• Total Issue Size - Up To 63,09,600 Equity Shares of ₹ 10 each • IPO Size - ₹ 74.45 Crore (At Upper Price Band) • Price Band - ₹ 112 - ₹ 118 Per Share • Lot Size - 1,200 Equity Shares Mumbai, December 11, 2025 – Pajson Agro India Limited processes raw cashew nuts into kernels under its ‘Royal Mewa’ brand, proposes to open its Initial Public Offering on Thursday, December 11, 2025 aiming to raise ₹ 74.45 Crore (At Upper Price Band), with shares to be listed on the BSE SME platform.

The issue size is 63,09,600 equity shares at a face value of ₹ 10 each with a price band of ₹ 112 - ₹ 118 Per Share.

Equity Share Allocation • Anchor Portion – Up To 17,72,400 Equity Shares • Qualified Institutional Buyer – Up To 11,82,000 Equity Shares • Non-Institutional Investors – Not less than 9,00,000 Equity Shares • Retail Individual Investors - Not less than 20,97,600 Equity Shares • Market Maker – Up To 3,57,600 Equity Shares The net proceeds from the IPO will be utilized for Capital Expenditure towards Establishment of a Second Cashew Processing Facility at Vizianagaram, Andhra Pradesh and General Corporate Purpose. The anchor portion will open on December 10, 2025 and for public Issue will open on December 11, 2025 and close on December 15, 2025. The Book Running Lead Manager to the Issue is Smart Horizon Capital Advisors Private Limited, The Registrar to the Issue is Bigshare Services Private Limited.

Mr. Aayush Jain, Chairman & Managing Director of Pajson Agro India Limited, expressed, “Our journey began with a simple belief to deliver high-quality, ethically sourced cashew products that set benchmarks in consistency, taste and trust. Over the years the company has grown from a regional processor to a Pan-India brand with a strong presence across 18 states, 3 Union Territories, and a network of 71 distributors, supported by long-standing relationships with leading industry partners.

This growth has been built on relentless focus on product quality, efficient processing, and customer-centric innovation. With our integrated value chain and utilisation of by-products for agricultural and industrial applications, we have continued to create sustainable impact and enhance value at every step.

As we take the next transformative step through this IPO, our vision is to further scale our processing capabilities, expand domestic and international reach, and strengthen our consumer brand ‘Royal Mewa’. The establishment of our second processing facility in Vizianagaram, Andhra Pradesh will significantly enhance capacity and support future growth, enabling us to serve a wider market with greater efficiency and product depth.” Mr. Parth Shah, Founder & Director of Smart Horizon Capital Advisors Private Limited, stated, “We are pleased to partner with Pajson Agro India Limited in its IPO journey. The company has established a strong presence in the cashew processing and dry fruits segment with a diversified business model across wholesale, institutional, exports, and its B2C brand ‘Royal Mewa’, supported by a wide pan-India distribution network and reputed client base.

The IPO will play a key role in supporting the company’s next phase of growth through the establishment of a second processing facility at Vizianagaram, enhancing capacity and operational efficiency. The funds raised will support the company in driving growth opportunities, expanding its market reach, and further strengthening its position in the value-added agri-processing industry.” About Pajson Agro India Limited: Pajson Agro India Limited is engaged in processing raw cashew nuts into kernels for domestic and international markets. The company offers various grades of cashew nuts, processed and packaged in both bulk and consumer retail packs. It also markets select dry fruits under its white-label brand “Royal Mewa” through a mix of e-commerce platforms and offline distribution channels. Additionally, the company utilizes by-products such as cashew husks and shells for agricultural and industrial applications, generating added value from its processing operations.

The company has a strong Pan India presence across 18 States and 3 Union Territories, supported by 71 distributors and a manufacturing facility in Andhra Pradesh with an installed capacity of 18,000 MT. It operates through four key verticals including Wholesale Mandis, Institutional Sales, Exports, and the B2C brand Royal Mewa, and caters to leading clients such as Bikanervala, More Retail, Nutraj, Farmley, Reliance Retail, and Haldiram.

The Company’s growth vision focuses on expanding its domestic and global footprint while enhancing processing capacity and supply capabilities. By leveraging industry expertise and market insights, it aims to broaden its product portfolio and establish long-term relationships with customers and suppliers, strengthening its position as an integrated player in the cashew processing industry.

In FY25, The Company achieved a Revenue of ₹ 18,726.83 Lakhs, EBITDA of ₹ 3,026.83 Lakhs & PAT of ₹ 2,041.72 Lakhs.

For the six-month period ended September 2025, the Company achieved a Revenue of ₹ 11,837.07 Lakhs, EBITDA of ₹ 2,107.36 Lakhs & PAT of ₹ 1,419.59 Lakhs.

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

Pajson Agro IPO on BSE SME: up to 63.09 lakh shares at ?112-?118, raising ~?74.45 crore. Pajson Agro India Limited proposes an Initial Public Offering on the BSE SME platform of up to 63,09,600 equity shares at a price band of ?112-?118 per share, targeting proceeds of ?74.45 crore at the upper band. The issue timetable includes an anchor opening on December 10, 2025 and public issue from December 11-15, 2025. Allocation categories include anchor investors, qualified institutional buyers, non-institutional investors, retail individual investors, and a market maker portion; the Book Running Lead Manager is Smart Horizon Capital Advisors and the Registrar is Bigshare Services.