Papadmalji Agro Foods IPO Details
Papadmalji Agro Foods IPO Summary
Papadmalji Agro Foods IPO opens for subscription on 29 Sep 2026 and closes on 01 Oct 2026.The IPO will be listed on NSE with the tentative listing date set for 07 Oct 2026.
Papadmalji Agro Foods IPO price band has been fixed at ₹69 – ₹72 per share. The face value is ₹10 per share with a lot size of 1600.
Papadmalji Agro Foods IPO total issue size comprises 28,03,200 shares (aggregating up to ₹20.18 Cr). This includes a fresh issue of 25,72,800 shares (aggregating up to ₹18.52 Cr). Offer for Sale consists of 2,30,400 shares (aggregating up to ₹1.66 Cr). Pre-issue shareholding stands at 68,19,588, which will increase to 93,92,388 post-issue.
Papadmalji Agro Foods IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
Papadmalji Agro Foods IPO Lot Size :Individual Minimum is 2 lots (3,200 shares) amounting to ₹2,30,400. Individual Maximum is 2 lots (3,200 shares) amounting to ₹2,30,400. SHNI Minimum is 3 lots (4,800 shares) amounting to ₹3,45,600. SHNI Maximum is 8 lots (12,800 shares) amounting to ₹9,21,600. BHNI Minimum is 9 lots (14,400 shares) amounting to ₹10,36,800.
Papadmalji Agro Foods IPO Details
Papadmalji Agro Foods IPO Subscription
Papadmalji Agro Foods IPO Application Wise Breakup
Papadmalji Agro Foods IPO Dates
- 29 Sep 2026Opening dateOpen
- 01 Oct 2026Closing dateClose
- 05 Oct 2026Allotment Date Allotment
- 06 Oct 2026Initiation of RefundsRefund
- 06 Oct 2026Credit of SharesCredit
- 07 Oct 2026Listing dateListing
Papadmalji Agro Foods IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 3200 | ₹2,30,400 |
| Individual Maximum | 2 | 3200 | ₹2,30,400 |
| SHNI Minimum | 3 | 4800 | ₹3,45,600 |
| SHNI Maximum | 8 | 12800 | ₹9,21,600 |
| BHNI Minimum | 9 | 14400 | ₹10,36,800 |
Papadmalji Agro Foods IPO Reservation
Promoter Holding
Documents
Papadmalji Agro Foods IPO Valuations
Papadmalji Agro Foods Financial Information
| 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 |
| Amount in ₹ Crore | |||
About Papadmalji Agro Foods IPO
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.
Strength Of Papadmalji Agro Foods IPO
- Multi-Channel presence and extensive and well-established sale and distribution network.
- Wide Range of Products with distinct variants.
- Purity, Health & Wellness Focus.
- Empowered by Women: A symbol of strength and dedication.
- Experienced Promoters and professional management team.
Risk Of Papadmalji Agro Foods IPO
- Our business is dependent on a limited number of customers, and the loss of one or more significant customers may adversely affect our business, results of operations, and financial condition.
- Our business depends on a limited number of suppliers for raw materials, we do not have long-term supply agreements with them, and any disruption in supply availability or increase in raw material costs may adversely affect our business operations and financial performance.
- Our business depends on an effective and diversified sales and distribution network across multiple channels, and any disruption, inefficiency, or underperformance in one or more channels may adversely affect our business operations and financial performance.
- Our business and revenue are significantly dependent on our key brands, particularly "Vishal," "Zhakaas," and "Rozana." Any decline in their market acceptance or brand perception, or the inability to expand our "Papadmalji" brand, may adversely affect our business, results of operations, and financial condition..
- Our Company operations requires significant amount of working capital for a continuing growth. Our inability to meet our working capital requirements may adversely affect our results of operations.
- Our business requires us to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failure to obtain and renew or non-receipt of them in a timely manner may adversely affect our business operations.
- Certain of our historical corporate records and filings have certain discrepancies or have been filed with a delay, which may lead to penal action by the competent regulatory authority.
- Our revenue is primarily derived from the sale of papad products, and any decline in demand for papads or shift in consumer preferences may adversely affect our business and financial performance.
- Our manufacturing units are located in Bikaner, and concentration of operations in a single geographic region exposes us to location-specific risks.
- Our product sales are heavily concentrated in a few core markets, particularly Rajasthan, Haryana, and Assam, and any adverse developments in these regions may materially affect our business and financial performance.
Objectives Papadmalji Agro Foods IPO
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
2. Installation of 125 kW Rooftop Solar Power System at existing Garsisar Unit, Bikaner
3. Funding incremental working capital requirements of the Company
4. Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks
5. General Corporate Purposes
Company Contact Details
Opp. Manav Bharti School, Garsisar,
Bikaner, Rajasthan , 334001
Phone: +91 7300071153
Email: cs@papadmalji.com
Website: http://www.papadmalji.com/
Registrar Contact Details
Papadmalji Agro Foods FAQs
The Papadmalji Agro Foods IPO is a SME public issue comprising 2803200 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹20.18 Cr. The issue price has been fixed at ₹72 per equity share, and the minimum application size is 1600 shares.
The IPO opens for subscription on 29 Sep 2026, and closes on 01 Oct 2026.
Mas Services Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹0 (0%).
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