Pajson Agro IPO

Pajson Agro India IPO puts the spotlight on a fast-scaling cashew processor that is expanding capacity just as demand for branded, value-added agro products is rising in India and overseas.​

Pajson Agro India IPO – Key Details

5. Company: Pajson Agro India Ltd.
5. Sector: Agro-processing with focus on cashew processing, grading, packaging and sale.
5. IPO Type: Main-board, book-built issue (fresh issue).
5. IPO Open Date: 11 December 2025
5. IPO Close Date: 15 December 2025
5. Basis of Allotment: 16 December 2025
5. Refunds / Demat Credit: 17 December 2025
5. Listing Date: 18 December 2025 (proposed on NSE/BSE)
5. Anchor Reservation: 17,72,400 shares (28.09% of issue)
5. QIB (ex-anchor): 11,82,000 shares (18.73%)
5. NII: 9,00,000 shares (14.26%)
5. Retail: 20,97,600 shares (33.24%)​
5. Promoters: Aayush Jain, Anjali Jain, Pulkit Jain
5. Promoter Holding: 85% pre‑issue; 62.47% post‑issue​
5. Objects of Issue:
   • Capex for second cashew processing facility at Vizianagaram, Andhra Pradesh – ₹57 crore
   • General corporate purposes​

Business & Financial Summary

• Pajson Agro is primarily engaged in processing, grading and packaging of cashew nuts, catering to both domestic buyers and export customers.
• The second processing facility at Vizianagaram aims to increase capacity, diversify sourcing and improve logistics for south and east India markets.​

Financials (₹ in crore):​

• FY23: Revenue ₹101.13; PAT ₹0.02; Assets ₹50.17
• FY24: Revenue ₹96.04; PAT ₹3.35; Assets ₹55.39
• FY25: Revenue ₹187.28; PAT ₹20.42; Assets ₹65.73
• H1 FY26 (Sep 2025): Revenue ₹118.37; PAT ₹14.20; Assets ₹151.63

The numbers show a sharp turnaround and scale-up from FY24 to FY25, with PAT expanding significantly on a higher revenue base.​

IPO Reservation

Pajson Agro India IPO offers total 63,09,600 shares. Out of which 29,54,400 (46.82%) allocated to QIB, 11,82,000 (18.73%) allocated to QIB (Ex- Anchor), 9,00,000 (14.26%) allocated to NII 20,97,600 (33.24%) allocated to RII and 17,72,400 (28.09%) allocated to Anchor investors.

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.  The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.

Objective of the ipo :-

• Capital Expenditure towards Establishment of a Second Cashew Processing Facility at Vizianagaram, Andhra Pradesh
• General Corporate Purpose

Key Strengths

• Strong revenue and PAT growth in FY25 and H1 FY26
• Clear capacity expansion plan via new Vizianagaram plant
• Anchor and QIB participation indicating institutional interest
• Promoters retaining majority stake post-issue
• Exposure to growing branded snacking and value-added cashew demand

Key Risks

• Short profitability track record at current scale
• Commodity price and foreign-exchange volatility in cashew business
• Agro and seasonality risk impacting raw cashew availability
• Execution risk around large single-facility capex
• Working capital intensity and potential cash-flow strain

How To Apply for the IPO?

5. Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
5. Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
5. Select IPO: Find and select the IPO from the list of open IPOs. 
5. Enter the Lot Size: Specify the number of lots you want to bid for. 
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
5. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

5. Log in to the JM Pro app. 
5. Go to the IPO Section and then to IPO Orders. 
5. Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

FAQs – Pajson Agro IPO

• Q1. What are the Pajson Agro IPO dates and listing schedule?
  • The IPO opens on 11 December 2025 and closes on 15 December 2025; basis of allotment is on 16 December, refunds and Demat credit on 17 December, and listing on 18 December 2025.​
• Q2. What portion is reserved for retail investors?
  • 33.24% of the net issue is reserved for retail investors, while 28.09% is for anchors, 18.73% for QIBs (ex-anchor) and 14.26% for NIIs.​
• Q3. What will IPO proceeds be used for?
  • A major share (₹57 crore) goes towards setting up a second cashew processing facility at Vizianagaram; the rest is for general corporate purposes.​
• Q4. How has Pajson Agro’s profitability improved?
  • PAT rose from ₹0.02 crore in FY23 to ₹3.35 crore in FY24 and further to ₹20.42 crore in FY25; H1 FY26 PAT is already ₹14.20 crore, showing strong momentum, though over a short window.​
• Q5. What is promoter shareholding before and after IPO?
  • Promoters together held 85% pre-issue and will hold about 62.47% post-issue, ensuring continued control and alignment with public shareholders.​