Papadmalji Agro Foods IPO Details
Factual IPO information from public filings. Not investment advice.
Issue Details
- Price Band
- ₹69 – ₹72
- Lot Size
- 1,600 shares
- Min. Investment
- ₹1,15,200
- Total Issue Size
- ₹20.18 Cr
- 28,02,778 shares
- Fresh Issue
- ₹18.52 Cr
- 25,72,800 shares
- Offer for Sale
- ₹1.66 Cr
- 2,30,400 shares
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- NSE SME
- Shares Pre-Issue
- 68,19,588
- Shares Post-Issue
- 93,92,388
Lot Size & Investment
1 lot = 1,600 shares
Retail (min)
1 lot · 1,600 shares
Retail (max)
1 lot · 1,600 shares
S-HNI (min)
2 lots · 3,200 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual | 2 | 3,200 | ₹2,30,400 |
| Small HNI (S-HNI) | 3 | 4,800 | ₹3,45,600 |
| Big HNI (B-HNI) | 9 | 14,400 | ₹10,36,800 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 33.5 | 25.05 | 20.07 |
| Total Income | 33.54 | 31.76 | 26.29 |
| Profit After Tax | 5.21 | 4.72 | 2.11 |
| EBITDA | 8.44 | 5.98 | 3.31 |
| Net Worth | 16.14 | 10.93 | 6.2 |
| Reserves & Surplus | 9.32 | 10.17 | 5.45 |
| Total Borrowing | 9.98 | 8.97 | 10.27 |
Key Performance Indicators
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| ROE (%) | 38.51 | 55.15 | 40.92 |
| ROCE (%) | 46.47 | 44.51 | 32.26 |
| EPS (₹) | 7.64 | 6.93 | 3.09 |
| P/E (pre-issue) | 9.42 | — | — |
| P/E (post-issue) | 12.97 | — | — |
About Papadmalji Agro Foods
Incorporated in 2017, Papadmalji Agro Foods makes papads and related food products in Bikaner, Rajasthan, taking over the Vishal Namkeen Bhandar proprietorship in 2018, which had traded since 2012. The range covers hand-made and machine-made papads including ready-to-fry variants, rice papads known as khichiya, vrat special papads, the lentil ingredient moongodi, and traded cereal pellets sold under its own brand. It also produces hand-made papads on a white-label basis for other brands. Two FSSAI-licensed units operate in Bikaner, one of which holds ISO 22000:2018 certification.
Company Information
Strengths (from RHP)
- A distribution network built up since 2012 carries the products across its markets.
- Sales run through its own brand, white-label production and traded goods rather than a single channel.
- The range covers several papad types and related products rather than one line.
Key risks (from RHP)
- A limited number of customers account for much of revenue.
- Raw materials come from a concentrated group of suppliers without long-term contracts.
- The business depends on distributors and retail channels it does not own.
- Book running lead managers
- Kreo Capital Private Limited
- Registered office
- Opp. Manav Bharti School, Garsisar, Bikaner, Rajasthan, 334001