Adon Agro Commodities Limited is engaged in the sourcing, importing, processing, packaging, and distribution of dry fruits, nuts, seeds, and berries across India and international markets.
The company offers a wide product portfolio, including almonds, cashews, walnuts, pistachios, raisins, dried dates, figs, apricots, and dry fruit mixes, sold in bulk as well as under its retail brand “Hunger Nuts.”
Apart from regular sales, the company also provides corporate gifting and festive dry fruit hampers, catering to both business and retail customers. It follows a diversified revenue model through B2B bulk sales, wholesale trade, exports, modern retail supply, and online direct-to-consumer sales.
Its processing facility in MIDC Mahape, Navi Mumbai handles cleaning, grading, roasting, flavouring, and packaging operations, with installed capacity of 4,800 TPA for almonds and 2,000 TPA for walnuts.
As of January 31, 2026, the company served 871 customers and had a workforce of 62 employees.
Adon Agro Commodities IPO – Details
| IPO Opening Date | 29 June 2026 |
| IPO Closing Date | 01 July 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 62,90,000 Shares Worth ₹44.03 Crore Fresh Issue: 62,90,000 Shares Worth ₹44.03 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹66 – ₹70 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Kfin Technologies Ltd. |
| QIB Shares Offered | 1.07% |
| NII Shares Offered | 49.38% |
| Retail Shares Offered | 49.55% |
Adon Agro Commodities IPO – Date Schedule
| IPO Open Date | 29 June 2026 |
| IPO Close Date | 01 July 2026 |
| Basis of Allotment | 02 July 2026 |
| Initiation of Refund | 03 July 2026 |
| Credit of Shares to Demat | 03 July 2026 |
| IPO Listing Date | 06 July 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 01, 2026 |
Adon Agro Commodities IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4000 | ₹2,80,000 |
| Retail (Max) | 2 | 4000 | ₹2,80,000 |
| S-HNI (Min) | 3 | 6000 | ₹4,20,000 |
| S-HNI (Max) | 7 | 14000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 16000 | ₹11,20,000 |
Competitive Strength
- Integrated Operating Model.
- Diversified Product Portfolio.
- In-house Processing Capabilities.
- Multiple Distribution Channels.
- International Sourcing Network.
Company Promoters
- Mr. Narayanswamy Venkitkrishnan
- Mrs. Jigisha Narayanswamy
- Mr. Shubham Ratan Sharma.
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹22.33 Cr | ₹22.21Cr | ₹0.09 Cr | – |
| 31 March 2024 | ₹72.92 Cr | ₹70.36 Cr | ₹1.79 Cr | ₹6.96 Cr |
| 31 March 2025 | ₹103.04 Cr | ₹93.11 Cr | ₹7.22 Cr | ₹4.74 Cr |
| 31 January 2026 | ₹287.33 Cr | ₹258.18 Cr | ₹21.55 Cr | ₹10.19 Cr |
Key Performance Indicator
| KPI | Values (Jan 31, 2026) |
|---|---|
| ROE | 88.16% |
| ROCE | 68.79% |
| Debt/Equity | 0.28 |
| RoNW | 88.16% |
| PAT Margin | 7.50% |
| EBITDA Margin | 10.89% |
| Price to Book Value | 1.20 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.32 | 10.91 |
| P/E (x) | 16.22 | 6.42 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding incremental working capital requirements. | ₹32.00 |
| General Corporate Purpose. | – |
✅Strengths
- Diversified dry fruits and nuts portfolio.
- Multiple revenue channels (B2B, retail, exports, online).
- In-house processing facility improves margins.
- Strong customer growth to 871 customers.
⚠️Risks
- Dependent on imported raw materials.
- Profit affected by commodity price fluctuations.
- High competition in dry fruits market.
- The processing business started recently, with a limited track record.
Adon Agro Commodities IPO Promoter Holding
| Pre-Issue Share Holding | 90.04% |
| Post Issue Share Holding | 65.44% |
Adon Agro Commodities IPO Prospectus
Company Contact Information
| Adon Agro Commodities Limited Office No. I-3029, 3rd Floor, Akshar Business Park, Sector 25, Plot No. 3, Janta Market Road, Vashi, Navi Mumbai, Sanpada, Thane, Maharashtra, 400703 Phone: 022- 6501 1773 Email: cs@adonagrocommodities.com Website: https://adonagrocommodities.com/ |
Adon Agro Commodities IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: aacl.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Adon Agro Commodities IPO Lead Manager(s)
| 1. Galactico Corporate Services Ltd. |
Adon Agro Commodities IPO FAQ
| What is the Adon Agro Commodities IPO? Adon Agro Commodities IPO is an SME IPO. The issue is priced at ₹66 – ₹70 per equity share. The IPO is to be listed on BSE SME. |
| When will Adon Agro Commodities IPO open? The IPO is to open on 29 June 2026 for QIB, NII and Retail Investors. |
| What is Adon Agro Commodities IPO Investors’ Portion? The investors’ portion for QIB – 1.07%, NII – 49.38%, and Retail – 49.55%. |
| What is the Adon Agro Commodities IPO Size? Adon Agro Commodities IPO size is ₹44.03 Crore. |
| What are the Adon Agro Commodities IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 4000 Shares for ₹2,80,000, while the maximum bid is 4000 Shares for ₹2,80,000. |
| What is the Adon Agro Commodities IPO Allotment Date? Adon Agro Commodities IPO allotment date is 02 July 2026. |
| What is the Adon Agro Commodities IPO Listing Date? Adon Agro Commodities IPO listing date is 06 July 2026. The IPO is to be listed on the BSE SME. |
