Papadmalji Agro(C)SME
Papadmalji Agro Foods Limited, incorporated in December 2017, manufactures and sells papads and related food products, including handmade and machine-made papads, ready-to-fry papads, rice papads, and cereal pellets under brands like Zhakaas, Vishal, Rozana, Diamond, and Papadmalji.
Price Band
₹72 - ₹72
Lot Size
3200 Shares
Issue Size
₹20.18 Cr
Fresh Issue
₹18.52 Cr
OFS
₹1.66 Cr
Registrar
AI Sentiment Score
Current GMP
₹0
Est. Listing: ₹72 (0%)
📅 IPO Timeline
✓
Open
Sep 29, 2026
2
Close
Oct 1, 2026
3
Allotment
Oct 5, 2026
4
Refund
Oct 6, 2026
5
Demat
Oct 6, 2026
6
Listing
Oct 7, 2026
✨ AI Analysis & Prediction
+5.0%
predicted listing gain
Papadmalji Agro Foods Limited presents a modest SME IPO profile with a total issue size of ₹20.18 crores, priced at ₹72 per share. While the company demonstrates consistent revenue and PAT growth up to FY25, low grey market signals and moderate subscription metrics point toward a muted listing day performance.
💪 Strengths
- Focus on purity, health, and wellness
- Diverse product portfolio in the papad and food segment
- Experienced promoters and professional management
- Established sales and distribution network
⚠️ Weaknesses
- Small scale operations with localized presence
- Lack of listed peer comparison
- Modest retail and institutional subscription levels
🚀 Opportunities
- Capacity expansion through new manufacturing facility in Bikaner
- Adoption of green energy with rooftop solar power systems
- Growing demand for branded packaged traditional snacks
🛡️ Threats
- High competition in the unorganized and organized food processing sector
- Fluctuation in raw material prices
- Regulatory risks concerning food safety and quality standards
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Funding for securing Sales/Marketing mandates | ₹7.00 |
| Investment in Aurika Developers LLP, one of our Group Entity, for financing the development of its Ayodhya Project | ₹25.00 |
| General corporate purposes | TBD |
📊 Financial Overview
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 25.00 Cr | Rs 26.29 Cr | Rs 31.76 Cr |
| Net Profit / PAT (₹ Cr) | Rs 0.25 Cr | Rs 2.11 Cr | Rs 4.72 Cr |
| Total Assets (₹ Cr) | Rs 26.86 Cr | Rs 25.05 Cr | Rs 20.07 Cr |
📋 Live Subscription Status
QIB
59.77x
NII
124.29x
Retail
60.15x
Total
73.80x
Updated: Oct 2, 2026 8:04 AM
💼 Reservation Quota
QIB
50.00%
Retail
35.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
The company operates in the food products sector, specializing in traditional and modern manufacturing of papads and allied food items. Financial metrics indicate steady upward scaling in revenue from ₹25.00 crores in FY23 to ₹31.76 crores in FY25, alongside improving PAT reaching ₹4.72 crores in FY25. However, lack of established listed peers and limited return metric disclosures pose transparency challenges.
The IPO aims to raise ₹20.18 crores through a fresh issue of ₹18.52 crores and an offer for sale up to 2,30,400 equity shares. The price band is set at ₹69 to ₹72 with a market lot of 3,200 shares. Proceeds are primarily allocated towards capital expenditure for a new manufacturing facility at Bikaner, solar power system installations, and working capital requirements.