Adon Agro Commodities
Table of Contents
- 01 IPO Description
- 02 IPO Parameters
- 03 IPO Roadmap
- 04 GMP History
- 05Adon Agro Commodities IPO Market Lot
- 06 Adon Agro Commodities IPO Details
- 07 Adon Agro Commodities IPO Reservation
- 08 Adon Agro Commodities IPO Dates
- 09 Adon Agro Commodities IPO Promoters and Holding Pattern
- 10 Adon Agro Commodities IPO Objects of the Issue & Utilisation of Proceeds
- 11 Adon Agro Commodities - About IPO
- 12 Adon Agro Commodities IPO Company Financial Report
- 13 Adon Agro Commodities IPO Valuation – FY2025
- 14 Adon Agro Commodities IPO Peer Group Comparison
- 15 IPO Lead Managers aka Merchant Bankers
IPO PARAMETERS
IPO ROADMAP
Grey Market Premium HISTORY
| Date | GMP (₹) | Daily Change | Gain (%) |
|---|---|---|---|
| 29 Jun 2026 | ₹0.00 | - | 0.00% |
Adon Agro Commodities IPO MARKET LOT
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4,000 | ₹280,000 |
| Retail Maximum | 2 | 4,000 | ₹280,000 |
| S-HNI Minimum | 3 | 6,000 | ₹420,000 |
| S-HNI Maximum | 7 | 14,000 | ₹980,000 |
| B-HNI Minimum | 8 | 16,000 | ₹1,120,000 |
Adon Agro Commodities IPO DETAILS
Adon Agro Commodities Limited is launching its Initial Public Offering (IPO) through the book-building route to raise funds for business expansion, working capital requirements, and general corporate purposes. The company operates in the agro commodities sector and is involved in the trading, processing, and distribution of agricultural products.
The IPO consists entirely of a fresh issue of equity shares, which means the proceeds from the issue will directly benefit the company and support its future growth initiatives. Following the completion of the issue, the company's shares are proposed to be listed on the BSE SME platform.
| Particular | Details |
|---|---|
| Adon Agro Commodities IPO Open Date | June 29, 2026 |
| Adon Agro Commodities IPO Close Date | July 1, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹66 to ₹70 Per Share |
| Issue Size | Approx ₹44.03 Crores |
| Fresh Issue | Approx ₹44.03 Crores |
| Issue Type | Bookbuilding Issue |
| IPO Listing | BSE SME |
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 Promoters and Holding PATTERN
Adon Agro Commodities Limited is promoted by Mr. Narayanswamy Venkitkrishnan, Mrs. Jigisha Narayanswamy, and Mr. Shubham Ratan Sharma. The promoters have been instrumental in building the company's presence in the agro commodities business and have contributed significantly to its operational growth and market expansion.
Prior to the public issue, the promoter group held a dominant ownership position in the company. Following the completion of the IPO, promoter shareholding will dilute due to the issuance of fresh equity shares; however, the promoters will continue to maintain a majority stake and management control over the company.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,67,27,270 | 90.04% |
| Promoter Holding Post Issue | 2,30,17,270 | 65.44% |
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 - About IPO
Adon Agro Commodities has been involved in the sourcing, importing, processing, packing, and distribution of dry fruits, nuts, seeds, and berries. Its product range includes almonds, cashews, walnuts, raisins, pistachios, dates, apricots, and other related products.
The firm sells its products in bulk in unprocessed form as well as in processed and packaged format in sizes ranging from 250 grams to 30 kilograms under its brand Hunger Nuts. Adon Agro sources its raw materials from both domestic and international markets in the UAE, Afghanistan, the USA, Chile, and Sri Lanka.
Its manufacturing facility is located at Navi Mumbai, which includes machines for cracking of almonds, manual cracking and grading of walnuts, cleaning, sorting, roasting, flavouring, and packaging operations. Moreover, the company generates its revenue via 5 different segments: Containerised Bulk B2B Sales, Wholesale and Corporate Gifting Sales, Modern Trade Supply, Export Sales, and Direct-to-Consumer (D2C) Sales.
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 IPO Valuation – FY2025
Adon Agro Commodities Limited has reported impressive profitability and return ratios for FY2025, reflecting strong business growth and efficient capital utilization. The company's robust Return on Equity (ROE) and Return on Capital Employed (ROCE) indicate its ability to generate healthy returns for shareholders and investors.
Investors generally evaluate metrics such as Earnings Per Share (EPS), Net Asset Value (NAV), debt levels, and profit margins to determine the attractiveness of an IPO. Adon Agro Commodities has shown notable improvement across most financial parameters during FY2025.
| KPI | Values |
|---|---|
| Return on Equity (ROE) | 84.36% |
| Return on Capital Employed (ROCE) | 60.65% |
| EBITDA Margin | 10.14% |
| PAT Margin | 7.01% |
| Debt to Equity Ratio | 0.39 |
| Earning Per Share (EPS) | ₹5.37 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 84.36% |
| Net Asset Value (NAV) | ₹40.57 |
Adon Agro Commodities IPO Peer Group COMPARISON
Adon Agro Commodities Limited operates in the agro commodities and food trading segment. Investors often compare IPO valuation metrics with listed peers to understand the company's relative valuation, profitability, and financial position within the industry.
The peer comparison below highlights important financial indicators including Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), and revenue figures of comparable listed companies operating in similar business segments.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Leo Dry Fruits & Spices Trading Limited | 5.75 | 9.57 | 16.68% | 35.59 | – Cr. |
| Proventus Agrocom Limited | 10.50 | 114.29 | 5.86% | 377.12 | – Cr. |
| Krishival Food Limited | 6.07 | 50.74 | 4.08% | 63.55 | – Cr. |
IPO Lead Managers aka Merchant BANKERS
- Galactico Corporate Services Ltd.