Adon Agro Commodities IPO
Bookbuilding IPO | ₹44.00 Cr | Listing at BSE SME
Closed
IPO Open
Mon, Jun 29, 2026
IPO Close
Wed, Jul 01, 2026
Price Band
₹66.00 to ₹70.00
Market Cap (Pre-IPO)
₹161.12 Cr
IPO Details
| IPO Date | Jun 29, 2026 to Jul 01, 2026 |
| Listing Date | Tentative: Jul 06, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹66.00 to ₹70.00 |
| Lot Size | 2000 Shares (Minimum: ₹140,000.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | ₹44.00 Crores |
| Total Shares Offered | 6,290,000 shares |
| Fresh Issue | 5,974,000 shares |
| Offer For Sale | 6,290,000 shares |
Adon Agro Commodities IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 64,000 |
| Retail Shares Offered | 29,50,000 |
| NII Shares Offered | 29,60,000 |
Adon Agro Commodities IPO Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹280,000 |
| Retail (Max) | 2 | 4,000 | ₹280,000 |
| S-HNI (Min) | 3 | 6,000 | ₹420,000 |
| S-HNI (Max) | 7 | 14,000 | ₹980,000 |
| B-HNI (Min) | 8 | 16,000 | ₹1,120,000 |
Adon Agro Commodities Financial Information (Restated Consolidated)
| 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 | 4.95 | 0.16 |
| Total Borrowing | 7.27 | 4.74 | 6.96 | - |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 84.36% |
| ROCE (Return on Capital Employed) | 60.65% |
| Debt/Equity | 0.39 |
| RoNW (Return on Net Worth) | 84.36% |
| PAT Margin (Profit After Tax Margin) | 7.01% |
| EBITDA Margin | 10.14% |
| Price to Book Value | 1.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.32 | 10.91 |
| P/E (x) | 16.22 | 6.42 |
| Promoter Holding | 90.04% | 65.44% |
Company Promoters
- The promoters of the company are Mr. Narayanswamy Venkitkrishnan
- Mrs. Jigisha Narayanswamy and Mr. Shubham Ratan Sharma.
Company Overview
Adon Agro Commodities – Company Overview
- Incorporated in 1998, Adon Agro Commodities Limited is engaged in the processing, packaging, trading, and distribution of dry fruits and nuts across India and international markets.
- The company offers a wide range of products including almonds, cashews, walnuts, pistachios, raisins, dried dates, apricots, figs, and assorted dry fruit mixes.
- Products are sold in bulk and under its proprietary retail brand Hunger Nuts, with pack sizes ranging from 250 grams to 30 kilograms.
- The company also provides corporate and festive gifting solutions through customized dry fruit hampers and curated assortments.
- Raw materials are sourced from domestic markets and international suppliers located in UAE, Afghanistan, USA, Chile, and Sri Lanka.
- Its processing facility at MIDC Mahape, Navi Mumbai is equipped for almond cracking, walnut grading, cleaning, sorting, roasting, flavouring, and packaging operations.
- The company commenced processing operations in FY 2025-26, with an installed capacity of 4,800 TPA for almonds and 2,000 TPA for walnuts.
- Revenue is generated through five business verticals: bulk B2B sales, wholesale & corporate gifting, modern retail supply, exports, and direct-to-consumer sales through its website and e-commerce platforms.
- As of November 30, 2025, the company had a presence across 19 states in India and had commenced exports to the UAE. It also established its wholly owned subsidiary Adon Agro Trading L.L.C., Dubai to strengthen global sourcing and distribution.
- 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 across sales, marketing, finance, IT, and plant operations.
Use of Proceeds
| 1) | Funding incremental working capital requirements | 32.00 |
| 2) | General Corporate Purpose | |
| Total | 32.00 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Adon Agro Commodities IPO Peer Comparison
Adon Agro Commodities peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Adon Agro Commodities Ltd. | 4.32 | - | 40.57 | - | 84.36 | - | - |
| Leo Dry Fruits & Spices Trading Ltd. | 5.75 | - | 35.59 | 9.57 | 16.68 | 1.57 | Consolidated |
| Proventus Agrocom Ltd. | 10.50 | - | 377.12 | 114.29 | 5.86 | 3.18 | Consolidated |
| Krishival Foods Ltd. | 6.07 | - | 63.55 | 50.74 | 4.08 | 4.89 | Consolidated |
Quick Info
| Sector | Agricultural Products (Agro) |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹161.12 Cr |
Important Dates
| IPO Open | Jun 29, 2026 |
| IPO Close | Jul 01, 2026 |
| Allotment Date | Jul 02, 2026 |
| Credit to Demat | Jul 03, 2026 |
| Listing Date | Tentative: Jul 06, 2026 |
Lead Manager(s)
Galactico Corporate Services Ltd.
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
- IPO Type: Book build issue aggregating to ₹44.03 crores.
- Issue Structure: Entirely a fresh issue of 0.63 crore shares totaling ₹44.03 crores.
- IPO Dates: The issue opens on June 29, 2026 and closes on July 1, 2026.
- Allotment Date: The allotment is expected to be finalized on July 2, 2026.
- Listing Details: The shares are proposed to be listed on BSE Limited SME on July 6, 2026.
- Retail Investment Requirement: Minimum 2 lots (4,000 shares) amounting to approximately ₹2,80,000 (at the upper price band).
- HNI Investment Requirement: Minimum 3 lots (6,000 shares) totaling around ₹4,20,000.
- Issue Price Band: ₹66 to ₹70 per equity share.
- Lot Size: 2,000 shares per lot.
This IPO offers investors an opportunity to participate in the agricultural commodities and agro-trading sector through a fresh issue of shares.