Quanto Agroworld IPO is a SME issue open from 15-17 Sept. The company is raising ₹31 Cr at a price band of ₹67 per share. One lot is 2,000 shares.
₹0
Implied listing gain: ₹- (0.00%)
On the GMP figure: grey market premium is quoted by informal dealers. No exchange publishes it, no regulator oversees it, and it is not a forecast of the listing price. Issues quoting a strong premium have listed below their issue price. Weigh the financials and the risk factors in the RHP well above this number.
Our reading of the numbers below — growth rates, margins, pricing and demand are calculated from the company's own filed figures, not copied from anywhere.
Minimum retail investment
₹1,34,000
2000 shares at the upper band of ₹67
Retail limit
1 lot
the most that fits under the ₹2 lakh retail cap
Funds blocked after close
~5 days
from the closing date to listing
Fresh issue share
93.5%
₹29 Cr of the ₹31 Cr issue
Revenue growth
+144.7%
31 Mar 2025 → 31 Mar 2026
Profit growth
+26.4%
PAT ₹6.63 Cr → ₹8.38 Cr
Net profit margin
20.8%
was 40.2% in 31 Mar 2025
Debt to equity
0.16
lower is safer
Return on equity
24.68%
ROE
Peer listing record
6 of 8 listed above issue price
median listing move +12.5%
Promoter holding
61.49% → 45.21%
diluted by 16.3 percentage points
Quanto Agroworld is an SME issue raising ₹31 Cr, offered in a band of ₹67–₹67 per share. At the upper end that is 6.7 times the ₹10 face value, so ₹57 of every share subscribed is share premium rather than capital. SME issues list on the BSE SME or NSE Emerge platform rather than the main board. They trade in fixed lots after listing, carry no retail-versus-HNI cut-off bidding, and are usually far less liquid, so exiting a position can take longer than on the main board.
A retail application for Quanto Agroworld needs one lot of 2000 shares, which works out to ₹1,34,000 at the upper band of ₹67. SME lots are deliberately sized above ₹1,00,000, so this is a far larger single commitment than a mainboard application and rules out most small investors. Retail applications are capped at ₹2,00,000, which here is 1 lot; bidding above that moves the application into the non-institutional category, and the large-HNI bucket begins at ₹10,00,000, or about 8 lots.
For Quanto Agroworld, bidding runs 15-17 Sept, allotment is finalised on 18 Sep 2026, the shares list on 22 Sep 2026. Applications that do not receive an allotment have their UPI mandate released around 1 day after the issue closes. Counting from the close of bidding, money stays blocked for roughly 5 days before listing decides what the holding is worth.
The issue is reserved 47.47% to non-institutional investors, 47.52% to retail. A 47.52% retail share is the wider end of the range, which improves the odds for small applications when the book is only modestly oversubscribed. An oversubscribed retail portion is not allotted in proportion to the amount applied for: applications are reduced to single lots and drawn by lot, so several small applications from different PANs are more effective than one large one.
The issue splits into ₹29 Cr of fresh capital (93.5%) and ₹2 Cr as an offer for sale. The company keeps the fresh portion for the objects of the issue, while the rest is existing shareholders monetising their stake.
Revenue moved from ₹16.49 Cr in 31 Mar 2025 to ₹40.35 Cr in 31 Mar 2026 (+144.7%), while profit after tax went from ₹6.63 Cr to ₹8.38 Cr (+26.4%). Growth in profit broadly tracks growth in revenue.
Recently listed companies in the same space trade at a median price-to-earnings ratio of about 14.8. Comparing that with the multiple implied by this issue's ₹67–₹67 band is a more useful test of pricing than looking at the grey market premium alone.
MUFG Intime India Pvt.Ltd. is the registrar for this issue, which means the allotment status for Quanto Agroworld is published on their portal from 18 Sep 2026. A PAN, application number or demat client ID is enough to look it up; the credited shares also appear in the demat account itself a day or so before listing.
This analysis is generated from the figures shown on this page and is for information only. It is not investment advice — read the RHP before you apply.
| IPO Date | 15-17 Sept |
| Face Value | ₹10 Per Share |
| Price Range | ₹67 |
| Issue Size | ₹31 Cr |
| Lot Size | 2,000 Shares |
| Allotment Date | 18 Sep 2026 |
| Listing Date | 22 Sep 2026 |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Category | Allocation |
|---|---|
| Retail Investors | 47.52% |
| QIB (Qualified Institutional Buyers) | |
| HNI (High Net Worth Individuals) | 47.47% |
| Total Issue Size | 46,30,000 shares (agg. up to ₹31 Cr) |
| Reserved for Market Maker | 2,32,000 shares (agg. up to ₹2 Cr)Allwin Securities Ltd. |
| Fresh Issue (Ex Market Maker) | 43,98,000 shares (agg. up to ₹29 Cr) |
| Net Offered to Public | 43,98,000 shares (agg. up to ₹29 Cr) |
| Share Holding Pre Issue | 1,28,57,259 shares |
| Share Holding Post Issue | 1,74,87,259 shares |
| IPO Open | Tue, Sep 15, 2026 |
| IPO Close | Thu, Sep 17, 2026 |
| Allotment | Fri, Sep 18, 2026 |
| Refund | Mon, Sep 21, 2026 |
| Credit of Shares | Mon, Sep 21, 2026 |
| Listing | Tue, Sep 22, 2026 |
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) | 21,98,000 | 49.98% | 47.47% |
| Retail | 22,00,000 | 50.02% | 47.52% |
| Firm Reservations | |||
| Market Maker | 2,32,000 | 5.01% | |
| Total | 46,30,000 | 100.00% | 100.00% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 4000 | ₹2,68,000 |
| Individual investors (IND) (Max) | 2 | 4000 | ₹2,68,000 |
| HNI (Min) | 3 | 6000 | ₹4,02,000 |
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 40.00 | 33.43 | 24.82 |
| Total Income | 40.35 | 16.49 | 15.56 |
| Profit After Tax | 8.38 | 6.63 | 5.37 |
| EBITDA | 11.92 | 9.28 | 7.37 |
| NET Worth | 33.98 | 25.62 | 19.01 |
| Reserves and Surplus | 21.12 | 12.77 | 6.15 |
| Total Borrowing | 5.48 | 5.30 | 3.70 |
| Amount in ₹ Crore |
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Devson Catalyst Ltd. | SME | ₹42.34 Cr | ₹118 | 9.66 | ₹205.95 | +74.53% | ₹348.00 |
| Vahh Chemicals Ltd. | SME | ₹13.45 Cr | ₹60 | 7.15 | ₹66.50 | +10.83% | ₹52.49 |
| Biopol Chemicals Ltd. | SME | ₹31.26 Cr | ₹108 | 19.73 | ₹105.50 | -2.31% | ₹47.70 |
| Neochem Bio Solutions Ltd. | SME | ₹44.97 Cr | ₹98 | 15.85 | ₹111.80 | +14.08% | ₹102.15 |
| Speb Adhesives Ltd. | SME | ₹33.73 Cr | ₹56 | 16.73 | ₹57.00 | +1.79% | ₹93.05 |
| SK Minerals & Additives Ltd. | SME | ₹41.15 Cr | ₹127 | 10.45 | ₹152.25 | +19.88% | ₹486.50 |
| Shlokka Dyes Ltd. | SME | ₹57.79 Cr | ₹91 | 13.69 | ₹85.50 | -6.04% | ₹23.50 |
| Sudeep Pharma Ltd. | Mainboard | ₹895.00 Cr | ₹593 | 47.61 | ₹774.15 | +30.55% | ₹1,202.80 |
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure for Distillation Plant at Rawalgaon, Maharashtra | 3.79 |
| 2 | Capital Expenditure for expansion of Farms | 15.23 |
| 3 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company | 3.63 |
| 4 | General Corporate Purposes | 4.65 |
| 5 | Issue Expenses | 3.72 |
| Total | 31.02 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 24.68% |
| ROCE | 25.62% |
| Debt/Equity | 0.16 |
| RoNW | 24.68% |
| PAT Margin | 20.78% |
| EBITDA Margin | 29.54% |
| NAV | 26.43 |
| Price to Book Value | 2.53 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.52 | 4.79 |
| P/E (x) | 10.28 | 13.99 |
| Market Cap at Offer Price | ₹86.14 Cr. | ₹117.16 Cr |
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 61.49% | 45.21% |
| Public | 38.51% | 54.79% |
| Total | 100% | 100% |
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees | 0.30 |
| 2 | Brokerage, selling commission and upload fees including Market maker | 0.14 |
| 3 | Fees Payable to the Underwriter | 1.55 |
| 4 | Registrarsto the issue | 0.07 |
| 5 | Legal Advisors, Auditor, other consultancy | 0.29 |
| 6 | Advertising and marketing expenses | 0.05 |
| 7 | Regulators including stock exchanges | 0.07 |
| 8 | Distribution & Issue Management Expenses | 1.25 |
| 9 | Printing and distribution of issue stationary | 0.02 |
| Total | 3.72 |
Incorporated in March 2018 as Quanto Agroworld Private Limited, The Company was established with the objective of undertaking agricultural and farming activities and is engaged in the cultivation, processing and supply of Medicinal and Aromatic Plants (MAPs), with lemongrass being its primary crop and principal commercial focus.The Company operates as a specialty botanical ingredient manufacturer, producing lemongrass-based products including lemongrass biomass, lemongrass tea-cut and lemongrass essential oil. Its essential oil is used in applications across personal care, home care, fragrance, aromatherapy and pharmaceutical industries, while lemongrass biomass and tea-cut are supplied to herbal tea manufacturers, nutraceutical companies and functional beverage brands. The Company primarily operates on a Business-to-Business (B2B) model and supplies institutional and industrial customers across India.
Quanto Agroworld follows a vertically integrated operating model, covering land preparation, plantation, crop management, harvesting, onsite steam distillation, packaging and dispatch. Its cultivation base comprises approximately 424 acres of developed agricultural land under the Maharashtra State Farming Corporation Limited (MSFCL), with an additional 312.57 acres under development. Through its subsidiary, Quanto Agritech Private Limited, the Company also has access to approximately 165.33 acres of privately leased agricultural land, providing additional cultivation capacity in a capital-efficient manner.
The Company's manufacturing and processing facility is located at Ravalgaon, Nashik, Maharashtra, spread across approximately 20 gunthas (0.50 acres). The facility houses steam distillation units, utilities, material handling systems and storage infrastructure. The Company currently has a certified installed essential oil processing capacity of approximately 11.25 metric tonnes per annum and expects to increase its capacity to approximately 56.25 metric tonnes per annum through restoration of transferred capacity and addition of new distillation units, subject to stabilisation of operations and raw material availability.
The Company's operations are supported by its subsidiaries, Quanto Agritech Private Limited, which facilitates access to privately leased agricultural land, and Quanto Kisan Private Limited, which undertakes limited agricultural trading and retail activities.
As of the date of the Prospectus, the Company had 11 permanent employees, supported by hired labour and external professional resources depending on seasonal and operational requirements.
Asset-light and scalable operating model.
Quality-focused operations and process discipline.
Cost-efficient cultivation and processing configuration.
Vertically integrated cultivation and processing model.
Structured access to cultivation land with multi-year visibility.
Sustainability-oriented farming and resource utilisation practices.
Experienced promoter-led management and operational oversight.
Quanto Agroworld IPO is a SME issue open from 15-17 Sept. The company is raising ₹31 Cr at a price band of ₹67 per share. One lot is 2,000 shares.
The issue is open 15-17 Sept. Bids must be placed, and any UPI mandate approved, before the cut-off on the closing day.
The price band is ₹67 per equity share, against a face value of ₹10. Retail investors may bid at cut-off, meaning they accept the final discovered price within this band.
The minimum application is 2,000 shares, and bids must be in multiples of that lot.
The total issue size is ₹31 Cr.
The issue is reserved as retail 47.52%, HNI 47.47%. If the retail portion is oversubscribed, allotment there is decided by a lottery on lot-sized applications rather than in proportion to the amount applied for.
Basis of allotment is expected to be finalised on 18 Sep 2026. You can check your status on the registrar's website (MUFG Intime India Pvt.Ltd.) using your PAN.
Listing is expected on 22 Sep 2026, following the T+3 timeline that applies to Indian IPOs.
This information is for educational purposes only. Please conduct your own research and consult with financial advisors before making investment decisions. IPO investments carry market risks.
Or see the full upcoming IPO list, today's grey market premium, subscription figures and allotment status.

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