Papadmalji Agro Foods Limited
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The investment community is evaluating the IPO prospectus of Papadmalji Agro Foods Limited's, which outlines a total fundraising target of 28,03,200 Shares. This includes 25,72,800 Shares in new equity capital and ₹1.66 Cr in existing share sales, providing both growth capital and shareholder liquidity.
Investors can participate within the price bracket of ₹69 to ₹72, with applications starting from 1600 shares. The offering's structure reflects careful consideration of market appetite and valuation metrics.
The bidding process opens on Sep 29, 2026 and concludes on Oct 01, 2026. Allotment finalization is scheduled for Oct 05, 2026, leading to the stock's debut on the trading screens of NSE on Oct 07, 2026.
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."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
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- 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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