SME

IPO ·

BSE SME

Adon Agro Commodities Ltd

Listed

Adon Agro Commodities Ltd. is primarily engaged in the sourcing, importing, processing, packing and distribution of dry fruits, nuts, seeds and berries.

Issue details

Price band

₹66 – ₹70

Face value

₹10

Lot size

2,000 shares

Minimum investment

₹2,80,000

Issue size

₹44.03 Cr

Fresh issue

₹41.82 Cr

Offer for sale

—

Issue type

Book Built

Exchange

BSE SME

Key dates

Opens

29 Jun 2026

Closes

1 Jul 2026

UPI mandate cut-off

5:00 PM on 1 Jul 2026

Allotment

2 Jul 2026

Refunds

3 Jul 2026

Shares in demat

3 Jul 2026

Listing

6 Jul 2026

Subscription and listing

Subscription

1.34x

Listing price

₹78.25

Registrar

Kfin Technologies Ltd

Lead manager

Galactico Corporate Services

Subscription by category

Total

1.34x

Total applications

753

Listing day

Issue price

₹70

Open

₹78.25

High

₹82.16

Low

₹78.25

Day close

₹82.16

Listing gain at open

+11.79%

Issue structure

Shares reserved per category and share of the total issue

QIB Shares Offered

64,000

1.02%

NII Shares Offered

29,50,000

46.90%

bNII > ₹10L

19,66,000

31.26%

sNII < ₹10L

9,84,000

15.64%

Retail Shares Offered

29,60,000

47.06%

Market Maker Shares Offered

3,16,000

5.02%

Total Shares Offered

62,90,000

100.00%

Finaccle’s quick read

Apply

FY25 income up 41%, PAT up 303%, ROE 88.16%, D/E 0.28, post-issue P/E 6.42x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

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.

Promoters

Narayanswamy Venkitkrishnan,

Narayanswamy Venkitkrishnan,

Promoter holding

90.04% pre-issue; 65.44% post-issue

90.04% pre-issue; 65.44% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

Jan 2026

Jan 2026

287.33

287.33

31.28

21.55

21.55

36.72

10.19

10.19

86.43

FY25

FY25

103.04

103.04

10.45

7.22

7.22

12.17

4.74

4.74

39.11

FY24

FY24

72.92

72.92

2.84

1.79

1.79

4.95

6.96

6.96

20.22

FY23

FY23

22.33

22.33

0.47

0.09

0.09

0.26

—

—

3.65

ROE

88.16%

ROCE

68.79%

Debt / equity

0.28

PAT margin

7.50%

P/E post issue

6.42

Market cap

₹161.12 Cr

Use of IPO money

Funding incremental working capital requirements

₹32.00 Cr

General Corporate Purpose

₹6.44 Cr

Issue Expenses

₹5.59 Cr

Strengths

✓

Revenue up 41% in FY25 to ₹103.04 Cr

✓

PAT up 303% in FY25 to ₹7.22 Cr

✓

ROE of 88.16% and ROCE of 68.79%

✓

Moderate leverage: debt to equity 0.28

Risks to watch

!

SME platform: large lot size and thinner trading liquidity

!

Modest PAT margin of 7.50%

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.