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SME IPO
BSE SME Specialty Chemicals
Quanto Agroworld IPO
₹31.02 Cr · Fresh Issue · Specialty Chemicals
Price Band
₹67
Lot: 2000 shares (₹134,000)
GMP (Grey Market)
—
No GMP data yet
Issue Size
₹31.02 Cr
Fresh Issue
Market Cap
₹117.16 Cr
At upper band
P/E Ratio
10.28x
Listing Date
22nd Sep 2026
BSE & NSE
IPO Timeline
✓
Opens
15th Sep 2026
✓
Closes
17 Sep 2026
📋
Allotment
18 Sep 2026
₹
Refund
21 Sep 2026
📈
Listing
22nd Sep 2026
📄 Official Docs
DRHP ↗
IPO India Hub: Subscribe
Conviction
8/10
The company trades at 0.4× sector midpoint P/E with 20.8% net margins and 61% revenue CAGR, offering significant valuation cushion in specialty chemicals. Key risk: promoter dilution from 61.49% to 45.21% post-issue and execution risk on ₹15.23 Cr farm expansion capex.
Our Analysis — Key Points
✓ Strength
Exceptional valuation discount to peers
At 10.28x P/E against a 26x sector midpoint, the company trades at 0.4× the chemicals/agrochemicals benchmark—a rare 60% discount. This valuation floor provides downside protection even if growth moderates, and leaves room for re-rating as the company scales.
✓ Strength
Strong profitability and capital efficiency
Net profit margin of 20.8% and EBITDA margin of 29.54% exceed typical specialty chemicals norms. ROCE of 25.62% and D/E of 0.16x signal efficient capital deployment and minimal financial risk, supporting sustainable dividend potential.
✓ Strength
Accelerating revenue growth trajectory
Revenue surged 61% over two years (₹15.6 Cr to ₹40.4 Cr), driven by farm expansion and distillation capacity. PAT CAGR of 24.9% demonstrates operating leverage, though below revenue growth, indicating margin expansion opportunity as scale increases.
⚠ Risk
Significant promoter stake dilution
Promoter holding drops from 61.49% to 45.21% post-issue, crossing below the 50% comfort threshold for retail investors. This 16-point dilution raises governance and decision-making concerns, particularly given the SME listing status and smaller institutional oversight.
⚠ Risk
Large capex execution and farm expansion risk
₹15.23 Cr (49% of proceeds) is earmarked for farm expansion—a capital-intensive, operationally complex initiative outside core distillation. Delays, cost overruns, or lower-than-expected yields could pressure returns and delay profitability targets.
⚠ Risk
SME liquidity and scale constraints
At ₹117 Cr market cap, the company remains micro-cap with limited institutional coverage and trading liquidity. SME listings face higher delisting risk and lower exit optionality for retail investors if growth stalls or execution falters.
₹ Valuation
Valuation anchored well below sector norms
P/E of 10.28x represents 0.4× the 26x sector midpoint for chemicals/agrochemicals (20–32x range). Even at 1.0× midpoint (26x), the stock would imply ₹218 Cr market cap—an 86% upside—making current pricing attractive for growth-focused investors.
👁 Watch
Monitor farm expansion capex execution
Track quarterly capex spend, farm yield metrics, and timeline adherence on the ₹15.23 Cr farm expansion project. Any material delays or cost overruns should trigger a reassessment of growth assumptions and return on invested capital.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "Quanto Agroworld" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Revenue
₹40.35 Cr
Net Profit
₹8.38 Cr
Industry
Specialty Chemicals
Issue Type
Fresh Issue
Quick Actions
Frequently Asked Questions
Subscribe. The company trades at 0.4× sector midpoint P/E with 20.8% net margins and 61% revenue CAGR, offering significant valuation cushion in specialty chemicals. Key risk: promoter dilution from 61.49% to 45.21% post-issue and execution risk on ₹15.23 Cr farm expansion capex.
GMP data is not yet available for this IPO. Check our GMP Live page for the latest updates closer to the listing date.
The minimum lot size is 2000 shares. At the upper band price of ₹67, the minimum investment per retail application is ₹134,000. You can apply for up to 13 lots (₹1,742,000) under the retail category (up to ₹2 lakh).
The IPO opens on 15th Sep 2026. It closes on 17 Sep 2026. Allotment is expected on 18 Sep 2026. Refunds initiate on 21 Sep 2026. Listing on BSE and NSE is on 22nd Sep 2026.
Our analysis recommends <strong>Subscribe</strong>. The fundamentals support applying before the issue closes on 17 Sep 2026. The minimum investment is ₹134,000 for one lot (2000 shares). The company trades at 0.4× sector midpoint P/E with 20.8% net margins and 61% revenue CAGR, offering significant valuation cushion in specialty chemicals. Key risk: promoter dilution from 61.49% to 45.21% post-issue and execution risk on ₹15.23 Cr farm expansion capex.
Our analysis recommends <strong>Subscribe</strong>. The fundamentals support applying before the issue closes on 17 Sep 2026. The IPO is priced at a P/E of 10.28x. Market cap at issue price is ₹117.16 Cr. As with all IPOs, please read the DRHP and assess your own risk tolerance before investing.
You can apply via UPI through your broker's trading app (Zerodha, Upstox, Fyers, etc.) or via ASBA through your net banking portal. The minimum lot is 2000 shares at ₹67 each, costing ₹134,000 per application. The issue closes on 17 Sep 2026, so apply before that date. Step 1: Log in to your broker or bank app. Step 2: Go to IPO section and search for 'Quanto Agroworld'. Step 3: Enter the number of lots and UPI ID. Step 4: Accept the mandate on your UPI app.
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