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Papadmalji Agro Foods IPO
3.21xsubscribed

Papadmalji Agro Foods IPO

Consumer Food
listed
₹2.21LMin. investment

Papadmalji Agro Foods Limited IPO Details

SectorConsumer Food
Price range₹69.00 – ₹72.00
IPO type
SME
Lot size1600 shares
Issue size₹20Cr
Draft Red Herring Prospectus
Read
Market cap
₹67.63CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹33.53CrLower than sector avg
Growth rate3Y CAGR
12.98%

Papadmalji Agro Foods IPO Subscription Status

Date
QIB
NII
Retail
Total
29-Sep-26
86.85 times (X)
0.02 times (X)
0.51 times (X)
1.74 times (X)
30-Sep-26
86.85X
1.51X
0.8X
2.18X
01-Oct-26
86.85X
4.47X
1.57X
3.21X

As on 29-Sep-26, 5:30 PM

Papadmalji Agro Foods IPO Timeline

  1. Pre-apply
    28 Sep 2026
  2. Bid start
    29 Sep 2026
  3. Bid end
    1 Oct 2026
  4. Allotment
    5 Oct 2026
  5. Release of funds
    6 Oct 2026
  6. Demat transfer
    6 Oct 2026
  7. Listing
    7 Oct 2026

About Papadmalji Agro Foods Limited

Papadmalji Agro Foods is a Bikaner-based food company engaged in the in-house manufacture of handmade papads, machine-made papads, ready-to-fry papads, rice papads (khichiya), vrat-special papads and moongodi.
It also undertakes white-label manufacturing of handmade papads and trades cereal pellets under its own brand. The portfolio is sold under Zhakaas, Vishal, Rozana, Diamond and Papadmalji through general trade, modern trade, quick commerce, a direct-to-consumer platform and an independent merchant exporter.
The company operates two FSSAI-licensed manufacturing units in Bikaner: the 15,480 sq. ft. Gharsisar unit and the 4,800 sq. ft. Karni unit. Handmade papads are produced through the Batara-Batari model, in which contractors supervise women workers who roll and sun-dry papads from home. Machine-based production covers dough preparation, sheeting, rolling, cutting, drying and packaging. The raw-material sourcing is done from domestic market, primarily within Rajasthan.
In FY26, in-house machine-made products contributed 59.12% of revenue from operations, in-house handmade papads 31.36%, white-label manufacturing 5.90% and trading 3.62%. Compared with FY24, the machine-made share increased from 49.03%, while white-label manufacturing declined from 15%. By product, handmade papads were 41.33% of FY26 revenue, machine-made papads 27.86%, rice papads 24.09%, moongodi 1.76%, cereal pellets 1.63%, vrat-special papads 0.35%, papad choori 0.11% and other products 2.87%.General trade contributed 57.91% of FY26 revenue, while modern trade increased to 40.74%.
Quick commerce, direct-to-consumer sales and the merchant-exporter channel contributed 1.07%, 0.01% and 0.27%, respectively, in FY26. Rajasthan accounted for 50.4% of FY26 revenue, followed by Haryana at 12.1%, Assam at 9.4%, Uttar Pradesh at 7.8% and Punjab at 6.4%. As of March 31, 2026, products were sold in 21 states and 3 Union Territories. The company does not export directly; it sells in India to an independent merchant exporter that supplies the UAE, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain.

Checklist

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Objectives of Papadmalji Agro Foods Limited IPO

Working capital requirements
42.65%
The company will spend ₹7.90 crore to build its new factory facility in Bikaner.
Repayment of borrowings
31.30%
The company will utilise ₹5.80 crore to repay certain outstanding borrowings
General corporate purposes
26.02%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹33.53Cr12.98%₹5.21Cr₹67.63Cr9.420.62
This sector (avg.)₹1,087.57Cr0%₹78.55Cr₹7,146.66Cr43.500.91
₹20,201.56Cr---₹3,207.59Cr₹2,56,928.6Cr78.770.29
₹20,481.33Cr---₹2,634.29Cr₹1,59,376.2Cr53.620.17
₹17,942.67Cr---₹2,177.86Cr₹1,41,160.9Cr60.930.29

*Revenue for financial year 2025-26. Lower P/E and D/E ratios are generally preferred.

Papadmalji Agro Foods IPO Contact Details

Company NamePapadmalji Agro Foods Limited

How to apply for Papadmalji Agro Foods IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Papadmalji Agro Foods Limited IPO FAQs

Investors can apply for the Papadmalji Agro Foods IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Papadmalji Agro Foods IPO is 20 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Papadmalji Agro Foods IPO will be open between 2026-09-29 and 2026-10-01.
Papadmalji Agro Foods IPO allotment date is 2026-10-06. For Papadmalji Agro Foods IPO allotment status check, you can visit the website of the registrar of the IPO.
For Papadmalji Agro Foods IPO, the IPO registrar is MAS Services Limited. You can check Papadmalji Agro Foods IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Papadmalji Agro Foods IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Papadmalji Agro Foods IPO lot size is 1600 and minimum order quantity is 3200.
Papadmalji Agro Foods IPO has set the price band for its IPO at 72 per equity share with a face value of 10.