Quanto Agroworld IPO
QAL

₹1,34,000 / 2 lots

RHP/DRHP

Issue Date

15 Sep - 17 Sep'26

Price Band

₹67

Lot Size

2000 Shares

IPO Size

₹31.02 Cr

Listing At

BSE

Schedule of Quanto Agroworld IPO

IPO Open Date

15/09/2026

IPO Close Date

17/09/2026

Basis of Allotment

18/09/2026

Refund Initiation

21/09/2026

Credit of Shares

21/09/2026

Listing on exchange

22/09/2026

(Last updated on 16 Sep 2026 04:45 PM)

The Quanto Agroworld Limited IPO, an SME IPO, opens on Tuesday, September 15, 2026 and closes on Thursday, September 17, 2026. The allotment of shares will take place on Friday, September 18, 2026. The credit of shares to the demat account will take place on Monday, September 21, 2026. The initiation of refunds will take place on Monday, September 21, 2026. The listing of shares will take place on Tuesday, September 22, 2026.

The equity shares of the company are proposed to be listed on the BSE SME platform. The offer consists of a fresh issue component. The fresh issue will include 46,30,000 shares aggregating up to ₹31.02 crore. The total number of shares is 46,30,000 and the aggregate amount is ₹31.02 crore.

Quanto Agroworld Limited IPO's price band is set at ₹67 per share (Fixed Price Issue). The lot size for an application is 2,000 shares. The minimum amount of investment required by a retail investor is ₹2,68,000 (4,000 shares, being 2 lots) based on the issue price.

Quanto Agroworld Limited is engaged in the cultivation, processing, and supply of aromatic and medicinal crops and the production of essential oils and aroma oils used in the pharmaceutical, personal care, food, and wellness industries.

  • Capital expenditure for the distillation plant at Ravalgaon, Maharashtra.
  • Capital expenditure for the expansion and development of farms.
  • Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company.
  • General corporate purposes.

The Company operates in the medicinal and aromatic plants and essential oils industry. Demand for natural, plant-based ingredients is climbing worldwide. This shift spans the pharmaceutical, personal care, food, and wellness sectors, and it underpins a durable growth outlook for producers of botanical extracts and oils.

The global essential oils market was estimated at USD 25.86 billion in 2024 and is projected to reach USD 56.25 billion by 2033. That trajectory reflects a CAGR of 9.0%. Lemongrass oil, the Company's core product, was valued at roughly USD 61 million in 2024 and is projected to approach USD 123 million by 2032. Its CAGR is estimated at 7-10%.

The wider medicinal and aromatic plants market was estimated at USD 410.3 billion in 2024 and is projected to reach USD 890.7 billion by 2034, at a CAGR of 8.1%. India's agro-climatic diversity and low cultivation costs support domestic participation here. The company cultivates and processes lemongrass and other aromatic crops to supply citral-rich oils into this expanding demand base.

Quanto Agroworld Limited was incorporated in 2018 and is headquartered in Mumbai, Maharashtra. It follows a soil-to-oil operating model. The company integrates cultivation, on-site steam distillation, and manufacturing of essential oils and aroma oils. Its cultivation is concentrated in Maharashtra. A 737-acre cluster at Ravalgaon anchors mechanised farming, irrigation, and distillation operations.

The Company primarily cultivates the Krishna variety of lemongrass. Core cultivation land is leased through the Maharashtra State Farming Corporation Limited, a government undertaking, under multi-year tenures allotted via a competitive e-tender process. Installed capacity for lemongrass essential oil stands at 11.25 tonnes per annum. Operations are supported through subsidiaries Quanto Agritech Private Limited and Quanto Kisan Private Limited. The Company holds ISO 9001:2015 certification, along with Kosher and Halal certifications.

  • The company operates a vertically integrated structure spanning land access, cultivation, harvesting, post-harvest handling, steam distillation, and dispatch of finished products.
  • Core cultivation is conducted on government land leased through the Maharashtra State Farming Corporation Limited under multi-year tenures, giving the Company long-term visibility over land availability.
  • On-site distillation facilities located close to cultivation areas reduce transportation, lower handling losses, and shorten turnaround between harvest and processing.
  • The company follows an asset-light model, operating primarily on leased agricultural land rather than owned farmland, which enables expansion without large capital outlay on land acquisition.
  • Post-distillation biomass is reused internally as compost and boiler fuel, supporting a circular, zero-waste operating system.
  • A significant share of the company's revenue comes from a few clients, so the loss of any major client could materially reduce revenue.
  • The top ten suppliers account for the majority of purchases, and losing one or more could disrupt raw material supply and raise input costs.
  • The company does not own its registered office or farmlands and operates on leased land, so non-renewal or termination of these leases could halt cultivation and processing.
  • As an agriculture-dependent business, output relies on weather and climate, and unfavourable conditions could reduce crop yields and hurt production volumes.
  • The company has not yet placed orders for the plant and machinery for the proposed distillation plant, so procurement delays or cost overruns could postpone the objects of the Issue.
  • The company has reported negative cash flows from investing and financing activities in certain years, which could limit funds available for operations and expansion if the trend continues.
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Notes: (1) Revenue from Operations means the Revenue from Operations as appearing in the Restated Financial Statements.
(2) EBITDA is calculated as Profit before tax + Depreciation + Amortization + Interest Expenses – Other Income.

Registrar Details
MUFG Intime India Private Limited
Contact No.: 022 4918600
E-mail: haresh.hinduja@in.mpms.mufg.com

Lead Manager
Sobhagya Capital Options Private Limited

Quanto Agroworld Contact Details
109, Garnet Paladium, ITT Bhatti, Western Express Highway,
Behind Express Zone, Goregaon East, Mumbai, Maharashtra – 400063.
E-mail: compliance@quantoagro.com;
Tel No: +91 8879777355

The company earns its revenue through the cultivation, in-house processing, and B2B supply of citral-rich lemongrass essential oil and other medicinal and aromatic plant ingredients. Biomass is harvested from company-operated leased farmland and processed at on-site steam distillation units co-located within cultivation clusters, which preserves citral content and improves recovery rates. The company supplies its output to flavour and fragrance houses, aromatherapy brands, herbal product manufacturers, and ingredient traders across domestic and international markets. Residual biomass from distillation is repurposed into boiler fuel, compost, and briquettes, adding a resource-recovery layer to the core essential oils business.

Quanto Agroworld Limited's Total Income for FY25 was ₹16.49 crore, whereas in FY24 and FY23 it was ₹15.56 crore and ₹12.09 crore, respectively.

The Profit After Tax for FY25 was ₹6.63 crore, whereas in FY24 and FY23 it was ₹5.37 crore and ₹2.07 crore, respectively.

Their EBITDA for FY25 was ₹9.28 crore, whereas in FY24 and FY23 it was ₹7.37 crore and ₹2.21 crore, respectively.

The Company's operations are concentrated in Maharashtra, anchored by a 737-acre cultivation cluster at Ravalgaon that houses mechanised farming, irrigation infrastructure, and on-site distillation units. Installed capacity for lemongrass essential oil stands at 11.25 tonnes per annum. The Company holds ISO 9001:2015 certification along with Kosher and Halal certifications, and supplies citral-rich lemongrass oil and related ingredients to institutional B2B customers across the flavour and fragrance, aromatherapy, herbal, and pharmaceutical segments.

As of 31 March 2025, the company's Total Income, Profit After Tax, and EBITDA were ₹16.49 crore, ₹6.63 crore, and ₹9.28 crore, respectively.

Note: () denotes negative

  • Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
  • Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
  • Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
  • Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
  • Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

The Quanto Agroworld IPO opens for subscription from 15-09-2026 to 17-09-2026, with a total issue size of ₹31.02 Cr. The IPO price band is ₹67 to ₹0 per share with a lot size of 4000. The company aims to list the shares on BSE & NSE on 22-09-2026.

The Quanto Agroworld IPO will open for subscription on 15-09-2026 and will close on 17-09-2026 for investors.

The lot size of Quanto Agroworld IPO is 4000 equity shares, requiring a minimum investment of ₹134000/2 Lots for retail investors applying in the IPO.

The price band of the Quanto Agroworld IPO has been fixed at ₹67 to ₹0 per equity share.

You can apply for the Quanto Agroworld IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.

Quanto Agroworld IPO allotment will take place on 18-09-2026.

You can check the Quanto Agroworld IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.

Quanto Agroworld shares will list on the stock exchanges on 22-09-2026.

You can find detailed information about the Quanto Agroworld IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).

Mr. Surendra Kumar Babulal Agarwal is the Chairman and Executive Director of Quanto Agroworld Limited.

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

Investments in securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.