Pajson Agro India SME IPO Subscription Status
Pajson Agro India SME IPO closed on 15 December 2025 with an overall subscription of 6.59x based on shares applied. QIB demand came in at 10.92x, NII at 7.26x, and retail at 3.85x.
Allotment will be finalised on 16 December 2025. The stock is scheduled to list on NSE and BSE on 18 December 2025.
Issue Price
Rs 118.00
GMP Today
Rs 6.00 (+5.08%)
Overall Subscription
6.59x
Issue Size
₹70.23 Cr
Allotment Date
16 Dec 2025
Listing Date
18 Dec 2025
Pajson Agro India SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 118.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 13.95 Cr | Rs 152.30 Cr | 10.92x |
| FII | - | Rs 28.25 Cr | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 124.06 Cr | - |
| NII | Rs 10.62 Cr | Rs 77.12 Cr | 7.26x |
| bNII (above Rs 10L) | Rs 7.08 Cr | Rs 58.92 Cr | 8.32x |
| Corporate | - | Rs 5.66 Cr | - |
| Individual | - | Rs 52.92 Cr | - |
| Other | - | Rs 33.98 L | - |
| sNII (Rs 2L to Rs 10L) | Rs 3.54 Cr | Rs 18.20 Cr | 5.14x |
| Corporate | - | Rs 1.40 Cr | - |
| Individual | - | Rs 16.54 Cr | - |
| Other | - | Rs 25.49 L | - |
| IND | Rs 24.75 Cr | Rs 95.41 Cr | 3.85x |
| Fixed price | - | Rs 95.41 Cr | - |
| Total | Rs 49.32 Cr | Rs 324.83 Cr | 6.59x |
Pajson Agro India SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 985 | 10 | 0.01x |
| FII | - | 4 | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | 6 | - |
| NII | 250 | 846 | 3.38x |
| bNII (above Rs 10L) | 167 | 434 | 2.60x |
| Corporate | - | 11 | - |
| Individual | - | 420 | - |
| Other | - | 3 | - |
| sNII (Rs 2L to Rs 10L) | 83 | 412 | 4.96x |
| Corporate | - | 33 | - |
| Individual | - | 373 | - |
| Other | - | 6 | - |
| IND | 874 | 3,369 | 3.85x |
| Fixed price | - | 3,369 | - |
| Total | 2,109 | 4,225 | 2.00x |
What Do These Subscription Numbers Mean?
A subscription of 6.59x by shares means the IPO received bids for 7 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 10.92x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 10.92x, it reflects serious institutional conviction.
NII at 3.38x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 2.60x and sNII at 4.96x by applications. Share subscription was 7.26x. Allotment uses application count, not share volume.
At 3.85x subscription by applications, approximately 1 in 4 retail applicants can expect an allotment (~26% per application). Retail allotment is done by lottery when oversubscribed.
Pajson Agro India SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 3.85x.
- •Allotment odds: about 1 in 4 (~26% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 4.96x.
- •Allotment odds: about 1 in 5 for a minimum-lot application (~20% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
BHNI (above Rs 10 lakh)
- •Application subscription: 2.60x.
- •Allotment odds: about 1 in 3 for a minimum-lot application (~38% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 8.32x. Allotment uses application count, not share volume.
Check the Pajson Agro India SME IPO Allotment Status page from 16 December 2025 for your allotment result.
Pajson Agro India SME IPO GMP After Subscription
GMP for Pajson Agro India SME stands at Rs 6.00 today, giving an estimated listing price of Rs 124.00 per share.
A subscription of 6.59x combined with a GMP of 5.08% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Pajson Agro India SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Pajson Agro India SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 11 Dec 2025 | 3.54x | 0.18x | 0.09x | 1.08x |
| Day 2 - 12 Dec 2025 | 7.07x | 0.48x | 0.55x | 2.38x |
| Day 3 - 15 Dec 2025 | 10.92x | 6.86x | 3.85x | 6.50x |
Pajson Agro India SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 11 December 2025 |
| IPO Close Date | 15 December 2025 |
| Allotment Date | 16 December 2025 |
| Refund Initiation | 17 December 2025 |
| Share Credit to Demat | 17 December 2025 |
| Listing Date | 18 December 2025 |
| Minimum Investment | Rs 2,83,200.00 |
| Lot Size | 1200 shares |
About Pajson Agro India SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Pajson Agro India SME IPO Subscription FAQs
What is Pajson Agro India SME IPO subscription status today?
Pajson Agro India SME IPO subscription closed on 15 December 2025 with overall subscription of 6.59x (by shares) as of 14 July 2026, 1:01 PM IST. QIB 10.92x, NII 3.38x, IND 3.85x.
What is the overall subscription of Pajson Agro India SME IPO?
Pajson Agro India SME IPO is subscribed 6.59x overall by shares at close on 15 December 2025. QIB 10.92x, NII 3.38x, and IND 3.85x.
What is Pajson Agro India SME IPO QIB subscription?
Pajson Agro India SME IPO QIB (Qualified Institutional Buyers) subscription is 10.92x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Pajson Agro India SME IPO IND subscription?
Pajson Agro India SME IPO IND subscription is 3.85x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Pajson Agro India SME IPO NII subscription?
Pajson Agro India SME IPO NII (Non-Institutional Investors) subscription is 3.38x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Pajson Agro India SME IPO for retail?
At 3.85x subscription by applications, approximately 1 in 4 retail applicants can expect an allotment (~26% per application). Allotment is done by lottery.
When is Pajson Agro India SME IPO allotment date?
Pajson Agro India SME IPO allotment date is 16 December 2025. Check Pajson Agro India SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Pajson Agro India SME IPO subscription close?
Pajson Agro India SME IPO subscription closed on 15 December 2025. No new applications are accepted after the close.
What is Pajson Agro India SME IPO GMP today?
Pajson Agro India SME IPO GMP is ₹6 today (+5.08% over issue price ₹118). See live GMP on the Pajson Agro India SME IPO GMP Today page.
What is Pajson Agro India SME IPO issue price and lot size?
Pajson Agro India SME IPO issue price is ₹118 per share. Lot size is 1200 shares. Minimum investment is ₹2,83,200 per lot (minimum 2 lots for SME). Issue size: ₹70.23 Cr.
When is Pajson Agro India SME IPO listing date?
Pajson Agro India SME IPO listing date is 18 December 2025 on NSE and BSE. Allotment is on 16 December 2025.
How does subscription affect Pajson Agro India SME IPO allotment?
Allotment odds in Pajson Agro India SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 3.38x by applications means roughly 1 in 3 for minimum-lot bids; bNII at 2.60x (~1 in 3). At 6.59x overall, competition is moderate.
For allotment results from 16 December 2025, visit the Pajson Agro India SME IPO Allotment Status page. For listing day updates on 18 December 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.