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Papadmalji Agro Foods IPOLISTED
Papadmalji Agro Foods Limited manufactures and markets papads and related food products, including hand-made, machine-made, ready-to-fry and specialty papads under brands such as Zhakaas, Vishal and Papadmalji.
Listing price
₹72.3
Listing gain
+0.42%
Current
₹72.3
Listed
07 Oct 26
Opens
29 Sept 26Closes
01 Oct 26Allotment
05 Oct 26Refund
06 Oct 26Demat
06 Oct 26Listing
07 Oct 26Listed at
₹72.3
+0.42% on 07 Oct 26
Overview
Price band
₹69-72
Lot size
1600 shares
Min. investment
₹2,30,400
Issue size
₹20.18 Cr
28.03 L shares
Fresh issue
₹18.52 Cr
25.73 L shares
Offer for sale
₹1.66 Cr
2.30 L shares
Face value
₹10 / share
Issue type
Book Built Issue
Listing at
NSE
Reservation
| Category | Shares offered | % of issue |
|---|---|---|
| Market Maker | 1,44,000 | 5.14% |
| QIB | 32,000 | 1.14% |
| NII (HNI) | 7,87,200 | 28.08% |
| B-HNI | 5,23,200 | 18.66% |
| S-HNI | 2,64,000 | 9.42% |
| Individual | 18,40,000 | 65.64% |
| Total | 28,03,200 | 100% |
Lot size & investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,30,400 |
| Retail (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 |
Listing performance
NSE/BSE: PAPADMALJIAGROFOODSListing gain
+0.42%
Gain per retail lot
₹960
Latest vs issue
—
GMP was
—
Issue price
Listing price
Latest price appears here during market hours.
Papadmalji Agro Foods Live GMP
Not enough GMP history yet to draw a trend.
Subscription
11 Oct, 12:56 pmOversubscribed 2.59 times · 958 applications
Total applications
958
Total bid amount
₹49.59 Cr
Category breakdown
| Category | Shares offered | Shares bid | Times | Bid amount |
|---|---|---|---|---|
| QIB | — | — | 86.85x | ₹20.01 Cr |
| NII (HNI) | — | — | 1.50x | ₹8.5 Cr |
| B-HNI | — | — | 1.93x | ₹7.28 Cr |
| S-HNI | — | — | 0.64x | ₹1.22 Cr |
| Retail | — | — | 1.59x | ₹21.08 Cr |
| Total | — | — | 2.59x | ₹49.59 Cr |
Financials
(₹ in crores)
Key performance indicators
As of 31 Mar 2026ROE
38.51%
PAT Margin
15.54%
ROCE
46.47%
EBITDA Margin
25.16%
Debt to Equity Ratio
0.62
Price to Book Value
3.04
RoNW
32.29%
Valuation vs listed peers
EPS Pre IPO
₹7.64
EPS Post IPO
₹5.55
P/E Pre IPO
9.42
P/E Post IPO
12.97
Buzz AI analysis
From this IPO's filings and market data · educational, not investment advice
Revenue growth FY24 → FY26
+27.6%
Profit growth FY24 → FY26
+146.9%
ROCE
46.47%
- PAT margin 15.5% and ROCE 46.5%.
Strengths & risks
- Strong Distribution Network with 76 distributors and 30 wholesalers.
- Diverse Brand Portfolio across five brands and multiple consumer segments.
- Wide Product Range including handmade, machine-made and specialty papads.
- Scalable Manufacturing combining traditional and automated production.
- Experienced Promoters with over a decade of industry experience.
Buzz score · Neutral
From GMP, subscription and issue size
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. | 7.9 |
| Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks. | 5.8 |
| General Corporate Purposes. | - |
Company & documents
Papadmalji Agro Foods Limited is a Bikaner, Rajasthan-based food products company engaged in the manufacturing and marketing of papads and related food products, including hand-made, machine-made, ready-to-fry and rice papads, along with vrat-special papads and moongodi. It also undertakes white-label manufacturing and trades in cereal pellets.
The Company combines traditional hand-made production with semi-automated and automated processes and markets its products under the brands Zhakaas, Vishal, Rozana, Diamond and Papadmalji.
It operates two FSSAI-licensed manufacturing units in Bikaner, with the Gharsisar unit certified under ISO 22000:2018. Its products are distributed through general trade, modern trade, quick-commerce and its D2C website, with a presence across 21 states and 3 Union Territories as of March 31, 2026.
As of March 31, 2026, the Company had a total workforce of 118 employees across management, finance, production, quality control, sales and marketing, supply chain, maintenance and other functions.
Registrar
Company contact
Papadmalji Agro Foods Limited
Opp. Manav Bharti School, Garsisar, Bikaner, Rajasthan, 334001
Phone: +91 7300071153
Email: cs@papadmalji.com
Book running lead managers
- Kreo Capital Pvt. Ltd.
Promoters
- Jai Agarwal
- Premlata Agarwal
- Aanya Agarwal