Incorporated in 2021, Pajson Agro India Ltd. processes raw cashew nuts into cashew kernels for domestic and international markets and sells retail packs under brand ‘Royal Mewa’. The company operates an 18,000 MTPA cashew processing plant and a packaging unit at Visakhapatnam (Anakapalli) and distributes across multiple states via wholesale, institutional and B2C channels. As of Jul 31, 2025, it employs ~465 permanent staff.
Pajson Agro India IPO
| Face Value | ₹10 per share |
|---|---|
| Issue Type | Book-building (Fresh Issue) |
| Total Shares Offered | 63,09,600 shares (Fresh issue) |
| Market Maker | Giriraj Stock Broking Pvt. Ltd. (Reserved 3,57,600 shares) |
| Net Offered to Public | 59,52,000 shares (≈₹70.23 Cr at upper band) |
| Registrar | Bigshare Services Pvt. Ltd. |
| Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 3,57,600 | 5.67% |
| QIB | 29,54,400 | 46.82% |
| NII (HNI) | 9,00,000 | 14.26% |
| Retail (RII) | 20,97,600 | 33.24% |
Anchor portion: 17,72,400 shares (Anchor allocation). Check RHP for anchor bid date and lock-in details.
| IPO Open Date | Thu, Dec 11, 2025 |
|---|---|
| IPO Close Date | Mon, Dec 15, 2025 |
| Tentative Allotment | Tue, Dec 16, 2025 |
| Initiation of Refunds | Wed, Dec 17, 2025 |
| Credit to Demat | Wed, Dec 17, 2025 |
| Tentative Listing Date | Thu, Dec 18, 2025 |
| UPI Mandate Cut-off | 5 PM on Mon, Dec 15, 2025 |
| Application Type | Lots | Shares | Amount (₹) — at ₹118 |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,83,200 |
| Retail (Max) | 2 | 2,400 | ₹2,83,200 |
| S-HNI (Min) | 3 | 3,600 | ₹4,24,800 |
| S-HNI (Max) | 7 | 8,400 | ₹9,91,200 |
| B-HNI (Min) | 8 | 9,600 | ₹11,32,800 |
Retail bidding limit = ₹2 Lakh per application (see RHP for category-wise bidding rules and cut-offs).
Incorporated in 2021, Pajson Agro India Ltd. processes raw cashew nuts into cashew kernels for domestic and international markets and sells retail packs under brand ‘Royal Mewa’. The company operates an 18,000 MTPA cashew processing plant and a packaging unit at Visakhapatnam (Anakapalli) and distributes across multiple states via wholesale, institutional and B2C channels. As of Jul 31, 2025, it employs ~465 permanent staff.
| Period | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 151.63 | 65.73 | 55.39 |
| Total Income | 118.37 | 187.28 | 96.04 |
| Profit After Tax | 14.20 | 20.42 | 3.35 |
| EBITDA | 21.07 | 30.27 | 5.74 |
| Net Worth | 58.40 | 44.21 | 23.79 |
| Total Borrowing | 40.04 | 14.57 | 14.57 |
| Pre IPO EPS | ₹11.67 |
|---|---|
| Post IPO EPS | ₹11.92 |
| Pre IPO P/E | 10.11x |
| Post IPO P/E | 9.9x |
| Price to Book Value | 4.67x |
All figures restated as per RHP/DRHP. Read the full prospectus for accounting notes and adjustments.
| S.No | Purpose | Amount (₹ Crore) |
|---|---|---|
| 1 | Capital expenditure for second cashew processing facility at Vizianagaram, Andhra Pradesh | 57.00 |
| 2 | General Corporate Purpose | – |
Pajson Agro India Ltd.
(Company contact per RHP)
Website: (see RHP / company site)
Registrar: Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200 | Email: ipo@bigshareonline.com | https://ipo.bigshareonline.com/IPO_Status.html
Observations: Pajson Agro shows strong recent revenue and PAT growth driven by cashew processing expansion. Major portion of proceeds funds a second processing facility — capital intensive and growth-oriented. Consider operational execution risk, seasonal raw material pricing and working capital needs before subscribing.
This is informational only — not investment advice. Consult a financial advisor before investing.