Pajson Agro India Limited IPO

Pajson Agro India Limited IPO

SME BSE SME 100% Book Built Offer
Closed

Price Band

₹112 - ₹118

Total Issue

₹74.45 Cr

Bid Dates

11 Dec - 15 Dec

Subscription

6.07x

Est. GMP

₹4 (3.39%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Pajson Agro is engaged in processing raw cashew nuts into cashew kernels for both domestic and international markets. Its product portfolio includes multiple grades of cashew nuts, offered in bulk packs as well as consumer-focused retail packaging. It also markets select dry fruits under the white-label brand Royal Mewa, distributed through e-commerce platforms and offline networks. The company operates through four key sales verticals: Wholesale Mandis, Institutional Sales, Exports, and its B2C brand, Royal Mewa, enabling a diversified and scalable market presence.

Lot Info

Lot Information for Pajson Agro IPO
Category Lots Shares Amount
Individual (Min) 2 2,400 ₹2,83,200
Individual (Max) 2 2,400 ₹2,83,200
S-HNI (Min) 3 3,600 ₹4,24,800
S-HNI (Max) 7 8,400 ₹9,91,200
B-HNI (Min) 8 9,600 ₹11,32,800
Market Maker
3,57,600 EQ. Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹74.45 Cr
Fresh Issue
₹74.45 Cr (0.63 Cr Shares)
Offer For Sale
( Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹4
Est. Price ₹122
Est. Gain 3.39%

Pajson Agro IPO Peer Comparison

(Rs. in crores)

Pajson Agro IPO Peer Comparison Table
Particulars Pajson Agro Krishival Foods Prospect Consume Aelea Commodities
Revenue 187.27 202.23 30.99 182.14
PAT 20.42 13.55 2.14 1.16
EPS 11.67 6.08 4.19 0.57
NAV 25.26 63.55 44.98 50.21
RONW 46.18% 9.56% 8.95% 1.13%
EBITDA 16.16% 10.46% 13.33% 3.21%
PAT Margin 10.90% 6.70% 6.92% 0.64%
PE Ratio 10.11 78.39 17.00 292.98
Debt to Equity 0.33 0.09 0.22 0.12

All the information pertains to FY 2024-25.The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of November 26, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Pajson Agro IPO
Particulars Sep-25 Mar-25 Mar-24 Mar-23
Revenue 118.37 187.28 96.04 101.13
PAT 14.20 20.42 3.35 0.02
Net Worth 58.40 44.21 23.79 20.44
Borrowings 40.04 14.57 14.57 -
Assets 151.63 65.73 55.39 50.17
NAV (₹) 33.37 25.26 13.60 11.68
EPS (₹) 8.11 11.67 1.92 0.01

KPIs

EBITDA

16.16%

PAT

10.90%

ROE

60.05%

ROCE

48.21%

Debt to Equity

0.33

PE Ratio

10.11

PB Ratio

4.67

Mkt Cap (in Crs.)

280.95

  • All Ratios are based on Mar 2024-25.
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.

Shareholding

Promoter

85.00%

Public

15.00%

Pulkit Jain 60.00%
Aayush Jain 24.71%
Others 0.29%

Management

Aayush Jain Chairman & MD
Ajit Kumar CFO

Registrar & Lead Managers

Registrar

Bigshare Services

Bigshare Services

Lead Managers (1)

Smart Horizon Capital Smart Horizon Capital

Subscription Status

Updated as on 15 Dec 2025 | 05:00:00 PM

BSE SME Subscription Status for Pajson Agro IPO
Category Sub (x) Offered Bids
QIB 10.92x 11,82,000 1,29,07,200
NII 6.86x 9,00,000 61,77,600
bHNI 7.73x 6,00,000 46,35,600
sHNI 5.14x 3,00,000 15,42,000
Individual Investor 3.85x 20,97,600 80,85,600
Total 6.50x 41,79,600 2,71,70,400

Frequently Asked Questions

What is Pajson Agro IPO?
Pajson Agro IPO is a SME IPO having an issue size of ₹74.45 Crs. Pajson Agro IPO is priced at ₹112 - ₹118 per share. The issue opens on 11 Dec 25 and closes on 15 Dec 25.
When will Pajson Agro IPO open?
Pajson Agro IPO opens on 11 Dec 25 and closes on 15 Dec 25.
What is the GMP of Pajson Agro IPO?
The estimated Grey Market Premium of Pajson Agro IPO is ₹4 per share (3.39%).
What is the lot size of Pajson Agro IPO?
The minimum lot size of Pajson Agro IPO is 1200 shares & the minimum application amount is Rs. 141600.
When is the allotment of Pajson Agro IPO?
The allotment date of Pajson Agro IPO is 16 Dec 25.
What is the listing date of Pajson Agro IPO?
The listing date of Pajson Agro IPO is 18 Dec 25.
What is the subscription of Pajson Agro IPO?
Pajson Agro IPO is subscribed 6.07 times.
What is the price band of Pajson Agro IPO?
Pajson Agro IPO is priced at ₹112 - ₹118 per share.
How to check allotment status of Pajson Agro IPO?
Click the allotment link on Pajson Agro IPO page of IPO360.
How to apply Pajson Agro IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Pajson Agro IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Pajson Agro IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Pajson Agro IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date