Pajson Agro India Limited
IPO Details
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Company Fin.
₹2(1.69%)
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Pajson Agro India Limited's successfully completed its Initial Public Offering and commenced trading on Dec 18, 2025 at the BSE exchange. The company raised 63,09,600 Shares through this public offering, comprising 63,09,600 Shares in fresh capital.
The IPO was priced within the band of ₹112 to ₹118, with minimum application lots of 1200 shares. The offering attracted significant investor interest during its subscription period from Dec 11, 2025 to Dec 15, 2025.
Share allotment was finalized on Dec 16, 2025, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2021, Pajson Agro India Limited processes raw cashew nuts into kernels and supplies them to both domestic and international markets, selling in bulk as well as retail under its white-label brand Royal Mewa, while also offering by-products like cashew husk and shells for industrial and agricultural use. The company operates through wholesale mandis, institutional sales to retail chains and food brands, exports, and its B2C brand presence across 18 states and 3 Union Territories in India. Its cashew processing plant is located in Anakapalli, Visakhapatnam, Andhra Pradesh, spanning over 295,990 square feet with a capacity of 18,000 MT per year, supported by a dedicated packaging unit and equipment for shelling, peeling, cleaning, grading, and sorting. As of July 31, 2025, the company has 465 permanent employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- In-House Packaging Unit: Operates its own packaging facility in Delhi for the “Royal Mewa” brand, ensuring efficiency, consistent quality, and better control over post-processing.
- Experienced Promoters: Led by promoters with 35+ years of experience in agri-commodities, sourcing, and distribution, supported by strong industry networks that help drive growth.
- Diversified Customer Base: Serves wholesale mandis, institutional buyers, and retail customers through “Royal Mewa,” providing stable revenue. Addition of kernel exports expands the business internationally.
- Limited Operating History: Started operations in 2021, making long-term performance and growth potential difficult to evaluate.
- Geographic Revenue Concentration: A large portion of revenue comes from Delhi, Andhra Pradesh, and Rajasthan. Any issues in these regions could impact overall financial performance.
- Single-Region Processing Dependence: All current and proposed processing units are in Andhra Pradesh. Any disruption—like equipment issues, power outages, natural disasters, or shutdowns—can significantly affect production and cash flows.
- Aayush Jain
- Anjali Jain
- Pulkit Jain
Pajson Agro India Limited
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