Papadmalji Agro Foods IPO

Final subscription

The bidding window has closed. These are the last recorded figures for each category.

Figures from bidding day 3. A multiple of 1.00x means bids exactly covered the shares offered; above that the issue is oversubscribed. Source share counts are not published in this dataset, so only the multiple is shown.

The dates that matter

An Indian IPO runs on a fixed calendar. Bidding stays open for three working days, the allotment is finalised the next working day, and the shares begin trading the day after that.

Issue dates

1. Bidding opensCompleted

   29 September 2026

2. Bidding closesCompleted

   1 October 2026

3. Basis of allotmentNext

   5 October 2026 in today

4. Refunds initiated

   6 October 2026

5. Shares credited to Demat

   6 October 2026

6. Listing on the exchange

   7 October 2026

Grey market premium

No premium was quoted for this issue on any of the 12 days we hold a record for. A blank record is not a premium of zero, and it says nothing about demand either way.

About Papadmalji Agro Foods

Papadmalji Agro Foods Ltd. makes and sells papads and related food products from Bikaner, Rajasthan. The company runs two FSSAI-licensed manufacturing units and makes hand-made papads, machine-made papads, ready-to-fry papads, rice papads (Khichiya), vrat-special papads and moongodi. Hand-made papads come from the Batara-Batari model, where contractors supervise women who roll papads at home. The company also makes hand-made papads on a white-label basis for clients who sell them under their own brands, and trades in cereal pellets under its own brand. Five brands cover different categories and channels: Zhakaas, Vishal, Rozana, Diamond and Papadmalji. Raw materials such as urad dal, moong dal, spices and edible oils come mostly from domestic markets in Rajasthan. Sales run through general trade, modern trade, quick-commerce platforms and a direct-to-consumer website. As of March 31, 2026, the network reached 21 states and 3 Union Territories, and the company had 118 employees. An independent merchant exporter carries its products to selected Middle Eastern markets. India Customer Insight Fund, a SEBI-registered Alternative Investment Fund, has held an equity stake since 2018.

Promoters

• Jai Agarwal
• Premlata Agarwal
• Aanya Agarwal

Financial highlights

The last three fiscal years as the offer document states them. Reading across a row shows whether the figure has grown, which is why the years run left to right.

Figures are in ₹ crore and reproduced from the offer document, covering Mar 2024 to Mar 2026. A dash means the document does not state that figure for that period. A fiscal year ending March is labelled by its closing month, and where the document states a figure on a different basis the label here follows the document rather than normalising it.

Key ratios

Valuation and return ratios calculated from the issuer's financials. These are the figures the issue price is usually judged against, and the offer document carries the working behind each one.

Ratios are stated as published. A ratio that is absent here was not stated in the document, and is not the same as a ratio of zero.

What the money is for

Every issue states its objects in the offer document. These are reproduced from it, largest first, so you can see where most of the raise is going.

• 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

  ₹7.90 Cr

• Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks

  ₹5.80 Cr

• General Corporate Purposes

  Amount not stated

Who gets what share

SEBI fixes how much of a book-built issue each investor category can be allotted. This is the split for this issue as stated in the offer document.

Percentages are reproduced as text from the offer document. A dash means the document does not state an amount for that category. Categories are labelled using the document's own terms, which differ slightly between issues.

Questions people ask

Sources

• National Stock Exchange of India. "Upcoming and current public issues, with live bid quantities." The exchange publishes the bidding figures this page is built from, and is the authority on them. Accessed 15 September 2026.
• BSE. "Public issues — current and forthcoming." The second exchange carrying this issue, and the second source for its bidding data. Accessed 15 September 2026.
• Securities and Exchange Board of India. "Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018." The regulation that sets the issue process, the categories and the allotment rules. Accessed 15 September 2026.
• Papadmalji Agro Foods issue particulars are compiled and published by Ankit Kumar, Founder of DematOpen, refreshed every 30 minutes, and reviewed against the offer document. The record was last updated 5 October 2026. The offer document and the registrar above are the primary sources for anything you intend to act on.