IPO profile
Papadmalji Agro Foods Limited
PAPADMALJI · NSE
- Price band
- ₹69
- Subscription
- Not available
Application & Issue Details
- Minimum Quantity
- 1600 shares
- Minimum Application
- ₹1,10,400
- Issue Size
- Rs. 20 Cr
- Face Value
- Not available
- Issue Price
- ₹69
Company Overview
Papadmalji Agro Foods engages in the manufacturing of handmade papads, machine-made papads, rice papads, vrat special papads, and moongodi, along with the trading of cereal pellets. The company also carries out white-label manufacturing of handmade papads, producing goods that clients market under their respective brand names and tailored packaging. Revenue is primarily generated through product sales under its key core brands, including Vishal, Zhakaas, and Rozana, alongside direct-to-consumer sales under the Papadmalji brand. Products are distributed across multiple sales channels, such as general trade, modern trade, quick commerce, direct-to-consumer platforms, and sales to merchant exporters for selected Middle Eastern markets. Operations are based out of manufacturing units and facilities situated in Bikaner, Rajasthan. For handmade papad production, the business utilizes a decentralized operational system involving contractors and home-based women workers who perform hand rolling according to prescribed quality specifications before final inspection.
Important Dates
- Open Date
- 29 Sept 2026
- Close Date
- 1 Oct 2026
- Allotment Date
- Not available
- Listing Date
- 7 Oct 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
Subscription data not available yet.
Actual Listing Performance
- Listing Date
- 7 Oct 2026
- Actual Listing Price
- ₹72.3
- Gain/Loss Per Share
- +₹3.3
- Gain/Loss Per Lot
- +₹5,280
- Listing Gain/Loss %
- +4.78%
- Measured Against
- ₹69
- Lot Size
- 1600 shares
Historical result from the reported listing price, compared with the issue price. Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported strengths
- Established brand presence via Vishal, Zhakaas, and Rozana.
- Multi-channel distribution across general and modern trade.
- Scalable in-house and decentralized manufacturing model.
- Diverse portfolio of papads, moongodi, and cereal pellets.
- Promoters possess extensive food processing industry experience.
Key risks
- Revenue is heavily concentrated in the papad product segment.
- Significant dependency on a limited number of top customers.
- Operations and core sales are geographically concentrated in Rajasthan.
- Lacks long-term supply agreements for agricultural raw materials.
- Core brands face pending logo registrations and trademark oppositions.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 12:31 pm IST · GMP: ipoalerts · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.