Adon Agro Commodities was incorporated on January 24, 2022. The company operates in the agro-commodity trading and processing sector, engaged in the sourcing, importing, processing, packing, and distribution of dry fruits, nuts, seeds, and berries. Its diverse product portfolio includes almonds, walnuts, dates, pistachios, apricots, raisins, and other allied products, with a focus on quality, customer satisfaction, and responsible business practices
| Bidding Dates |
|---|
| 29 Jun 2026 - 01 Jul 2026 |
| Subscription |
|---|
| 1.34x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,64,000 | 2 | 2 | 2000 | 6.3 M | ₹66 - ₹70 | 68.26 % | ₹415.1 M - ₹440.3 M | RHP DOC |
Adon Agro Commodities IPO SUBSCRIPTION STATUS
01 Jul '26Adon Agro Commodities IPO overall subscription rate was 1.34 times the total available shares
Adon Agro Commodities IPO retail subscription rate was 1.14 times in the retail segment
Adon Agro Commodities IPO non-institutional investor subscription rate was 4.73 times in the non-institutional investor category
Adon Agro Commodities IPO Qualified Institutional Bidder subscription rate was 0.46 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
01 Jul 2026 (Day 3) | 1.14x | 4.73x | 0.46x |
30 Jun 2026 (Day 2) | 0.53x | 2.2x | 0.46x |
29 Jun 2026 (Day 1) | 0.39x | 1.34x | 0.24x |
Adon Agro Commodities FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 287.2 | 21.6 | -1.8 | -6.8 | 10.9% |
| FY25 | 103.0 | 7.2 | 4.6 | -2.7 | 10.1% |
| FY24 | 72.6 | 1.8 | -1.6 | -1.6 | 3.9% |
| FY23 | 22.3 | 0.1 | 1.5 | 1.3 | 2.1% |
Adon Agro Commodities IPO SUBSCRIPTION STATUS DETAILS
Adon Agro Commodities had 6.3 M shares on offer
Adon Agro Commodities IPO offer price was in the range ₹66 - ₹70
Adon Agro Commodities IPO minimum Investment was ₹264000
Adon Agro Commodities IPO issue size was ₹ 415.1 M - ₹ 440.3 M
Adon Agro Commodities had a minimum lot size of 2000 Shares per application
Adon Agro Commodities NUMBER OF SHARES ON OFFER
Adon Agro Commodities IPO IMPORTANT DATES
| Issue Open Date | 29 Jun 2026 |
| Issue close Date | 01 Jul 2026 |
| Allotment Date | 02 Jul 2026 |
| Refund Date | 03 Jul 2026 |
| Demat Account Credit Date | 03 Jul 2026 |
| Listing Date | 06 Jul 2026 |
| Listing on Exchange(s) | BSE |
| Adon Agro Commodities Allotment Status | Exchange/ Registrar |
Adon Agro Commodities IPO subscription opened on 29 Jun 2026, and closed on 01 Jul 2026
IPO allotment for Adon Agro Commodities was finalized on Thursday, 02 Jul 2026
IPO listing for Adon Agro Commodities was on BSE on Monday, 06 Jul 2026
Adon Agro Commodities IPO LISTING GAINS
| Issue Price (adjusted) | 70.0 |
| Listing Open Price | 78.3 |
| Listing Close Price | 82.2 |
| Listing Gain% | 11.8% |
| Current Gain% | 24.3% |
Adon Agro Commodities Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Adon Agro Commodities Ltd. | 87 | 200.2 | 8.6 | 0 | 0.6 | 60.4 | 19.7 | 324.9 | 215.3 | 23.2 | 220.8 | 10.1 | 220.8 |
| Varun Beverages Ltd. | 442 | 149504.9 | 44.2 | 2.3 | 6.2 | 15.5 | 11.9 | 22037.7 | 9.5 | 3036.5 | 17 | 10 | 18.9 |
| EID Parry (India) Ltd. | 805.1 | 14327.2 | 25.2 | -0.7 | 0.4 | 6.5 | 1.9 | 38883.4 | 21.6 | 569.5 | -35.2 | 32 | -35.2 |
| Avanti Feeds Ltd. | 906.6 | 12351.3 | 20.4 | 1.4 | 2 | 18.4 | 14.2 | 6276.5 | 8.6 | 606.1 | 14.6 | 44.5 | 14.6 |
| Manorama Industries Ltd. | 1636.2 | 10328.1 | 48.1 | 0.2 | 7.6 | 32 | 18.1 | 1377.1 | 73.9 | 214.9 | 95.8 | 34.1 | 204.8 |
| Sanstar Ltd. | 113.4 | 2066.8 | 60 | -2.8 | 2.6 | 5 | 4.3 | 796.4 | -18 | 34.4 | -21.3 | 1.9 | -21.3 |
Adon Agro Commodities INFORMATION ON IPO ISSUE
About Adon Agro Commodities
Adon Agro Commodities was incorporated on January 24, 2022. The company operates in the agro-commodity trading and processing sector, engaged in the sourcing, importing, processing, packing, and distribution of dry fruits, nuts, seeds, and berries. Its diverse product portfolio includes almonds, walnuts, dates, pistachios, apricots, raisins, and other allied products, with a focus on quality, customer satisfaction, and responsible business practices
Object of the Issue
- Funding incremental working capital requirements
- General corporate purposes
Adon Agro Commodities - PROMOTERS
| Name |
|---|
| Narayanswamy Venkitkrishnan |
| Shubham Ratan Sharma |
| Jigisha Narayanswamy |
Adon Agro Commodities - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Narayanswamy Venkitkrishnan | Managing Director |
| Shubham Ratan Sharma | Executive Director |
| Jigisha Narayanswamy | Executive Director |
| Shilpa Bung | Independent Director |
| Shubham Jain | Independent Director |
| Madhu Sudan Kushwaha | Independent Director |
Adon Agro Commodities Book Running Lead Manager
Galactico Corporate Services Limited
info@galacticocorp.com
Adon Agro Commodities Registrar to the Offer
Kfin Technologies Limited
aacl.ipo@kfintech.com
Adon Agro Commodities Strengths
Sourcing network & product innovation
The company has developed strong, trust-based relationships with suppliers across Asia, the Middle East, Chile, and Australia, ensuring a reliable supply of high-quality dry fruits. Its focus on research and development supports continuous product innovation, diversification, and alignment with evolving market trends and consumer preferences
Quality assurance & logistics
The company maintains rigorous quality control processes and advanced testing facilities to ensure products meet international standards. Its strategic logistics partnerships enhance delivery efficiency, support operational scalability, and help optimize supply chain cost
Adon Agro Commodities Risks
Competition
The company operates in a highly competitive market with the presence of both organised and unorganised suppliers offering similar products. Increased competition may result in pricing pressure, loss of market share, and reduced profitability, which could adversely affect its business operations and financial performance
Storage & contamination risks
The company’s products are intended for human consumption and are subject to risks such as contamination, spoilage, damage, or quality issues during procurement, storage, and handling. Any actual or perceived product quality failure could lead to regulatory action, product recalls, reputational damage, reduced sales, and adversely affect its business, financial condition, and results of operations
Counterparty credit risk
The company is exposed to counterparty credit risk arising from credit extended to customers, and any delay or default in customer payments could adversely affect its cash flows and financial performance. Inability to accurately assess customer creditworthiness or adverse economic conditions affecting customers may result in increased receivables, payment delays, or bad debts, impacting business operations and profitability
IPO FAQs
The promoters of the company are Narayanswamy Venkitkrishnan, Shubham Ratan Sharma and Jigisha Narayanswamy.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 66.0 - 70.0.
The IPO application opens on Jun 29, 2026 and closes on Jul 01, 2026.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 264,000.0, the maximum value for this IPO is Rs 280,000.0.
This IPO will be allotted on Jul 02, 2026.
The refund will be credited to your account on Jul 03, 2026.
The allotted shares will be credited to your demat on Jul 03, 2026.
Adon Agro Commodities Ltd.’s shares listed on the stock exchanges on Jul 06, 2026.