Papadmalji Agro Foods IPO Day 2: Subscription Status on 30 September 2026

The Papadmalji Agro Foods IPO has entered Day 2 of its bidding window, which opened on 29 September 2026 and closes on 1 October 2026. Papadmalji Agro Foods Limited, a Bikaner-based packaged papad manufacturer, is raising about Rs 20.18 crore, and the shares are proposed to list on the NSE SME platform. The latest full session data available is the Day 1 close of 28 September 2026.

Day 1 bidding for the issue closed with the issue subscribed 1.40 times overall, an unusually QIB-heavy figure driven by a very small institutional quota subscribed 86.85 times, while retail stood at 0.51 times and NII at just 0.01 times. With one more session before the 1 October close, retail and NII demand will need to build for the underlying categories to catch up.

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Papadmalji Agro Foods IPO Details

The table below sets out the key parameters of the issue.

Open Date	29 September 2026
Close Date	1 October 2026
Price Band	Rs 69 to Rs 72 per share
Lot Size	1,600 shares (minimum bid 3,200 shares)
Issue Size	Rs 20.18 crore (28,03,200 shares)
Issue Type	Book Built Issue, SME
Listing At	NSE SME
Allotment Date	5 October 2026
Listing Date	7 October 2026

Papadmalji Agro Foods IPO Subscription Status Day 2

Bidding for the issue is updated through the trading session on NSE. The table below shows the position at the close of Day 1 along with the figure recorded so far on Day 2.

Investor Category	Subscription at Day 1 Close (29 Sep, closing update)	Subscription So Far (Day 2, 30 Sep)
Qualified Institutional Buyers (QIB)	86.85 times	Updating
Non-Institutional Investors (NII)	0.01 times	Updating
Retail Individual Investors	0.51 times	Updating
Overall	1.40 times	Updating through the session

The QIB category holds a very small share of the net offer, so its high multiple lifts the overall figure while retail and NII remain below full subscription. Investors should treat the Day 2 figures as provisional since bidding remains open until the 1 October close.

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Papadmalji Agro Foods IPO

1. Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
2. Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 69 to Rs 72 band, with a minimum bid of 3,200 shares.
3. Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
4. Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 1 October.

Download the Univest iOS App or Univest Android App to apply for the issue before the 1 October close.

Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

Conclusion

The issue closed Day 1 at 1.40 times overall, driven by a small QIB quota running at 86.85 times while retail and NII stayed below full book. Investors considering the issue should review the company financials and SME liquidity risks in the RHP on nseindia.com, and apply only after independent due diligence.

FAQs

What is the Papadmalji Agro Foods IPO subscription status on Day 2?

Ans. The issue closed Day 1 subscribed 1.40 times overall, with QIB, on a very small quota, at 86.85 times, while retail stood at 0.51 times and NII at just 0.01 times, and figures for Day 2, 30 September 2026, are updating through today's session on NSE.

When does the Papadmalji Agro Foods IPO close?

Ans. The issue closes for subscription on 1 October 2026, having opened on 29 September 2026.

What is the Papadmalji Agro Foods IPO price band and lot size?

Ans. The issue price band is Rs 69 to Rs 72 per share, with a lot size of 1,600 shares. Retail investors must apply for a minimum of 2 lots, or 3,200 shares, taking the minimum investment to about Rs 2,30,400 at the upper price band.

Why is the Papadmalji Agro Foods IPO overall subscription so much higher than retail and NII?

Ans. The issue carries a very small QIB quota, which was subscribed 86.85 times on Day 1, lifting the overall multiple to 1.40 times even though retail stood at 0.51 times and NII at just 0.01 times.

What is the Papadmalji Agro Foods IPO GMP?

Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

How do I apply for the Papadmalji Agro Foods IPO before it closes?

Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, enter your bid quantity and price within the Rs 69 to Rs 72 band, with a minimum bid of 3,200 shares, then approving the UPI mandate before the daily cut off.

When will the Papadmalji Agro Foods IPO be allotted and listed?

Ans. The issue allotment is expected to be finalised on 5 October 2026, with listing on the NSE SME platform tentatively scheduled for 7 October 2026.

What does Papadmalji Agro Foods Limited do?

Ans. Papadmalji Agro Foods Limited manufactures handmade and machine-made papads, ready-to-fry papads, rice papads, vrat special papads and moongodi under the Vishal, Rozana, Papadmalji, Diamond and Zhakaas brands.