Papadmalji Agro Foods Limited
Bookbuilding IPO · NSE
- Price band
- ₹69 - ₹72
- Lot size
- 1,600 shares
- Issue amount
- ₹20.18 cr
- Total subscription
- 2.59×
- Opens
- 29 Sept 2026
- Closes
- 1 Oct 2026
- Allotment
- 5 Oct 2026
- Listing
- 7 Oct 2026
Offer at a glance
Issue overview
- Issue size
- 28,03,200 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,10,400
- Fresh issue
- ₹18.52 cr
- Offer for sale
- ₹1.66 cr
- Registrar
- Mas Services Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,15,200
- Issue type
- Bookbuilding IPO
- Shares before issue
- 68,19,588
- Shares after issue
- 93,92,388
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,30,400 |
| sHNI | 3 | 4,800 | ₹3,45,600 |
| bHNI | 9 | 14,400 | ₹10,36,800 |
Share reservation
Subscription & GMP
Subscription by category
Reported 1 Oct 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 575 | 915 |
| HNIs(10L +) | 109 | 9 |
| HNIs (2-10L) | 55 | 30 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0.23 | 20.01 |
| RETAIL | 13.25 | 21.08 |
| NIB | 5.67 | 8.5 |
| HNIs 2+ | 1.9 | 1.22 |
| HNIs 10+ | 3.77 | 7.28 |
| HNIs | 5.67 | 8.5 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 7.64 | 6.93 | 3.09 |
| ROE | 38.51 | 55.15 | 40.92 |
| ROCE | 46.47 | 44.51 | 32.26 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 9.42 | 0 | 0 |
| POST IPO(PE) | 12.97 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Papadmalji Agro Foods Ltd, incorporated in 2017, is engaged in the processing and manufacturing of agro-based food products, with a focus on quality, hygiene and efficient production. The company sources agricultural raw materials and provides services such as food processing, grading, packaging, storage and distribution of processed and value-added food products to wholesalers, retailers and institutional buyers across regional markets. Along with its own manufacturing activities, the company also undertakes white-label manufacturing of handmade papads, where products are manufactured by the company and sold by clients under their own brand names and packaging according to their target markets. Papadmalji Agro Foods focuses on maintaining consistent product quality and supporting an efficient food supply chain while meeting applicable regulatory requirements. As of June 30, 2025, its distribution network included 68 distributors and 25 wholesalers, collectively supplying products to 5,965 retail outlets through the general trade channel.
Strengths
- Strong Papad Product Portfolio: Papadmalji Agro Foods Limited manufactures a range of traditional food products, including handmade and machine-made papads, rice papads, vrat-special papads, and moongodi, serving varied consumer preferences.
- Hybrid Manufacturing Model: The company combines traditional hand-rolling through its Batara–Batari model with machine-based production, helping maintain product authenticity while supporting scalability, consistency, and hygiene.
- Wide Distribution Reach: Papadmalji products are distributed across multiple Indian states and union territories through wholesalers, modern trade, quick-commerce platforms, and its D2C channel, with exports to the Middle East.
Risk factors
- Raw Material Price Fluctuation: The company depends on pulses, spices, flour, packaging materials, and other food inputs. Changes in their prices or availability could increase production costs and affect margins.
- Consumer Demand & Food Trends: Demand for packaged papads and traditional food products can be influenced by consumer preferences, purchasing power, seasonality, and changing eating habits, which may impact sales.
- Competition in Packaged Foods: The company competes with established food brands, regional manufacturers, local producers, and other packaged-food businesses, which may create pricing pressure and increase the need for marketing and distribution investment.
Promoters
Jai Agarwal
Premlata Agarwal
Registrar & documents
Lead manager
Kreo Capital Private Limited
Registrar & contacts
Mas Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Opp. Manav Bharti School, Garsisar, Bikaner, Rajasthan, 334001
+91 7300071153
[email protected]Company website ↗Understanding PAPADMALJI IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.