Listed SME IPO ADON

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
Quick Answer & Highlights

Adon Agro Commodities IPO GMP Today & Key Takeaways

Last updated: 30 Jun 2026

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
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IPO Details

Complete IPO information

Adon Agro Commodities IPO Details and Specifications
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 PDF
RHP Draft Prospectus -
Analysis

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.

Timeline

IPO roadmap at a glance

✓
Bidding Opens 29 Jun 2026
✓
Bidding Closes 01 Jul 2026
✓
Allotment 02 Jul 2026
✓
Listing 06 Jul 2026
Adon Agro Commodities IPO Timeline and Important Dates Schedule
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
Grey Market Premium

Daily GMP status

Adon Agro Commodities IPO Daily Grey Market Premium (GMP) Trend & Price History
Date GMP Change Gain
30 Jun 2026 ₹0.00 - 0.00%
29 Jun 2026 ₹0.00 - 0.00%
Swipe to see more →
Market Lot

Application size breakdown

Adon Agro Commodities IPO Market Lot & Application 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
Swipe to see more →
Fund Utilization

Objects of the Issue & Official Documents

Issue Notes

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.
Analysis

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%
Analysis

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
Analysis

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.

Analysis

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 ₹-
Analysis

Adon Agro Commodities Objects of the Issue & Utilisation of Proceeds

To Be Updated Soon

Analysis

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
Analysis

Adon Agro Commodities Company Financials

To Be Updated Soon

Analysis

Adon Agro Commodities Company Valuation – FY2026

To Be Updated Soon

Analysis

Adon Agro Commodities IPO Peer Group Comparison

To Be Updated Soon

Comparison

Compare Adon Agro Commodities IPO with similar IPOs

FAQ

Adon Agro Commodities IPO FAQs

Adon Agro Commodities IPO GMP today is Rs 8.25. Investors can use this GMP along with price band and subscription status for a better IPO review.
Based on the latest Grey Market Premium (GMP) of Rs 8.25 and an issue price of Rs 70, the estimated listing price for Adon Agro Commodities IPO is Rs 78.25 (approx 11.79% listing gain). Actual listing price is determined by market demand on the listing day.
Adon Agro Commodities IPO price band is Rs 66.00 to Rs 70.00. Check the latest issue price, lot size and GMP together before applying.
Adon Agro Commodities IPO open date is 29 Jun 2026, close date is 01 Jul 2026, and listing date is 06 Jul 2026.
Adon Agro Commodities IPO lot size is 2,000 shares. The minimum retail investment is Rs 2,80,000.
Adon Agro Commodities is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Adon Agro Commodities IPO subscription status currently shows Retail 0.84x, QIB 22.47x, Overall 1.34x.
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.
Adon Agro Commodities IPO issue size is 44.03 and the expected allotment date is 02 Jul 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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