{"id":15769,"date":"2025-12-09T17:36:38","date_gmt":"2025-12-09T12:06:38","guid":{"rendered":"https:\/\/www.torusdigital.com\/toruscope\/?p=15769"},"modified":"2025-12-09T17:36:38","modified_gmt":"2025-12-09T12:06:38","slug":"pajson-agro-india-ipo-opens-key-details-investors-should-not-miss","status":"publish","type":"post","link":"https:\/\/www.torusdigital.com\/toruscope\/news\/pajson-agro-india-ipo-opens-key-details-investors-should-not-miss\/","title":{"rendered":"Pajson Agro India IPO Opens: Key Details Investors Shouldn\u2019t Miss"},"content":{"rendered":"

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India\u2019s SME IPO market continues to gather momentum in late 2025, supported by strong investor appetite and improved liquidity in broader markets. Sectors linked to food processing and consumer products have seen rising interest as investors seek opportunities in businesses with scalable models and growing domestic demand. Against this backdrop, Pajson Agro India Ltd is set to launch its IPO<\/a> on December 11, 2025, aiming to expand its processing capacity and strengthen its footprint in both domestic and international markets.<\/p>\n

Here is a detailed insight into Pajson Agro India, its IPO, and the industry outlook.<\/p>\n

<\/span>About Pajson Agro India Ltd.<\/strong><\/span><\/h2>\n

Incorporated in 2021, Pajson Agro India Ltd processes raw cashew nuts into cashew kernels and supplies them to both domestic and international markets. The company sells cashews in bulk and retail packs under its white-label brand Royal Mewa, while also monetizing by-products such as cashew shells and husk for industrial and agricultural use.<\/p>\n

The company operates across four sales channels:<\/p>\n

    \n
  1. Wholesale mandis<\/li>\n
  2. Institutional sales<\/li>\n
  3. Exports<\/li>\n
  4. B2C under the Royal Mewa brand<\/li>\n<\/ol>\n

    Pajson Agro India currently operates in 18 states and 3 Union Territories in India.<\/p>\n

    It owns a large cashew processing plant in Visakhapatnam, Anakapalli, Andhra Pradesh, spanning 295,990 square feet, with a processing capacity of 18,000 metric tonnes per annum. The facility handles the entire chain, including shelling, peeling, cleaning, grading, sorting, and packaging. As of July 31, 2025, the company has 465 permanent employees.<\/p>\n

    <\/span>Pajson Agro India IPO Details<\/strong><\/span><\/h2>\n

    The IPO is a book-built issue of \u20b974.45 crore, consisting entirely of a fresh issue of 63,09,600 equity shares.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    IPO Date<\/td>\nThu, Dec 11, 2025 to Mon, Dec 15, 2025<\/td>\n<\/tr>\n
    Face Value<\/td>\n\u20b910\u00a0per share<\/td>\n<\/tr>\n
    Price Band<\/td>\n\u20b9112 to \u20b9118 per share<\/td>\n<\/tr>\n
    Lot Size<\/td>\n1,200 Shares<\/td>\n<\/tr>\n
    Sale Type<\/td>\nFresh Capital<\/td>\n<\/tr>\n
    Issue Type<\/td>\nBookbuilding\u00a0IPO<\/td>\n<\/tr>\n
    Listing At<\/td>\nBSE SME<\/td>\n<\/tr>\n
    Total Issue Size<\/td>\n63,09,600\u00a0shares
    \n(aggregating up to \u20b974.45\u00a0Cr)<\/td>\n<\/tr>\n
    Reserved for\u00a0Market Maker<\/td>\n3,57,600\u00a0shares
    \n(aggregating up to \u20b94.22\u00a0Cr)<\/p>\n

    Giriraj Stock Broking Pvt.Ltd.<\/td>\n<\/tr>\n

    Net Offered to Public<\/td>\n59,52,000\u00a0shares
    \n(aggregating up to \u20b970.23\u00a0Cr)<\/td>\n<\/tr>\n
    Share Holding Pre Issue<\/td>\n1,74,99,995\u00a0shares<\/td>\n<\/tr>\n
    Share Holding Post Issue<\/td>\n2,38,09,595\u00a0shares<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Smart Horizon Capital Advisors Pvt. Ltd. is the book-running lead manager, and Bigshare Services Pvt. Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt. Ltd.<\/p>\n

    <\/span>Important IPO Timeline<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
    Event<\/strong><\/td>\nDate<\/strong><\/td>\n<\/tr>\n<\/thead>\n
    IPO Open Date<\/strong><\/td>\nDec 11, 2025<\/td>\n<\/tr>\n
    IPO Close Date<\/strong><\/td>\nDec 15, 2025<\/td>\n<\/tr>\n
    Allotment Date (Tentative)<\/strong><\/td>\nDec 16, 2025<\/td>\n<\/tr>\n
    Initiation of Refunds<\/strong><\/td>\nDec 17, 2025<\/td>\n<\/tr>\n
    Credit of Shares to Demat<\/strong><\/td>\nDec 17, 2025<\/td>\n<\/tr>\n
    Listing Date (Tentative)<\/strong><\/td>\nDec 18, 2025<\/td>\n<\/tr>\n
    UPI Mandate Cut-off Time<\/strong><\/td>\n5 PM on Dec 15, 2025<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    <\/span>Pajson Agro India IPO Reservation<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n
    Investor Category<\/strong><\/td>\nShares Offered<\/strong><\/td>\n<\/tr>\n<\/thead>\n
    Market Maker<\/td>\n3,57,600 (5.67%)<\/td>\n<\/tr>\n
    QIB<\/td>\n29,54,400 (46.82%)<\/td>\n<\/tr>\n
    NII (HNI)<\/td>\n9,00,000 (14.26%)<\/td>\n<\/tr>\n
    Retail<\/td>\n20,97,600 (33.24%)<\/td>\n<\/tr>\n
    Total<\/td>\n63,09,600 (100%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    <\/span>Pajson Agro India IPO Lot Size<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n
    Application<\/strong><\/td>\nLots<\/strong><\/td>\nShares<\/strong><\/td>\nAmount<\/strong><\/td>\n<\/tr>\n<\/thead>\n
    Retail (Min)<\/td>\n2<\/td>\n2,400<\/td>\n\u20b92,83,200<\/td>\n<\/tr>\n
    Retail (Max)<\/td>\n2<\/td>\n2,400<\/td>\n\u20b92,83,200<\/td>\n<\/tr>\n
    S-HNI (Min)<\/td>\n3<\/td>\n3,600<\/td>\n\u20b94,24,800<\/td>\n<\/tr>\n
    S-HNI (Max)<\/td>\n7<\/td>\n8,400<\/td>\n\u20b99,91,200<\/td>\n<\/tr>\n
    B-HNI (Min)<\/td>\n8<\/td>\n9,600<\/td>\n\u20b911,32,800<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    <\/span>Pajson Agro India Financials<\/strong><\/span><\/h2>\n

    Pajson Agro India has shown strong financial performance with rapid growth in revenue and profitability. Revenue grew by 95%, while profit after tax increased by 509% between FY 2024 and FY 2025.<\/p>\n

    <\/span>Key Company Financials (\u20b9 Cr)<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
    Period Ended<\/strong><\/td>\n30 Sep 2025<\/strong><\/td>\n31 Mar 2025<\/strong><\/td>\n31 Mar 2024<\/strong><\/td>\n31 Mar 2023<\/strong><\/td>\n<\/tr>\n<\/thead>\n
    Assets<\/td>\n151.63<\/td>\n65.73<\/td>\n55.39<\/td>\n50.17<\/td>\n<\/tr>\n
    Total Income<\/td>\n118.37<\/td>\n187.28<\/td>\n96.04<\/td>\n101.13<\/td>\n<\/tr>\n
    Profit After Tax<\/td>\n14.20<\/td>\n20.42<\/td>\n3.35<\/td>\n0.02<\/td>\n<\/tr>\n
    EBITDA<\/td>\n21.07<\/td>\n30.27<\/td>\n5.74<\/td>\n1.10<\/td>\n<\/tr>\n
    Net Worth<\/td>\n58.40<\/td>\n44.21<\/td>\n23.79<\/td>\n20.44<\/td>\n<\/tr>\n
    Reserves & Surplus<\/td>\n40.90<\/td>\n40.71<\/td>\n20.29<\/td>\n16.94<\/td>\n<\/tr>\n
    Total Borrowing<\/td>\n40.04<\/td>\n14.57<\/td>\n14.57<\/td>\n0.00<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    <\/span>Key Performance Indicators (KPI)<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n
    KPI<\/strong><\/td>\nValue<\/strong><\/td>\n<\/tr>\n<\/thead>\n
    ROE<\/td>\n60.05%<\/td>\n<\/tr>\n
    ROCE<\/td>\n48.21%<\/td>\n<\/tr>\n
    Debt\/Equity<\/td>\n0.33<\/td>\n<\/tr>\n
    RoNW<\/td>\n46.18%<\/td>\n<\/tr>\n
    PAT Margin<\/td>\n10.90%<\/td>\n<\/tr>\n
    EBITDA Margin<\/td>\n16.16%<\/td>\n<\/tr>\n
    Price to Book Value<\/td>\n4.67<\/td>\n<\/tr>\n
    Market Cap (Pre-IPO)<\/td>\n\u20b9280.95 Cr<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    <\/span>Pre & Post IPO Metrics<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n
    Metric<\/strong><\/td>\nPre IPO<\/strong><\/td>\nPost IPO<\/strong><\/td>\n<\/tr>\n<\/thead>\n
    EPS (\u20b9)<\/td>\n11.67<\/td>\n11.92<\/td>\n<\/tr>\n
    P\/E (x)<\/td>\n10.11<\/td>\n9.90<\/td>\n<\/tr>\n
    Promoter Holding<\/td>\n85%<\/td>\n62.47%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    Promoters:<\/strong> Aayush Jain, Anjali Jain, and Pulkit Jain<\/p>\n

    <\/span>Pajson Agro India Ltd.: Industry Outlook<\/strong><\/span><\/h3>\n

    Cashew consumption in India and globally continues to grow due to rising demand for healthier snacking options and expansion in food processing industries. With increasing exports and premium retail demand, companies with large-scale processing capacity, diversified sales channels, and efficient procurement networks are well-positioned for growth.<\/p>\n

    Pajson Agro India benefits from:<\/p>\n