The issue opened for bidding on Thursday (11 December 2025) and it will close on Monday (15 December 2025). The price band of the IPO was fixed between Rs 112 to Rs 118 per share. The minimum order quantity is 1,200 equity shares. The equity shares will list on BSE’s SME platform.

The IPO comprises fresh issue of 63,09,600 equity shares. The promoter and promoter group shareholding will dilute to 62.47% from 85% pre-issue.

About 3,57,600 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 59,52,000 equity shares.

The issue and the net issue will constitute 26.50% and 25%, respectively of the post issue paid-up equity share capital of the company.

The company intends to utilize the net proceeds for capital expenditure towards the establishment of a second cashew processing facility at Vizianagaram, Andhra Pradesh and General corporate purposes.

Ahead of the IPO, Pajson Agro on Wednesday, 10 December 2025, raised Rs 20.91 crore from anchor investors. The board allotted 17.72 lakh shares at Rs 118 each to 12 anchor investors.

Pajson Agro is engaged in processing raw cashew nuts into cashew kernels, supplying them to both domestic and international markets. Its product portfolio primarily comprises various grades of cashew nuts, which are processed and packaged in bulk as well as in consumer-oriented retail packs. Additionally, it markets select dry fruits under its white-label brand “Royal Mewa” through a combination of e-commerce platforms and offline distribution channels. The company operates through a multi-channel sales and distribution structure comprising four key verticals: wholesale mandis, institutional sales, exports, and its B2C brand, Royal Mewa. As of 31 July 2025, the company employed 465 permanent employees.

The company recorded revenue from operations of Rs 118.37 crore and a net profit of Rs 14.20 crore for the period ended 30 September 2025.