Adon Agro Commodities Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 22.47x | 64,000 | 1,438,000 | ₹0 Cr |
| NII (HNI) | 1.41x | 2,950,000 | 4,150,000 | ₹21 Cr |
| Retail | 0.84x | 2,960,000 | 2,500,000 | ₹21 Cr |
| Market Maker | — | 316,000 | — | ₹2 Cr |
| Σ Total | 1.35x | 5,974,000 | 8,088,000 | ₹42 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹140,000 |
| Retail (Max) | 13 | 26,000 | ₹1,820,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,960,000 |
| B-HNI (Min) | 67 | 134,000 | ₹9,380,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Jan 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 287 | 103 | 73 |
| EBITDA | 31 | 10 | 3 |
| Profit After Tax | 22 | 7 | 2 |
| Net Worth | 37 | 12 | 5 |
| Total Assets | 86 | 39 | 20 |
| Reserves & Surplus | 30 | 9 | 2 |
| Total Borrowing | 10 | 5 | 7 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding incremental working capital requirements – 32.00
- General Corporate Purpose –
Company Overview
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.
The Company also undertakes corporate and festive gifting through curated dry fruit hampers and customised assortments.
The Company sources raw materials from domestic markets as well as internationally from the UAE, Afghanistan, USA, Chile, and Sri Lanka.
Its in-house processing facility, located at MIDC Mahape, Navi Mumbai, is equipped for mechanical cracking of almonds, manual cracking and grading of walnuts, cleaning, sorting, roasting, flavouring, and packaging operations.
The Company commenced processing operations in FY 2025-26, with an installed capacity of 4,800 tonnes per annum for almonds and 2,000 tonnes per annum for walnuts.
Revenue is generated across five business verticals comprising containerised bulk B2B sales, wholesale and corporate gifting sales, modern trade supply to organised retail chains, export sales, and direct-to-consumer sales through its own website and third-party e-commerce platforms.
As of November 30, 2025, the Company had a domestic presence across 19 states in India and commenced export operations to the UAE. The Company has also incorporated a wholly owned subsidiary, Adon Agro Trading L.L.C., in Dubai, UAE in November 2025, to strengthen its international sourcing and distribution capabilities.
The Company served 794 customers as of November 30, 2025, compared to 101 customers in FY 2024-25. As of November 30, 2025, the Company had 51 employees including directors, supported by key managerial and senior management personnel across sales, marketing, IT, finance, and plant operations.