Adon Agro Commodities IPO
Market Sentiment
IPO Details
IPO Reservation
Market Lot Size
Return Estimator (GMP*)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Nov 2025 |
|---|---|---|---|---|
| Revenue | 22.33 | 72.92 | 103.04 | 220.76 |
| Expense | 22.21 | 70.36 | 93.11 | 198.26 |
| Profit (PAT) | 0.09 | 1.79 | 7.22 | 16.74 |
| Total Assets | 3.65 | 20.22 | 39.11 | 64.46 |
| Company | P/E | EPS |
|---|---|---|
| Leo Dry Fruits & Spices Trading Limited | 9.57 | 5.75 |
| Proventus Agrocom Limited | 114.29 | 10.50 |
| Krishival Food Limited | 50.74 | 6.07 |
Promoters: Mr. Narayanswamy Venkitkrishnan, Mrs. Jigisha Narayanswamy and Mr. Shubham Ratan Sharma
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,67,27,270 | 90.04% |
| Promoter Holding Post Issue | 2,30,17,270 | 65.44% |
Strengths & Risks
- Revenue grew 41% in the latest reported year.
- Strong return on equity — 84%.
- Low leverage — debt/equity of 0.39.
- Grey-market premium is flat or negative — a weak listing-pop signal.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
| Purpose | Amount (Cr) |
|---|---|
| Funding incremental working capital requirements; | 32.00 |
| General Corporate Purpose | - |
Resources & Documents
Adon Agro Commodities Ltd., Office No. I-3029, 3rd Floor, Akshar Business Park, Sector 25, Plot No. 3, Janta Market Road, Vashi, Navi Mumbai, Sanpada, Thane, Maharashtra, 400703
Adon Agro Commodities has set a price band of Rs 66–Rs 70 per share for an issue size of Rs 44 crore. The SME issue is scheduled to open for subscription on June 29, 2026 — 6 days from now.
The issue is promoted by Mr. Narayanswamy Venkitkrishnan, Mrs. Jigisha Narayanswamy and Mr. Shubham Ratan Sharma with Galactico Corporate Services Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding incremental working capital requirements; (Rs 32 crore) and General Corporate Purpose.
Current grey market activity shows a flat premium, indicating muted unofficial demand.
On fundamentals, the company is posting revenue growth of 41.3%, a profit margin of 7.0%, return on equity of 84.4% in its most recent reported period. Listed peers in this segment include Leo Dry Fruits & Spices Trading Limited (P/E 9.57x) and Proventus Agrocom Limited (P/E 114.29x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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