
Pajson Agro India IPO Subscription Day 1
Posted by : sachet | Thu Dec 11 2025

Here, the Pajson Agro India IPO launched on 11th December 2025. Bidding for the issue will close today, 15th December 2025. The primary aim of the Pajson Agro India IPO is to raise ₹74.45 crores from the market. Also, the Pajson Agro India IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the Pajson Agro India IPO subscription and details.
Pajson Agro India IPO Details
| IPO Open Date | 11th December 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹112 to ₹118 per share |
| Lot Size | 1,200 Shares |
| Issue Type | Bookbuilding Issue |
| Listing At | BSE & NSE |
| IPO Close Date | 15th December 2025 |
| Listing Date | 18th December 2025 |
The price band for Riddhi Display Equipment’s IPO has been set at ₹112 to ₹118 per share, and a total of 63,09,600 shares are being issued. Let’s segregate the share quota fixed for different categories of investors.
| Categories | Shares Offered | Shares Percentage |
| QIB Shares Offered | 3,57,600 | 5.67% |
| QIB Shares Offered | 29,54,400 | 46.82% |
| NII (HNI) Shares Offered | 9,00,000 | 14.26% |
| Retail Shares Offered | 20,97,600 | 33.24% |
| Total Shares Offered | 63,09,600 | 100.00% |
Pajson Agro India IPO Subscription Status
As of now, the Pajson Agro India IPO has been subscribed to 1.02 times. Of these, 0.03 times are subscribed by retail investors, 0.04 times by non-institutional investors, and 3.54 times by QII (Qualified Institutional Investors).
The healthy subscription status indicates that investors are expecting higher returns at the time of Pajson Agro India’s IPO listing on 18th December 2025. Pajson Agro India also has a positive outlook behind the fresh issue of 0.63 crore shares, which will raise around Rs 74.45 crores.
Pajson Agro India IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Pajson Agro India IPO GMP for 11th December 2025.
The grey market premium for this IPO has surged to 7.63% or Rs 9.00 per share. It indicates that the estimated listing price per share is Rs 127.00. Numerous factors played a pivotal role in this jump in the GMP of Riddhi Display Equipment’s IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.
| GMP DATE | IPO Price | GMP Price | Estimated Listing Price | Estimated Gain |
| 11-12-2025 | ₹118.00 | ₹9.00 | ₹127.00 | ₹7.63% |
| 10-12-2025 | ₹118.00 | ₹0.00 | ₹118.00 | ₹0.00% |
| 9-12-2025 | ₹118.00 | ₹0.00 | ₹118.00 | ₹0.00% |
| 8-12-2025 | ₹118.00 | ₹0.00 | ₹118.00 | ₹0.00% |
| 7-12-2025 | ₹118.00 | ₹0.00 | ₹118.00 | ₹0.00% |
| 6-12-2025 | ₹118.00 | ₹0.00 | ₹118.00 | ₹0.00% |
| 5-12-2025 | ₹118.00 | ₹0.00 | ₹118.00 | ₹0.00% |
| 4-12-2025 | ₹118.00 | ₹0.00 | ₹118.00 | ₹0.00% |
About Pajson Agro India Ltd.
Pajson Agro India was established in 2021 and processes raw cashew nuts into cashew kernels, supplying them to domestic and international markets. The company sell in bulk and also in retail packs under our white-label brand Royal Mewa (dry fruits segment). Further, it sells by-products (cashew husk and shells) for industrial and agricultural use. Sales and Distribution Channels: Sales operate through four verticals: 1. Wholesale Mandis (Local markets), 2. Institutional Sales (to retail chains, food brands, etc.), exports and B2C/Royal Mewa brand. Currently, the company operates in 18 states and 3 Union Territories of India. It has a cashew processing plant in Visakhapatnam, Anakapalli, Andhra Pradesh, across 295,990.20 square feet with a capacity of 18,000 metric tonnes. Also, it has a dedicated packaging unit. Its processing facility includes shelling, peeling, cleaning, grading, sorting, and related handling equipment. As of July 31, 2025, it has 465 permanent employees..
Pajson Agro India Limited Financials
The company’s financial analysis is essential before applying for the Pajson Agro India IPO. Look at the table to learn about Pajson Agro India Limited’s financials.
| Year Ended | 30th Sep 2025 (in cr.) | 31st March 2025 (in cr.) | 31st March 2024 | 31st March 2023 |
| Assets | 151.63 | 65.73 | 55.39 | 50.17 |
| Revenue | 118.37 | 187.28 | 96.04 | 101.13 |
| Profit After Tax | 14.20 | 20.42 | 3.35 | 0.02 |
| EBITDA | 21.07 | 30.27 | 5.74 | 1.10 |
| Net Worth | 58.40 | 44.21 | 23.79 | 20.44 |
| Reserves and Surplus | 40.90 | 40.71 | 20.29 | 16.94 |
| Total Borrowings | 40.04 | 14.57 | 14.57 | 0.00 |
Explanation
Pajson Agro India Limited’s revenue increased by 95% from ₹96.04 crores in March 2024 to ₹187.28 crores in March 2025. Moreover, the company’s PAT increased by 509% from ₹3.35 crores in March 2024 to ₹20.42 crores in March 2025.
Technical Indicators
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Pajson Agro India IPO.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 10.11 |
| EPS (Earnings Per Share) | 11.67 |
| RoNW | 46.18% |
| ROCE | 48.21% |
| ROE | 60.05% |
| EBITDA Margin | 16.16% |
| Price to Book Value | 4.67 |
| Market Capitalisation | ₹280.95 Cr |
Pajson Agro India IPO Listing Expectations
Pajson Agro India IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A jump of 7.63% in Yash Highlight GMP suggests the estimated listing price per share will be around Rs 127.
It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation.
Pajson Agro India IPO Dates
| IPO Open Date | 11th December 2025 |
| IPO Close Date | 15th December 2025 |
| Allotment | 16th December 2025 |
| Refund Date | 17th December 2025 |
| IPO Listing Date | 18th December 2025 |
Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.
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