Papadmalji Agro Foods
LISTEDIPO Date: 29 Sept - 1 Oct 2026
Listing Date: 7 Oct 2026
Price Range
Rs.69 - Rs.72
Issue Size
20 Cr
Min Investment
₹2,20,800
2 lots minimum (SEBI rule for SME)
Min Application
3200 Shares
1600 per lot × 2
Schedule of Papadmalji Agro Foods
Issue open date
29 Sept 2026
Issue close date
1 Oct 2026
UPI mandate deadline
1 Oct 2026 (5 PM)
Allotment finalization
5 Oct 2026
Share credit
6 Oct 2026
Listing date
7 Oct 2026
Mandate end date
16 Oct 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 20 Cr |
| Fresh Issue | 18.52 Cr |
| Offer for Sale | 1.66 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 5 Oct 2026 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 7 Oct 2026Latest | ₹72 | ₹0 | ₹72(0%) |
| 6 Oct 2026 | ₹72 | ₹0 | ₹72(0%) |
| 5 Oct 2026 | ₹72 | ₹0 | ₹72(0%) |
| 4 Oct 2026 | ₹72 | ₹0 | ₹72(0%) |
| 3 Oct 2026 | ₹72 | ₹0 | ₹72(0%) |
| 2 Oct 2026 | ₹72 | ₹0 | ₹72(0%) |
| 1 Oct 2026 | ₹72 | ₹0 | ₹72(0%) |
| 30 Sept 2026 | ₹72 | ₹0 | ₹72(0%) |
| 29 Sept 2026 | ₹72 | ₹0 | ₹72(0%) |
| 28 Sept 2026 | ₹72 | ₹0 | ₹72(0%) |
| 27 Sept 2026 | ₹72 | ₹0 | ₹72(0%) |
| 26 Sept 2026 | ₹72 | ₹0 | ₹72(0%) |
Performance Papadmalji Agro Foods
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.69 - Rs.72 | ₹ 72 (0.42%) | ₹ 43 | -40.28% |
About Papadmalji Agro Foods
Papadmalji Agro Foods is a food products company headquartered in Bikaner, Rajasthan, engaged in the in-house manufacturing of hand-made and machine-made papads, ready-to-fry papads, rice papads (khichiya), vrat-special papads, and moongodi. The company also undertakes white-label manufacturing of hand-made papads for clients, who sell the products under their own brands and packaging. In addition, it trades in cereal pellets under its own brand. Its manufacturing facilities use semi-automated and automated machinery for dough preparation, sheeting, rolling, cutting, drying, and packaging. The company operates under five brands: Zhakaas, Vishal, Rozana, Diamond, and Papadmalji, covering different product categories and distribution channels. Its products are sold through general trade, modern trade, quick commerce platforms, and its direct-to-consumer website. Exports are done through an independent merchant exporter, which handles exports to select Middle Eastern countries.
| Founded in | 2017 |
| Managing director | Mr Jai Agarwal |
| Parent organization |
Financial Overview
Strengths
5- 1
Established brand presence via Vishal, Zhakaas, and Rozana.
- 2
Multi-channel distribution across general and modern trade.
- 3
Scalable in-house and decentralized manufacturing model.
- 4
Diverse portfolio of papads, moongodi, and cereal pellets.
- 5
Promoters possess extensive food processing industry experience.
Risks
5- 1
Revenue is heavily concentrated in the papad product segment.
- 2
Significant dependency on a limited number of top customers.
- 3
Operations and core sales are geographically concentrated in Rajasthan.
- 4
Lacks long-term supply agreements for agricultural raw materials.
- 5
Core brands face pending logo registrations and trademark oppositions.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 86.85 |
| Non-Institutional Investors (NIIs) | 1.32 |
| Retail Individual Investors (RIIs) | 1.59 |
| Employee | N/A |
| Total | 2.54 |