Papadmalji Agro Foods Limited

SMElistedNSE SME

29 Sep 2026 – 01 Oct 2026

LISTED

Offer Price

₹69–72

Bid lot

1600

Min Application

₹2,30,400

Issue Size

₹20 Cr

Key dates

Open date

29 Sep 2026

Done

Close date

01 Oct 2026

Done

Basis of allotment

05 Oct 2026

Done

Initiation of refunds

05 Oct 2026

Done

Credit to demat

05 Oct 2026

Done

Listing date

07 Oct 2026

Done

Issue reservation

₹20 Cr

HNI (10L+) 18.66%9.42%Retail 65.64%5.14%

QIB

32,000 sh · ₹22,80,000

1.14%

HNI (10L+)

5.2 L sh · ₹3.73 Cr

18.66%

HNI (2-10L)

2.6 L sh · ₹1.88 Cr

9.42%

Retail

18.4 L sh · ₹13.13 Cr

65.64%

Market maker

1.4 L sh · ₹1.04 Cr

5.14%

Applications required for 1× subscription

Retail (≤₹2L)

575 forms

S-HNI (₹2–10L)

55 forms

B-HNI (>₹10L)

36 forms

From this issue's reservation split and lot size — the minimum bid each category can place.

BRLM: Kreo Capital Private Limited

Lot ladder — how much to bid

1 lot = 1600 shares

Individual · up to ₹2 L2+ lots

Min · 2 lots

3,200 sh · ₹2,30,400

Entry point

₹2,30,400 onward

sHNI · ₹2 L to ₹10 L3+ lots

Min · 3 lots

4,800 sh · ₹3,45,600

Entry point

₹3,45,600 onward

bHNI · Above ₹10 L9+ lots

Min · 9 lots

14,400 sh · ₹10,36,800

Entry point

₹10,36,800 onward

Issue details

Lead managersKreo Capital Private Limited

Fresh issue25,72,800 sh · ₹19 Cr

Offer for sale2,30,400 sh · ₹2 Cr

Face value₹10

Listing onNSE Emerge

RegistrarMAS Services Ltd.

Grey-market sentiment

No grey-market data yet.

Financials

Particulars	FY26	FY25	FY24
Assets	33.5	25.05	20.07
Total Income	33.54	31.76	26.29
PAT	5.21	4.72	2.11
Net Worth	16.14	10.93	6.2
Reserves & Surplus	9.32	10.17	5.45
Total Borrowings	9.99	8.97	10.28

Objects of the issue

Capacity Expansion: New manufacturing plant at Bachhasar, Bikaner, with machinery and 250 kW rooftop solar.
Existing Facility: Additional 125 kW rooftop solar at Garsisar.
Debt Reduction: Repayment/prepayment of bank borrowings.
Working Capital: Fund operational and working capital requirements.
Corporate Purposes: General expenses and brand building.

About the company

Papadmalji Agro Foods Limited, incorporated in December 2017, manufactures and markets papads and related food products, including handmade and machine-made papads, rice papads (Khichiya), vrat-special papads and moongodi. It also undertakes white-label manufacturing and trades in cereal pellets.

The Company operates two FSSAI-licensed manufacturing units in Bikaner, Rajasthan, and markets its products under brands such as Zhakaas, Vishal, Rozana, Diamond and Papadmalji. Its products are distributed across India through general trade, modern trade, quick-commerce and D2C channels, with exports reaching selected Middle Eastern markets. As of March 31, 2026, it had a presence across 21 states and 3 Union Territories and employed 118 people.

Company strengths

Focus on purity, health and wellness.
Diverse product range with multiple variants.
Experienced promoters and professional management.
Strong pan-India sales and distribution network.
Women-led traditional handmade production model.
Multi-channel presence across retail, modern trade, quick commerce and D2C.

Promoters

Jai AgarwalPremlata Agarwal

Registered office & contact

Papadmalji Agro Foods Limited

Address - Opp. Manav Bharti School,

Garsisar

Bikaner, Rajasthan, 334001

📞 +91 7300071153

✉️ cs@papadmalji.com

How to apply

1Create your account & log inSign up on Investoyard and complete a quick KYC.

2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.

3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.

4Approve the UPI mandateYou receive a fund-block request on your UPI app.

5DoneFunds stay blocked until allotment, then auto-debited (or released).

Frequently asked questions

What is the minimum investment in the Papadmalji Agro Foods Limited IPO?

One lot of 1600 shares — ₹2,30,400 at the upper price band of ₹72.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-10-07 on NSE SME.

₹69–72

Applications are closed.