Adon Agro Commodities IPO GMP & Allotment
Adon Agro Commodities Limited operates in the agro-commodity trading and processing sector, mainly focused on dry fruits, nuts, seeds and berries. It sources products from India and overseas markets, including the UAE, Afghanistan, Chile, the USA and Sri Lanka, and sells them as bulk traded goods or after processing, packing and branding. Its products include almonds, cashews, walnuts, pistachios, raisins, dates, apricots and related dry-fruit items, including processed variants and customised assortments. The company generates revenue through containerised bulk sales, wholesale sales, modern trade, export sales, direct-to-consumer channels, government/institutional sales and services such as almond-shell breaking. It also sells processed and packed dry fruits under its proprietary brand, “Hunger Nuts”. The RHP describes the business as moving from a trading-focused model to an integrated model covering sourcing, processing, packaging and multi-channel distribution.
- IPO Price Band
- ₹66.00 - ₹70.00
- Lot Size
- 2,000 Shares
- Bidding Closes
- 01 Jul 2026
- Listing Date
- 06 Jul 2026
Adon Agro Commodities IPO GMP Today & Key Takeaways
Adon Agro Commodities IPO officially listed on 06 Jul 2026 at Rs 78.25, delivering a +11.79% listing gain compared to its issue price of Rs 70.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹8.25.
Adon Agro Commodities IPO officially listed on 06 Jul 2026 at ₹78.25, delivering a +11.79% listing gain compared to its issue price of ₹70.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹8.25.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹8.25 | +11.79% vs upper band (30 Jun 2026) |
| Est. Listing Price | ₹78.25 | +11.79% Est. Listing Gain |
| Price Band | ₹66.00 - ₹70.00 | SME IPO |
| Retail Minimum Investment | ₹2,80,000 | 2 Lot (2,000 Shares) |
| Bidding Window | 29 Jun 2026 – 01 Jul 2026 | Listed |
| Allotment & Listing Dates | Allotment: 02 Jul 2026 | Listing: 06 Jul 2026 |
Complete IPO information
| IPO Open Date | 29 Jun 2026 |
|---|---|
| IPO Close Date | 01 Jul 2026 |
| IPO Price Band | ₹66.00 - ₹70.00 |
| Lot Size | 2,000 Shares |
| Current GMP | ₹8.25 |
| Estimated Listing Gain | +11.79% |
| Issue Size | Approx ₹44.03 Cr |
| Fresh Issue | - |
| Issue Type | SME |
| IPO Listing | BSE SME |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 1.34x |
| Minimum Investment | ₹2,80,000 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus | - |
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Adon Agro Commodities is priced at ₹70 per share. With a minimum lot size of 2,000 shares, a retail investor applying for one lot would need approximately ₹2,80,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Adon Agro Commodities stands at ₹8.25, implying an estimated listing gain of around 11.79% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Adon Agro Commodities's IPO was subscribed 1.34x overall, with a category-wise breakdown of Retail 0.84x, QIB 22.47x.
Among the strengths highlighted in Adon Agro Commodities's IPO documents: Operates an integrated business model covering sourcing, importing, processing, packing and distribution of dry fruits and nuts.; Sources products from multiple domestic and international markets, supporting a diversified procurement network..
Investors should also weigh the risk factors Adon Agro Commodities has disclosed, including: A significant share of revenue depends on a limited number of customers, and losing key customers could impact the business..
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
IPO roadmap at a glance
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 29 Jun 2026 | Completed |
| Bidding Closes | 01 Jul 2026 | Completed |
| Allotment | 02 Jul 2026 | Completed |
| Listing | 06 Jul 2026 | Completed |
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 30 Jun 2026 | ₹0.00 | - | 0.00% |
| 29 Jun 2026 | ₹0.00 | - | 0.00% |
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 4,000 | ₹2,80,000 |
| Retail Maximum | 2 Lot | 4,000 | ₹2,80,000 |
| S-HNI Minimum | 3 Lot | 6,000 | ₹4,20,000 |
| S-HNI Maximum | 7 Lot | 14,000 | ₹9,80,000 |
| B-HNI Minimum | 8 Lot | 16,000 | ₹11,20,000 |
Objects of the Issue & Official Documents
Important takeaways before applying
Strengths
- Operates an integrated business model covering sourcing, importing, processing, packing and distribution of dry fruits and nuts.
- Sources products from multiple domestic and international markets, supporting a diversified procurement network.
- Markets processed products under its own “Hunger Nuts” brand across B2B, wholesale, retail and D2C channels.
- Has an established distribution network through APMC Navi Mumbai, intermediaries and third-party distributors across India.
- Maintains internal quality control processes to ensure products meet defined quality standards before sale.
Risks
- A significant share of revenue depends on a limited number of customers, and losing key customers could impact the business.
- The company does not have long-term agreements with its customers, making revenue less predictable.
- Competition from organised and unorganised suppliers may reduce market share, revenue and profitability.
- Dry fruits are susceptible to spoilage and contamination, which could lead to regulatory action and reputational damage.
- The business is seasonal, and demand depends on festivals and the marriage season.
Adon Agro Commodities IPO Reservation
Adon Agro Commodities IPO has allocated shares across various investor categories as per the applicable SME IPO regulations. The issue provides participation opportunities for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs).
The majority of the issue has been reserved for retail investors and high-net-worth investors, while a smaller allocation has been earmarked for institutional investors. The final allotment in each category will depend on the level of subscription received during the IPO bidding period.
| Investor Category | Share Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Excluding Anchor) | 64,000 Shares | 1.02% |
| NII Shares Offered | 29,60,000 Shares | 47.06% |
| Retail Shares Offered | 29,50,000 Shares | 46.90% |
Adon Agro Commodities IPO Dates
The Adon Agro Commodities IPO will open for subscription on June 29, 2026, and close on July 1, 2026. Investors can place bids for shares during this subscription window through their brokers or online trading platforms.
The company is expected to finalize the basis of allotment on July 2, 2026. Refunds for unsuccessful applicants and credit of shares to successful investors' demat accounts are scheduled for July 3, 2026, while the shares are proposed to be listed on the BSE SME platform on July 6, 2026.
| IPO Activity | Date |
|---|---|
| Adon Agro Commodities IPO Open Date | June 29, 2026 |
| Adon Agro Commodities IPO Close Date | July 1, 2026 |
| Basis of Allotment | July 2, 2026 |
| Refunds Initiation | July 3, 2026 |
| Credit to Demat Account | July 3, 2026 |
| IPO Listing Date | July 6, 2026 |
| IPO Bidding Cut-off Time | July 1, 2026 – 5:00 PM |
Adon Agro Commodities IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 29 Jun 2026 |
| IPO Close Date | 01 Jul 2026 |
| Basis of Allotment | 02 Jul 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 06 Jul 2026 |
Note: The timeline for Adon Agro Commodities IPO is tentative and subject to change.
Adon Agro Commodities IPO Objects of the Issue & Utilisation of Proceeds
Adon Agro Commodities Limited intends to utilize the proceeds from the IPO primarily to strengthen its working capital position and support future business expansion activities. The agro commodities business generally requires significant working capital due to inventory management, procurement cycles, and trade receivables.
The company plans to deploy a major portion of the issue proceeds towards meeting its incremental working capital requirements, which is expected to improve operational efficiency and support higher business volumes. The remaining funds will be utilized for general corporate purposes.
| Purpose | Amount |
|---|---|
| Funding Incremental Working Capital Requirements | ₹32.00 Cr. |
| General Corporate Purpose | ₹- |
Adon Agro Commodities Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Adon Agro Commodities IPO Company Financial Report
Adon Agro Commodities Limited has reported strong financial growth over the last few years, supported by increasing business volumes and expansion in the agro commodities trading segment. The company has demonstrated substantial growth in revenue while improving profitability and asset strength.
The financial performance for January 2026 reflects a significant jump in revenue and profit compared to previous financial years, indicating strong momentum in business operations and improved operational efficiency.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹22.33 | ₹22.21 | ₹0.09 | ₹3.65 |
| 2024 | ₹72.92 | ₹70.36 | ₹1.79 | ₹20.22 |
| 2025 | ₹103.04 | ₹93.11 | ₹7.22 | ₹39.11 |
| January 2026 | ₹287.33 | ₹258.18 | ₹21.55 | ₹86.43 |
Adon Agro Commodities Company Financials
To Be Updated Soon
Adon Agro Commodities Company Valuation – FY2026
To Be Updated Soon
Adon Agro Commodities IPO Peer Group Comparison
To Be Updated Soon
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