Adon Agro Commodities IPO - Company Analysis
Adon Agro Commodities IPO under the SME IPO category is a bookbuild issue of Rs. 44.03 Cr by Adon Agro Commodities Limited and is involved in the procurement, importation, processing, packaging, and distribution of berries, nuts, and dry fruits.
Almonds, cashews, walnuts, pistachios, raisins, dried dates, apricots, figs, and various dry fruit combinations are among the products produced by the company in a variety of grades, shapes, and pack sizes. Under the company's exclusive retail brand, Hunger Nuts, which offers variations in pack sizes ranging from 250 grams to 30 kilograms, products are sold in bulk raw form as well as in processed and packaged formats.
Adon Agro Commodities IPO Details
The Adon Agro Commodities IPO date of opening is 29 Jun 2026, its initial public offering will end on 01 Jul, IPO allotment on Jul 02 and refund initiation on Jul 03, 2026.
The Rs. 44.03 crore new SME IPO comprises a wholly fresh issue of 0.63 crore shares.
The Adon Agro Commodities IPO listing date (expected) might be Monday, Jul 06, 2026, and listing at the BSE and SME.
The Adon Agro Commodities IPO price band is Rs. 66 to Rs. 70.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jun 29, 2026 |
|
IPO Closing Date |
Jul 01, 2026 |
|
IPO Allotment Date |
Jul 02, 2026 |
|
Refund Initiation |
Jul 03, 2026 |
|
IPO Listing Date |
Jul 06, 2026 |
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Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
39.11 |
20.22 |
3.65 |
|
Total Income |
103.04 |
72.92 |
22.33 |
|
Profit After Tax |
7.22 |
1.79 |
0.09 |
|
EBITDA |
10.45 |
2.84 |
0.47 |
|
Net Worth |
12.17 |
4.95 |
0.26 |
|
Reserves and Surplus |
9.17 |
1.95 |
0.16 |
|
Total Borrowing |
4.74 |
6.96 |
— |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
457.89 |
(156.15) |
152.43 |
|
Net Cash Flow Investing Activities |
(891.18) |
22.86 |
(35.23) |
|
Net Cash Flow Financing Activities |
(234.28) |
982.13 |
(96.26) |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Funding incremental working capital requirements. ~ Rs. 32 Cr.
- General Corporate Purposes.
Listed Peers of Adon Agro Commodities Ltd.
|
Name of Company |
Face Value (Rs. ) |
Basic EPS (₹) |
PE Ratio (x) |
|
Leo Dry Fruits & Spices Trading Limited |
10 |
5.75 |
9.57 |
|
Proventus Agrocom Limited |
10 |
10.50 |
114.29 |
|
Krishival Food Limited (Formerly Known as Empyrean Cashews Limited) |
10 |
6.07 |
50.74 |
Valuation
|
KPI |
Value (Mar 31, 2025) |
|
RoE |
84.36% |
|
ROCE |
60.65% |
|
Debt/Equity |
0.39 |
|
RoNW |
84.36% |
|
PAT Margin |
7.01% |
|
EBITDA Margin |
10.14% |
|
P.B Value |
1.73 |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 5.37 from the last year, the resulting P/E ratio is 13.03x.
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IPO's Strengths
- Integrated Operating Model
- Diversified Product Portfolio
- In-house Processing Capabilities.
IPO's Weaknesses
- Relatively Limited Operating History
- Dependence on Imports
- Working Capital Intensity.
Adon Agro Commodities IPO GMP (Grey Market Premium)
Adon Agro Commodities IPO GMP today is Rs. 0 as of 25 June 2026, while writing this information.
Adon Agro Commodities IPO Summary
|
IPO Opening & Closing Date |
29 Jun, 2026 to 01 Jul, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 66 to Rs. 70 per Share. |
|
Lot Size |
2000 Shares |
|
Issue Size |
62,90,000 Shares (Rs. 44 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
59,74,000 Shares (Rs. 42 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Book build Issue |
|
Registrar |
Kfin Technologies Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (4000 Shares) for Rs. 2,80,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (6000 Shares) for Rs. 4,20,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Adon Agro Commodities IPO Allotment Status
To check the Adon Agro Commodities IPO Allotment Status, visit the official Registrar’s website or the BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Adon Agro Commodities Ltd.
- Mr. Narayanswamy Venkitkrishnan
- Mrs. Jigisha Narayanswamy
- Mr. Shubham Ratan Sharma.
|
Pre-Issue Promoter Shareholding |
90.04% |
|
Post-Issue Promoter Shareholding |
65.44% |
IPO Lead Managers
- Galactico Corporate Services Ltd.
Dividend Policy
The company has no formal dividend policy.
Conclusion
Investors can gain exposure to a developing dry fruit, nut, and packaged food company with robust sales and profit development through the Adon Agro Commodities IPO. The company's long-term business potential is supported by its integrated operations, diverse product portfolio, and Hunger Nuts brand.
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Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
