Comparison between INDO SMC IPO and Pajson Agro India IPO.
INDO SMC IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Pajson Agro India IPO is a SME Bookbuilding proposed to list at BSE SME.
| INDO SMC IPO | Pajson Agro India IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. | Smart Horizon Capital Advisors Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of INDO SMC IPO is up to ₹87.34 Cr whereas the issue size of the Pajson Agro India IPO is up to ₹70.23 Cr. The final issue price of INDO SMC IPO is ₹149.00 per share and of Pajson Agro India IPO is ₹118.00 per share.
| INDO SMC IPO | Pajson Agro India IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹141.00 per share | ₹112.00 per share |
| Issue Price (Upper) | ₹149.00 per share | ₹118.00 per share |
| Issue Price (Final) | ₹149.00 per share | ₹118.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 1200 shares |
| Fresh Issue Size | 58,62,000 shares | 59,52,000 shares |
| Fresh Issue Size (Amount) | up to ₹87.34 Cr | up to ₹70.23 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 58,62,000 shares | 59,52,000 shares |
| Issue Size Total (Amount) | up to ₹87.34 Cr | up to ₹70.23 Cr |
INDO SMC IPO opens on Jan 13, 2026, while Pajson Agro India IPO opens on Dec 11, 2025. The closing date of INDO SMC IPO and Pajson Agro India IPO is Jan 16, 2026, and Dec 15, 2025, respectively.
| INDO SMC IPO | Pajson Agro India IPO | |
|---|---|---|
| Anchor Bid Date | Jan 12, 2026 | Dec 10, 2025 |
| Issue Open | Jan 13, 2026 | Dec 11, 2025 |
| Issue Close | Jan 16, 2026 | Dec 15, 2025 |
| Basis Of Allotment (Tentative) | Jan 19, 2026 | Dec 16, 2025 |
| Initiation of Refunds (Tentative) | Jan 20, 2026 | Dec 17, 2025 |
| Credit of Share (Tentative) | Jan 20, 2026 | Dec 17, 2025 |
| Listing date (Tentative) | Jan 21, 2026 | Dec 18, 2025 |
| Anchor Lockin End date 1 | Feb 15, 2026 | Jan 14, 2026 |
| Anchor Lockin End date 2 | Apr 16, 2026 | Mar 15, 2026 |
INDO SMC IPO P/E ratio is 16.1, as compared to Pajson Agro India IPO P/E ratio of 10.11.
| INDO SMC IPO | Pajson Agro India IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)Pajson Agro India Ltd.'s revenue increased by 95% and profit after tax (PAT) rose by 509% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 82.30 | 85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 60.07 | 62.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.1 | 10.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹340.54 Cr. | ₹280.95 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 74.45 | 60.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 31.39 | 48.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.00 | 0.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹9.25 | ₹11.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 43.27 | 46.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the INDO SMC IPO Retail Individual Investors (RII) are offered 20,52,000 shares while in Pajson Agro India IPO retail investors are offered 20,52,000 shares. Qualified Institutional Buyers (QIB) are offered 11,72,000 shares in INDO SMC IPO and 11,82,000 shares in Pajson Agro India IPO.
| INDO SMC IPO | Pajson Agro India IPO | |
|---|---|---|
| Anchor Investor Reservation | 17,56,000 shares | 17,72,400 shares |
| Market Maker Reservation | 3,09,000 shares | 3,57,600 shares |
| QIB | 11,72,000 shares | 11,82,000 shares |
| NII | 8,82,000 shares | 9,00,000 shares |
| RII | 20,52,000 shares | 20,97,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 58,62,000 shares | 59,52,000 shares |
INDO SMC IPO subscribed 110.49x in total, whereas Pajson Agro India IPO subscribed 6.50x.
| INDO SMC IPO | Pajson Agro India IPO | |
|---|---|---|
| QIB (times) | 94.94x | 10.92x |
| NII (times) | 164.59x | 6.86x |
| Big NII (times) | 193.37x | 7.73x |
| Small NII (times) | 107.02x | 5.14x |
| RII (times) | 96.13x | 3.85x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 110.49x | 6.50x |
