Pajson Agro India IPO Shows Strong Response, Subscribed 6.50x on Day 3

Pajson Agro India Limited's initial public offering (IPO) has demonstrated strong investor interest through its third day of subscription. The issue price is fixed at ₹118 per share. The ₹74.45 crore IPO reached 6.50 times by 4:59:34 PM on day three. 

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Pajson Agro India IPO subscription reached strong 6.50 times on day three. It was led by Qualified Institutional Buyers Ex-Anchor (10.92x), Non-Institutional Investors (6.86x), and Individual Investors (3.84x). Total applications reached 4,229.

Subscription Status of Pajson Agro India IPO:

Here are the subscription details for Pajson Agro India IPO as of Day 3 (December 15, 2025, 4:59:34 PM):

Key Highlights - Day 3:

• Overall subscription reached strong 6.50 times, showing substantial improvement from day two's 2.38 times
• Qualified institutional buyers (ex-anchor) displaying exceptional performance at 10.92 times, building substantially from day two's 7.07 times, indicating very strong institutional appetite for this cashew processing company
• Individual investors displaying moderate confidence at 3.84 times, building substantially from day two's 0.55 times, indicating improved retail interest for this SME IPO
• Total applications reached 4,229, showing limited investor participation for this SME IPO
• Cumulative bid amount reached ₹320.36 crores, significantly exceeding the net offer size of ₹70.23 crores (excluding anchor and market maker portions) by over 4.5 times

Pajson Agro India IPO - Day 2 Subscription at 2.38 Times

Key Highlights - Day 2:

• Overall subscription reached moderate 2.38 times, showing substantial improvement from day one's 1.08 times
• Qualified institutional buyers displaying strong performance at 7.07 times, building substantially from day one's 3.54 times
• Individual investors showing weak confidence at 0.55 times, building substantially from day one's 0.09 times
• Non-institutional investors showing weak performance at 0.48 times, building substantially from day one's 0.18 times

Pajson Agro India IPO - Day 1 Subscription at 1.08 Times

Key Highlights - Day 1:

• Overall subscription reached moderate 1.08 times, showing cautious initial investor interest
• Qualified institutional buyers displaying moderate performance at 3.54 times, indicating measured institutional appetite
• Non-institutional investors showing weak performance at 0.18 times, indicating very weak HNI interest
• Individual investors displaying negligible confidence at 0.09 times, showing very weak retail sentiment

About Pajson Agro India Limited

Incorporated in 2021, Pajson Agro India processes raw cashew nuts into cashew kernels and supplies them to domestic and international markets. The company sells in bulk and also in retail packs under white-label brand Royal Mewa (dry fruits segment). Further, it sells by-products (cashew husk and shells) for industrial and agricultural use.