Adon Agro Commodities IPO

About Adon Agro Commodities IPO

The public issue of the Adon Agro Commodities IPO, an SME IPO, opens on Monday, June 29, 2026 and closes on Wednesday, July 1, 2026. The allotment of shares will take place on Thursday, July 2, 2026. The credit of shares to the demat account will take place on Friday, July 3, 2026 . The initiation of refunds will take place on Friday, July 3, 2026. The listing of shares will take place on Monday, July 6, 2026.

The offer consists of a fresh issue component. The fresh issue will include 0.63 crore shares of ₹44.03 crores. The total number of shares and aggregate amount are 62,90,000 shares aggregating up to ₹44 crores.

Adon Agro Commodities IPO’s price band is set at ₹66 to ₹70 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by a retail investor is ₹2,80,000 (4,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (6,000 shares), amounting to ₹4,20,000.

Adon Agro Commodities was incorporated in 2022 and operates in the agro-commodity trading industry, primarily engaged in the sourcing and distribution of premium-quality dry fruits. They source premium-quality dry fruits from Asia, the Middle East, and Africa from certified suppliers and enforce strict quality control. Currently, they supply the majority of their products mainly in the Maharashtra, Madhya Pradesh and New Delhi regions, and hence more than 90% of their revenue for the last three financial years has been generated from these regions.

Objectives of Adon Agro Commodities IPO

• Funding incremental working capital requirements.
  
• Branding, Advertisement and Marketing activities.
  
• Setting up of processing and packaging unit.
  
• General corporate purpose.
  

Industry Outlook

Traditionally, dry fruits have held a prominent place in Indian households, associated with health, hospitality, and cultural rituals. However, in recent years, this demand has expanded from festive or ceremonial use to everyday consumption. This transformation is largely due to a rising awareness about the nutritional value of dry fruits, which are rich in proteins, fibre, healthy fats, vitamins, and antioxidants. Consumers increasingly perceive dry fruits not just as indulgent or premium snacks, but as essential components of a balanced and health-supportive diet.

Urbanisation, a rise in middle-class income levels, and greater access to organised retail and e-commerce have also contributed to market expansion. With more Indians adopting wellness-centric lifestyles, dry fruits are now being incorporated into breakfast routines, fitness diets, and functional food products such as energy bars, smoothies, cereals, and baked goods. Simultaneously, rural demand is growing, supported by better distribution networks and increased purchasing power in Tier 2 and Tier 3 towns.

About Adon Agro Commodities

Adon Agro Commodities operates in the agro-commodity trading industry, which includes sourcing, importing, and distributing high-quality dry fruits, such as almonds, walnuts, and apricots. Quality, customer satisfaction, and sustainability are central to their operations. Their experienced team consistently upholds high standards to ensure each product meets established benchmarks for quality, taste, and freshness. They source premium-quality dry fruits from Asia, the Middle East, and North Africa.

Previously, they were engaged in wholesale trading of premium-quality dry fruits, and recently they entered the retail segment under the brand ‘Hunger Nuts’. The new product line, Hunger Nuts, includes roasted almonds, cashews, and pistachios, offered as healthy, high-quality products.

Strengths of Adon Agro Commodities

• Skilled management team with demonstrated ability in project management and successful execution.
  
• Track record of growth and profitability.
  
• Global sourcing network.
  
• Product innovation.
  
• Efficient distribution & logistics.
  

Risks of Adon Agro Commodities

• Competition from various organised and unorganised local suppliers.
  
• Dependence on third-party transportation providers for the supply and delivery of their traded products.
  
• Foreign exchange control regulations, which may expose them to the risk of currency fluctuations.
  
• Inability to accurately forecast consumer demand for their products or manage their inventory.
  
• Financial instability in both Indian and international financial markets.
  

Notes: 1. Net Asset Value per Equity Share is calculated as net worth attributable to equity shareholders as at the end of Fiscal period/year divided by the outstanding number of Equity Shares used in calculating basic earnings per share.

2. All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on standalone basis) and is sourced from the annual reports / annual results as available of the respective company for the year ended March 31, 2025 submitted to Stock Exchanges and the Company’s financial information mentioned above is for the financial year ended March 31, 2025.

3. The price band determined by the company in consultation with the Book Running Lead Manager is justified by the Company in consultation with the Book Running Lead Manager on the basis of the above parameters.

4. P/E Ratio has been computed based on the closing market price of equity shares on BSE on March 02, 2026 divided by the Diluted EPS provided.

5. Return on Net Worth is computed as restated net profit/(loss) after tax attributable to equity holders of the Company divided by Average Net Worth for Equity Shareholders of the Company.

Anchor Investor Bidding Date: TBA

Registrar Details
KFin Technologies Limited
Email: aacl.ipo@kfintech.com
Tel.: 04067162222, 04079611000

Book Running Lead Manager
AFCO Capital India Private Limited

Adon Agro Commodities Contact Details
Office No. I-3029, 3rd Floor, Akshar Business Park
Sector 25, Plot No. 3, Janta Market Road
Vashi, Navi Mumbai, Sanpada
Thane, Maharashtra, 400703
Email: cs@adonagrocommodities.com Phone: 022- 6501 1773

Adon Agro Commodities Business Model

The company earns its revenue through the following: Sourcing, importing, and distributing high-quality dry fruits, such as almonds, walnuts, and apricots.

Adon Agro Commodities Growth Trajectory

Agro Commodities’ Total Income for FY25 was ₹103.040 crores, whereas in FY24 and FY23 it was ₹72.916 crores and ₹22.335 crores, respectively.

The Profit After Tax for FY25 was ₹7.221 crores, whereas in FY24 and FY23 it was ₹1.790 crores and ₹0.086 crores, respectively.

Their EBITDA for FY25 was ₹10.452 crores, whereas in FY24 and FY23 it was ₹2.843 crores and ₹0.473 crores, respectively.

How to apply for Adon Agro Commodities IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.