Adon Agro Commodities IPO
Market Sentiment
IPO Details
Market Lot Size
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Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Jan 2026 |
|---|---|---|---|---|
| Revenue | 22.33 | 72.92 | 103.04 | 287.33 |
| Expense | 22.21 | 70.36 | 93.11 | 258.18 |
| Profit (PAT) | 0.09 | 1.79 | 7.22 | 21.55 |
| Total Assets | 3.65 | 20.22 | 39.11 | 86.43 |
| Company | EPS | P/E | RoNW % | NAV |
|---|---|---|---|---|
| Leo Dry Fruits & Spices Trading Limited | 5.75 | 9.57 | 16.68 | 35.59 |
| Proventus Agrocom Limited | 10.50 | 114.29 | 5.86 | 377.12 |
| Krishival Food Limited | 6.07 | 50.74 | 4.08 | 63.55 |
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
- Strong institutional (QIB) demand — 22.5x.
- Revenue grew 41% in the latest reported year.
- Strong return on equity — 84%.
- Low leverage — debt/equity of 0.39.
No major red flags in the available data.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Adon Agro Commodities has been involved in the sourcing, importing, processing, packing, and distribution of dry fruits, nuts, seeds, and berries. Its product range includes almonds, cashews, walnuts, raisins, pistachios, dates, apricots, and other related products. The firm sells its products in bulk in unprocessed form as well as in processed and packaged format in sizes ranging from 250 grams to 30 kilograms under its brand Hunger Nuts. Adon Agro sources its raw materials from both domestic and international markets in the UAE, Afghanistan, the USA, Chile, and Sri Lanka. Its manufacturing facility is located at Navi Mumbai, which includes machines for cracking of almonds, manual cracking and grading of walnuts, cleaning, sorting, roasting, flavouring, and packaging operations. Moreover, the company generates its revenue via 5 different segments: Containerised Bulk B2B Sales, Wholesale and Corporate Gifting Sales, Modern Trade Supply, Export Sales, and Direct-to-Consumer (D2C) Sales.
| 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 stock listed with a 11.79% gain versus its issue price on July 06, 2026.
Adon Agro Commodities has been involved in the sourcing, importing, processing, packing, and distribution of dry fruits, nuts, seeds, and berries. Its product range includes almonds, cashews, walnuts, raisins, pistachios, dates, apricots, and other related products.
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. Final subscription data records overall subscription at 1.34x, retail at 0.84x, QIB at 22.47x, NII at 1.37x.
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 an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Adon Agro Commodities IPO GMP — What It Means
The latest grey market premium for Adon Agro Commodities IPO is ₹0 (+0.0%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Adon Agro Commodities it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Adon Agro Commodities GMP history and trend, or learn how grey market premium works and how reliable it is.
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