IPO Analysis > Pajson Agro India IPO
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Pajson Agro India IPO Opens On 11 ... 

Find out if Pajson Agro's IPO is worth applying for. 


Cashew farming in India is spread across about 0.7 million hectares of land, and the country produces more than 0.8 million tonnes of cashews every year. This makes India one of the major cashew growers in the world. Pajson Agro Limited has been in this space and will make its debut soon. 

Smart Horizon Capital Advisors will manage the issue, while Bigshare Services will register it. Please remember to view the Pajson Agro IPO allotment status.


Analyse the IPO through Pajson Agro India Limited's DRHP and RHP.


Note: 50% of shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.

Pajson Agro India Limited: Understanding the Company Profile 


Particulars

Descriptions

Headquarters

Delhi 

Business 

Processing of raw cashew nuts

Competitors 

Krishival Foods, Prospect Consumer Products, and Aelea Commodities

Promoters 

Anjali Jain, Aayush Jain, and Pulkit Jain


Pajson Agro Limited IPO Details

Get a better Pajson Agro India Limited review through the details mentioned below: 

  • Pajson Agro IPO Date


Event Description

Date

Opening of IPO bidding

Thurs, Dec 11, 2025

Closing of IPO bidding

Mon, Dec 15, 2025

Last time to approve the UPI mandate

5 PM on Mon, Dec 15, 2025

Provisional allotment announcement

Tue, Dec 16, 2025

Refund initiation for non-allottees

Wed, Dec 17, 2025

Shares in the Demat account

Wed, Dec 17, 2025

Expected listing on the stock exchange

Thurs, Dec 18, 2025


  • Pajson Agro IPO Size


Particulars

Shares

Aggregate Value 

Fresh Issue 

6,309,600

₹74.45 Crore

Offer for Sale

NA

NA

Overall Issue 

6,309,600

₹74.45 Crore


  • Pajson Agro IPO: Objective 


Particulars

Amount (₹ in Lakhs)

Capital Expenditure to set up a Second Cashew Processing Facility 

5,700.00

General corporate needs 

Undisclosed 

Total

Undisclosed



  • Pajson Agro India Limited Share Price And Other Takeaways


Particulars

Description

Face value (₹)

10

Price Range (₹)

₹112 - ₹118 

Lot size (shares)

1200

Listed At 

BSE SME


  • Investors Categorisation


Investor Category

Shares Offered

Market Maker Shares Offered

357,600 (5.67%)

QIB Shares Offered

2,954,400 (46.82%)

NII (HNI) Shares Offered

900,000 (14.26%)

Retail Shares Offered

2,097,600 (33.24%)

Total Shares Offered

6,309,600 (100.00%)


  • Anchor Investor


Details

Information

Anchor Investor Bid Date

December 10, 2025

Total Shares Allotted to Anchors

1,772,400

Anchor Investment Amount (₹ Cr)

20.91

Lock-in End Date for 50% Allocation (30 Days)

January 15, 2026

Lock-in End Date for Remaining Allocation (90 Days)

March 16, 2026

Terms of Payment  

Full Payment on Bid


Pajson Agro: Key Financials 


Particulars

Sept 30, 2025

2025

2024

2023

Equity Share Capital (₹ in lakhs)

1,750.00

350.00

350.00

350.00

Net Worth (₹ in lakhs)

5,840.49

4,420.90

2,379.18

2,043.87

Total Revenue (₹ in lakhs)

11,837.30

18,727.94

9,603.71

10,113.19

Profit After Tax (₹ in lakhs)

1,419.59

2,041.72

335.31

1.67

Earnings per Share (Basic & Diluted) (₹) (Post Bonus) 

8.11

11.67

1.92

0.01

NAV (₹) (Post Bonus) 

33.37

25.26

13.60

11.68

Total Borrowings (₹ in lakhs)

4,003.94

1,457.01

1,457.39

Nil


Strengths and Risks

The important risks and strengths of Pajson Agro Limited are mentioned below:

Strengths 

  • Strong Relationship with Group Suppliers: Long-standing procurement ties with group companies ensure consistent raw cashew availability.

  • Improving Profitability Trend: Despite fluctuations, PAT margins have steadily improved in recent periods, reflecting better efficiency, stronger operations, and healthier financial performance.

  • Growing Customer Base and Repeat Business: A large portion of revenue comes from repeat buyers, showing customer trust, product acceptance, and stable demand across key markets.

  • Established Presence in Key High-Demand Regions: The company enjoys strong market presence in major consumption regions like Delhi, Andhra Pradesh, and Rajasthan, supporting sustained sales momentum.


Risks


  • Companies for Raw Cashews: A major share of raw cashew procurement comes from two Dubai-based group entities. Any disruption can immediately impact supply, production, and profitability.

  • Highly Fluctuating Profit Margins: PAT margins have swung sharply year to year, creating uncertainty about financial stability.

  • High Customer Concentration Without Written Contracts: A significant portion of revenue depends on top customers, with no formal agreements. Losing any major buyer can seriously affect business continuity.

  • Geographic and Facility Concentration Risks: Revenue relies heavily on a few regions, and all processing units are in Andhra Pradesh. Any regional disruption may halt operations and cash flows.

Should You Apply for the Pajson Agro IPO?


As of December 5, 2025, the Pajson Agro IPO GMP has not been disclosed. You can view the IPO's live GMP and the subscription status. Also, check the Pajson Agro Limited DRHP and RHP before you click on the Apply Now button.

FAQs

1. How is the Pajson Agro IPO review?

Pajson Agro does the processing of raw cashew nuts. The total IPO size is ₹74.45 Crore, and the listing date is 18 December 2025. For the latest details, you can also look for the GMP updates

2. What is the Pajson Agro IPO date?

The IPO opening is 11 December 2025, and the closing date is 15 December 2025. Live subscription details can be monitored through FinnPick. 

3. What is the Pajson Agro IPO price? 

The Pajson Agro IPO price is ₹112-₹118 as of December 5, 2025. Also, don't forget to check the Pajson Agro IPO DRHP and RHP. 

4. Do I need a demat account to bid for the Pajson Agro Limited IPO?

Yes, a demat account is required to bid for the Pajson Agro Limited IPO. Click here to get the ultimate list of the top demat account providers.
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