Pajson Agro India Limited IPO
Pajson Agro India Limited IPO
IPO Date :
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Pajson Agro India Limited's successfully completed its Initial Public Offering and commenced trading on 18-12-2025 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 11-12-2025 to 15-12-2025.
Share allotment was finalized on 16-12-2025, 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.
Pajson Agro IPO About Company
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."
Pajson Agro IPO Strength Factors
- 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.
Pajson Agro IPO Risk Factors
- 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.
Pajson Agro IPO Lead Manager(s)
- Smart Horizon Capital Advisors Private Limited
Pajson Agro IPO Promoter(s)
- Aayush Jain
- Anjali Jain
- Pulkit Jain
Pajson Agro IPO FAQs
Pajson Agro India Limited IPO subscribed 6.59 times. The public issue subscribed 3.85 times in the retail category,10.92times in QIB, and 8.32 times in the HNI (10+) category byDecember 18, 2025 4:17:32 AM (Day 18).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Pajson Agro IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Pajson Agro IPO FAQs
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