31 Mar 2023
Assets50.17
Total Income101.13
EBITDA1.10
Profit After Tax0.02
NET Worth20.44
Reserves and Surplus16.94
Total Borrowing0.00
At a glance
Updated 2026-09-10The shares listed at ₹124.00, a 5.08% move from the issue price. Pajson Agro India is a SME IPO with an issue size of ₹74.45 crore, proposed for listing on BSE SME. The offer opens on 11th Dec 2025 and closes on 15th Dec 2025. The issue structure includes a fresh issue of ₹70.23 crore. The current listing schedule points to 18th Dec 2025.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹74.45 Cr
Fresh issue₹70.23 Cr
Face value₹10
Price band₹112.00–₹118.00
Allotment16th Dec 2025
Listing18th Dec 2025
Listing performance
Full performance ↗Issue price₹118.00
Listing price₹124.00
Current price—
Listing gain5.08%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹6.00
GMP / upper price5.08%
Est. listing₹124.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens11th Dec 2025
Closes15th Dec 2025
Allotment16th Dec 2025
Refund17th Dec 2025
Demat17th Dec 2025
Listing18th Dec 2025
Subscription demand
Full bidding ↗QIB10.92×
sHNI5.14×
bHNI5.21×
NII / HNI5.21×
Retail3.85×
Total6.50×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2400 | ₹283,200 |
Company
Incorporated2021
Use of proceeds
| Object | Amount |
|---|---|
| Capital Expenditure towards Establishment of a Second Cashew Processing Facility at Vizianagaram, Andhra Pradesh | ₹57.00 Cr |
| General Corporate Purposes | ₹8.47 Cr |
| Issue Expenses | ₹8.98 Cr |
| Total | ₹74.45 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue118.37₹ Cr · -36.8% vs prior year
EBITDA21.07₹ Cr · -30.4% vs prior year
PAT14.20₹ Cr · -30.5% vs prior year
Assets151.63₹ Cr · +130.7% vs prior year
Net Worth58.40₹ Cr · +32.1% vs prior year
Borrowing40.04₹ Cr · +174.8% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets55.39
Total Income96.04
EBITDA5.74
Profit After Tax3.35
NET Worth23.79
Reserves and Surplus20.29
Total Borrowing14.57
31 Mar 2025
Assets65.73
Total Income187.28
EBITDA30.27
Profit After Tax20.42
NET Worth44.21
Reserves and Surplus40.71
Total Borrowing14.57
30 Sep 2025
Assets151.63
Total Income118.37
EBITDA21.07
Profit After Tax14.20
NET Worth58.40
Reserves and Surplus40.90
Total Borrowing40.04
KPIs
| KPI | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure towards Establishment of a Second Cashew Processing Facility at Vizianagaram, Andhra Pradesh | 57 |
| 2 | General Corporate Purposes | 8.47 |
| 3 | Issue Expenses | 8.98 |
| Total | 74.45 |
Valuation & shareholding
Pre-IPO EPS11.67
Post-IPO EPS11.92
Pre-IPO P/E10.11
Post-IPO P/E9.9
Promoter holding pre85%
Promoter holding post62.47%
Market cap₹280.95 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Pajson Agro India IPO | — | 9.90 x | — | — |
| Shri Ahimsa IPO | — | 14.25 x | — | — |
| Swasth Foodtech IPO | — | 15.05 x | — | — |
| Leo Dryfruits IPO | — | 14.02 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Capital Expenditure towards Establishment of a Second Cashew Processing Facility at Vizianagaram, Andhra Pradesh | ₹57.00 Cr |
| General Corporate Purposes | ₹8.47 Cr |
| Issue Expenses | ₹8.98 Cr |
| Total | ₹74.45 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Smart Horizon Capital Advisors...
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-10.
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