AHMEDABAD, GUJARAT | 26th SEPTEMBER 2026 | PapadmaljiAgro FoodsLimited is poised for its initial public offering (IPO), with plans to raise INR 20.18 crores through the issue is a combination of a fresh issue of 25.73 lakh shares aggregating to Rs 18.52 crores and an offer for sale of 2.30 lakh shares aggregating to Rs 1.66 crores.
For its SME Initial Public Offering (IPO), PapadmaljiAgro FoodsLimited has established a price band of Rs 69 to Rs 72 per share. The company’s shares will open for subscription on September29, 2026and closes on October 1, 2026. These will be listed on the NSE SME, with anestimatedlisting date of October7, 2026.
Kreo Capital Pvt.Ltd. is the book-running lead manager, and MAS Services Ltd. is the registrar of the issue.
The issue proceeds will be utilized in fundingthe 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, Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and general corporate purposes.
On Monday, October5, 2026, the shares for the PapadmaljiAgro FoodsLimited IPO are anticipated to be allotted, and on Tuesday, October6, 2026, the shares will be credited to the demat account of the allottees. PapadmaljiAgro FoodsIPO comprises a total issue size of 28,03,200 shares. The net offer of not more than 32,000 sharesare allocated to QIB, not less than 7,87,000 sharesareallocated to NII and not less than 18,40,000 allocated to individual investors.
Individualinvestors need to contribute a minimum of Rs 2,30,400 at the upper price band,considering the minimum two-lot size for an application is 3200 shares. For HNIs, the minimum bidding size is three lots, or 4800 shares, for a total investment of Rs 3,45,600 at the upper price band.
PapadmaljiAgro FoodsLtd.’s revenue stood at Rs 33.53 crore and profit after tax (PAT) reported was Rs 5.21 crore forthe financial year ending March 31, 2026.
Incorporated in 2017, PapadmaljiAgro Foods Ltd is engaged in the processing and manufacturing of Hand-Made Papads, Machine-Made Papads, Machine-Made ready to Fry Papads, Rice Papads (Khichiya), Vrat Special Papads, and Moongodi.
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.
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