Pajson Agro India IPO Details
| IPO Open Date | December 11, 2025 |
| IPO Close Date | December 15, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹112 to ₹118 Per Share |
| Issue Size | Approx ₹74.45 Crores |
| Fresh Issue | Approx ₹74.45 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Pajson Agro India IPO Review & Key Points
- Review: Neutral
- Rating: 2
Pajson Agro IPO Market Lot
The Pajson Agro IPO minimum market lot is 2,400 shares with ₹2,83,200 application amount.
| Application | 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 | Share Offered | -% Shares |
| Anchor Investor | 17,72,400 Shares | 28.09% |
| QIB (Ex. Anchor) | 11,82,000 Shares | 18.73% |
| NII Shares Offered | 9,00,000 Shares | 14.26% |
| Retail Shares Offered | 20,97,600 Shares | 33.24% |
Pajson Agro India IPO Anchor Investors
| Anchor Bidding Date | December 10, 2025 |
| Anchor Investors List | |
| Shares Offered | 17,72,400 Shares |
| Anchor Size | 20.91 Cr. |
| lock-in period end date 50% shares (30 Days) | January 15, 2026 |
| lock-in period end date 50% shares (90 Days) | March 16, 2026 |
Pajson Agro India IPO Dates
The Pajson Agro India IPO date is December 11 and the close date is December 15. The Pajson Agro India IPO allotment will be finalized on December 16 and the IPO listing on December 18.
| IPO Open Date: | December 11, 2025 |
| IPO Close Date: | December 15, 2025 |
| Basis of Allotment: | December 16, 2025 |
| Refunds: | December 17, 2025 |
| Credit to Demat Account: | December 17, 2025 |
| IPO Listing Date: | December 18, 2025 |
| IPO Bidding Cut-off Time: | December 15, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Aayush Jain, Anjali Jain and Pulkit Jain.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,74,99,995 | 85% |
| Promoter Holding Post Issue | 2,38,09,595 | 62.47% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Capital Expenditure towards Establishment of a Second Cashew Processing Facility at Vizianagaram, Andhra Pradesh | ₹57.00 |
| General Corporate Purpose | ₹- |
About Pajson Agro India IPO
Incorporated in 2021, Pajson Agro India processes raw cashew nuts into cashew kernels and supplies them to both domestic and international markets. The company sells cashews in bulk as well as in retail packs under its white-label brand Royal Mewa, which caters to the dry fruits segment. It also sells by-products like cashew husk and shells for industrial and agricultural use.
Sales and Distribution:
Pajson Agro India sells through four main channels:
- Wholesale mandis (local markets)
- Institutional sales to retail chains, food brands, etc.
- Exports
- B2C sales through the Royal Mewa brand.
The company currently operates across 18 states and 3 Union Territories in India.
Pajson Agro India runs a large cashew processing plant in Visakhapatnam, Anakapalli, Andhra Pradesh, covering 295,990.20 sq. ft. with a processing capacity of 18,000 metric tonnes. It also has a dedicated packaging unit. The facility handles all major processing stages, including shelling, peeling, cleaning, grading, sorting, and other related operations.
Pajson Agro India IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 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 |
| September 2025 | ₹118.37 | ₹99.35 | ₹14.20 | ₹151.63 |
Pajson Agro India IPO Valuation – FY2025
Check Pajson Agro India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 60.05% |
| ROCE: | 48.21% |
| EBITDA Margin: | 16.16% |
| PAT Margin: | 10.90% |
| Debt to equity ratio: | 0.33 |
| Earning Per Share (EPS): | ₹11.67 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 46.18% |
| Net Asset Value (NAV): | ₹25.26 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Krishival Foods Limited | 6.08 | 78.39 | 9.56% | 63.55 | 202.23 Cr. |
| Prospect Consumer Products Limited | 4.19 | 17.00 | 8.95% | 44.98 | 30.99 Cr. |
| Aelea Commodities Limited | 0.57 | 292.98 | 1.13% | 50.21 | 182.14 Cr. |
IPO Lead Managers aka Merchant Bankers
- Smart Horizon Capital Advisors Pvt. Ltd.
Company Address
Pajson Agro India Ltd.
510, 5th Floor, Pearl Omaxe Tower
Netaji Subhash Place, Pitampura
Shakur Pur I Block, North West Delhi
Delhi, New Delhi, 110034
Phone: 011-43026646
Email: [email protected]
Website: http://www.pajsonagro.com/
IPO Registrar
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/IPO_Status.html
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