Adon Agro Commodities Limited
Bookbuilding IPO · BSE
- Price band
- ₹66 - ₹70
- Lot size
- 2,000 shares
- Issue amount
- ₹44.03 cr
- Total subscription
- 1.41×
- Opens
- 29 Jun 2026
- Closes
- 1 Jul 2026
- Allotment
- 2 Jul 2026
- Listing
- 6 Jul 2026
Offer at a glance
Issue overview
- Issue size
- 62,90,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,32,000
- Fresh issue
- ₹44.03 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,40,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,67,27,270
- Shares after issue
- 2,30,17,270
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 4,000 | ₹2,80,000 |
| sHNI | 3 | 6,000 | ₹4,20,000 |
| bHNI | 8 | 16,000 | ₹11,20,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 1 Jul 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 5 |
| NIB | 0 | 143 |
| RETAIL | 740 | 625 |
| EMPLOYEES | 0 | 0 |
| HNIs(10L +) | 328 | 58 |
| HNIs (2-10L) | 164 | 85 |
| Shareholder | 0 | 0 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0.45 | 10.07 |
| Others | 0 | 10.07 |
| RETAIL | 20.72 | 17.5 |
| NIB | 20.65 | 31.26 |
| HNIs 2+ | 6.89 | 3.93 |
| HNIs 10+ | 13.76 | 27.33 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 12.94 | 5.37 | 1.66 | 0.08 |
| ROE | 0 | 0 | 0 | 0 |
| ROCE | 68.79 | 60.65 | 51.85 | 49.87 |
| RONW | 88.16 | 84.36 | 68.72 | 40.09 |
| PRE IPO(PE) | 0 | 13.03 | 0 | 0 |
| POST IPO(PE) | 6.42 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Krishival Foods Limited | 50.74 | 308 | 10.00 | 63.55 | 4.08 | 6.07 |
| Proventus Agrocom Limited | 114.29 | 1200.00 | 10.00 | 377.12 | 5.86 | 10.50 |
| Leo Dry Fruits & Spices Trading Limited | 9.57 | 55.00 | 10.00 | 35.59 | 16.68 | 5.75 |
| Adon Agro Commodities Limited | 13.03 | 70.00 | 10.00 | 40.57 | 84.36 | 5.37 |
Company information
Company profile
The Company is engaged in the sourcing, processing, packaging, and distribution of a wide range of dry fruits and nuts, including almonds, cashews, walnuts, pistachios, raisins, dates, apricots, figs, and mixed dry fruit products. These products are sold in bulk as well as under its retail brand, Hunger Nuts, in various pack sizes. The Company also offers customised corporate and festive gifting solutions through curated dry fruit hampers. Raw materials are sourced from both domestic and international markets, including the UAE, Afghanistan, the USA, Chile, and Sri Lanka. Its processing facility in Navi Mumbai is equipped for cleaning, grading, roasting, flavouring, and packaging operations. The Company serves customers through multiple channels, including B2B sales, wholesale distribution, organised retail, exports, and online platforms. As of November 30, 2025, it had a presence across 19 Indian states, had started exports to the UAE, served 794 customers, and employed 51 people.
Strengths
- Diversified Revenue Streams: Presence across B2B, retail, exports, e-commerce, and corporate gifting reduces dependence on a single channel.
- Integrated Processing & Sourcing Capabilities: In-house processing facility and global sourcing network support quality control and supply reliability.
- Rapid Customer & Market Expansion: Strong growth in customer base with presence across India and entry into international markets.
Risk factors
- Dependence on Imported Raw Materials: Reliance on international sourcing exposes the business to currency and supply chain risks.
- Limited Processing Track Record: Processing operations commenced recently, resulting in a relatively short operating history in value-added products.
- Commodity Price Volatility: Fluctuations in dry fruit prices can impact margins and profitability.
Promoters
Mr. Narayanswamy Venkitkrishnan
Mrs. Jigisha Narayanswamy
Mr. Shubham Ratan Sharma
Registrar & documents
Lead manager
Galactico Corporate Services Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Office No. I-3029, 3rd Floor, Akshar Business Park, Sector 25, Plot No. 3, Janta Market Road, Vashi, Navi Mumbai, Sanpada, Thane, Maharashtra, 400703
022- 6501 1773
[email protected]Company website ↗Understanding ADON IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.