Archive · 29 Sep 2026
Papadmalji Agro Foods Opens ₹20.18 Crore SME IPO
Papadmalji Agro Foods is selling shares to the public through a small-company IPO.
People can apply from September 29 to October 1, 2026.
Each share costs between ₹69 and ₹72.
The company hopes to raise ₹20.18 crore in total.
Most of the money from new shares will help build a factory in Bachhasar, Bikaner.
The project will include machinery and a rooftop solar system.
Some money will also be used to repay bank loans and support business needs.
A separate shareholder will receive the money from the shares it is selling.
The shares are expected to begin trading on NSE SME on October 7.
Papadmalji Agro Foods’ SME IPO opened on September 29, 2026, with bidding closing on October 1.
The issue has a ₹69–72 price band and comprises 28,03,200 shares valued at up to ₹20.18 crore.
The offering includes 25,72,800 fresh shares and 2,30,400 shares sold by India Customer Insight Fund.
Fresh-issue proceeds will fund a Bikaner manufacturing facility, a 250 kW rooftop solar system, debt repayment and general corporate purposes.
The shares are expected to list on NSE SME on October 7 after allotment on October 5 and demat credit on October 6.
- Who
- Papadmalji Agro Foods Limited, a Bikaner-based manufacturer of papads and other processed food products.
- What
- A 28,03,200-share SME IPO intended to raise ₹20.18 crore.
- When
- The IPO opened on September 29, 2026, closes on October 1, allotment is expected on October 5, demat credit on October 6, and listing on October 7.
- Where
- The company operates in Bikaner, Rajasthan, plans a facility at Bachhasar in Bikaner, and proposes to list the shares on NSE SME.
- Why
- To finance construction and equipment for a new facility, install a 250 kW rooftop solar system, repay or prepay bank borrowings and fund general corporate purposes.
- Price band
- ₹69–72 per share
- Total issue size
- 28,03,200 shares; up to ₹20.18 crore
- Fresh issue
- 25,72,800 shares, aggregating to ₹18.52 crore
- Offer for sale
- 2,30,400 shares sold by India Customer Insight Fund, aggregating to ₹1.66 crore
- Subscription period
- September 29–October 1, 2026
- Expected listing
- October 7, 2026 on NSE SME
- FY2026 financials
- Revenue of ₹33.53 crore, EBITDA of ₹8.44 crore and profit after tax of ₹5.21 crore
