Quanto Agroworld Ltd. IPO: ₹31.02 crore SME issue at ₹67, listing due 22 Sep 2026

Quanto Agroworld Limited, a medicinal and aromatic plants (MAPs) cultivator and processor focused primarily on lemongrass, came to the market with an SME IPO of ₹31.02 crore at a fixed price of ₹67 per share. The issue opened on 15 September 2026 and closed on 17 September 2026, with allotment scheduled for 18 September 2026 and listing due on 22 September 2026. The IPO is entirely a fresh issue of ₹31.02 crore with no offer for sale (OFS), meaning the proceeds are proposed to be used by the company, not paid out to selling shareholders.

What the company does: lemongrass cultivation to essential oil, under one operating chain

Quanto Agroworld, incorporated in 2018, operates a vertically integrated model across leased-farmland cultivation, harvesting, drying and tea-cut preparation, and on-site steam distillation. Its stated product mix centres on supplying business-to-business (B2B) customers with lemongrass biomass in processed formats and lemongrass essential oil.

The company’s operating description places emphasis on proximity between cultivation and processing, with processing located within the cultivation cluster. In essential-oil extraction, time and handling between harvest and distillation can be operationally relevant for yield and consistency; the company’s model is designed around controlling multiple steps rather than relying solely on external sourcing or third-party processing.

It also describes a zero-waste approach, where spent biomass is reused as compost or as boiler fuel. This is positioned as a by-product utilisation practice within the processing chain.

IPO structure, price, lot size, and investor reservation mix

The Quanto Agroworld IPO is an SME issue at a fixed price band of ₹67 to ₹67. The lot size is 2,000 shares, setting the minimum application amount at ₹1,34,000 at the offer price.

The issue size is ₹31.02 crore and is fully a fresh issue, with no OFS component. As a result, the proposed net proceeds from the IPO are intended for corporate uses set out in the offer document.

In the disclosed reservation structure, qualified institutional buyers (QIBs) have a 0% portion, while non-institutional investors (NIIs) and retail individual investors (RIIs) are allocated 50% each.

Subscription data available in the snapshot shows total subscription at 0.06 times, with 0.11 times in the retail category and 0.01 times in the NII category. Since the issue closed on 17 September 2026, these are the recorded figures available in the provided snapshot, with the IPO status marked as listing pending.

Why the company is raising money: capex-led scaling at Ravalgaon and related objectives

The IPO rationale, as described, is to fund expansion and scaling of the integrated lemongrass/MAP cultivation-and-processing platform. The company’s proposed utilisation of net proceeds includes capital expenditure for a distillation plant at Ravalgaon, Maharashtra; capital expenditure for expansion and development of farms; prepayment or repayment of certain outstanding borrowings; and general corporate purposes.

The offer description also refers to a plan to increase essential-oil distillation capacity at its Ravalgaon, Nashik facility from 11.25 MTPA (metric tonnes per annum) to a targeted 56.25 MTPA. Alongside physical capacity, the company references investments aligned with quality and traceability systems and broader market access, including selective exports.

These items are disclosed as proposed objectives and targets tied to the use of proceeds. For a cultivation-plus-processing chain, monitoring the pacing between additional farmland development and incremental distillation capability can be relevant because cultivation scale and processing throughput need to align for the model to function as intended.

Operating footprint and milestones since 2018

Quanto Agroworld was incorporated in 2018 as Quanto Agroworld Private Limited and started operations in lemongrass cultivation and essential oil extraction in the same year, with an initial production and distillation unit.

Milestones cited include obtaining registrations and certifications for quality and environmental compliance (as stated in the prospectus milestone table), and later expanding production capacity and beginning commercial domestic sales of essential oils.

In 2022, the company received MSME recognition and strengthened its supplier and distributor network (as stated in the prospectus milestone table). It was also awarded government-leased land at Ravalgaon, Maharashtra, which is a notable input for an agriculture-linked operating model where land access and lease terms can influence cultivation planning.

In 2023, it converted from private to public limited and was renamed Quanto Agroworld Limited. In 2024, it expanded farmlands at Ravalgaon, Maharashtra, aligning with the cluster-led operating approach described in the business overview.

Financial trajectory and IPO valuation context (as disclosed)

Across the reported periods, the disclosed financials show a step-up in total revenue by FY2026 to ₹403.48 crore, compared with ₹155.59 crore in FY2024 and ₹164.93 crore in FY2025. Profit after tax (PAT) is reported at ₹83.85 crore in FY2026, versus ₹53.74 crore in FY2024 and ₹66.31 crore in FY2025. The reported PAT margin for FY2026 is 20.78%, and total assets are reported at ₹399.97 crore in FY2026.

At the IPO price, key performance indicators (KPIs) disclosed include earnings per share (EPS) of ₹6.52, pre-IPO price-to-earnings (P/E) of 10.28 times, and price-to-book of 2.53 times. Return ratios in the snapshot include return on equity (ROE) of 24.68%, return on capital employed (ROCE) of 25.62%, and return on net worth (RoNW) of 24.68%. The EBITDA margin is disclosed at 29.54%, while debt-to-equity is listed at 0.16.

These metrics provide the offer-document snapshot for profitability, returns, and leverage. For a B2B farm-linked processor, changes in working capital timing and operating conditions can affect reported profits and cash flows across periods.

Key risks flagged in disclosures, and what to monitor through listing and beyond

The disclosed SWOT and risk framing highlights operating and execution risks specific to the company’s model.

Receivables and cash collection are explicitly flagged: delayed customer payments can increase borrowing needs and interest costs, affecting cash flows even when revenues are recorded. The disclosures also point to past Companies Act compliance lapses, which can lead to higher scrutiny and ongoing compliance effort for a newly listed company.

Operational setup is another stated area of risk: the company’s distillation operations under partially covered sheds are linked in the disclosures to potential contamination or regulatory issues, which may require additional capital expenditure or could disrupt operations.

The broader risk set includes agricultural and climatic variability affecting crop productivity, price volatility in essential oils and botanical extracts, regulatory and environmental changes, land-policy changes, and competition from domestic and international essential-oil producers. The company also discloses business concentration factors such as dependence on a limited portfolio centred around lemongrass and geographic concentration in a single operational cluster, alongside reliance on government-leased land subject to renewal and regulatory terms.

Monitoring points based on the disclosed plan and risk framing include: progress toward the stated distillation capacity target at Ravalgaon; the pace and outcome of farm expansion and development relative to processing requirements; receivable ageing and cash collection discipline as B2B volumes scale; and the build-out of quality, traceability, and compliance systems referenced in the offer description.

Grey market premium (GMP) observations provided for the ten most recent dates show GMP at ₹0 against the ₹67 issue price across 10 September 2026 to 19 September 2026. GMP is an unofficial indicator and can change.

Complete numeric snapshot

IPO terms and schedule

Key performance indicators and valuation

Category reservations and anchor allocation

Proposed use of fresh issue proceeds

Subscription status (19 Sep 2026)

Grey market premium (GMP) trend

GMP is an unofficial market indicator and can change; these are dated snapshot observations, not a listing forecast.