
Agriculture / Agribusiness · BSE
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.
Price Band
₹112 – ₹118
Issue Size
₹74.45 Cr
Lot Size
1200 shares
GMP
+1.7%
Est. Listing
₹120
at current GMP
Subscribed
6.59x
overall
Open
11 Dec 2025
Close
15 Dec 2025
Allotment
16 Dec 2025
Refund
17 Dec 2025
Demat Credit
18 Dec 2025
Listing
18 Dec 2025
Overall Subscription
6.59x
Total Demand
QIB Multiplier
10.92x
Institutions & Funds
NII / HNI
7.26x
High Net-Worth
Retail (RII)
3.85x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,182,000 | 12,907,200 | 10.92x |
| NIB | 900,000 | 6,535,200 | 7.26x |
| HNIs(10L +) | 600,000 | 4,993,200 | 8.32x |
| HNIs (2-10L) | 300,000 | 1,542,000 | 5.14x |
| RETAIL | 2,097,600 | 8,085,600 | 3.85x |
| Total | 5,079,600 | 34,063,200 | 6.59x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 10 | 0.00x |
| NIB | — | 846 | 0.00x |
| RETAIL | 874 | 3,369 | 3.85x |
| HNIs(10L +) | 167 | 434 | 2.60x |
| HNIs (2-10L) | 83 | 412 | 4.96x |
| Total Applications | 1,124 | 5,071 | 4.51x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Pajson Agro India Limited is bringing an initial public offering (IPO) in the Agriculture / Agribusiness sector with an aggregate issue size of ₹74.45 Crores. The shares are offered at a price band of ₹112 to ₹118 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-12-15, the basis of allotment is scheduled to be finalized on 2025-12-16. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
The latest Grey Market Premium (GMP) for Pajson Agro India Limited IPO is ₹2 per equity share. Based on the upper price band of ₹112 to ₹118 per equity share, the estimated listing price is ₹120 (+1.7% expected listing gain).
With a lot size of 1200 shares and current GMP of ₹2, the expected profit per application lot is approx ₹2,400 (+1.7% gain). Minimum application cost is approx ₹1,41,600.
The Pajson Agro India Limited IPO aggregate issue size is ₹74.45 Crores with an equity price band set at ₹112 to ₹118 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,41,600.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 6.59x (Retail: 3.85x, QIB: 10.92x, NII: 7.26x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2025-12-16. Investors can verify status using PAN card or application number.
Pajson Agro India Limited shares are scheduled to list on BSE on 2025-12-18.