| IPO Date | June 29, 2026 to July 1, 2026 |
| Listing Date | July 6, 2026 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 66 to ₹ 70 / Share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6290000 (Aggregating up to 44 ) |
| Fresh Issue | 5974000 (Aggregating up to 42 ) |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share holding pre issue | 16727270 |
| Share holding post issue | 23017270 |
| Market Maker portion |
Adon Agro Commodities IPO opens on June 29, 2026, and closes on July 1, 2026.
| IPO Open Date | June 29, 2026 |
| IPO Close Date | July 1, 2026 |
| Basis of Allotment | July 2, 2026 |
| Initiation of Refunds | July 3, 2026 |
| Credit of Shares to Demat | July 3, 2026 |
| Listing Date | July 6, 2026 |
| Cut-off time for UPI mandate confirmation | -- |
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 | Rs.280,000 |
| Retail (Max) | 2 | 4,000 | Rs.280,000 |
| S-HNI (Min) | 3 | 6,000 | Rs.420,000 |
| S-HNI (Max) | 7 | 14,000 | Rs.980,000 |
| B-HNI (Min) | 8 | 16,000 | Rs.1,120,000 |
| HNI (Min) |
| Share Holding Pre Issue | 16727270 |
| Share Holding Post Issue | 23017270 |
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 | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | 316000 |
5.02 |
| Other Shares Offered | |
|
| QIB Shares Offered | 64000 1.07 |
1.02 |
| NII (HNI) Shares Offered | 2950000 49.38 |
46.90 |
| bNII > ₹10L | 1966000 |
31.26 |
| sNII < ₹10L | 984000 |
15.64 |
| Retail Shares Offered | 2960000 49.55 |
47.06 |
| Employee Shares Offered | |
|
| Total Shares Offered | 6290000 100.00 |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
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
| KPI | Values |
|---|---|
| ROE | 88.16 |
| ROCE | 68.79 |
| Debt/Equity | 0.28 |
| RoNW | 88.16 |
| P/BV | 1.20 |
| PAT Margin (%) | 7.50 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.32 | 10.91 |
| P/E (x) | 16.22 | 6.42 |
Narayanswamy Venkitkrishnan, Jigisha Narayanswamy and Shubham Ratan Sharma
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
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