June 22, 2026
6 mins read
Adon Agro Commodities Ltd. is engaged in the sourcing, processing, packaging and distribution of dry fruits, nuts, seeds and berries. The Adon Agro Commodities IPO opens for subscription on 29 June 2026 and closes on 1 July 2026. The SME issue comprises 62,90,000 equity shares with a price band of ₹66 to ₹70 per share and is proposed to be listed on the BSE SME platform. The proceeds are proposed to be utilised for incremental working capital requirements and general corporate purposes.
Adon Agro Commodities Ltd. operates in the agro-commodity trading and processing sector, with its business centred on sourcing, importing, processing, packaging and distributing dry fruits, nuts, seeds and berries. Its product portfolio includes almonds, cashews, walnuts, pistachios, raisins, dates, apricots and other related products. The company procures raw materials from both domestic and international markets and supplies products through multiple business channels, including bulk B2B sales, organised retail, exports, corporate gifting and direct-to-consumer platforms. It also markets processed and packaged products under its proprietary retail brand, Hunger Nuts. The company commenced processing operations during FY 2025–26 at its facility in Navi Mumbai, enabling it to undertake value-added activities such as cleaning, grading, roasting, flavouring and packaging. This facility supports the sale of both traded and processed products across different customer segments. The company serves customers through a diversified distribution network, including wholesale buyers, organised retail chains, online marketplaces and its own website. Its operations are supported by sourcing relationships across India and selected international markets, providing access to a range of dry fruit and nut varieties.
Eligible investors can apply for the Adon Agro Commodities Ltd IPO through the ASBA (Application Supported by Blocked Amount) process available via their bank's net banking facility or through a registered stockbroker offering online IPO application services. Applicants should ensure that they have an active demat account, a trading account where required, a valid PAN and a bank account linked for the ASBA process before submitting the application. After logging into the IPO application platform, investors should select the Adon Agro Commodities Ltd IPO from the list of open public issues, enter the preferred bid quantity and price within the notified price band, and submit the application. Once the application is authorised, the corresponding amount is blocked in the applicant's bank account until the basis of allotment is finalised. Applicants can subsequently check the allotment status through the registrar's website or the stock exchange portal after the allotment process is completed.
For more details, visit the Adon Agro Commodities IPO page.
Details | Information |
IPO Date | June 29, 2026 to July 1, 2026 |
Issue Size | 62,90,000 shares (agg. up to ₹44.03 Cr) |
Price Band | ₹66 to ₹70 per share |
Lot Size | 2,000 shares |
Listing At | BSE SME |
Market Maker | Shreni Shares Ltd. |
Funding incremental working capital requirements
General corporate purposes
Event | Date |
|---|---|
IPO Open Date | Mon, Jun 29, 2026 |
IPO Close Date | Wed, Jul 1, 2026 |
Tentative Allotment | Thu, Jul 2, 2026 |
Initiation of Refunds | Fri, Jul 3, 2026 |
Credit of Shares to Demat | Fri, Jul 3, 2026 |
Tentative Listing Date | Mon, Jul 6, 2026 |
Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jul 1, 2026 |
₹66 to ₹70 per share
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 |
The Adon Agro Commodities IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Access your trading account using the trading platform.
Go to the IPO section to view active IPO listings.
Locate Adon Agro Commodities IPO in the list of available IPOs and click the ‘Apply’ button.
Specify the number of shares (lot size: 2000 shares) at the price band of ₹66 to ₹70 per share.
Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Submit the application and monitor the allotment status to check if shares have been allocated to you.
The allocation of shares in the Adon Agro Commodities IPO is structured across investor categories in line with applicable regulatory requirements. The issue provides defined reservations for qualified institutional buyers, non-institutional investors, and retail individual investors, with each category allotted a specified proportion of the net issue. This allocation framework outlines how the shares offered are distributed among different classes of investors.
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% |
This structure reflects the allocation approach as disclosed in the issue documents, indicating the proportion of shares available to each investor category.
Total Assets: Grew from ₹3.65 crore in FY23 to ₹39.11 crore as of March 2025.
Total Income: Recorded at ₹103.04 crore in March 2025, as compared to ₹22.33 crore in FY23.
Profit After Tax (PAT): Reported at ₹7.22 crore in March 2025, and ₹0.09 crore in FY23.
Net Worth: Recorded at ₹12.17 crore in March 2025 compared to ₹0.26 crore in FY23.
Reserves & Surplus: Stood at ₹9.17 crore in March 2025, as compared to ₹0.16 crore in FY23.
Total Borrowings: Stood at ₹4.74 crore in March 2025, as compared to ₹6.96 crore in FY24.
EBITDA: Stood at ₹10.45 crore in March 2025 in comparison to ₹0.47 crore in FY23.
The company reported growth in its asset base over the reported financial periods, reflecting the expansion of its business operations.
Total income increased during the review period, supported by higher business activity across its operating segments.
Profit after tax improved over the same period, indicating a change in overall profitability.
Net worth strengthened, supported by the retention of earnings and business growth.
Reserves and surplus also increased, reflecting the accumulation of retained profits.
Total borrowings declined during the latest reported financial year compared with the previous year, indicating a reduction in outstanding debt.
Operating earnings showed improvement during the review period, reflecting changes in the company's operating performance.
Going forward, the company intends to continue expanding its processing capabilities, strengthen its product portfolio and widen its presence across B2B, retail, export and direct-to-consumer channels, while leveraging its sourcing network and processing infrastructure.
The company relies on the procurement of dry fruits, nuts and related products from domestic and international markets. Changes in raw material availability, import regulations, logistics or input costs may affect its business operations.
The company commenced its processing operations during FY 2025–26. The utilisation of its processing facility and the execution of its expansion plans may influence its future operating performance.
The company operates across multiple business verticals, including B2B sales, organised retail, exports, corporate gifting and direct-to-consumer channels, providing a diversified revenue base.
Its processing facility, sourcing network and distribution channels support the expansion of value-added products and enable the company to serve a wider customer base across different sales segments.
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 |
Registrar | Lead Manager(s) |
|---|---|
Kfin Technologies Ltd. | Galactico Corporate Services Ltd. |
Office No. I-3029, 3rd Floor, Akshar Business Park
Sector 25, Plot No. 3, Janta Market Road
Vashi, Navi Mumbai, Sanpada
Thane, Maharashtra, 400703
Phone: 022- 6501 1773
Email: cs@adonagrocommodities.com
Website: https://adonagrocommodities.com/
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your Adon Agro Commodities IPO allotment status.
Narayanswamy Venkitkrishnan is the Promoter, Chairman & Managing Director of Adon Agro Commodities Ltd.
The Adon Agro Commodities IPO is scheduled to open for subscription on 29 June 2026 and close on 1 July 2026. Eligible investors can submit their applications during this subscription period through the available IPO application channels.
Adon Agro Commodities Ltd. is engaged in the sourcing, importing, processing, packaging and distribution of dry fruits, nuts, seeds and berries. The company serves customers through multiple business verticals, including bulk B2B sales, organised retail, exports, corporate gifting and direct-to-consumer channels. The sustainability of its business model over the long term may depend on factors such as demand, sourcing arrangements, operational efficiency, raw material availability and prevailing market conditions.
The Adon Agro Commodities IPO comprises a fresh issue of 62,90,000 equity shares, aggregating up to ₹44.03 crore at the upper end of the price band.
The pre-apply facility allows eligible investors to submit their IPO application before the subscription window opens. The application is processed once the IPO becomes available for bidding, subject to completion of the applicable authorisation requirements.
The lot size for the Adon Agro Commodities IPO is 2,000 equity shares. Retail investors are required to apply for a minimum of two lots, which amounts to 4,000 equity shares.
The tentative basis of allotment for the Adon Agro Commodities IPO is scheduled for 2 July 2026, subject to completion of the IPO process and the applicable regulatory procedures.
Kfin Technologies Ltd. has been appointed as the registrar to the Adon Agro Commodities IPO. The registrar is responsible for processing IPO applications, finalising the basis of allotment and handling investor-related services associated with the issue.
No governance concerns or red flags have been indicated in the information provided. Applicants may review the company's prospectus for detailed disclosures related to its board, compliance practices, and management structure.
Eligible investors can apply through the ASBA process using their bank's net banking facility or through an authorised trading platform. Applicants need to select the IPO, enter the bid quantity and price within the notified price band, provide the required payment authorisation, and submit the application before the issue closes.
Yes. A valid demat account is required to apply for the Adon Agro Commodities IPO because, if shares are allotted, they are credited electronically to the applicant's demat account.
After the basis of allotment is finalised, applicants can check their allotment status through the registrar's website or the stock exchange portal using the required application details. If shares are allotted, they will be credited to the applicant's demat account before the proposed listing date.
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This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing.
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