Quanto Agroworld
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
Day-wise premium · 5 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 13 Sept 2026 | ₹0 | 0.00% | ₹0 | ₹67 | ₹0 |
| 12 Sept 2026 | ₹0 | 0.00% | ₹0 | ₹67 | ₹0 |
| 11 Sept 2026 | ₹0 | 0.00% | ₹0 | ₹67 | ₹0 |
| 10 Sept 2026 | ₹0 | 0.00% | ₹0 | ₹67 | ₹0 |
| 09 Sept 2026 | ₹0 | 0.00% | ₹0 | ₹67 | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- IPO date
- 15 Sept 2026 – 17 Sept 2026
- Listing date
- 22 Sept 2026
- Face value
- ₹10 per share
- Price band
- ₹67
- Lot size
- 2,000 shares
- Sale type
- Fresh capital
- Issue type
- Fixed Price issue
- Listing at
- BSE
- Total issue size
- ₹31.02 Cr
- Fresh issue
- ₹29.47 Cr 43,98,000 shares
- Offer for sale
- ₹0 Cr 0 shares
- Market cap at offer price
- ₹117 Cr
- Promoter holding
- 61.49% → 45.21% pre-issue → post-issue
- ISIN
- INE0OAB01019
- CIN
- U01100MH2018PLC306927
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- Sobhagya Capital Options Pvt.Ltd.
- Registered office
- 109, Garnet Paladium, ITT Bhatti, Western Express Highway, Behind Express Zone, Goregaon East, Mumbai, Maharashtra – 400063
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| QIB | 0 | — | — |
| Anchor investor · within QIB | 0 | — | — |
| NII (HNI) | 0 | — | — |
| bNII > ₹10L · within NII | 0 | — | — |
| sNII < ₹10L · within NII | 0 | — | — |
| Retail (RII) | 0 | — | — |
| Employee | 0 | — | — |
| Market maker | 2,32,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹67
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,34,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,68,000 |
| S-HNI (max) | 7 | 14,000 | ₹9,38,000 |
| B-HNI (min) | 8 | 16,000 | ₹10,72,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹67 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 6.52 | 4.79 |
| P/E (×) | 10.28 | 13.99 |
| Price to book (×) | 2.53 | — |
| Market cap | — | ₹117 Cr |
Key performance indicators
Latest reported period, standalone
- Return on net worth
- 24.68%
- ROCE
- 25.62%
- Debt / equity
- 0.16
- PAT margin
- 20.78%
- EBITDA margin
- 29.54%
- NAV per share
- ₹26.43
- Price to book
- 2.53
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
Company financials
Standalone ·₹ crore unless a row shows % or ×, as reported in the offer document
| Period ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Profit and loss | |||
| Total income | 40.35 | 16.49 | 15.56 |
| Revenue from operations | 40.35 | 16.49 | 15.55 |
| Other income | 0 | 0 | 0.01 |
| Total expenses | 31.94 | 10.27 | 9.8 |
| Operating profit | 8.41 | 6.22 | 5.76 |
| Operating margin | 20.84% | 37.72% | 37.02% |
| Profit before tax | 8.41 | 6.22 | 5.76 |
| Profit after tax | 8.38 | 6.63 | 5.37 |
| PAT margin | 20.77% | 40.21% | 34.51% |
| Balance sheet | |||
| Total assets | 40 | 33.43 | 24.82 |
| Current assets | 20.79 | 11.86 | 7.3 |
| Current liabilities | 4.41 | 6.75 | 4.59 |
| Total liabilities | 5.94 | 7.76 | 5.78 |
| Net worth | 34.05 | 25.67 | 19.04 |
| Current ratio | 4.71× | 1.76× | 1.59× |
| Return on equity | 24.61% | 25.83% | 28.20% |
| Cash flow | |||
| Operating cash flow | 0.53 | 6.88 | 7.77 |
| Investing cash flow | -0.46 | -6.61 | -7.64 |
| Financing cash flow | -0.06 | -0.23 | -0.21 |
| Net cash flow | 0 | 0.04 | -0.08 |
Objects of the issue
Stated use of the net proceeds— open a row for the issuer's full explanation
1 Capital Expenditure for Distillation Plant at Ravalgaon, Maharashtra ₹3.79 Cr
The company proposes to establish a new distillation plant to expand production capacity by installing plant, machinery and fittings. This expansion aims to strengthen manufacturing capabilities and support long-term growth strategy.
2 Capital Expenditure for expansion and Development of Farms ₹15.23 Cr
The company proposes to scale cultivation of Medicinal and Aromatic Plants (MAPs) and strengthen biomass availability, B2B supply capability, and essential oil operations through improved volume reliability and quality consistency by expanding and developing farmlands.
3 Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company ₹3.63 Cr
The company proposes to repay/prepay certain borrowings to reduce outstanding indebtedness and interest costs, maintain favorable debt-equity ratio and enable further utilization of funds from internal accruals for business growth and expansion.
4 To meet General Corporate Purpose ₹4.65 Cr
The company proposes to utilize funds for strategic initiatives including investments or acquisitions, brand building and promotional activities, strengthening infrastructure and systems, pre-operative expenses, provision for contingencies and ongoing general corporate purposes.
About Quanto Agroworld
Quanto Agroworld Limited is engaged in the cultivation, processing and supply of Medicinal and Aromatic Plants (MAPs) in India, with lemongrass constituting its primary crop and principal commercial focus. The company operates as a specialty ingredient manufacturer focused on lemongrass-based botanical formats and essential oils through a vertically integrated business model covering the complete operational cycle from agricultural cultivation to primary processing and bulk supply. The company's cultivation operations are undertaken through government-leased agricultural land and privately leased farmland operated through a subsidiary, with approximately 424 acres under active cultivation and an additional 312.57 acres under development.
Management
Mr. Surendra Kumar Babulal Agarwal
CEO
Mrs. Sangeeta Surendra Agarwal
MD
Strengths
As stated in the offer document
Vertically integrated operating structure
The company operates through an integrated structure covering land access, cultivation, harvesting, post-harvest handling, steam distillation and dispatch of finished products, reducing dependence on third-party intermediaries and enabling closer coordination between harvesting and processing activities.
Structured access to cultivation land with multi-year visibility
The company conducts core cultivation activities on agricultural land leased through Maharashtra State Farming Corporation Limited (MSFCL), providing visibility over land availability and tenure for advance crop planning and phased land development.
Cost-efficient cultivation and processing configuration
The company undertakes cultivation and processing activities in-house with harvested biomass processed at distillation facilities located in close proximity to cultivation areas, reducing transportation requirements and handling losses.
Experienced promoter-led management and operational oversight
The company is led by promoters who have been associated with operations since inception and have played a central role in land aggregation, expansion of cultivated acreage and commissioning of processing infrastructure.
Asset-light and scalable operating model
The company follows an asset-light approach to land access by operating primarily on leased agricultural land rather than owned farmland, supporting flexibility in expansion planning and reducing fixed cost exposure.
Quality-focused operations and process discipline
The company operates under a quality-oriented framework supported by ISO 9001:2015 certification and holds Kosher and Halal certifications, with quality control measures integrated across cultivation, harvesting and processing stages.
Sustainability-oriented farming and resource utilisation practices
The company focuses on chemical-free and regenerative farming practices with post-distillation biomass reused internally for composting or boiler fuel, supporting a circular operating system and reducing waste.
Risk factors
As stated in the offer document
Customer Concentration Risk
The company generates a significant percentage of revenue from few clients, with the top customer contributing 54.57% of revenue in FY2026 and top 5 customers contributing 85.49%. The company has no long-term agreements with major customers, and loss of any significant customer could materially impact business operations and profitability.
Trade Receivables Collection Risk
The company's inability to collect trade receivables from customers in a timely manner could adversely affect business operations and cash flows. Trade receivables totaled ₹940.13 lakhs as of March 31, 2026, with ₹553.91 lakhs outstanding for more than six months.
Weather and Climate-Related Operational Risk
The company's business is significantly exposed to adverse weather patterns including irregular monsoons, floods, droughts, and climate change effects. These conditions could disrupt agricultural production, reduce crop yields, increase input costs, and impact the availability of raw materials required for operations.
Related Party Transaction Dependency
A significant portion of the company's purchases has been from related party Quanto Agritech Private Limited, representing 23.31% of total expenses in FY2024. This concentration exposes the company to vendor concentration risk, supply disruptions, and potential conflicts of interest.
Geographic Revenue Concentration Risk
The company's operations are concentrated in Maharashtra and Gujarat, with 99.26% of revenues from Maharashtra and 0.74% from Gujarat as of March 31, 2026. This geographic concentration exposes the company to region-specific economic conditions, regulatory changes, and climatic risks.
Regulatory Compliance and Legal Risk
The company has experienced multiple regulatory non-compliances under the Companies Act, 2013, including delays in statutory filings and private placement compliance issues. The company has filed compounding applications with the ROC, and adverse regulatory actions could impact business operations and reputation.
Operational Infrastructure Risk
The company's existing and proposed distillation plants operate under partially covered shed structures, which may expose operations to environmental factors, weather conditions, and regulatory scrutiny. This arrangement may require additional capital expenditure or operational modifications.
Working Capital and Cash Flow Risk
The company has experienced negative cash flows from investing activities (₹46.11 lakhs in FY2026) and financing activities (₹6.44 lakhs in FY2026). Continued negative cash flows may limit funds for operations, expansion plans, and future capital requirements.
Offer documents
Peer comparison
The comparable listed companies named in the offer document, as on 31 Mar 2026
| Company | EPS | NAV | P/E | P/BV | RoNW |
|---|---|---|---|---|---|
| Quanto Agroworld Limited THIS ISSUE | 6.52 | 26.43 | 13.99, computed at the offer price | 2.53, computed at the offer price | 24.68% |
| 1.56 | 208.63 | 336.59 | 2.59 | 3.66% | |
| 6.40 | 98.40 | 23.26 | 1.52 | 3.71% |
Blank cells are figures the offer document does not publish. This issue is unlisted, so it has no market price and the document publishes no multiple for it — its P/E and P/BV here are computed at the offer price, on the post-issue share count, and are comparable to a listed peer's.