Adon Agro Commodities SME IPO
Adon Agro Commodities IPO — date, price band, GMP & allotment 2026
Adon Agro Commodities is engaged in the trading and distribution of agricultural commodities and related products. The company follows a commodity trading business model, connecting farmers, suppliers and buyers through an organised procurement and distribution network. Its operations cover sourcing, storage and supply of agricultural products to domestic customers. The company has established a presence in key agricultural markets across India
Stock price
Adon Agro Commodities is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 23 September.
- Open 29 Jun 2026
- Close 01 Jul 2026
- Allotment 02 Jul 2026
- Refund/credit 03 Jul 2026
- Listing 06 Jul 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 29 Jun to 1 Jul, 2026 |
|---|---|
| Price Band | ₹66 – ₹70 |
| Face Value | ₹10 |
| Lot Size | 2000 Shares |
| Issue Size | ₹44.03 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 2,80,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 2000 shares at the ₹70 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 4,000 | ₹2,80,000 |
| Retail (max) | 2 | 4,000 | ₹2,80,000 |
| HNI (min) | 3 | 6,000 | ₹4,20,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Strong presence in agricultural commodity trading.
- 02Wide sourcing and distribution network.
- 03Growing agricultural market in India.
- 04Asset-light business model.
- 05Experienced promoters in commodity trading.
Risks · 5
- 01Exposure to agricultural commodity price fluctuations.
- 02Dependence on weather and crop output.
- 03Regulatory changes in agricultural markets.
- 04High working capital requirements.
- 05Credit and counterparty risks.
Three years of numbers
All figures in ₹ crore, as reported in the Adon Agro Commodities offer document.
| Metric | 31 Jan 2026 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 86.43 | 39.11 | 20.22 | 3.65 |
| 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 |
| Reserves and Surplus | 30.45 | 9.17 | 1.95 | 0.16 |
| Total Borrowing | 10.19 | 4.74 | 6.96 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Adon Agro Commodities RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Adon Agro Commodities IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹10.91 |
| P/E Ratio (x) | 6.42 |
| Market Cap at Offer Price (₹ Cr) | ₹138.27 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹70 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹44.03 Cr of the issue is earmarked to named objects.
About the company
The company deals in various agricultural commodities and related products. It follows a trading-based business model that generates revenue through procurement, storage, logistics and distribution activities. The promoters possess experience in commodity markets and agricultural trade, helping the company strengthen its market presence and customer network.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
022- 6501 1773
The bankers & the filings
Who is running the book, and the documents this page is built from.
Company contact
Frequently asked
What is the GMP of Adon Agro Commodities?
The current Grey Market Premium is ₹0.
What is the Adon Agro Commodities IPO price band?
₹66 to ₹70, on a face value of ₹10.
When is the allotment?
The basis of allotment is 2 July 2026, with listing on 6 July 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
