Pajson Agro India IPO is a book-built issue IPO aiming to raise ₹74.45 crore. It comprises an entirely fresh issue of 63.09 lakh equity shares aggregating to ₹74.45 crore. The bidding window was open from December 11, 2025, to December 15, 2025, with the IPO allotment expected to be finalised on December 16, 2025. Pajson Agro India IPO is scheduled to list on BSE SME on December 18, 2025.
The IPO was priced at ₹112–₹118 per share with a lot size of 1,200 shares. Retail investors were required to apply for a minimum of 2,400 shares, amounting to ₹2,83,200 at the upper price band. The public issue was subscribed 6.50 times overall, with QIBs subscribing 10.92 times, NIIs 6.86 times, and retail investors 3.85 times their respective quotas.
Pajson Agro India’s ₹74.45 crore IPO, priced at ₹112–₹118 per share, was subscribed 6.50 times overall. The issue consists solely of a fresh issue of 63.09 lakh equity shares aggregating to ₹74.45 crore. Bidding took place from December 11 to December 15, 2025, with the Pajson Agro India IPO allotment status expected on December 16, 2025. Retail investors subscribed 3.85 times, while NIIs and QIBs subscribed 6.86 times and 10.92 times, respectively. The IPO is expected to list on December 18, 2025.
The table below breaks down the Pajson Agro India share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 3,57,600 (5.67%) |
| QIB Shares Offered | 29,54,400 (46.82%) |
| − Anchor Investor Shares Offered | 17,72,400 (28.09%) |
| − QIB (Ex. Anchor) Shares Offered | 11,82,000 (18.73%) |
| NII (HNI) Shares Offered | 9,00,000 (14.26%) |
| − bNII > ₹10L | 6,00,000 (9.51%) |
| − sNII < ₹10L | 3,00,000 (4.75%) |
| Retail Shares Offered | 20,97,600 (33.24%) |
| Total Shares Offered | 63,09,600 (100.00%) |
Data Source: BSE
| Category | Subscription (times) |
| Qualified Institutional Buyers (QIB) | 10.92 |
| Non-Institutional Investors (NII) | 6.86 |
| Retail Individual Investors (RII) | 3.85 |
| Total | 6.50 |
Note: The subscription details are as of December 15, 2025
Pajson Agro India Limited was incorporated in 2021 and is engaged in the processing of raw cashew nuts into cashew kernels for domestic and international markets. The company operates across both bulk and retail segments, supplying cashew products to wholesalers, institutional buyers, exporters, and end consumers. Its retail presence is supported through white-label offerings under the Royal Mewa brand in the dry fruits segment.
The company’s operations are supported by an integrated cashew processing facility located at Anakapalli, Visakhapatnam, Andhra Pradesh. Spread across approximately 295,990.20 square feet, the plant has an installed processing capacity of 18,000 metric tonnes. The facility is equipped with modern machinery for shelling, peeling, cleaning, grading, sorting, and packaging, enabling efficient end-to-end processing.
Pajson Agro India follows a diversified sales and distribution model comprising wholesale mandis, institutional sales to organised retail chains and food brands, exports, and direct-to-consumer sales under its own brand. As of July 31, 2025, the company had operational reach across 18 states and 3 Union Territories in India, reflecting a broad domestic footprint alongside its export presence.
The company also generates revenue from by-products such as cashew husk and shells, which are sold for industrial and agricultural applications. As of July 31, 2025, Pajson Agro India employed 465 permanent staff. Leveraging its promoter experience, in-house packaging capabilities, and established wholesaler network, the company continues to strengthen its position within the organised cashew processing and distribution segment.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 15, 2025, 6:45 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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