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Papadmalji Agro Foods Sets September IPO Price Band
Papadmalji Agro Foods is offering some of its shares to the public.
People can apply between September 29 and October 1, 2026.
Each share will cost between Rs 69 and Rs 72.
The company hopes to raise Rs 20.18 crore.
It plans to use the money to build a new factory in Bikaner.
Some funds may also repay loans and support general business needs.
The company makes different kinds of papads and other food products.
Its shares are expected to be listed on the NSE SME platform on October 7, 2026.
Papadmalji Agro Foods will open its SME IPO for subscription from September 29 to October 1, 2026.
The company has set a price band of Rs 69 to Rs 72 per share and aims to raise Rs 20.18 crore.
The issue comprises 25.73 lakh fresh shares and a 2.30 lakh-share offer for sale.
Proceeds will fund a new manufacturing facility in Bachhasar, Bikaner, debt repayment, and general corporate purposes.
The shares are expected to list on NSE SME on October 7, 2026, following allotment and demat credit dates.
- Who
- Papadmalji Agro Foods Limited, a Bikaner-based food manufacturer.
- What
- An SME initial public offering of 28,03,200 shares to raise Rs 20.18 crore.
- Where
- The company is based in Bikaner, Rajasthan, and plans a new facility at Bachhasar, Bikaner; shares are proposed to list on NSE SME.
- When
- Subscription is scheduled for September 29-October 1, 2026; listing is expected on October 7, 2026.
- Why
- To finance construction and equipment for a new manufacturing facility, install a 250 kW rooftop solar system, repay borrowings, and fund general corporate purposes.
Key facts
- IPO price band
- Rs 69-Rs 72 per share
- Issue size
- Rs 20.18 crore
- Total shares offered
- 28,03,200 shares
- Subscription period
- September 29-October 1, 2026
- Expected listing
- October 7, 2026 on NSE SME
- Minimum retail application
- 3,200 shares, requiring Rs 2,30,400 at the upper price band
- FY2026 revenue and PAT
- Revenue of Rs 33.53 crore and profit after tax of Rs 5.21 crore
Sources
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