Papadmalji Agro Foods Limited
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The public market debut of Papadmalji Agro Foods Limited's was completed on Oct 07, 2026 with its listing on the NSE exchange. The IPO process raised 28,03,200 Shares in total capital, consisting of 25,72,800 Shares in new equity and ₹1.66 Cr in existing share sales through the OFS route.
The offering featured a price range of ₹69 to ₹72 and minimum application size of 1600 shares. Investor response during the subscription period from Sep 29, 2026 to Oct 01, 2026 influenced the final allotment ratios across investor categories.
Final allotment was announced on Oct 05, 2026, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
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.
Papadmalji Agro Foods Ltd, incorporated in 2017, is engaged in the processing and manufacturing of agro-based food products, with a focus on quality, hygiene and efficient production. The company sources agricultural raw materials and provides services such as food processing, grading, packaging, storage and distribution of processed and value-added food products to wholesalers, retailers and institutional buyers across regional markets. Along with its own manufacturing activities, the company also undertakes white-label manufacturing of handmade papads, where products are manufactured by the company and sold by clients under their own brand names and packaging according to their target markets. Papadmalji Agro Foods focuses on maintaining consistent product quality and supporting an efficient food supply chain while meeting applicable regulatory requirements. As of June 30, 2025, its distribution network included 68 distributors and 25 wholesalers, collectively supplying products to 5,965 retail outlets through the general trade channel.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Papad Product Portfolio: Papadmalji Agro Foods Limited manufactures a range of traditional food products, including handmade and machine-made papads, rice papads, vrat-special papads, and moongodi, serving varied consumer preferences.
- Hybrid Manufacturing Model: The company combines traditional hand-rolling through its Batara–Batari model with machine-based production, helping maintain product authenticity while supporting scalability, consistency, and hygiene.
- Wide Distribution Reach: Papadmalji products are distributed across multiple Indian states and union territories through wholesalers, modern trade, quick-commerce platforms, and its D2C channel, with exports to the Middle East.
- Raw Material Price Fluctuation: The company depends on pulses, spices, flour, packaging materials, and other food inputs. Changes in their prices or availability could increase production costs and affect margins.
- Consumer Demand & Food Trends: Demand for packaged papads and traditional food products can be influenced by consumer preferences, purchasing power, seasonality, and changing eating habits, which may impact sales.
- Competition in Packaged Foods: The company competes with established food brands, regional manufacturers, local producers, and other packaged-food businesses, which may create pricing pressure and increase the need for marketing and distribution investment.
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Papadmalji Agro Foods Limited
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