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Papadmalji Agro Foods IPO
Price Band
₹69.0–72.0
Issue Size
₹20.18 Cr
Lot Size
1,600 shares
Min Investment
₹230,400
2 LOTS MIN
GMP
—
Issue Price
₹72.0
Papadmalji Agro Foods IPO AI Summary
- Papadmalji Agro Foods IPO is upcoming on NSE SME in the Other Food Products sector.
- Price band: ₹69.0–₹72.0 per share, lot size 1,600 shares (min. investment ₹230,400, 2 lots minimum).
- Subscription window: 29 Sep–01 Oct 2026, listing on 07 Oct 2026.
Papadmalji Agro Foods Ltd is preparing for an IPO with a focus on quality agro-based food products. The company shows positive revenue and profit growth trends, supported by a strong distribution network. Investors should consider their risk tolerance and investment strategy before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
IPO not open yet
Opens 29 Sep 2026 · in 1 days
Papadmalji Agro Foods IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
TopFund Score — Listing Data Indicator
GMP is 0.0% above issue price
Subscription not open yet
No anchor allocation for this IPO
Similar IPOs (same sector & type) averaged 48.0% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
Papadmalji Agro Foods Ltd is engaged in the processing and manufacturing of agro-based food products, focusing on quality-driven production, sourcing raw agricultural inputs, and delivering packaged food items to consumers. The company offers services including food processing, grading, packaging, storage, and supply of agricultural and processed food products, catering to wholesalers, retailers, and institutional buyers across regional markets. Papadmalji Agro Foods Ltd emphasizes hygiene, consistent quality, and efficient distribution, supporting farmers and food supply chains while meeting regulatory standards and growing demand for processed and value-added agro food products. In addition to in-house manufacturing, they also undertake white label manufacturing of Handmade Papads for clients, wherein products are produced by the Company and marketed by clients under their respective brand names and packaging, tailored to their target market. As of June 30, 2025, the distribution network comprises 68 distributors and 25 wholesalers, collectively servicing 5,965 retail outlets in the general trade channel through distributors and wholesalers. Competitive Strengths: They are amongst the few organized players exclusively in the papad segment leveraging strategically located manufacturing facilities. Extensive and well-established sale and distribution network Multi Channel Presence Wide Range of Products with diverse variants Purity, Health & Wellness Focus
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 33.50 | 25.05 | 20.07 |
| Total Income | 33.54 | 31.76 | 26.29 |
| Profit After Tax | 5.21 | 4.72 | 2.11 |
| EBITDA | 8.44 | 5.98 | 3.31 |
| NET Worth | 16.14 | 10.93 | 6.20 |
| Reserves and Surplus | 9.32 | 10.17 | 5.45 |
| Total Borrowing | 9.99 | 8.97 | 10.28 |
Key Ratios
EPS
₹7.64
NAV
₹23.67
ROE
38.51%
ROCE
46.47%
RoNW
32.29%
P/B Value
3.04
P/E Ratio
9.42
Market Cap
₹67.63 Cr
PAT Margin
15.54%
Debt/Equity
0.62
Promoters
Jai Agarwal, Premlata Agarwal, Aanya Agarwal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding the capital expenditure towards construction of building, mechanical and electrical works and procurement of plant and machinery and installation of 250 kW Rooftop Solar Power System for setting up a new manufacturing facility at Bachhasar, Bikaner 7.90 2 Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks 5.80 3 General Corporate Purposes Total 13.70
IPO Evaluation
Generated 27 Sep 2026Revenue Trend
Total Income was ₹26.29 Cr for the period ending 31 Mar 2024, increasing to ₹31.76 Cr by 31 Mar 2025, and further rising to ₹33.54 Cr by 31 Mar 2026. This indicates a consistent growth in revenue over the three periods.
Profit Trend
Profit After Tax was ₹2.11 Cr for the period ending 31 Mar 2024, which increased to ₹4.72 Cr by 31 Mar 2025, and further to ₹5.21 Cr by 31 Mar 2026. This shows a positive trend in profitability across the periods.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. It indicates the expected listing price of the IPO based on demand in the grey market. A higher GMP suggests strong investor interest, while a lower or negative GMP may indicate weak demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's growth potential and market position.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid this IPO, as investing in new offerings can involve higher risks and uncertainty.
IPO Timeline, Explained
The IPO opens for subscription on September 29, 2026, and closes on October 1, 2026. Allotment of shares will be done on October 5, 2026, with the listing date set for October 7, 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market conditions, investor sentiment, and the company's perceived value. While some IPOs may experience significant gains on their first day of trading, others may not perform as well, leading to potential losses for investors.
This evaluation is generated from Papadmalji Agro Foods's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Papadmalji Agro Foods IPO?
The price band of Papadmalji Agro Foods IPO is ₹69.0–₹72.0 per share.
When does Papadmalji Agro Foods IPO open and close?
Papadmalji Agro Foods IPO opens on 29 September 2026 and closes on 01 October 2026.
When does Papadmalji Agro Foods IPO list on the stock exchange?
Papadmalji Agro Foods IPO is scheduled to list on 07 October 2026, with an estimated listing price of ₹72.0 based on current GMP.
What is the lot size for Papadmalji Agro Foods IPO?
The lot size for Papadmalji Agro Foods IPO is 1600 shares, requiring a minimum investment of ₹230,400 (2 lots).
What is the TopFund Listing Data Indicator for Papadmalji Agro Foods?
Papadmalji Agro Foods's Listing Data Indicator score is 42/100 (Moderate signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the price band for the IPO?
The price band for the IPO is ₹69.0 to ₹72.0.
What is the minimum investment required?
The minimum investment required is ₹230,400.
What is the lot size for the IPO?
The lot size for the IPO is 1,600 shares.
When does the IPO open and close?
The IPO opens on September 29, 2026, and closes on October 1, 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on demand in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
29 Sep 2026
Close
01 Oct 2026
Allotment
05 Oct 2026
Listing
07 Oct 2026
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