Comparison between Adon Agro Commodities IPO and Workmates Core2Cloud IPO.
Adon Agro Commodities IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Workmates Core2Cloud IPO is a SME Bookbuilding proposed to list at BSE SME.
| Adon Agro Commodities IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Galactico Corporate Services Ltd. | Horizon Management Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Shreni Shares Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Adon Agro Commodities IPO is up to ₹41.82 Cr whereas the issue size of the Workmates Core2Cloud IPO is up to ₹66.34 Cr. The final issue price of Adon Agro Commodities IPO is ₹70.00 per share and of Workmates Core2Cloud IPO is ₹204.00 per share.
| Adon Agro Commodities IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹66.00 per share | ₹200.00 per share |
| Issue Price (Upper) | ₹70.00 per share | ₹204.00 per share |
| Issue Price (Final) | ₹70.00 per share | ₹204.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 600 shares |
| Fresh Issue Size | 59,74,000 shares | 27,37,200 shares |
| Fresh Issue Size (Amount) | up to ₹41.82 Cr | up to ₹55.84 Cr |
| OFS Issue Size | 0 shares | 5,14,800 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹10.50 Cr |
| Issue Size Total | 59,74,000 shares | 32,52,000 shares |
| Issue Size Total (Amount) | up to ₹41.82 Cr | up to ₹66.34 Cr |
Adon Agro Commodities IPO opens on Jun 29, 2026, while Workmates Core2Cloud IPO opens on Nov 11, 2025. The closing date of Adon Agro Commodities IPO and Workmates Core2Cloud IPO is Jul 01, 2026, and Nov 13, 2025, respectively.
| Adon Agro Commodities IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| Anchor Bid Date | Nov 10, 2025 | |
| Issue Open | Jun 29, 2026 | Nov 11, 2025 |
| Issue Close | Jul 01, 2026 | Nov 13, 2025 |
| Basis Of Allotment (Tentative) | Jul 02, 2026 | Nov 14, 2025 |
| Initiation of Refunds (Tentative) | Jul 03, 2026 | Nov 17, 2025 |
| Credit of Share (Tentative) | Jul 03, 2026 | Nov 17, 2025 |
| Listing date (Tentative) | Jul 06, 2026 | Nov 18, 2025 |
| Anchor Lockin End date 1 | Dec 13, 2025 | |
| Anchor Lockin End date 2 | Feb 11, 2026 |
Adon Agro Commodities IPO P/E ratio is 16.22, as compared to Workmates Core2Cloud IPO P/E ratio of 14.66.
| Adon Agro Commodities IPO | Workmates Core2Cloud IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 90.04 | 98.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.44 | 72.02 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.22 | 14.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹161.12 Cr. | ₹263.54 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 84.36 | 67.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 60.65 | 64.61 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.39 | 0.38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.32 | ₹13.91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 84.36 | 60.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Adon Agro Commodities IPO Retail Individual Investors (RII) are offered 29,60,000 shares while in Workmates Core2Cloud IPO retail investors are offered 29,60,000 shares. Qualified Institutional Buyers (QIB) are offered 64,000 shares in Adon Agro Commodities IPO and 6,62,400 shares in Workmates Core2Cloud IPO.
| Adon Agro Commodities IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 9,60,000 shares |
| Market Maker Reservation | 3,16,000 shares | 1,71,600 shares |
| QIB | 64,000 shares | 6,62,400 shares |
| NII | 29,50,000 shares | 4,89,600 shares |
| RII | 29,60,000 shares | 11,40,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 59,74,000 shares | 32,52,000 shares |
Adon Agro Commodities IPO subscribed 1.35x in total, whereas Workmates Core2Cloud IPO subscribed 99.64x.
| Adon Agro Commodities IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| QIB (times) | 22.47x | 147.03x |
| NII (times) | 1.41x | 202.96x |
| Big NII (times) | 1.82x | 244.88x |
| Small NII (times) | 0.57x | 119.11x |
| RII (times) | 0.84x | 111.64x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.35x | 99.64x |
