Adon Agro Commodities IPO
GMP, Subscription, Price, Dates & Financial Details
Consumer Food
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…
Open Date
Mon, 29 Jun 2026
Close Date
Wed, 01 Jul 2026
Price Band
₹ 66 – 70
Lot Size
2000
Issue Size
₹ 44.00 Cr
Minimum Investment
₹ 280,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Adon Agro Commodities IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹44 Crore, comprising a fresh issue of 59.74 Lakh equity shares aggregating to ₹42.00 Crore.
The Adon Agro Commodities IPO remained open for subscription from June 29, 2026, to July 01, 2026. The basis of allotment was finalized on July 02, 2026, and the company's shares were listed on BSE SME Platform on July 06, 2026.
The company had fixed the price band at ₹66 to ₹70 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹280,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Galactico Corporate Services Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Adon Agro Commodities Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Adon Agro Commodities IPO Timeline (Tentative)
- IPO Open Date
- Mon, 29 Jun 26
- IPO Close Date
- Wed, 01 Jul 26
- Basis of Allotment
- Thu, 02 Jul 26
- Initiation of Refunds
- Fri, 03 Jul 26
- Credit of Shares to Demat
- Fri, 03 Jul 26
- Listing Date
- Mon, 06 Jul 26 — NSE & BSE
Open Date
29 June 2026
Close Date
01 July 2026
Basis Of Allotment
02 July 2026
Listing Date
06 July 2026
IPO Subscription
Check Live Subscription →The Adon Agro Commodities IPO has received bids for 84,04,000 shares against 59,74,000 shares offered, resulting in an overall subscription of 1.41x. the NII category is subscribed 1.51x, Retail Investors 0.84x, and QIBs 22.47x. Within the NII category, BNII is subscribed 1.99x, while SNII is subscribed 0.57x.
QIB
22.47x
NII
1.51x
BNII
1.99x
SNII
0.57x
RII
0.84x
Total
1.41x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 29,60,000 shares, representing 49.55% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 64,000 shares (1.07%), while Non-Institutional Investors (NIIs) receive 29,50,000 shares (49.38%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 64,000 | 1.07% |
| Non-Institutional | 2,950,000 | 49.38% |
| BNII | 1,966,000 | 32.91% |
| SNII | 984,000 | 16.47% |
| Retail Investors | 2,960,000 | 49.55% |
| Total | 5,974,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Adon Agro Commodities Limited KPI Information
| 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 |
| Pat Margin % | 7.5 | 7.01 | 2.47 | 0.38 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Adon Agro Commodities Ltd | 10 | 0 | 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 | 10.5 | 10.5 | 5.86 | 377.12 |
| Krishival Foods Ltd | 10 | 50.74 | 6.07 | 6.07 | 4.08 | 63.55 |
About Adon Agro Commodities Limited
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.
Adon Agro Commodities IPO Promoters
- Mr. Narayanswamy Venkitkrishnan
- Mrs. Jigisha Narayanswamy
- Mr. Shubham Ratan Sharma
Promoters Holding
Holding Pre Issue
90.04%
Holding Post Issue
65.44%
Adon Agro Commodities IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding incremental working capital requirements
- General Corporate Purpose
Adon Agro Commodities Limited Address / Contact Details
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
Adon Agro Commodities IPO Lot Size
The Adon Agro Commodities IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹2,80,000 by applying for 2 lot (4,000 shares). The maximum application allowed for the retail category is 2 lots (4,000 shares), requiring an investment of ₹2,80,000.
| 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 |
Issue Reservation
- QIB — 1.07%
- NII — 49.38%
- RII — 49.55%
Book Running Lead Managers
- Galactico Corporate Services Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Adon Agro Commodities IPO?
Adon Agro Commodities IPO is a Book-building IPO with a total issue size of ₹44 crore. The Adon Agro Commodities IPO price band is ₹66 to 70 per share. The Adon Agro Commodities IPO subscription opens on Mon, Jun 29, 2026, and closes on Wed, Jul 1, 2026. The Adon Agro Commodities IPO will be listed on the BSE. KFin Technologies Limited is the registrar for the Adon Agro Commodities IPO.
When will the Adon Agro Commodities IPO open for subscription?
The Adon Agro Commodities IPO opens on Mon, Jun 29, 2026 and closes on Wed, Jul 1, 2026
What is Adon Agro Commodities IPO Price Band?
Adon Agro Commodities IPO Price Band is ₹66 to 70 per share.
What is Adon Agro Commodities IPO Lot Size?
Adon Agro Commodities IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹280000 based on the upper price band
What is the minimum investment for Adon Agro Commodities IPO?
The minimum investment for Adon Agro Commodities IPO is ₹280000, based on one lot of 2000 shares at the upper price band of ₹70 per share.
How to apply for Adon Agro Commodities IPO?
Investors can apply for the Adon Agro Commodities IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Jul 1, 2026. The application amount remains blocked until the Adon Agro Commodities IPO allotment is finalized.
What is Adon Agro Commodities IPO Issue Size?
Adon Agro Commodities IPO issue size is ₹44 crores.
What is the Adon Agro Commodities IPO Allotment Date?
Adon Agro Commodities IPO allotment date is Thu, Jul 2, 2026.
Who is the Adon Agro Commodities IPO Registrar?
The registrar for Adon Agro Commodities IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Adon Agro Commodities IPO allotment status, refund processing, and other IPO-related information.
Who is the Adon Agro Commodities IPO Lead Manager?
The book-running lead managers (BRLMs) for the Adon Agro Commodities IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Adon Agro Commodities IPO Red Herring Prospectus (RHP).