31 Mar 2023
Assets3.65
Total Income22.33
EBITDA0.47
Profit After Tax0.09
NET Worth0.26
Reserves and Surplus0.16
At a glance
Updated 2026-09-09The shares listed at ₹78.25, a 11.79% move from the issue price. Adon Agro Commodities is a SME IPO with an issue size of ₹44.03 crore, proposed for listing on BSE SME. The offer opens on 29th Jun 2026 and closes on 1st Jul 2026. The issue structure includes a fresh issue of ₹41.82 crore. The current listing schedule points to 6th Jul 2026.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹44.03 Cr
Fresh issue₹41.82 Cr
Face value₹10
Price band₹66.00–₹70.00
Allotment2nd Jul 2026
Listing6th Jul 2026
Listing performance
Full performance ↗Issue price₹70.00
Listing price₹78.25
Current price—
Listing gain11.79%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper price0.00%
Est. listing₹70.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens29th Jun 2026
Closes1st Jul 2026
Allotment2nd Jul 2026
Refund3rd Jul 2026
Demat3rd Jul 2026
Listing6th Jul 2026
Subscription demand
Full bidding ↗QIB22.47×
sHNI0.57×
bHNI1.71×
NII / HNI1.71×
Retail0.84×
Total1.35×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 4000 | ₹280,000 |
Reservation
Issue mix
QIB1.07%64,000 shares
Anchor Investor1.07%64,000 shares
NII (HNI)49.38%2,950,000 shares
bNII > ₹10L32.91%1,966,000 shares
sNII < ₹10L16.47%984,000 shares
Retail49.55%2,960,000 shares
Total100.00%5,974,000 shares
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding incremental working capital requirements | ₹32.00 Cr |
| General Corporate Purpose | ₹6.44 Cr |
| Issue Expenses | ₹5.59 Cr |
| Total | ₹44.03 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue287.33₹ Cr · +178.9% vs prior year
EBITDA31.28₹ Cr · +199.3% vs prior year
PAT21.55₹ Cr · +198.5% vs prior year
Assets86.43₹ Cr · +121.0% vs prior year
Net Worth36.72₹ Cr · +201.7% vs prior year
Borrowing10.19₹ Cr · +115.0% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets20.22
Total Income72.92
EBITDA2.84
Profit After Tax1.79
NET Worth4.95
Reserves and Surplus1.95
Total Borrowing6.96
31 Mar 2025
Assets39.11
Total Income103.04
EBITDA10.45
Profit After Tax7.22
NET Worth12.17
Reserves and Surplus9.17
Total Borrowing4.74
31 Jan 2026
Assets86.43
Total Income287.33
EBITDA31.28
Profit After Tax21.55
NET Worth36.72
Reserves and Surplus30.45
Total Borrowing10.19
KPIs
| KPI | Mar 31, 2025 | Jan 31, 2026 |
|---|---|---|
| ROE | 84.36% | 88.16% |
| ROCE | 60.65% | 68.79% |
| Debt / Equity | 0.39% | 0.28% |
| RoNW | 84.36% | 88.16% |
| PAT Margin | 7.01% | 7.50% |
| EBITDA Margin | 10.14% | 10.89% |
| Price to Book Value | 1.73 | 1.2 |
Valuation & shareholding
Pre-IPO EPS4.32
Post-IPO EPS10.91
Pre-IPO P/E16.22
Post-IPO P/E6.42
Promoter holding pre90.04%
Promoter holding post65.44%
Market cap₹161.12 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Adon Agro Commodities IPO | — | 6.42 x | — | — |
| Farm Peace IPO | — | 16.12 x | — | — |
| Dhanwel Hybrid IPO | — | 14.74 x | — | — |
| Elfin Agro IPO | — | 17.20 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Funding incremental working capital requirements | ₹32.00 Cr |
| General Corporate Purpose | ₹6.44 Cr |
| Issue Expenses | ₹5.59 Cr |
| Total | ₹44.03 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Galactico Corporate Services Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-09.
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