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IPOs, NCDs, OFS, Rights Issues, Buyback and Stock Brokers

IPO Open

Mon, Jun 29, 2026

IPO Close

Wed, Jul 1, 2026

Price Band

₹66 to ₹70

Market Cap (Pre-IPO)

₹161.12 Cr

IPO Details

  • IPO Date
    29 Jun to 1 Jul, 2026
  • Listing Date
    Mon, Jul 6, 2026T
  • Face Value
    ₹10 per share
  • Price Band
    ₹66 to ₹70
  • 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 (agg. up to ₹2 Cr) Shreni Shares Ltd.
  • 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

IPO Timetable (Tentative)

  • IPO Open
    Mon, Jun 29, 2026
  • Allotment
    Thu, Jul 2, 2026
  • Credit of Shares
    Fri, Jul 3, 2026
  • IPO Close
    Wed, Jul 1, 2026
  • Refund
    Fri, Jul 3, 2026
  • Listing
    Mon, Jul 6, 2026

Issue Reservation

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%

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
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

About Adon Agro Commodities Ltd.

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

  • Integrated Operating Model
  • Diversified Product Portfolio
  • In-house Processing Capabilities
  • Multiple Distribution Channels
  • International Sourcing Network

Company Financials (Restated)

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

Recently Listed IPOs in Other Agricultural Products

Company Issue Type Issue Size Issue Price Listing Day Close Listing Gain/Loss % LTP
M R Maniveni Foods Ltd. SME ₹27.04 Cr ₹52 ₹41.13 -20.90% ₹36.48 (-2.62%)
NFP Sampoorna Foods Ltd. SME ₹24.53 Cr ₹55 ₹51.80 -5.82% ₹23.70 (+3.49%)
Stanbik Agro Ltd. SME ₹12.28 Cr ₹30 ₹33.33 +11.10% ₹33.80 (+5.62%)

IPO Objects of the Issue

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
  • Total
    32.00

Key Performance Indicator (KPI)

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 promoters of the company are Mr. Narayanswamy Venkitkrishnan, Mrs. Jigisha Narayanswamy and Mr. Shubham Ratan Sharma.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of November 30, 2025 available in RHP.

IPO Registrar

Kfin Technologies Ltd.

IPO Lead Manager(s)

  1. Galactico Corporate Services Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Adon Agro Commodities Ltd. Address
Office No. I-3029, 3rd Floor, Akshar Business Park
Sector 25, Plot No. 3, Janta Market Road
Vashi, Navi Mumbai, Sanpada
Thane, Maharashtra, 400703

IPO FAQs

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 ₹66 to ₹70. 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.

Angel One customers can apply online in Adon Agro Commodities IPO using UPI as a payment gateway. Angel One customers can apply in Adon Agro Commodities IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Adon Agro Commodities IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Adon Agro Commodities IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One 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 Angel One, 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 not yet announced. The tentative date of listing is Mon, Jul 6, 2026.

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