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Latest GMP
- Lead Manager
- Kreo Capital Private Limited
- IPO Registrar
- MAS Services Limited
- IPO Open Date
- 29th Sep 2026
- IPO Close Date
- 1st Oct 2026
- Allotment date
- 5th Oct 2026
- Listing date
- 7th Oct 2026
- Issue Size
- ₹ 20 Cr.
- Issue Price Band
- ₹ 69 to 72
- Lot Size
- 1600 Share
- Minimum Investment
- ₹ 230400
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Papadmalji Agro Foods Limited
Incorporated in 2017, Papadmalji Agro Foods Ltd is engaged in the processing and manufacturing of agro-based food products, focusing on quality-driven production, sourcing raw agricultural inputs, and delivering packaged food items to consumers.
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.
Business Focus
Papadmalji Agro Foods Ltd emphasizes hygiene, consistent quality, and efficient distribution, supporting farmers and food supply chains while meeting regulatory standards and growing demand for processed and value-added agro food products.
White Label Manufacturing
In addition to in-house manufacturing, they also undertake white label manufacturing of Handmade Papads for clients, wherein products are produced by the Company and marketed by clients under their respective brand names and packaging, tailored to their target market.
Distribution Network
As of June 30, 2025, the distribution network comprises:
- 68 distributors
- 25 wholesalers
Collectively servicing 5,965 retail outlets in the general trade channel through distributors and wholesalers.
Competitive Strengths
- Amongst the few organized players exclusively in the papad segment leveraging strategically located manufacturing facilities
- Extensive and well-established sale and distribution network
- Multi Channel Presence
- Wide Range of Products with diverse variants
- Purity, Health & Wellness Focus
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 32,000 (1.20%) | 27,79,200 | 86.85 |
| NII | 7,87,200 (29.60%) | 11,80,800 | 1.50 |
| bNII (> ₹10L) | 5,23,200 (19.68%) | 10,11,200 | 1.93 |
| sNII (< ₹10L) | 2,64,000 (9.93%) | 1,69,600 | 0.64 |
| Retail | 18,40,000 (69.19%) | 29,28,000 | 1.59 |
| Total | 26,59,200 (100.00%) | 68,88,000 | 2.59 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 25-09-2026 | ₹72 | ₹0 | ₹72 ( 0.00% ) | ₹0.00 | 25-Sep-2026 05:00 PM |
Financials of Papadmalji Agro Foods Limited
A quick overview of the key Financial Performance of Papadmalji Agro Foods Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 6%, Profit after Tax (PAT) increased by 10%, Total Assets increased by 34% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 26.27 | 31.75 | 33.53 |
| Assets | 20.07 | 25.05 | 33.50 |
| Total Income | 26.29 | 31.76 | 33.54 |
| Profit After Tax | 2.11 | 4.72 | 5.21 |
| EBITDA | 3.31 | 5.98 | 8.44 |
| Net Worth | 6.20 | 10.93 | 16.14 |
| Reserves & Surplus | 5.45 | 10.17 | 9.32 |
| Total Borrowings | 10.28 | 8.97 | 9.99 |
IPO Lot Size
Application
Lots
Shares
Amount
Individual Investors (IND) (Min)
2
3,200
₹ 2,30,400
Individual Investors (IND) (Max)
2
3,200
₹ 2,30,400
S-HNI (Min)
3
4,800
₹ 3,45,600
S-HNI (Max)
8
12,800
₹ 9,21,600
B-HNI (Min)
9
14,400
₹ 10,36,800
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 3,200 | ₹ 2,30,400 |
| Individual Investors (IND) (Max) | 2 | 3,200 | ₹ 2,30,400 |
| S-HNI (Min) | 3 | 4,800 | ₹ 3,45,600 |
| S-HNI (Max) | 8 | 12,800 | ₹ 9,21,600 |
| B-HNI (Min) | 9 | 14,400 | ₹ 10,36,800 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 38.51 |
| ROCE (%) | 46.47 |
| Debt / Equity | 0.62 |
| RoNW (%) | 32.29 |
| PAT Margin (%) | 15.54 |
| EBITDA Margin (%) | 25.16 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
7.64
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
60.98
44.28
|
IPO Lead Manager(s)
Lead Manager Details
- Kreo Capital Private Limited
- Contact Person: Mr. Ayush Parakh
- SEBI Registration Number: INM000012689
- Investor Grievance Email: compliance@kreocapital.com
- Website: https://www.kreocapital.com
- Email: publicissue@kreocapital.com
- Phone: 0712-2997550 / 0712-2997551
- Address: 2nd Floor, VCA Complex, Near Gate No. 08, Civil Lines, Sadar Bazar, Nagpur - 440001, Maharashtra, India
IPO Registrar
- Registrar Name
- MAS Services Limited
- ipo@masserv.com
- Phone
- 011 2638 7281-83, 011 4132 0335
- Contact Person
- N. C. Pal
- SEBI Registration Number
- INR000000049
- Address
- T-34, 2nd Floor, Okhla Industrial Area, Phase-II, New Delhi - 110020, India
- Website
- https://www.masserv.com/
Company Contact Details
- Company Name
- Papadmalji Agro Foods Limited
- cs@papadmalji.com
- Phone
- +91 7300071153
- Contact Person
- Ms. Khushboo Tak Singhal
- Corporate Identity Number
- U15119RJ2017PLC059795
- Address
- Opp. Manav Bharti School, Garsisar, Bikaner, Rajasthan, India - 334001
- Website
- https://papadmalji.com/
Papadmalji Agro Foods Limited FAQs
