Upcoming IPO, Nov. 19 -- Pajson Agro India, on Wednesday, November 19, said the BSE had approved its Draft Red Herring Prospectus (DRHP) for the proposed initial public offering (IPO). The company is going public through an IPO to fund the establishment of a second cashew processing facility at Vizianagaram, Andhra Pradesh. Pajson Agro India has plans to issue fresh issue up to 63,09,600 equity shares, each with a face value of Rs.10, in the forthcoming IPO.

Smart Horizon Capital Advisors Private Limited has been appointed as the book-running lead manager to the issue, while Bigshare Services Private Limited will serve as the registrar to the issue.

Pajson Agro India is engaged in processing raw cashew nuts into kernels for domestic and...