Comparison between Pajson Agro India IPO and Utkal Speciality IPO.
Pajson Agro India IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Utkal Speciality IPO is a SME Bookbuilding proposed to list at NSE SME.
| Pajson Agro India IPO | Utkal Speciality IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Smart Horizon Capital Advisors Pvt.Ltd. | Affinity Global Capital Market Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Pajson Agro India IPO is up to ₹70.23 Cr whereas the issue size of the Utkal Speciality IPO is up to ₹0.00 Cr. The final issue price of Pajson Agro India IPO is ₹118.00 per share and of Utkal Speciality IPO is .
| Pajson Agro India IPO | Utkal Speciality IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹112.00 per share | |
| Issue Price (Upper) | ₹118.00 per share | |
| Issue Price (Final) | ₹118.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | |
| Fresh Issue Size | 59,52,000 shares | 54,24,000 shares |
| Fresh Issue Size (Amount) | up to ₹70.23 Cr | up to ₹0.00 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 | 59,52,000 shares | 54,24,000 shares |
| Issue Size Total (Amount) | up to ₹70.23 Cr | up to ₹0.00 Cr |
Pajson Agro India IPO opens on Dec 11, 2025, while Utkal Speciality IPO opens on . The closing date of Pajson Agro India IPO and Utkal Speciality IPO is Dec 15, 2025, and , respectively.
| Pajson Agro India IPO | Utkal Speciality IPO | |
|---|---|---|
| Anchor Bid Date | Dec 10, 2025 | |
| Issue Open | Dec 11, 2025 | |
| Issue Close | Dec 15, 2025 | |
| Basis Of Allotment (Tentative) | Dec 16, 2025 | |
| Initiation of Refunds (Tentative) | Dec 17, 2025 | |
| Credit of Share (Tentative) | Dec 17, 2025 | |
| Listing date (Tentative) | Dec 18, 2025 | |
| Anchor Lockin End date 1 | Jan 14, 2026 | |
| Anchor Lockin End date 2 | Mar 15, 2026 |
Pajson Agro India IPO P/E ratio is 10.11, as compared to Utkal Speciality IPO P/E ratio of .
| Pajson Agro India IPO | Utkal Speciality IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | 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.
| Company Financials (Restated Consolidated)Utkal Speciality Industries India Ltd.'s revenue increased by 14% and profit after tax (PAT) rose by 106% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 85 | 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 10.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹280.95 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 60.05 | 30.88 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 48.21 | 25.73 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.33 | 0.80 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹11.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 46.18 | 30.88 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Pajson Agro India IPO Retail Individual Investors (RII) are offered 20,97,600 shares while in Utkal Speciality IPO retail investors are offered 20,97,600 shares. Qualified Institutional Buyers (QIB) are offered 11,82,000 shares in Pajson Agro India IPO and 0 shares in Utkal Speciality IPO.
| Pajson Agro India IPO | Utkal Speciality IPO | |
|---|---|---|
| Anchor Investor Reservation | 17,72,400 shares | 0 shares |
| Market Maker Reservation | 3,57,600 shares | 0 shares |
| QIB | 11,82,000 shares | 0 shares |
| NII | 9,00,000 shares | 0 shares |
| RII | 20,97,600 shares | 0 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 59,52,000 shares | 0 shares |
Pajson Agro India IPO subscribed 4.56x in total, whereas Utkal Speciality IPO subscribed .
| Pajson Agro India IPO | Utkal Speciality IPO | |
|---|---|---|
| QIB (times) | 10.92x | |
| NII (times) | 6.86x | |
| Big NII (times) | 7.73x | |
| Small NII (times) | 5.14x | |
| RII (times) | 3.85x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.56x |
