Bookbuilding IPO | ₹44 Cr | Listed at BSE SME | Mon, Jun 29, 2026 - Wed, Jul 1, 2026
Adon Agro Commodities IPO is a book build issue of ₹44.03 crores. The issue is entirely a fresh issue of 0.63 crore shares of ₹44.03 crore.
Adon Agro Commodities IPO bidding started from Jun 29, 2026 and ended on Jul 1, 2026. The allotment for Adon Agro Commodities IPO was finalized on Jul 2, 2026. The shares got listed on the BSE SME on Jul 6, 2026.
Adon Agro Commodities IPO is set final issue price at ₹70 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,80,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹4,20,000.
Galactico Corporate Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd.
Refer to Adon Agro Commodities IPO RHP for detailed Information.
IPO Open
Mon, Jun 29, 2026
IPO Close
Wed, Jul 1, 2026
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹161.12 Cr
| IPO Date | 29 Jun to 1 Jul, 2026 |
| Listed on | Mon, Jul 6, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 62,90,000 shares (agg. up to ₹44 Cr) |
| Reserved for Market Maker | 3,16,000 shares Shreni Shares Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 59,74,000 shares (agg. up to ₹42 Cr) |
| Net Offered to Public | 59,74,000 shares (agg. up to ₹42 Cr) |
| Share Holding Pre Issue | 1,67,27,270 shares |
| Share Holding Post Issue | 2,30,17,270 shares |
| BSE Script Code | 544809 |
| ISIN | INE1SME01017 |
Adon Agro Commodities IPO comprises a total issue size of 62,90,000 shares. The net offer to the public is 59,74,000 shares, after excluding 3,16,000 shares allotted on a firm basis. Of the Net offer 64,000 (1.07%) are allocated to QIB, 29,50,000 (49.38%) allocated to NII 29,60,000 (49.55%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 64,000 | 1.07% | 1.02% |
| NII (HNI) Shares Offered | 29,50,000 | 49.38% | 46.90% |
| − bNII > ₹10L | 19,66,000 | 31.26% | |
| − sNII < ₹10L | 9,84,000 | 15.64% | |
| Retail Shares Offered | 29,60,000 | 49.55% | 47.06% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,16,000 | 5.02% | |
| Total Shares Offered | 62,90,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 4,000 | ₹2,80,000 |
| Individual investors (IND) (Max) | 2 | 4,000 | ₹2,80,000 |
| S-HNI (Min) | 3 | 6,000 | ₹4,20,000 |
| S-HNI (Max) | 7 | 14,000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 16,000 | ₹11,20,000 |
Adon Agro Commodities Ltd. is primarily engaged in the sourcing, importing, processing, packing and distribution of dry fruits, nuts, seeds and berries.
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 dry fruits 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.
The company served 871customers as of Jan 31, 2026, compared to 101 customers in FY 2024-25. As of Jan 31, 2026, the Company had 62 employees.
Competitive Strengths
| 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 | |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| M R Maniveni Foods Ltd. | SME | ₹27.04 Cr | ₹52 | 18.11 | ₹41.13 | -20.90% | ₹34.01 (-0.23%) |
| NFP Sampoorna Foods Ltd. | SME | ₹24.53 Cr | ₹55 | 16.81 | ₹51.80 | -5.82% | ₹22.75 (-4.01%) |
| Stanbik Agro Ltd. | SME | ₹12.28 Cr | ₹30 | 5.9 | ₹33.33 | +11.10% | ₹28.90 (-8.22%) |
| Unisem Agritech Ltd. | SME | ₹21.45 Cr | ₹65 | 12.21 | ₹61.75 | -5.00% | ₹49.00 (+2.51%) |
| Shreeji Global FMCG Ltd. | SME | ₹85.00 Cr | ₹125 | 16.42 | ₹101.70 | -18.64% | ₹151.55 (+0.70%) |
| BharatRohan Airborne Innovations Ltd. | SME | ₹45.04 Cr | ₹85 | 16.38 | ₹91.99 | +8.22% | ₹119.05 (-2.42%) |
| Sawaliya Foods Products Ltd. | SME | ₹34.83 Cr | ₹120 | 12.64 | ₹239.40 | +99.50% | ₹301.60 (-3.89%) |
| Amir Chand Jagdish Kumar (Exports) Ltd. | Mainboard | ₹440.00 Cr | ₹212 | 28.86 | ₹180.00 | -15.09% | ₹177.11 (+2.78%) |
| Trualt Bioenergy Ltd. | Mainboard | ₹839.28 Cr | ₹496 | 23.89 | ₹530.95 | +7.05% | ₹440.90 (-1.16%) |
| Regaal Resources Ltd. | Mainboard | ₹306.00 Cr | ₹102 | 17.58 | ₹131.58 | +29.00% | ₹81.09 (+0.45%) |
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 |
| KPI | Jan 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 88.16% | 84.36% |
| ROCE | 68.79% | 60.65% |
| Debt/Equity | 0.28 | 0.39 |
| RoNW | 88.16% | 84.36% |
| PAT Margin | 7.50% | 7.01% |
| EBITDA Margin | 10.89% | 10.14% |
| Price to Book Value | 1.20 | 1.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.32 | 10.91 |
| P/E (x) | 16.22 | 6.42 |
| Promoter Holding | 90.04% | 65.44% |
| Market Cap | ₹161.12 Cr. |
The Adon Agro Commodities IPO is subscribed 1.35 times on July 1, 2026 6:53:22 PM (Day 3). The public issue subscribed 0.84 times in the individual investors category, 22.47 times in the QIB category, and 1.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 22.47 | 64,000 | 14,38,000 | 0 |
| NII* | 1.41 | 29,50,000 | 41,50,000 | 0 |
| bNII (> ₹10L) | 1.83 | 19,66,000 | 35,88,000 | |
| sNII (< ₹10L) | 0.57 | 9,84,000 | 5,62,000 | |
| Individual Investor | 0.84 | 29,60,000 | 25,00,000 | 0 |
| Total | 1.35 | 59,74,000 | 80,88,000 | 776 |
Total Applications: 776
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.30 |
| 2 | Underwriting commission | 2.20 |
| 3 | Brokerage, selling, commission and upload fees | 0.00 |
| 4 | Registrar to the Issue | 0.01 |
| 5 | Legal Advisor | 0.04 |
| 6 | Advertising and Marketing expenses | 2.80 |
| 7 | Regulators including stock exchanges | 0.05 |
| 8 | Printing and distribution of offer stationery | 0.03 |
| 9 | Others, if any (market making, depositories, marketing fees, secretarial, peer review etc.) | 0.16 |
| Total | 5.59 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹78.25 |
| Low | ₹78.25 |
| High | ₹82.16 |
| Last Trade | ₹82.16 |
Lead Manager Reports
Adon Agro Commodities IPO is a SME IPO of 62,90,000 equity shares of the face value of ₹10 aggregating up to ₹44 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Jun 29, 2026, and closes on Wed, Jul 1, 2026.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Adon Agro Commodities IPO using UPI as a payment gateway. Zerodha customers can apply in Adon Agro Commodities IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Adon Agro Commodities IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Adon Agro Commodities IPO opens on Mon, Jun 29, 2026 and closes on Wed, Jul 1, 2026.
Adon Agro Commodities IPO lot size is 2000, and the minimum amount required for application is ₹2,80,000, with 2 lots being the minimum application size.
You can apply in Adon Agro Commodities IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Adon Agro Commodities IPO will be done on Thursday, July 2, 2026, and the allotted shares will be credited to your demat account by Fri, Jul 3, 2026. Check the Adon Agro Commodities IPO allotment status.
The Adon Agro Commodities IPO listing date is on Mon, Jul 6, 2026.
