Minimum Investment
About Company
Company Name: Pajson Agro India Limited
Industry / Sector: Agro Processing / Food Products
Founded Year: 2021
Promoters: Pulkit Jain, Aayush Jain, Anjali Jain
Pajson Agro India Limited operates in the agro-processing industry and primarily focuses on processing raw cashew nuts into cashew kernels. The company supplies cashew products to domestic as well as international markets and also sells cashew by-products such as shells and husk used in various industrial and agricultural applications.
IPO Basic Details
| Company Name | Pajson Agro India Limited |
| IPO Type | SME IPO |
| Price Band | ₹112 – ₹118 |
| Lot Size | 1200 |
| Total Issue Size | ₹74.45 Cr |
IPO Strengths & Risks
Strengths
- Integrated cashew processing operations
- Strong distribution network in domestic and export markets
- Experienced promoter group with agro-commodity experience
- Growing demand for processed cashew products
Risks
- Dependence on raw cashew nut supply
- Commodity price volatility
- Working capital intensive operations
- Competition from large food processing companies
IPO Important Dates
| IPO Open Date | 11 Dec 2025 |
| IPO Close Date | 15 Dec 2025 |
| Basis of Allotment | 16 Dec 2025 |
| Refund Initiation | 17 Dec 2025 |
| Demat Credit Date | 17 Dec 2025 |
| Listing Date | 18 Dec 2025 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | 15 Dec 2025 |
IPO Objectives
- Capital expenditure for machinery and equipment – Capital expenditure for setting up a second cashew processing facility in Vizianagaram, Andhra Pradesh
- Funding working capital requirements – N/A
- Debt repayment – N/A
- General corporate purposes – Balance of issue proceeds
Investor Reservation
| QIB Quota | 46.82% |
| Retail Quota | 33.24% |
| HNI Quota | 14.26% |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 lots | 2400 | ₹2,83,200 |
| Retail Maximum | 2 lots | 2400 | ₹2,83,200 |
| S-HNI Minimum | 3 lots | 3600 | ₹4,24,800 |
| S-HNI Maximum | 7 lots | 8400 | ₹9,91,200 |
| B-HNI Minimum | 8 lots | 9600 | ₹11,32,800 |
Key Performance Indicators (KPI)
| ROE | 60.05% |
| ROCE | 48.21% |
| RoNW | 46.18% |
| PAT Margin | 10.90% |
| EBITDA Margin | 16.16% |
| EPS | ₹11.67 (Pre-IPO) / ₹11.92 (Post-IPO) |
| NAV per share | ₹25.26 |
| Debt to Equity | 0.33 |
| P/E Ratio | 9.90x |
| Industry P/E | 18x |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 31 Mar 2023 | ₹50 Cr | ₹101 Cr | ₹0.2 Cr | ₹5.3 Cr | ₹20.44 Cr | ₹0 Cr |
| 31 Mar 2024 | ₹55 Cr | ₹96 Cr | ₹3 Cr | ₹8 Cr | ₹23.79 Cr | ₹14.57 Cr |
| 31 Mar 2025 | ₹66 Cr | ₹187 Cr | ₹20 Cr | ₹30 Cr | ₹44.21 Cr | ₹14.57 Cr |
| 30 Sep 2025 | ₹152 Cr | ₹118 Cr | ₹14 Cr | ₹22 Cr | ₹58.40 Cr | ₹40.04 Cr |
Grey Market Premium
| GMP Price | ₹6 |
| Kostak Rate | N/A |
| Subject to Sauda | N/A |
| Last Updated | Dec 2025 |
| Estimated Listing Price | ₹124 |
IPO Subscription Data
| Total Subscription | 6.04x |
| QIB (Ex Anchor) | 10.92x |
| HNI Subscription | 5.19x |
| Retail Subscription | 3.80x |
| Anchor | - |
IPO Intermediaries
Registrar: Bigshare Services Pvt Ltd
Registrar Website: https://www.bigshareonline.com
IPO Lead Manager(s)
Company Information
Address: Pearl Omaxe Tower, Netaji Subhash Place, Pitampura, New Delhi, India
Website: https://www.pajsonagro.com
Email: investor@pajsonagro.com
Phone: +91-11-43026646
IPO Documents
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