Papadmalji Agro Foods to open ₹20.18 crore NSE SME IPO on 29 September
Bikaner-based papad maker Papadmalji Agro Foods will launch its NSE SME issue at ₹69-72 a share. The company sells under brands including Zhakaas, Vishal, Rozana and Diamond across 21 states and three Union Territories.
What happened
Papadmalji Agro Foods will launch a ₹20.18 crore NSE SME IPO on 29 September. The Bikaner-based papad maker sells through general and modern trade, quick
Key facts
- IPO opens 29 September 2026 and closes 1 October 2026
- Total issue size: ₹20.18 crore
- Price band: ₹69-₹72 per share
- Fresh issue: 25.73 lakh shares raising ₹18.52 crore
- OFS: 2.30 lakh shares worth ₹1.66 crore
What changed
Papadmalji Agro Foods will launch a ₹20.18 crore NSE SME IPO on 29 September. The Bikaner-based papad maker sells through general and modern trade, quick commerce and D2C, with distribution spanning 21 states and three Union Territories.
Why this matters
Papadmalji Agro Foods’ NSE SME IPO highlights the growing scale of regional packaged-food brands, with its Zhakaas, Vishal, Rozana and Diamond portfolio distributed across 21 states and three Union Territories.
What to watch
- Subscription levels across retail, HNI and other investor categories during the 29 September offering window.
- Grey-market premium and final issue-price demand, while treating both as sentiment indicators rather than fundamentals.
- Listing-day turnover, delivery participation and sustained liquidity after the initial trading period.
- Stated use of proceeds, especially the split between working capital, capacity, debt repayment, branding and general corporate purposes.
- Quarterly revenue growth, EBITDA margin, receivable days and inventory days versus pre-IPO levels.