Papadmalji Agro Foods IPO Details & GMP

Closed
GMP Today ₹0
Price Band ₹72
Lot Size 1600
GMP % 0.00%

About Papadmalji Agro Foods

Papadmalji Agro Foods Limited is launching its SME Initial Public Offering (IPO) on September 29, 2026. Based in Bikaner, Rajasthan, the company specializes in the manufacturing of traditional papad and snack products.

1. Key Dates & IPO Timetable

  • IPO Open Date: September 29, 2026

  • IPO Close Date: October 1, 2026

  • Basis of Allotment: October 5, 2026

  • Initiation of Refunds: October 6, 2026

  • Credit of Shares to Demat: October 6, 2026

  • Listing Date: October 7, 2026 (SME Segment)

2. Issue Details, Price Band, and Lot Size

The total issue size is ₹20.18 crores (up to 28.03 lakh shares), consisting of a fresh issue of ₹18.52 crores and an Offer for Sale (OFS) of ₹1.66 crores (2.30 lakh shares).

  • Price Band: ₹69 to ₹72 per equity share

  • Face Value: ₹10 per share

  • Base Lot Size: 1,600 shares

  • Listing Exchange: NSE SME / BSE SME

  • Reservation: QIB – 50%, Retail – 35%, NII/HNI – 15%

Application Requirements:

  • Retail Investors (Min & Max – 2 Lots): 3,200 shares amounting to ₹2,30,400 (calculated at the cap price of ₹72).

  • Small HNI (sNII – Min 3 Lots): 4,800 shares amounting to ₹3,45,600.

3. Business Highlights & Utilization of Funds

Company Overview & Objects of the Issue

Papadmalji Agro Foods operates from Bikaner, Rajasthan, producing traditional FMCG food items. Net proceeds from the fresh issue will be deployed towards:

  1. New Manufacturing Unit: Setting up a new production facility at Bachhasar, Bikaner (~₹7.82 crore).

  2. Debt Repayment: Repayment or prepayment of existing bank borrowings (~₹8.60 crore).

  3. Working Capital: Funding incremental working capital requirements (~₹2.81 crore).

  4. Green Energy: Installation of a 125 kW Rooftop Solar Power System at the existing Garsisar Unit (~₹0.31 crore).

  5. General corporate purposes.

4. Grey Market Premium (GMP)

  • Current GMP: ₹0 per share

  • Estimated Listing Price: ₹72 (at upper band)

  • Estimated Listing Gain: 0.00%

Note: Grey Market Premium is an informal indicator and can fluctuate dynamically based on market sentiment during the bidding window.

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Disclaimer: Grey Market Premium (GMP) is unofficial. We do not trade in the Grey Market. Investment in IPOs is subject to market risks. Read RHP carefully before investing.