Quanto Agroworld IPO Day 1: Subscribed 0.01x; Retail leads with 0.02x
- Quanto Agroworld IPO subscribed 0.01x on Day 1.
- Retail investors account for 0.02x of the total demand.
- QIB and NII categories remain at 0x.
- Issue price is fixed at ₹67 per share.
- Listing scheduled for 2026-09-22.
*this image is generated using AI for illustrative purposes only.
Quanto Agroworld IPO opened for subscription on Day 1 with a total demand of 0.01x. The issue is priced at ₹67 per share, with an issue size between ₹26.80 lakh and ₹50 lakh. Retail investors are the sole contributors to the current subscription tally.
Subscription Status
The IPO saw a quiet start on its first day of bidding. As of the latest update on 15-09-2026, the total subscription stands at 0.01x. The Qualified Institutional Buyers (QIB) and Non-Institutional Investors (NII) categories have not yet registered any bids, remaining at 0x. All current demand comes from the Retail investor segment, which accounts for 0.02x of the subscription.
| Day | Date | QIB | NII (bHNI) | NII (sHNI) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 | 15-09-2026 | 0.00x | 0.00x | 0.00x | 0.02x | 0.01x |
Intra-day Timeline
Subscription activity remained consistent throughout the day, with updates recorded at 13:15 IST and 14:15 IST showing no change in category-wise demands.
| Time (IST) | QIB | NII (bHNI) | Retail | Total |
|---|---|---|---|---|
| 13:15 | 0.00x | 0.00x | 0.02x | 0.01x |
| 14:15 | 0.00x | 0.00x | 0.02x | 0.01x |
Offer Details
Quanto Agroworld Limited is raising funds through this initial public offering. The price band is fixed at ₹67.00000 - ₹67.00000. The minimum bid quantity is set at 4000 shares. The issue size ranges from ₹268000 to ₹500000. The IPO opened for subscription on 2026-09-15 10:00:00 and will close on 2026-09-17 16:00:00.
About the Company
Quanto Agroworld Limited is engaged in the cultivation, processing, and supply of Medicinal and Aromatic Plants (MAPs) in India. Lemongrass constitutes 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. This model covers the complete operational cycle from agricultural cultivation to primary processing and bulk supply. 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.
Financial Highlights
The company reported revenue from operations of ₹40.35 crores in FY2026, up from ₹16.49 crores in FY2025 and ₹15.55 crores in FY2024. Profit before tax stood at ₹8.41 crores in FY2026, compared to ₹6.22 crores in FY2025 and ₹5.76 crores in FY2024. Total profit was ₹8.38 crores in FY2026.
| Particulars | FY2026 (₹ crores) | FY2025 (₹ crores) | FY2024 (₹ crores) |
|---|---|---|---|
| Revenue from Operations | 40.35 | 16.49 | 15.55 |
| Profit Before Tax | 8.41 | 6.22 | 5.76 |
| Total Profit | 8.38 | 6.63 | 5.37 |
| Total Assets | 40.00 | 33.43 | 24.82 |
Objects of the Issue
The proceeds from the IPO will be utilized for the following purposes:
- Capital Expenditure for Distillation Plant at Ravalgaon, Maharashtra: ₹3.79 crores
- Capital Expenditure for expansion and Development of Farms: ₹15.23 crores
- Prepayment or repayment of certain outstanding borrowings: ₹3.63 crores
- To meet General Corporate Purpose: ₹4.65 crores
Risk Factors
Material risks associated with the company include:
- Customer Concentration Risk: The top customer contributed 54.57% of revenue in FY2026, and the top 5 customers contributed 85.49%. There are no long-term agreements with major customers.
- Trade Receivables Collection Risk: 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: Business is exposed to adverse weather patterns including irregular monsoons, floods, and droughts, which could disrupt production.
- Related Party Transaction Dependency: Significant purchases were made from related party Quanto Agritech Private Limited, representing 23.31% of total expenses in FY2024.
- Geographic Revenue Concentration Risk: 99.26% of revenues came from Maharashtra as of March 31, 2026.
What's Next
The IPO will close on 2026-09-17. Allotment is scheduled for 2026-09-18, and the listing date is set for 2026-09-22.
Will the lack of QIB and NII interest on Day 1 signal broader skepticism toward small-cap agri-business IPOs, or is this typical for micro-cap issues with limited market visibility?
Given that 54.57% of revenue comes from a single customer without long-term contracts, how might the company mitigate the risk of revenue volatility post-listing?
How will the allocation of ₹15.23 crores towards farm expansion impact the company's short-term cash flow, especially considering ₹553.91 lakhs in trade receivables are already overdue by more than six months?
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