| Price | 66 to 70 |
|---|---|
| GMP Rumors | ₹1 |
| Lot size | 2000 |
| Issue size | ₹44.03 Cr |
| Allotment | 02-07-2026 |
| Listing | 06-07-2026 |
| Suggestion | Avoid |
| Allotment Status | Kfintech |
| Video |
BSE List Price : ₹78.25
| Category | Times |
|---|---|
| QIBs | 22.47x |
| HNIs | 1.51x |
| Retail | 0.84x |
| Total : 1.41x | |
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4,000 | ₹280,000 |
| Retail Maximum | 2 | 4,000 | ₹280,000 |
| S-HNI Minimum | 3 | 6,000 | ₹420,000 |
| S-HNI Maximum | 7 | 14,000 | ₹980,000 |
| B-HNI Minimum | 8 | 16,000 | ₹1,120,000 |
Adon Agro Commodities Limited was initially incorporated as Adon Agro Commodities Private Limited on January 24, 2022, under the provisions of the Companies Act, 2013. Subsequently, the company was converted into a public limited entity and renamed Adon Agro Commodities Limited on January 19, 2025. Its registered office is located in Navi Mumbai, Maharashtra.
The company operates in the agro-commodity trading and processing industry, with a primary focus on the procurement, import, processing, packaging, and distribution of dry fruits, nuts, seeds, and berries. Its product range comprises almonds, cashews, walnuts, pistachios, dates, raisins, apricots, and various other related products.
Adon Agro procures products from both domestic and international sources, including countries such as the United Arab Emirates, Afghanistan, Chile, the United States, and Sri Lanka. The company supplies dry fruits in bulk quantities to B2B customers while also offering processed and packaged products under its own brand, “Hunger Nuts,” through B2B, retail, and direct-to-consumer (D2C) channels.
Over the years, the company has established an integrated operating model encompassing sourcing, processing, packaging, and distribution, allowing it to cater to a diverse customer base. Its presence in APMC Navi Mumbai, coupled with a network of intermediaries and distributors across India, facilitates the distribution of both processed and unprocessed dry fruit products.
The company provides a broad selection of dry fruits in different grades and varieties sourced from multiple regions. It follows internal quality assurance measures to ensure that products comply with prescribed quality standards before reaching customers.
Adon Agro’s business strategy is centered on addressing the increasing demand for healthy and nutritious food products while meeting the evolving preferences of health-conscious and lifestyle-oriented consumers.
The company markets and distributes its products through direct sales channels, wholesale and retail networks, large-format retail outlets, its proprietary online platform, and major e-commerce marketplaces. Backed by the extensive industry expertise of its promoters, Adon Agro continues to focus on enhancing its market reach and expanding its customer footprint across India.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹22.33 | ₹22.21 | ₹0.09 | ₹3.65 |
| 2024 | ₹72.92 | ₹70.36 | ₹1.79 | ₹20.22 |
| 2025 | ₹103.04 | ₹93.11 | ₹7.22 | ₹39.11 |
| Nov 2025 | ₹220.76 | ₹198.26 | ₹16.74 | ₹64.46 |
Mr. Narayanswamy Venkitkrishnan
Mrs. Jigisha Narayanswamy
Mr. Shubham Ratan Sharma
Integrated Operations Across the Value Chain: Oversees the complete process from procurement and imports to processing, packaging, and distribution, supporting enhanced quality management and value creation.
Advanced In-House Processing Infrastructure: Possesses internal capabilities for cleaning, grading, shelling, sorting, blending, and packaging, allowing product customization and the production of higher-value offerings.
Exposure to Import-Related Risks: The company relies considerably on imported raw materials, making it vulnerable to foreign exchange rate movements, changes in import policies, and disruptions in global supply chains.
High Working Capital Requirement: Operations require significant working capital to support large-scale procurement, inventory holding, and fluctuations in dry fruit commodity prices.
Funding incremental working capital requirements;
General Corporate Purpose
Adon Agro Commodities Ltd.
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://www.adonagrocommodities.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: aacl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Avoid