x BHNI:2.6x SHNI:4.96x
Pajson Agro India Valuations
EPS Pre IPO ₹11.67/-
EPS Post IPO ₹11.92/-
P/E Pre IPO 10.11
P/E Post IPO 9.90
ROE 60.05%
ROCE 48.21%
Debt/Equity 0.33
RoNW 46.18%
PAT Margin 10.90%
Price to Book Value 4.67
Market Cap. 280.95 Cr.
Pajson Agro India Company Financials
In Crs.
In Cr.
30-Sep-25 31-Mar-25 31-Mar-24 31-Mar-23
Assets 151.63 65.73 55.39 50.17
Revenue 118.37 187.28 96.04 101.13
Profit After Tax 14.20 20.42 3.35 0.02
Net Worth 58.40 44.21 23.79 20.44
Reserves & Surplus 40.90 40.71 20.29 16.94
Total Borrowing 40.04 14.57 14.57 0.00
About Pajson Agro India Company

Incorporated in 2021, Pajson Agro India processes raw cashew nuts into cashew kernels and supply them to domestic and international markets. It sells in bulk and also in retail packs under its white-label brand Royal Mewa, in the dry fruits segment. Further, it sells by-products such as cashew husk and shells for industrial and agricultural use.

Sales and Distribution Channels: Sales operate through four verticals-1. Wholesale Mandis (Local markets), 2. Institutional Sales (to retail chains, food brands, etc.), exports, and B2C/Royal Mewa brand. Currently, the company operates in 18 states and 3 Union Territories of India.

It has a cashew processing plant in Visakhapatnam, Anakapalli, Andhra Pradesh, spread over 295,990.20 square feet with a capacity of 18,000 metric tonnes. Additionally, it has a dedicated packaging unit. Its processing facility consists of shelling, peeling, cleaning, grading, sorting, and related handling equipment.

As of July 31, 2025, it has 465 permanent employees.

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Pajson Agro India - Promoter(s)

Aayush Jain

Anjali Jain

Pulkit Jain

Pre Issue Share Holding : 85%

Post Issue Share Holding : 62.47%

Pajson Agro India IPO - Issue Objectives
1

Capital Expenditure towards Establishment of a Second Cashew Processing Facility at Vizianagaram, Andhra Pradesh

2

General Corporate Purpose

Contact Details

Pajson Agro India

510, 5th Floor, Pearl Omaxe Tower Netaji Subhash Place, Pitampura Shakur Pur I Block, North West Delhi Delhi, New Delhi, 110034

011-43026646

investor@pajsonagro.com

http://www.pajsonagro.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html