Papadmalji Agro Foods Limited IPO Allotment Status

Written by: Team Angel OneUpdated on: 2 Oct 2026, 2:36 am IST

Papadmalji Agro Foods Limited’s SME IPO closes for subscription today, October 1, 2026. The basis of allotment is expected to be finalised on October 5, 2026, and the shares are scheduled to list on the NSE SME platform on October 7, 2026.

Papadmalji Agro Foods IPO is a book build issue of ₹20.18 crore. The issue comprises a fresh issue of 25.73 lakh shares aggregating to ₹18.52 crore and an offer for sale of 2.30 lakh shares aggregating to ₹1.66 crore.

Papadmalji Agro Foods Limited is a book-built NSE SME IPO with a price band of ₹69–₹72 per equity share. The bidding window opened on September 29, 2026, and closes today, October 1, 2026.

The basis of allotment is expected to be finalised on October 5, 2026. Refunds for unsuccessful applicants and credit of shares to successful applicants’ demat accounts are expected on October 6, 2026, while the shares are scheduled to list on NSE SME on October 7, 2026.

The IPO has a market lot of 1,600 shares. At the upper price band, one lot costs ₹1,15,200. The minimum retail application is two lots, or 3,200 shares, requiring ₹2,30,400.

Kreo Capital Pvt. Ltd. is the book running lead manager.

Investors can check Papadmalji Agro Foods IPO allotment status after the basis of allotment is finalised through MAS Services Limited, the registrar to the issue, or through the NSE/BSE IPO-status facilities.

How to Check Papadmalji Agro Foods IPO Allotment Status Online on NSE?

Visit the NSE IPO bid-verification/application-status page.
Select “SME” under Issue Type.
Choose “Papadmalji Agro Foods Limited” from the Issue Name dropdown after the allotment data is published.
Enter your PAN or Application Number.
Complete the captcha verification, where applicable.
Click on Submit or Search to view your application and allotment status.

How to Check Papadmalji Agro Foods IPO Allotment Status on the Registrar’s Website?

Visit the official MAS Services IPO allotment-status website.
Select “Papadmalji Agro Foods Limited” from the IPO-name dropdown once the registrar uploads the basis-of-allotment information.
Choose PAN, Application Number or DP ID/Client ID as the search method.
Enter the required details.
Complete the captcha verification.
Click on Submit or Search to view your allotment result.

Papadmalji Agro Foods IPO Details

Papadmalji Agro Foods’ IPO is priced in the range of ₹69–₹72 per equity share. The face value of each equity share is ₹10. The company’s issue is proposed to list on the NSE SME platform.

The IPO opened on September 29, 2026, and closes on October 1, 2026. The basis of allotment is expected on October 5, 2026, refunds and demat credits are expected on October 6, 2026, and the shares are scheduled to list on NSE SME on October 7, 2026.

The market lot comprises 1,600 shares, requiring ₹1,15,200 at the upper price band. The minimum retail application is two lots, or 3,200 shares, requiring ₹2,30,400. Applications can be made in permitted multiples of 1,600 shares thereafter.

Allocation Quota for Papadmalji Agro Foods IPO

Investor Category	Shares	% of Net Issue	% of Total Issue
QIB	32,000	1.20%	1.14%
NII (HNI)	7,87,200	29.60%	28.08%
– bNII > ₹10L	5,23,200		18.66%
– sNII < ₹10L	2,64,000		9.42%
Retail	18,40,000	69.19%	65.64%
Firm Reservations
Market Maker	1,44,000		5.14%
Total	28,03,200	100.00%	100.00%

Note: Category-wise shares offered and subscription figures vary slightly across sources and updates; the final basis of allotment published by MAS Services will be definitive.

Papadmalji Agro Foods IPO – Overall Subscription Status

As of the latest available update on October 1, 2026, at 5:54:59 PM (Day 3), the Papadmalji Agro Foods IPO was subscribed 2.54 times overall. The non-institutional investor (NII) category was subscribed 1.32 times, the QIB (Ex Anchor) category 86.85 times, and the retail (Individual Investors) category 1.59 times. These figures may change slightly following exchange reconciliation after the issue closes.

Papadmalji Agro Foods IPO Subscription Details

Category	Subscription (x)	Shares Offered	Shares Bid For	Total Amount (₹ Crore)
Market Maker	1	1,44,000	1,44,000	1.037
QIB (Ex Anchor)	86.85	32,000	27,79,200	20.010
NII	1.32	7,87,200	10,36,800	7.465
— bNII (> ₹10L)	1.66	5,23,200	8,67,200	6.244
— sNII (< ₹10L)	0.64	2,64,000	1,69,600	1.221
Individual Investors	1.59	18,40,000	29,28,000	21.082
Total	2.54	26,59,200	67,44,000	48.557

Note: Shares Offered and Total Amount are calculated at the upper price band. The Total row excludes the Anchor and Market Maker portions, and the NII figures exclude the Market Maker portion.

Papadmalji Agro Foods Business Overview

Incorporated in December 2017, Papadmalji Agro Foods Limited is engaged in the manufacturing and marketing of papads and related food products. The Company manufactures a range of products including hand-made papads, machine-made papads, machine-made ready-to-fry papads, rice papads (Khichiya), vrat-special papads and moongodi. It also undertakes white-label manufacturing of hand-made papads for clients and trades in cereal pellets under its own brand. The Company combines traditional hand-made production with semi-automated and automated machinery for dough preparation, sheeting, rolling, cutting, drying and packaging. Its products are marketed under the brands Zhakaas, Vishal, Rozana, Diamond and Papadmalji, catering to different product categories, consumer segments and distribution channels.

The Company operates through two FSSAI-licensed manufacturing units in Bikaner, Rajasthan, with its Gharsisar unit also certified under ISO 22000:2018. Hand-made papads are produced through the Batara–Batari model, under which contractors supervise women workers engaged in home-based hand rolling. The Company sources key raw materials such as urad dal, moong dal, spices and edible oils primarily from domestic markets in Rajasthan. Its products are distributed through general trade, modern trade, quick-commerce platforms and its direct-to-consumer website.

The Company has established a pan-India distribution network comprising distributors and wholesalers and had a presence across 21 states and 3 Union Territories as of March 31, 2026. It also supplies products to an independent merchant exporter, through whom its products reach selected Middle Eastern markets. Since 2018, the Company has also been supported by an equity investment from India Customer Insight Fund, a SEBI-registered Alternative Investment Fund.

As of March 31, 2026, the Company had a total workforce of 118 employees across management, finance, production, quality control, sales and marketing, supply chain, maintenance and other functions.

Papadmalji Agro Foods IPO allotment status is expected to be available on October 5, 2026, after approval of the basis of allotment. Investors should check MAS Services or NSE using their PAN, application number or DP ID/Client ID.

Know more about IPO allotment status and check your application details online for the latest updates on share allocation.

Disclaimer: This article has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute personal investment advice or a recommendation to buy, sell or hold any security. Investors should conduct their own research and consult a SEBI-registered investment adviser before making investment decisions.

Investments in the securities market are subject to market risks. Read all related documents carefully before investing.

Published on: Oct 1, 2026, 9:06 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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