Adon Agro Commodities IPO Details

SME BSE

Adon Agro Commodities IPO Summary

Adon Agro Commodities IPO opens for subscription on 29 Jun 2026 and closes on 01 Jul 2026.The IPO will be listed on BSE with the tentative listing date set for 06 Jul 2026.

Adon Agro Commodities IPO price band has been fixed at ₹66 – ₹70 per share. The face value is ₹10 per share with a lot size of 2000.

Adon Agro Commodities IPO total issue size comprises 62,90,000 shares (aggregating up to ₹44.03 Cr). This includes a fresh issue of 62,90,000 shares (aggregating up to ₹44.03 Cr). Pre-issue shareholding stands at 1,67,27,270, which will increase to 2,30,17,270 post-issue.

Adon Agro Commodities IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.

Adon Agro Commodities IPO Lot Size :Individual Minimum is 2 lots (4,000 shares) amounting to ₹280,000. Individual Maximum is 2 lots (4,000 shares) amounting to ₹280,000. SHNI Minimum is 3 lots (6,000 shares) amounting to ₹420,000. SHNI Maximum is 7 lots (14,000 shares) amounting to ₹980,000. BHNI Minimum is 8 lots (16,000 shares) amounting to ₹1,120,000.

The Lead Managers for Adon Agro Commodities IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Galactico Corporate Services Ltd . To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Shreni Shares. You can analyze their track record by checking the Market Maker Performance Summary report.

For detailed information, Refer to the Adon Agro Commodities Limited RHP.

Adon Agro Commodities IPO Details

Listing Price : ₹78.25 at a Premium of 11.79%

Open Date

29 Jun 2026

Close Date

01 Jul 2026

Listing Date

06 Jul 2026

Issue Price

₹66 - ₹70

Face Value

₹10 per share

Lot Size

2000 Shares

GMP

₹0

Issue Type

IPO

Listing On

BSE

Type

Book Built Issue

Pre-issue Shareholding

1,67,27,270 shares

Post-issue Shareholding

2,30,17,270 shares

Total Issue Size

62,90,000 shares(aggregating up to ₹44.03 Cr)

Fresh Issue

62,90,000 shares(aggregating up to ₹44.03 Cr)

Offer for Sale

Adon Agro Commodities IPO Subscription

Adon Agro Commodities IPO Application Wise Breakup

Adon Agro Commodities IPO Dates

29 Jun 2026
Opening dateOpen
01 Jul 2026
Closing dateClose
02 Jul 2026
Allotment Date Allotment
03 Jul 2026
Initiation of RefundsRefund
03 Jul 2026
Credit of SharesCredit
06 Jul 2026
Listing dateListing

Adon Agro Commodities IPO Lot Size

Application	Lots	Shares	Amount
Individual Minimum	2	4000	₹280,000
Individual Maximum	2	4000	₹280,000
SHNI Minimum	3	6000	₹420,000
SHNI Maximum	7	14000	₹980,000
BHNI Minimum	8	16000	₹1,120,000

Adon Agro Commodities IPO Reservation

Promoter Holding

Pre Issue:

90.04%

Post Issue:

65.44%

Promoter Names:

Mr. Narayanswamy Venkitkrishnan, Mrs. Jigisha Narayanswamy, Mr. Shubham Ratan Sharma.

Documents

DRHP

Adon Agro Commodities IPO DRHP

RHP

Adon Agro Commodities IPO RHP

Adon Agro Commodities IPO Valuations

ROE75.94%

ROCE60.09%

Debt/Equity0.23

RoNW75.94%

PAT Margin7.60%

EBITDA Margin10.87%

EPS(₹) (Pre IPO)4.32

EPS(₹) (Post IPO)10.91

P/E (x) (Pre IPO)16.22

P/E (x) (Post IPO)6.42

Adon Agro Commodities Financial Information

Period Ended	30 Nov 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	64.46	39.11	20.22	3.65
Total Income	220.76	103.04	72.92	22.33
Profit After Tax	16.74	7.22	1.79	0.09
EBITDA	31.91	10.45	2.84	0.47
NET Worth	25.63	12.17	4.95	0.26
Reserves and Surplus	25.63	9.17	1.95	0.16
Total Borrowing	7.27	4.74	6.96
Amount in ₹ Crore

About Adon Agro Commodities IPO

The Company's product portfolio includes almonds, cashews, walnuts, pistachios, raisins, dried dates, apricots, figs, and assorted dry fruit mixes, offered across multiple grades, forms, and pack sizes. Products are sold in bulk unprocessed form as well as in processed and packaged formats under the Company's proprietary retail brand, Hunger Nuts, which offers variants in pack sizes ranging from 250 grams to 30 kilograms.

The Company also undertakes corporate and festive gifting through curated dry fruit hampers and customised assortments.

The Company sources raw materials from domestic markets as well as internationally from the UAE, Afghanistan, USA, Chile, and Sri Lanka.

Its in-house processing facility, located at MIDC Mahape, Navi Mumbai, is equipped for mechanical cracking of almonds, manual cracking and grading of walnuts, cleaning, sorting, roasting, flavouring, and packaging operations.

The Company commenced processing operations in FY 2025-26, with an installed capacity of 4,800 tonnes per annum for almonds and 2,000 tonnes per annum for walnuts.

Revenue is generated across five business verticals comprising containerised bulk B2B sales, wholesale and corporate gifting sales, modern trade supply to organised retail chains, export sales, and direct-to-consumer sales through its own website and third-party e-commerce platforms.

As of November 30, 2025, the Company had a domestic presence across 19 states in India and commenced export operations to the UAE. The Company has also incorporated a wholly owned subsidiary, Adon Agro Trading L.L.C., in Dubai, UAE in November 2025, to strengthen its international sourcing and distribution capabilities.

The Company served 794 customers as of November 30, 2025, compared to 101 customers in FY 2024-25. As of November 30, 2025, the Company had 51 employees including directors, supported by key managerial and senior management personnel across sales, marketing, IT, finance, and plant operations.

Strength Of Adon Agro Commodities IPO

Diversified product portfolio.
Extensive distribution network, arrangement with reputed chain stores and growing e-commerce channel.
Experienced promoters and management team.
Wide spread customer base across various segments.
Established and strong sourcing base.
Using dry fruits broken and shells and skins of the raw material to derive maximum value realisation.
In house processing capabilities.
Quality Service.

Risk Of Adon Agro Commodities IPO

Substantial portion of the company revenues has been dependent upon few customers, with which its does not has any firm commitments. The loss of any one or more of the company major customers would has a material adverse effect on its business, cash flows, results of operations and financial condition.
The company has competition from various organized and unorganized local suppliers which could results in the loss of market share and impact on its net revenue and profitability.
The procurement and storage of the company products, spoilage and damage to such products or any contamination in its products are subject to regulatory action and damage the company reputation and has adverse effect on its business results in operations and financial conditions.
The Company is involved in a pending writ petition before the Hon'ble Bombay High Court regarding the alleged undervaluation of imported goods, which may result in a significant financial liability of up to Rs. 444.45 lakhs including potential differential duty, penalty and redemption fines.
The company is exposed to various costs, including shipping charges, transportation fees and warehouse expenses, which can impact its overall operational expenses and profitability.
Substantial portion of the company revenue is generated from trading activities, which depends on third parties for sourcing the products.
Increases in customs duties and import tariffs on raw dry fruits pose a financial risk, as unexpected rises in these levies could negatively impact the company profitability and cash flow.
The company is exposed to counterparty credit risk, and any delays or non-receipt of payments could negatively affect its operational results and financial performance.
The company's business is dependent on certain suppliers and the loss of one or more of them would has a material adverse effect on the business. Also, the company does not has any long term agreement with its suppliers.
The company lack backward integration in its dry fruits trading and processing business, which exposes the company to supply chain risks, and its inability to meet evolving traceability and food safety standards could adversely affect the company operations.

Objectives Adon Agro Commodities IPO

1. Funding working capital requirements of our company

2. Branding, Advertisement and Marketing Activities

3. Setting up of processing and packaging unit

4. General Corporate Purpose

Company Contact Details

Adon Agro Commodities Limited
Office No. I-3029, 3rd Floor, Akshar Business Park
Sector 25, Plot No. 3, Janta Market Road
Vashi, Navi Mumbai, Sanpada
Thane, Maharashtra
Phone: 022- 6501 1773
Email: cs@adonagrocommodities.com
Website: https://www.adonagrocommodities.com/

Registrar Contact Details

Name:

Kfin Technologies Ltd

Phone:

+91-40-67162222

Email:

aacl.ipo@kfintech.com

Website:

https://ipostatus.kfintech.com/

Lead Mangers

Market Maker

Adon Agro Commodities FAQs

The Adon Agro Commodities IPO is a SME public issue comprising 6290000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹44.03 Cr. The issue price has been fixed at ₹70 per equity share, and the minimum application size is 2000 shares.

The IPO opens for subscription on 29 Jun 2026, and closes on 01 Jul 2026.

Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE

The Adon Agro Commodities IPO opens on 29 Jun 2026.

Adon Agro Commodities IPO lot size is 2000, and the minimum amount required for application is ₹140000.

You may apply for the Adon Agro Commodities IPO online by using either the UPI or ASBA payment method. The ASBA facility is available through the net banking platform of your respective bank. The UPI-based IPO application option is typically provided by brokers that do not offer banking services. For detailed guidance on the online IPO application process, please refer to the procedures outlined by Zerodha, Groww, Upstox, 5Paisa, Paytm Money, Fyers, Alice Blue, Nuvama, HDFC Bank, ICICI Direct, Kotak Securities, Axis Direct, and SBI Bank.

The Basis of Allotment for the Adon Agro Commodities IPO is scheduled to be finalized on 02 Jul 2026. Subsequently, the shares allotted will be credited to investors’ demat accounts by 03 Jul 2026. Investors are advised to regularly check the Adon Agro Commodities IPO allotment status for updates.

The listing date for the Adon Agro Commodities IPO has not yet been officially announced. However, the tentative listing date is scheduled for 06 Jul 2026.

Adon Agro Commodities IPO Grey Market Premium (GMP) refers to the unofficial price at which the company’s IPO shares are traded in the grey market prior to their listing on the stock exchange. The GMP serves as an indicator of investor demand, expected listing gains, and the overall market sentiment toward the IPO.

As of now, the current GMP stands at ₹0 (0%).