Pajson Agro India IPO is set to open on December 11, 2025, and will close on December 15, 2025. This is a Book Built Issue aimed at raising around ₹74.45 crores entirely through a fresh issue. The IPO price band is fixed between ₹112 and ₹118 per share.
Investors can apply through QIB (50%), HNI (15%), and Retail (35%) categories. The allotment will be finalized on December 16, 2025, and the IPO is expected to list on BSE SME on December 18, 2025.
The company has shown strong financial performance, reporting revenue of ₹187.28 crores in FY2025, up from ₹96.04 crores in FY2024. Profit after tax rose to ₹20.42 crores from ₹3.35 crores. Based on these numbers, the IPO is recommended for long-term investors.
Contents
Pajson Agro India IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | December 11, 2025 |
| IPO Close Date | December 15, 2025 |
| Face Value | ₹10 per share |
| IPO Price Band | ₹112 to ₹118 per share |
| Issue Size | Approx ₹74.45 crores |
| Fresh Issue | Approx ₹74.45 crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
| Allotment Date | December 16, 2025 |
| Refund Date | December 17, 2025 |
| Credit to Demat | December 17, 2025 |
| Listing Date | December 18, 2025 |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
| Anchor Investors List | View PDF |
Pajson Agro IPO
Open: 11-15 Dec 2025
Issue Size: ₹74.45 Cr.
Objective: To build a second cashew‑processing unit in Andhra Pradesh and support general operations.
Exchange: BSE SME
Pajson Agro IPO GMP Today
The grey market premium (GMP) for Pajson Agro India SME IPO is just beginning to gain attention. As of now, the GMP remains at ₹0, indicating that the market is still observing investor sentiment.
It is too early to predict the direction of the GMP or the listing gains. Analysts suggest that investors monitor the daily GMP trends, as this provides an early indication of market interest and potential listing performance.
The day-wise GMP trend shows no movement in the first two sessions. On December 5, 2025, the IPO price was set at ₹118 per share, and the GMP was ₹0, resulting in an estimated listing price of ₹118. The previous session on December 8 also showed no change, reflecting the cautious approach of grey market participants at this stage.
| Last Update | IPO Price | GMP Status | Estimated Listing Price | Estimated Profit |
|---|---|---|---|---|
| 08-12-2025 | ₹118 | ₹0 – No Change | ₹118 (0.00%) | ₹0 |
| 07-12-2025 | ₹118 | ₹0 – No Change | ₹118 (0.00%) | ₹0 |
| 06-12-2025 | ₹118 | ₹0 – No Change | ₹118 (0.00%) | ₹0 |
| 05-12-2025 | ₹118 | ₹0 – No Change | ₹118 (0.00%) | ₹0 |
| 04-12-2025 | ₹118 | ₹0 – No Change | ₹118 | ₹0 |
As an expert analysis, the early GMP suggests a neutral sentiment. Investors should consider this IPO for long-term potential rather than short-term speculative gains.
It is important to remember that GMP reflects grey market activity and does not guarantee listing performance. Monitoring updates in the coming days will provide a clearer picture of market interest and expected listing gains.
Pajson Agro IPO Review
Pajson Agro IPO is an SME issue with a price band of ₹112-118 per share. The company has shown impressive growth, with revenue jumping from ₹96.04 crores in FY2024 to ₹187.28 crores in FY2025, and profit rising from ₹3.35 crores to ₹20.42 crores.
The IPO proceeds will fund the expansion of a new cashew processing facility, strengthening production capacity. With strong promoter backing, healthy margins, and a well-structured allocation for retail, HNI, and QIB investors, the IPO is suited for long-term investors seeking growth in the agro-processing sector.
Pajson Agro IPO Market Lot
| Application Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,400 | ₹2,83,200 |
| Retail Maximum | 2 | 2,400 | ₹2,83,200 |
| S-HNI Minimum | 3 | 3,600 | ₹4,24,800 |
| S-HNI Maximum | 7 | 8,400 | ₹9,91,200 |
| B-HNI Minimum | 8 | 9,600 | ₹11,32,800 |
IPO Reservation
| Investor Category | Shares Offered | % of Shares |
|---|---|---|
| Anchor Investor | 17,72,400 | 28.09% |
| QIB (Ex. Anchor) | 11,82,000 | 18.73% |
| NII Shares Offered | 9,00,000 | 14.26% |
| Retail Shares Offered | 20,97,600 | 33.24% |
Anchor Investor Bidding Date: December 10, 2025
Lock-in Period: 50% shares till January 15, 2026; remaining 50% till March 16, 2026
- Also Read: Aequs IPO: Apply or Avoid?
Promoters and Holding Pattern
The promoters of Pajson Agro India are Aayush Jain, Anjali Jain, and Pulkit Jain.
| Particulars | Shares | % Holding |
|---|---|---|
| Promoter Holding Pre-Issue | 1,74,99,995 | 85% |
| Promoter Holding Post-Issue | 2,38,09,595 | 62.47% |
Objects of the Issue
The proceeds from the IPO will primarily be used to fund capital expenditure for establishing a second cashew processing facility at Vizianagaram, Andhra Pradesh, with an allocation of ₹57 crores.
The remaining funds will be used for general corporate purposes, supporting operational expansion and strengthening the company’s balance sheet.
About Pajson Agro India Company
Pajson Agro India Ltd. is a growing player in the agro-processing sector, primarily engaged in cashew processing and related food products. The company focuses on delivering high-quality products while expanding its processing capabilities to meet increasing domestic and international demand.
With a strong emphasis on operational efficiency and quality control, Pajson Agro has shown significant revenue and profit growth over the past few years.
The company aims to leverage the proceeds from its IPO to set up a second processing facility in Vizianagaram, Andhra Pradesh, further strengthening its market presence and production capacity.
Pajson Agro India Financial Summary
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2023 | 101.13 | 101.11 | 0.02 | 50.17 |
| 2024 | 96.04 | 91.41 | 3.35 | 55.39 |
| 2025 | 187.28 | 159.95 | 20.42 | 65.73 |
| Sep 2025 | 118.37 | 99.35 | 14.20 | 151.63 |
Key Financial Ratios FY2025
| KPI | Value |
|---|---|
| ROE | 60.05% |
| ROCE | 48.21% |
| EBITDA Margin | 16.16% |
| PAT Margin | 10.90% |
| Debt to Equity | 0.33 |
| EPS (Basic) | ₹11.67 |
| NAV | ₹25.26 |
| RoNW | 46.18% |
Peer Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Revenue (₹ Cr) |
|---|---|---|---|---|---|
| Krishival Foods Limited | 6.08 | 78.39 | 9.56% | 63.55 | 202.23 |
| Prospect Consumer Products | 4.19 | 17.00 | 8.95% | 44.98 | 30.99 |
| Aelea Commodities Limited | 0.57 | 292.98 | 1.13% | 50.21 | 182.14 |
Company Address
| Particulars | Details |
|---|---|
| Name | Pajson Agro India Ltd. |
| Address | 510, 5th Floor, Pearl Omaxe Tower, Netaji Subhash Place, Pitampura, Shakur Pur I Block, North West Delhi, Delhi, 110034 |
| Phone | 011-43026646 |
| investor@pajsonagro.com | |
| Website | http://www.pajsonagro.com/ |
IPO Registrar:
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Pajson Agro IPO FAQs
What is Pajson Agro India IPO?
Pajson Agro India IPO is an SME IPO. The company plans to raise ₹74.45 crores through this issue. The IPO is priced between ₹112 and ₹118 per equity share and will be listed on the BSE SME platform.
When will Pajson Agro India IPO open for subscription?
The IPO opens on December 11, 2025, for QIB, NII, and Retail investors. It will close on December 15, 2025.
What is the investors’ portion in the IPO?
The IPO allocation is divided as follows: QIB – 50%, NII – 15%, and Retail – 35%.
How can I apply for Pajson Agro India IPO?
Investors can apply online via ASBA through their bank account or via UPI through their stock brokers. Offline applications are also accepted through stock brokers by filling the IPO application form.
What is the issue size of Pajson Agro India IPO?
The total issue size is ₹74.45 crores, fully comprising a fresh issue.
What is the price band of the IPO?
The IPO price band is fixed between ₹112 and ₹118 per share.
What is the minimum lot size for application?
The minimum bid is 2,400 shares, which amounts to ₹2,83,200 at the upper price band.
When is the allotment date for the IPO?
The allotment will be finalized on December 16, 2025.
When will the IPO be listed?
The IPO is expected to list on the BSE SME on December 18, 2025.
Expert Comment
Pajson Agro India IPO demonstrates robust financial growth with revenue and profit showing a clear upward trend. The IPO price band is reasonably set, and strong promoter holding adds confidence.
Investors looking for long-term gains in the SME sector may consider applying, especially given the planned expansion and healthy margins.
