Pajson Agro India IPO Subscription Status: IPO Subscribed 3.96x on Day 3 So Far

Mumbai, 15 December 2025: The Pajson Agro India Initial Public Offering (IPO), open from 11 December 2025 to 15 December 2025, recorded a total subscription status of 3.96 times on Day 3, showing a marked increase from 2.38 times on Day 2 and 1.08 times on Day 1. 

Pajson Agro India, headquartered in Maharashtra, operates in the agro-processing sector, providing processed agricultural products to domestic and international markets. The IPO is structured with defined allocations across anchor investors, QIBs, non-institutional investors, retail investors, and the market maker, facilitating a fully bookbuilt issue.

Pajson Agro India IPO Subscription Status Climb to 3.96x Day 3 So Far (2:24:34 PM)

As of 2:24:34 PM on 15 December 2025 (Day 3), the Pajson Agro India IPO was subscribed 3.96 times overall. The individual investors category recorded subscription status of 2.24 times, while Non-Institutional Investors (NII) were subscribed 2.77 times, with bids above ₹10 lakh (bNII) at 2.92 times and bids below ₹10 lakh (sNII) at 2.47 times. Qualified Institutional Buyers (QIB), excluding anchor investors, saw a strong participation at 7.91 times.

In total, bids were received for 1,65,37,200 shares against 41,79,600 shares offered, amounting to a total application value of ₹195.14 crore across 2,322 applications. Anchor investors maintained full subscription status with 17,72,400 shares worth ₹20.91 crore, and market maker allocation remained fully subscribed at 3,57,600 shares valued at ₹4.22 crore.

Pajson Agro India IPO Subscription Status on Day 1 and Day 2

Retail individual investors (RIIs) submitted bids for 11.53 lakh shares against 20.98 lakh shares offered, reflecting a 0.55 times subscription status on Day 2, up from 0.09 times on Day 1. Cut-off bids accounted for 7.49 lakh shares, while price bids contributed 4.04 lakh shares. The increase in retail applications contributed significantly to the overall Day 2 subscription surge, alongside non-institutional buyers.

Non-institutional investors (NII) advanced to 0.48 times on Day 2, with bids above ₹10 lakh at 0.56 times and bids below ₹10 lakh at 0.32 times. Qualified institutional buyers (QIBs), excluding anchor investors, contributed 7.07 times subscription, compared to 3.54 times on Day 1. 

Anchor investors maintained their full allocation of 17.72 lakh shares, while the market maker held 3.58 lakh shares, unchanged from the initial day. The cumulative total application count reached 1,220 applications by the end of Day 2, amounting to ₹88.24 crore in bids.

Key Details and Structure of the Pajson Agro India IPO

Pajson Agro India IPO is a book build issue of ₹74.45 crores. The issue is entirely a fresh issue of 0.63 crore shares of ₹74.45 crore.

Pajson Agro India IPO bidding opened for subscription status on December 11, 2025, and will close on December15, 2025. The allotment for the Pajson Agro India IPO is expected to be finalised on December 16, 2025. Pajson Agro India IPO will list on BSE SME with a tentative listing date fixed as December 18, 2025.

Pajson Agro India IPO price band is set at ₹118.00 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,83,200.00 (2,400 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,600 shares), amounting to ₹4,24,800.

Smart Horizon Capital Advisors Pvt. Ltd. is the book running lead manager and Bigshare Services Pvt. Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt. Ltd.

The subscription status trajectory from Day 1 through Day 3 outlines the procedural progression of the IPO, including category-wise application volumes and total bids. Market participants can monitor allocation updates, bid confirmations, and the scheduled listing on BSE SME, providing a factual account of the IPO process without indicating investment guidance.

Source:https://www.bseindia.com/markets/publicIssues/DisplayIPO.aspx?id=4353&type=IPO&idtype=1&status=L&IPONo=7495&startdt=11/Dec/2025

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