Pajson Agro India IPO: GMP, Price, Analysis, and Allotment

Pajson Agro India IPO- Company Analysis 

Pajson Agro India IPO under the SME IPO category is a book build issue of Rs. 74.45 Cr by Pajson Agro India Limited and produces cashew kernels from raw cashew nuts and distributes them to both domestic and foreign markets. Under its white-label brand Royal Mewa (dry fruits section), the company sells both in bulk and retail packaging. Additionally, it offers cashew husk and shells as byproducts for use in agriculture and industry.

Sales and Distribution Channels: Wholesale Mandis (local marketplaces), Institutional Sales (to food companies, retail chains, etc.), Exports and B2C/Royal Mewa brand.

Pajson Agro India IPO Details

The Pajson Agro India IPO date of opening is 11 December 2025, its initial public offering will end on 15 Dec, IPO allotment on Dec 16 and refund initiation on Dec 17, 2025.

The Rs. 74.45 crore new SME IPO comprises a wholly fresh issue of 0.63 crore shares.

The Pajson Agro India IPO listing date (expected) might be on Thursday, Dec 18, 2025, and listing at the BSE and SME. 

The Pajson Agro India IPO price band is Rs. 112 to Rs. 118.

 

 

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Dec 11, 2025
IPO Closing Date	Dec 15, 2025
IPO Allotment Date	Dec 16, 2025
Refund Initiation	Dec 17, 2025
IPO Listing Date	Dec 18, 2025

 

Click to open demat account and apply for the IPO.

Company Financials 

(Amount in Cr)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	65.73	55.39	50.17
Total Income	187.28	96.04	101.13
PAT	20.42	3.35	0.02
EBITDA	30.27	5.74	1.10
Net Worth	44.21	23.79	20.44
Reserves & Surplus	40.71	20.29	16.94
Total Borrowing	14.57	14.57	0.00

 

Cash Flows

(Amount in lac)

Net Cash Flow	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	1,612.78	(894.98)	1,163.58
Net Cash Flow Investing Activities	(1,001.05)	(552.82)	(68.44)
Net Cash Flow Financing Activities	(155.53)	1,442.63	(1,057.77)

 

Revenue Bifurcation

(Rs. in Lac)

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Capital expenditures for the construction of a second cashew processing facility in AP. ~ Rs. 57 Cr.
• General corporate purposes. 

Listed Peers of Pajson Agro India Ltd. 

Company Name	Face Value (Rs. )	EPS (Rs. )	P/E Ratio (x)
Krishival Foods Limited	10	6.08	78.39
Prospect Consumer Products Limited	10	4.19	17.00
Aelea Commodities Limited	10	0.57	292.98

 

Valuation

KPI	Value
ROE	60.05%
ROCE	48.21%
Debt/Equity	0.33
RoNW	46.18%
PAT Margin	10.90%
EBITDA Margin	16.16%
Price to Book Value	4.67

 

Evaluation of P/E Ratio

Considering the period ended on FY 2025 with an EPS of Rs. 11.67 from the last year, the resulting P/E ratio is 10.11x.

Explore the Luxury Time IPO.

IPO's Strengths 

• A processing facility with modern equipment at a strategic location.
•  internal packaging facility.
•  Making use of our promoters' networks and experience.
•  Effective purchasing and management of raw materials.
•  A wide range of clientele.

 

 

IPO’s Weaknesses 

• Evaluating its business and future prospects is challenging due to its limited operating history.
• Changes in exchange rates could have a negative impact on the company.
• Import restrictions could have a negative effect on the company's cash flows.

Pajson Agro India IPO GMP (Grey Market Premium)

Pajson Agro India IPO GMP today is Rs. 0 as of 09 Dec 2025 while writing this information. with a price set at Rs. 118. This suggests that the estimated listing price of the IPO could be around Rs. 118, indicating a gain/loss of 0%.

Pajson Agro India IPO Summary

IPO Opening & Closing Date	11 Dec, 2025 to 15 Dec, 2025
Face Value	Rs. 10 per Share
Issue Price	112 to Rs. 118 per Share.
Lot Size	1200 Shares
Issue Size	63,09,600 Shares (Rs. 74.45 Cr)
Offer for Sale	-
Fresh Issue	63,09,600 Shares (Rs. 74.45 Cr)
Listing at	BSE, SME
Issue Type	Book build issue IPO
Registrar	Bigshare Services Pvt. Ltd.

IPO Lot Details 

Retail investors can invest in a minimum of 2 Lots (2400 Shares) for Rs. 2,83,200, and in multiples thereof, while S-HNI investors can invest in a minimum of 3 Lots (3600 Shares) for Rs. 4,24,800.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

Pajson Agro India IPO Allotment Status

To check the Pajson Agro India IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Pajson Agro India Ltd.

• Aayush Jain
• Anjali Jain
• Pulkit Jain.

Pre-Issue Promoter Shareholding	85%
Post-Issue Promoter Shareholding	62.47%

 

IPO Lead Managers

• Smart Horizon Capital Advisors Pvt. Ltd.
  
  

Dividend Policy

The company has not paid a dividend during the last three financial years.

 

 

Conclusion

With solid FY25 profitability figures, the Pajson Agro India IPO gives investors access to the expanding packaged dry fruit and cashew processing sector in India. However, before investing, one must take into account the company's brief operating experience and currency-related risks. 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company, Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.