Adon Agro Commodities Limited
SMEBSE
Issue details
Price band
₹66 - ₹70
Lot size
2,000 shares
Issue size
₹44 Cr
Min. investment
₹1,40,000
Registrar
KFin Technologies
Grey market premium
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IPO Timeline
Open
29 Jun
Close
1 Jul
Allotment
2 Jul
Listing
6 Jul
- Refunds & demat credit
- 3 Jul 2026
- Mandate end
- 16 Jul 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| Retail | 2,000shares 1 lot · ₹1,40,000 | 2,000shares 1 lot · ₹1,40,000 |
| HNI | 4,000shares 2 lots · ₹2,80,000 | No limit funds permitting |
Based on the upper price band of ₹70 and a lot of 2,000 shares.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹42 Cr
59,74,000 shares
Shares pre-issue
1,67,27,270
Shares post-issue
2,30,17,270
Reservation
- QIB
- 64,000
- NII
- 29,50,000
- Retail
- 29,60,000
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 4.32 | 10.91 |
| P/E | 16.22 | 6.42 |
| Market cap | ₹117.09 Cr. | ₹189.11 Cr |
| KPI | Jan 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 88.16% | 84.36% |
| ROCE | 68.79% | 60.65% |
| Debt/Equity | 0.28 | 0.39 |
| RoNW | 88.16% | 84.36% |
| PAT Margin | 7.50% | 7.01% |
| EBITDA Margin | 10.89% | 10.14% |
| NAV | 58.54 | 40.57 |
| Price to Book Value | 1.20 | 1.73 |
Financials
| Metric | 31 Jan 2026 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Total income | 287.33 | 103.04 | 72.92 | 22.33 |
| Profit after tax | 21.55 | 7.22 | 1.79 | 0.09 |
| EBITDA | 31.28 | 10.45 | 2.84 | 0.47 |
| Net worth | 36.72 | 12.17 | 4.95 | 0.26 |
| Assets | 86.43 | 39.11 | 20.22 | 3.65 |
| Reserves & surplus | 30.45 | 9.17 | 1.95 | 0.16 |
| Total borrowing | 10.19 | 4.74 | 6.96 | — |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Funding incremental working capital requirements₹32 Cr
- 2.General Corporate Purpose₹6.44 Cr
- 3.Issue Expenses₹5.59 Cr
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| M R Maniveni Foods Ltd.SME | ₹52 | 18.11 | ₹41.13 | -20.90% |
| NFP Sampoorna Foods Ltd.SME | ₹55 | 16.81 | ₹51.80 | -5.82% |
| Stanbik Agro Ltd.SME | ₹30 | 5.9 | ₹33.33 | +11.10% |
| Unisem Agritech Ltd.SME | ₹65 | 12.21 | ₹61.75 | -5.00% |
| Shreeji Global FMCG Ltd.SME | ₹125 | 16.42 | ₹101.70 | -18.64% |
| BharatRohan Airborne Innovations Ltd.SME | ₹85 | 16.38 | ₹91.99 | +8.22% |
| Sawaliya Foods Products Ltd.SME | ₹120 | 12.64 | ₹239.40 | +99.50% |
| Amir Chand Jagdish Kumar (Exports) Ltd.Mainboard | ₹212 | 28.86 | ₹180.00 | -15.09% |
| Trualt Bioenergy Ltd.Mainboard | ₹496 | 23.89 | ₹530.95 | +7.05% |
| Regaal Resources Ltd.Mainboard | ₹102 | 17.58 | ₹131.58 | +29.00% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.