Pajson Agro India Limited IPO
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.
Price Band₹112 - ₹118 |
Dates11 Dec - 15 Dec |
GMP₹4 (3.39%) |
Subscriptions6.07 times |
Issue Size₹74.45 Crs |
Pajson Agro IPO Key Dates
Opening Date
11 Dec 25
Closing Date
15 Dec 25
Basis Of Allotment
16 Dec 25
Initiations Of Refund
17 Dec 25
Credit Of Shares
17 Dec 25
Listing Date
18 Dec 25
Pajson Agro IPO Objects
- Capital expenditure for setting up a second cashew processing facility in Vizianagaram, Andhra Pradesh.
- General corporate purposes
Pajson Agro IPO Details
Price Band₹112 - ₹118 |
Listing AtBSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹74.45 Cr (0.63 Cr Shares) |
Offer For Sale( Shares) |
Total Issue₹74.45 Cr (0.63 Cr Shares) |
Face Value₹10 per equity share |
Pajson Agro IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
2,400
2,83,200
Maximum
2
2,400
2,83,200
|
|||
| Small HNI |
Minimum
3
3,600
4,24,800
Maximum
7
8,400
9,91,200
|
|||
| Big HNI |
Minimum
8
9,600
11,32,800
|
|||
Pajson Agro IPO Subscription
Updated as on 15 Dec 2025 | 05:00:00 PM
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 10.92 | 11,82,000 | 1,29,07,200 |
| NII | 5.20 | 9,00,000 | 65,35,200 |
| bNII (bids above ₹10L) | 8.32 | 6,00,000 | 49,93,200 |
| sNII (bids between ₹2L to ₹10L) | 5.14 | 3,00,000 | 15,42,000 |
| Retail | 3.85 | 20,97,600 | 80,85,600 |
| Total | 6.07 | 45,37,200 | 2,75,28,000 |
Pajson Agro IPO GMP
The estimated Grey Market Premium of Pajson Agro IPO is ₹4 per share (3.39%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of Net Offer |
| NII | Not less than 15% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Market Maker | 3,57,600 EQ. Shares |
Pajson Agro IPO Financials
| 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 |
The financial information presented is on a consolidated basis
Key Performance Indicators
| KPI | VALUES |
|---|---|
| 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.
Pajson Agro IPO Peer Comparision
| 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
Pajson Agro IPO Peer Comparision
| Particulars | Pajson Agro |
|---|---|
| Revenue | 187.27 |
| PAT | 20.42 |
| EPS | 11.67 |
| NAV | 25.26 |
| RONW | 46.18% |
| EBITDA | 16.16% |
| PAT Margin | 10.90% |
| PE Ratio | 10.11 |
| Debt to Equity | 0.33 |
| Krishival Foods | Prospect Consume | Aelea Commodities |
|---|---|---|
| 202.23 | 30.99 | 182.14 |
| 13.55 | 2.14 | 1.16 |
| 6.08 | 4.19 | 0.57 |
| 63.55 | 44.98 | 50.21 |
| 9.56% | 8.95% | 1.13% |
| 10.46% | 13.33% | 3.21% |
| 6.70% | 6.92% | 0.64% |
| 78.39 | 17.00 | 292.98 |
| 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
Promoter Details
| Name | Shareholding |
|---|---|
| Pulkit Jain | 60.00% |
| Aayush Jain | 24.71% |
| Others | 0.29% |
| Total | 85.00% |
Management Details
| Name | Designation |
|---|---|
| Aayush Jain | Chairman & MD |
| Ajit Kumar | CFO |
Company Details
Name: Pajson Agro India Limited
Address: 510, 5th Floor, Pearl Omaxe Tower, Netaji Subhash Place, Pitampura, Shakur Pur I Block, North West Delhi, Delhi, India, 110034.
Number: 011-43026646
Email: investor@pajsonagro.com
Website: www.pajsonagro.com
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Pajson Agro IPO is a SME IPO having an issue size of Rs. ₹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.
Pajson Agro IPO opens on 11 Dec 25 and closes on 15 Dec 25.
The estimated Grey Market Premium of Pajson Agro IPO is ₹4 per share (3.39%).
The minimum lot size of Pajson Agro IPO is 1200 shares & the minimum application amount is Rs. 141600.
The allotment date of Pajson Agro IPO is 16 Dec 25.
The listing date of Pajson Agro IPO is 18 Dec 25.
Pajson Agro IPO is subscribed 6.07 times.
Pajson Agro IPO is priced at ₹112 - ₹118 per share.
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