Papadmalji Agro IPO
Market Sentiment
IPO Details
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Market Lot Size
Day-wise Subscription (times subscribed)
Financial Analysis
Financial Data
Financial Performance
| Metric | 2023 | 2024 | 2025 | June 2025 |
|---|---|---|---|---|
| Revenue | 25.00 | 26.29 | 31.76 | 8.10 |
| Expense | 24.76 | 24.16 | 27.04 | 6.04 |
| Profit (PAT) | 0.25 | 2.11 | 4.72 | 1.81 |
| Total Assets | 26.86 | 25.05 | 20.07 | 14.10 |
Promoters & Holding Pattern
Promoters: Jai Agarwal and Premlata Agarwal
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 41,59,017 | 60.98% |
| Promoter Holding Post Issue | 41,59,017 | 44.28% |
Strengths & Risks
- Strong institutional (QIB) demand — 86.9x.
- Revenue grew 21% in the latest reported year.
- Solid profit margin — 14.9%.
- Strong return on equity — 39%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Promoter stake drops to 44% after the issue.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Papadmalji Agro
Papadmalji Agro Foods Limited, incorporated in December 2017, began its journey by manufacturing and selling papads and related food products. Further, its product range includes handmade and machine-made papads, ready-to-fry papads, rice papads (Khichiya), vrat-special papads and moongodi. The company also makes handmade papads for other brands and sells cereal pellets under its own brand. It uses both traditional handmade methods and modern machinery for making, drying and packaging its products. It sells its products under brands such as Zhakaas, Vishal, Rozana, Diamond, and Papadmalji. Moreover, let’s have a look on companies strengths:
Company Contact Information
Papadmalji Agro Foods Ltd., Opp. Manav Bharti School,, Garsisar,, Bikaner, Rajasthan, 334001
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| 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 | 7.82 |
| Installation of 125 kW Rooftop Solar Power System at existing Garsisar Unit, Bikaner | 0.31 |
| Funding incremental working capital requirements of the Company | 2.81 |
| Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks | 8.60 |
| General Corporate Purposes | - |
Resources & Documents
IPO Documents
Draft Red Herring ProspectusPapadmalji Agro IPO - Quick Take
Papadmalji Agro has set a price band of Rs 69–Rs 72 per share for an issue size of Rs 20 crore. The stock listed with a 0.42% gain versus its issue price on October 07, 2026.
The issue is promoted by Jai Agarwal and Premlata Agarwal with Kreo Capital Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards funding the capital expenditure towards construction of building, mechanical and electrical works and procurement of pla… (Rs 8 crore) and installation of 125 kW Rooftop Solar Power System at existing Garsisar Unit, Bikaner (Rs 0 crore).
At the upper end of the price band, the issue is priced at a post-issue P/E of 12.97x. On fundamentals, the company is posting revenue growth of 20.8%, a profit margin of 14.9%, return on equity of 38.5% in its most recent reported period.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Papadmalji Agro IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. No grey market premium was recorded for Papadmalji Agro before it listed.
See the full Papadmalji Agro GMP history and trend, or learn how grey market premium works and how reliable it is.
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