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Adon Agro Commodities IPO
Price Band
₹66.0–70.0
Issue Size
₹44.03 Cr
Lot Size
2,000 shares
Min Investment
₹280,000
2 LOTS MIN
GMP
—
Issue Price
₹70.0
Adon Agro Commodities IPO AI Summary
- Adon Agro Commodities IPO is listed on BSE SME in the Other Agricultural Products sector.
- Price band: ₹66.0–₹70.0 per share, lot size 2,000 shares (min. investment ₹280,000, 2 lots minimum).
- Subscription window: 29 Jun–01 Jul 2026, listing on 06 Jul 2026.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
1.35x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
22.47x
|
22x ✓ |
| NII (HNI) |
1.41x
|
1.41x |
| ↳ bNII (>₹10L) |
1.82x
|
1.82x |
| ↳ sNII (<₹10L) |
0.57x
|
0.57x |
| Retail (RII) |
0.84x
|
0.84x |
| Total | 1.35x | 1.35x |
Auto-updated every 5 min · As of 1st Jul 2026 18:55
Adon Agro Commodities IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Adon Agro Commodities Limited is engaged in the trading and distribution of agro-based products, with a primary focus on dry fruits and related food products. The company sources a wide range of premium-quality dry fruits, including walnuts, cashews, figs (anjeer), apricots, and wet dates, from both domestic and international suppliers to cater to the growing demand in the Indian market. Through its wholesale business segment, the company imports and distributes dry fruits procured from various global markets across Asia, the United States, Australia, the Middle East, and North Africa. Its extensive sourcing network enables access to quality products while ensuring a consistent supply chain. In addition to its wholesale operations, Adon Agro Commodities has established a retail presence under its proprietary brand, “Hunger Nuts”. The brand offers a range of packaged dry fruit products, including roasted almonds, pistachios, cashews, and other value-added snack offerings targeted at retail consumers. The company primarily markets and distributes its products across key Indian markets, with a strong presence in Maharashtra, Madhya Pradesh, and Delhi. Its distribution capabilities support efficient delivery and market reach across both wholesale and retail channels. Key Business Strengths Experienced management team with expertise in agro-commodity sourcing and distribution. Demonstrated track record of revenue growth and profitability. Well-established global sourcing network across multiple international markets. Efficient procurement, distribution, and logistics infrastructure. Strong focus on quality assurance and product consistency.
Company Financials (₹ Cr)
As of 2025-11-30
| Period Ended | 31 Jan 2026 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 86.43 | 39.11 | 20.22 | 3.65 |
| Total Income | 287.33 | 103.04 | 72.92 | 22.33 |
| Profit After Tax | 21.55 | 7.22 | 1.79 | 0.09 |
| EBITDA | 31.28 | 10.45 | 2.84 | 0.47 |
| NET Worth | 36.72 | 12.17 | 4.95 | 0.26 |
| Reserves and Surplus | 30.45 | 9.17 | 1.95 | 0.16 |
| Total Borrowing | 10.19 | 4.74 | 6.96 |
Key Ratios
EPS
₹4.32
NAV
₹40.57
ROE
84.36%
ROCE
60.65%
RoNW
84.36%
P/B Value
1.73
P/E Ratio
16.22
Market Cap
₹161.12 Cr
PAT Margin
7.01%
Debt/Equity
0.39
Promoters
Narayanswamy Venkitkrishnan, Jigisha Narayanswamy and Shubham Ratan Sharma
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding incremental working capital requirements 32.00 2 General Corporate Purpose 6.44 3 Issue Expenses 5.59 Total 44.03
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue was ₹22.33 Cr in the period ending 31 Mar 2023, rising to ₹72.92 Cr by 31 Mar 2024, and further increasing to ₹103.04 Cr by 31 Mar 2025. By the period ending 31 Jan 2026, revenue reached ₹287.33 Cr.
Profit Trend
Profit After Tax was ₹0.09 Cr in the period ending 31 Mar 2023, increasing to ₹1.79 Cr by 31 Mar 2024, and further rising to ₹7.22 Cr by 31 Mar 2025. By the period ending 31 Jan 2026, profit reached ₹21.55 Cr.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. It provides an indication of the expected listing price based on demand and supply dynamics in the grey market. A higher GMP usually suggests strong demand for the IPO, while a lower or negative GMP may indicate weaker demand.
Subscription Demand
As of 1st July 2026, the IPO was subscribed 1.35 times overall. The QIB category saw a significant demand with a subscription of 22.47 times, while the NII category was subscribed 1.41 times. The retail category had a subscription of 0.84 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering factors such as market conditions, the company's growth potential, and risk tolerance.
Who May Want to Wait
Investors who are risk-averse or uncomfortable with the uncertainties associated with new IPOs may prefer to avoid such investments, particularly in sectors that can be affected by market fluctuations.
IPO Timeline, Explained
The IPO opened on 29th June 2026 and closed on 1st July 2026. Allotment of shares is expected on 2nd July 2026, and the shares will be listed on the stock exchange on 6th July 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may see significant price increases on their first day of trading, others may not perform as expected. Factors influencing listing performance include market conditions, investor sentiment, and the company's fundamentals.
This evaluation is generated from Adon Agro Commodities's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Adon Agro Commodities IPO?
The price band of Adon Agro Commodities IPO is ₹66.0–₹70.0 per share.
When does Adon Agro Commodities IPO open and close?
Adon Agro Commodities IPO opens on 29 June 2026 and closes on 01 July 2026.
When does Adon Agro Commodities IPO list on the stock exchange?
Adon Agro Commodities IPO listed on 06 July 2026 at ₹70.0.
What is the lot size for Adon Agro Commodities IPO?
The lot size for Adon Agro Commodities IPO is 2000 shares, requiring a minimum investment of ₹280,000 (2 lots).
What is the price band for the Adon Agro Commodities IPO?
The price band for the Adon Agro Commodities IPO is ₹66.0 to ₹70.0.
What is the minimum investment required for this IPO?
The minimum investment required for this IPO is ₹280,000.
What is the lot size for the Adon Agro Commodities IPO?
The lot size for the Adon Agro Commodities IPO is 2000 shares.
When is the listing date for this IPO?
The listing date for the Adon Agro Commodities IPO is 6th July 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount at which the shares may list on the stock exchange.
Issue Details
Investor Allocation
Registrar
Anchor Investors
₹15.0 Cr
Total allocated
Anchor allocation date: 23 Jun 2026
SBI Mutual Fund
HDFC Mutual Fund
Axis Mutual Fund
Nippon India MF
LIC MF
⚠️ Lock-in: 50% of anchor shares unlock 30 days after listing. Watch for selling pressure around that date.
Lead Managers / Book Running
IPO Timeline
Open
29 Jun 2026
Close
01 Jul 2026
Allotment
02 Jul 2026
Listing
06 Jul 2026
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