Adon Agro Commodities IPO
Market Sentiment
IPO Details
Market Lot Size
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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.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. 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.
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
| Purpose | Amount (Cr) |
|---|---|
| Funding incremental working capital requirements; | 32.00 |
| General Corporate Purpose | - |
Resources & Documents
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.
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.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. 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
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
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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