Pajson Agro IPO Date, Review, Price, Allotment Details
The Pajson Agro IPO is scheduled to open on December 11, 2025, and will close on December 15, 2025. This book-built issue aims to raise approximately ₹74.45 crore entirely through a fresh issue of equity shares, each with a face value of ₹10.
The IPO price band has been set between ₹112 and ₹118 per share. The issue allocation includes 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). The shares are expected to be listed on the BSE on December 18, 2025, while the allotment is likely to be finalized on December 16, 2025.
Financially, the company reported revenue of ₹187.28 crore in FY2025, up from ₹96.04 crore in FY2024. Net profit increased to ₹20.42 crore in FY2025 from ₹3.35 crore in the previous year. Based on its strong financial growth, the IPO may be considered suitable for long-term investors.
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 
Pajson Agro IPO Market Lot
The minimum market lot for the Pajson Agro IPO is 2,400 shares, requiring an application amount of ₹2,83,200.
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 will open on December 11 and close on December 15. The allotment is expected to be finalized on December 16, with the shares scheduled to list 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 Pajson Agro India 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 specializes in processing raw cashew nuts into premium cashew kernels for both domestic and international markets. The company offers cashews in bulk as well as in consumer-ready retail packs under its white-label brand, Royal Mewa, which serves the dry fruits segment. Additionally, it markets by-products such as cashew husk and shells for use in industrial and agricultural applications.
Sales and Distribution:
Pajson Agro India operates through four key channels:
Wholesale mandis (local agricultural markets)
Institutional sales to retail chains, food brands, and similar businesses
Export markets
B2C sales via the Royal Mewa brand
The company has a strong presence across 18 states and 3 Union Territories in India.
Pajson Agro India manages a large cashew processing facility in Visakhapatnam, Anakapalli, Andhra Pradesh, spanning 295,990.20 sq. ft. and equipped with a processing capacity of 18,000 metric tonnes. The plant includes a dedicated packaging unit and handles all major stages of cashew processing, such as shelling, peeling, cleaning, grading, sorting, and other essential 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: investor@pajsonagro.com
Website: http://www.pajsonagro.com/
IPO Registrar
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html