Pajson Agro India Limited is a processor of raw cashew nuts, transforming them into various grades of cashew kernels for both domestic and international markets. The company's product portfolio includes bulk and retail packs of cashews, alongside select dry fruits marketed under its 'Royal Mewa' brand. Pajson Agro also supplies by-products from its processing operations, such as cashew husk and shells, which are used in agricultural and industrial applications. The company operates a modern processing facility in Andhra Pradesh and utilizes a multi-channel distribution network that includes wholesale mandis, institutional sales, exports, and e-commerce platforms.
Dec 11, 2025
Dec 15, 2025
Dec 18, 2025
SME
Closed
74.45 Cr
74.45 Cr
0 Cr
₹112 - ₹118
1200
The net proceeds from the fresh issue are proposed to be utilized for the following objectives:
To fund the capital expenditure for establishing a second cashew processing facility in Vizianagaram, Andhra Pradesh. This includes costs for land development, civil and structural work, procurement and installation of plant and machinery, quality control equipment, and utilities.
To meet general corporate purposes, which may include strategic initiatives, working capital requirements, and other corporate needs, not exceeding 15% of the gross proceeds or ₹10 Crores, whichever is lower.
10.11
11.67
60.05%
48.21%
46.18%
—
10.9%
16.16%
4.67
Strategically located processing facility in Andhra Pradesh with modern, AI-enabled machinery ensuring high operational efficiency and product quality.
Diversified multi-channel sales and distribution network covering wholesale, institutional, export, and B2C segments.
Holds multiple quality certifications including ISO 22000:2018, HACCP, ISO 9001:2015, and Halal, enhancing brand credibility.
Experienced promoters and management team with expertise in agro-commodities, sales, and operations.
Significant revenue concentration with top 10 customers accounting for over 59% of revenue in FY2025.
Operational activities are geographically concentrated in a single region (Andhra Pradesh), increasing risk from localized disruptions.
Lack of long-term agreements with suppliers for raw materials, exposing the company to price and availability volatility.
The B2C brand 'Royal Mewa' is relatively new and faces competition from established players in the retail dry fruit market.
Expansion of processing capacity with the new proposed facility in Vizianagaram to cater to growing market demand.
Increasing the export footprint in international markets beyond the UAE.
Growing the B2C segment through the 'Royal Mewa' brand by leveraging e-commerce and quick-commerce platforms.
Introducing value-added products like flavored cashews to cater to changing consumer preferences and increase profit margins.
Volatility in the price and availability of raw cashew nuts, which are sourced both domestically and through imports.
High competition from both organized and unorganized players in the cashew processing industry.
Potential adverse changes in government regulations, tax laws, and import-export policies affecting the agro-processing sector.
Global economic slowdown, trade tensions, and foreign exchange rate fluctuations could negatively impact export sales and profitability.