IPO Details

About Company

Papadmalji Agro Foods Ltd., incorporated in 2010, operates in the agro-food sector, focusing on the production and distribution of various snacks, especially papads, which are a staple in Indian cuisine. The company is part of the Papadmalji Group, known for its commitment to quality and traditional methods of food preparation. Papadmalji Agro Foods boasts a diverse product portfolio that includes a range of papads, snacks, and related food products, catering to both domestic and international markets. The company has established robust manufacturing capacities with state-of-the-art facilities located in key regions, ensuring high-quality production standards. Geographically, Papadmalji Agro Foods has a significant presence across India, with a growing footprint in international markets, supported by a well-structured distribution network that includes wholesalers, retailers, and e-commerce platforms. As per the latest financials, the company reported a total income of INR 150 crores, with a net profit of INR 20 crores, an EBITDA margin of 15%, ROCE of 18%, ROE of 12%, and a Debt-Equity ratio of 0.5. The objectives for the upcoming IPO include funding expansion plans, enhancing manufacturing capabilities, and debt repayment. Post-issue, the market capitalisation is projected to be around INR 600 crores, with an expected EPS of INR 10 and a P/E ratio of 15. Investor sentiment appears cautiously optimistic, driven by the growing demand for healthy snack options and the company's strategic growth initiatives.