Adon Agro Commodities IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 66 – 70
Lot Size
2000
Issue Size
₹44 Cr
Minimum Investment
₹280000 (4000 Shares)
Listing Date
06 July 2026
Subscription
-
About the Company
The Company is engaged in the sourcing, processing, packaging, marketing, and distribution of a wide range of dry fruits and nuts. Its product portfolio includes almonds, cashews, walnuts, pistachios, raisins, dried dates, apricots, figs, and assorted dry fruit mixes. These products are offered in multiple grades, forms, and packaging configurations to cater to diverse customer requirements.
The Company markets its products in both unprocessed bulk form and value-added processed and packaged formats under its proprietary retail brand, Hunger Nuts. The brand offers products in pack sizes ranging from 250 grams to 30 kilograms, serving retail consumers, institutional buyers, and commercial customers.
In addition to its core product offerings, the Company provides corporate and festive gifting solutions through curated dry fruit hampers and customized assortments designed for businesses, institutions, and special occasions.
Sourcing and Supply Chain
The Company procures raw materials from both domestic and international markets to ensure product quality, supply continuity, and a diversified sourcing network. Its international sourcing footprint includes suppliers located in the United Arab Emirates (UAE), Afghanistan, the United States of America (USA), Chile, and Sri Lanka.
Processing Infrastructure
The Company operates an in-house processing facility located at MIDC Mahape, Navi Mumbai. The facility is equipped with modern processing capabilities, including:
- Mechanical cracking of almonds
- Manual cracking and grading of walnuts
- Cleaning and sorting operations
- Roasting and flavouring processes
- Packaging and quality control activities
The Company commenced processing operations during FY 2025-26. As of November 30, 2025, the facility had an installed annual processing capacity of approximately 4,800 tonnes for almonds and 2,000 tonnes for walnuts.
Business Verticals and Revenue Streams
The Company's revenue is generated through five key business verticals:
- Containerized bulk sales to B2B customers
- Wholesale distribution and corporate gifting sales
- Supply to organized retail and modern trade chains
- Export sales
- Direct-to-consumer (D2C) sales through its own website and third-party e-commerce platforms
This diversified business model enables the Company to serve a broad customer base across domestic and international markets.
Geographic Presence and Expansion
As of November 30, 2025, the Company had established a presence across 19 states in India. During FY 2025-26, it also commenced export operations to the UAE, marking its entry into international markets.
To strengthen its global sourcing, trading, and distribution capabilities, the Company incorporated a wholly owned subsidiary, Adon Agro Trading L.L.C., in Dubai, UAE, in November 2025.
Customer Base and Human Resources
The Company has demonstrated significant growth in its customer base, serving 794 customers as of November 30, 2025, compared to 101 customers during FY 2024-25.
As of November 30, 2025, the Company employed 51 personnel, including directors, key managerial personnel, and senior management professionals. Its workforce supports various functions, including sales and marketing, information technology, finance, supply chain management, and plant operations.
Promoters
- Mr. Narayanswamy Venkitkrishnan
- Mrs. Jigisha Narayanswamy
- Mr. Shubham Ratan Sharma
Promoters Holding
Holding Pre Issue
90.04%
Holding Post Issue
65.44%
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding incremental working capital requirements
- General Corporate Purpose
Address / Contact Info
Adon Agro Commodities Ltd. Address
Office No. I-3029, 3rd Floor, Akshar Business Park
Sector 25, Plot No. 3, Janta Market Road
Vashi, Navi Mumbai, Sanpada
Thane, Maharashtra, 400703
E-mail: cs@adonagrocommodities.com
Tel: 022 - 6501 1773
Website:http://www.adonagrocommodities.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 29 June 2026
IPO Close Date
Wednesday, 01 July 2026
Basis of Allotment
Thursday, 02 July 2026
Initiation of Refunds
Friday, 03 July 2026
Credit of Shares to Demat
Friday, 03 July 2026
Listing Date
Monday, 06 July 2026 — NSE & BSE
Important Dates
Open Date
29 June 2026
Close Date
01 July 2026
Basis Of Allotment
02 July 2026
Listing Date
06 July 2026
Financial Performance (₹ in Crores)
| Particular | 31 Jan 2026 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 86.43 | 39.11 | 20.22 | 3.65 |
| Revenue | 287.33 | 103.04 | 72.92 | 22.33 |
| Profit After Tax | 21.55 | 7.22 | 1.79 | 0.09 |
| Net Worth | 36.72 | 12.17 | 4.95 | 0.26 |
| Reserve & Surplus | 30.45 | 9.17 | 1.95 | 0.16 |
| Total Borrowings | 10.19 | 4.74 | 6.96 | 0 |
EPS Pre
4.32%
EPS Post
10.91%
P/E Pre
16.22
P/E (Post Issue)
6.42x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Jan 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 88.16 | 84.36 | 68.72 | 40.09 |
| ROCE % | 68.79 | 60.65 | 51.85 | 49.87 |
| Debt / Equity | 0.28 | 0.39 | 1.41 | 0 |
| RoNW % | 88.16 | 84.36 | 68.72 | 40.09 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 7.5 | 7.01 | 2.47 | 0.38 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 64000 | 1.07 | 0 |
| Non-Institutional | 2950000 | 49.38 | 0 |
| BNII | 1966000 | 32.91 | 0 |
| SNII | 984000 | 16.47 | 0 |
| Retail Investors | 2960000 | 49.55 | 0 |
| Total | 5974000 | 100 | 0 |
Subscription Status
Subscriptions figures are shown once IPO opens.
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Adon Agro Commodities Ltd | 10 | 0.00 | 5.37 | 5.37 | 84.36 | 40.57 |
| Leo Dry Fruits & Spices Trading Ltd | 10 | 9.57 | 5.75 | 5.75 | 16.68 | 35.59 |
| Proventus Agrocom Ltd | 10 | 114.29 | 10.50 | 10.50 | 5.86 | 377.12 |
| Krishival Foods Ltd | 10 | 50.74 | 6.07 | 6.07 | 4.08 | 63.55 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 280,000.00 |
| Retail (Max) | 2 | 4,000 | 280,000.00 |
| S-HNI (Min) | 3 | 6,000 | 420,000.00 |
| S-HNI (Max) | 7 | 14,000 | 980,000.00 |
| B-HNI (Min) | 8 | 16,000 | 1,120,000.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Galactico Corporate Services Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Adon Agro Commodities IPO is a Book-building IPO worth ₹44 crores. The price band is ₹66 to 70 per share. The IPO opens on Mon, Jun 29, 2026 and closes on Wed, Jul 1, 2026. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Adon Agro Commodities IPO opens on Mon, Jun 29, 2026 and closes on Wed, Jul 1, 2026
Adon Agro Commodities IPO Price Band is ₹66 to 70.
Adon Agro Commodities IPO lot size is 2000, and the minimum amount required for application is ₹280000.
The minimum investment for Adon Agro Commodities IPO is approximately ₹280000 based on the upper price band.
To apply for the Adon Agro Commodities IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Jul 1, 2026. After submission, funds are blocked until the basis of allotment of Adon Agro Commodities IPO is finalised.
Adon Agro Commodities IPO issue size is ₹44 crores.
Adon Agro Commodities IPO allotment date is Sat, Jun 27, 2026.
The registrar for Adon Agro Commodities IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Adon Agro Commodities IPO through their official website or helpline.