Adon Agro Commodities came to market through an SME IPO that opened on 29 June 2026 and closed on 1 July 2026, and the shares listed on 6 July 2026 on BSE SME. The price band was ₹66 to ₹70 per share and one lot was 2000 shares, so the minimum application was ₹1,40,000. The issue size was ₹44.03 crore. The whole issue was fresh shares, so the money raised went to the company. Kfin Technologies Limited Reservation Category:
Ind : 47% HNI : 46% QIB : 1.02% was the registrar to the issue, and Galactico Corporate Services Ltd was the lead manager.
As of 1 July 2026.
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Products in the Company's portfolio include almonds, cashews, walnuts, pistachios, raisins, dates, apricots, figs, and dry fruits' blends in various grades, types, and packing capacities. Products include those sold in bulk unprocessed form as well as processed products that are packed under the Company's retail brand 'Hunger Nuts', which provides different variants in packing capacities of 250 grams to 30 kilograms.
The Company also indulges in corporate gifting as well as festival gifts in the form of dry fruit hamper as well as custom assortments. The Company sources its raw material both from domestic markets as well as international markets from countries including UAE, Afghanistan, USA, Chile, and Sri Lanka.
The processing plant inhouse of the Company situated in MIDC, Mahape, Navi Mumbai is capable of carrying out operations like mechanical de-shelling of almonds, manual de-shelling and grading of walnuts, cleaning, sorting, roasting, flavouring, and packing. The Company has started processing operations in FY 2025-26, with the capacity of processing 4,800 tonnes per year for almonds and 2,000 tonnes per year for walnuts.
Until November 30, 2025, the company was present in 19 states of India and also had initiated export activities to UAE. The company has established a wholly owned subsidiary of name Adon Agro Trading L.L.C. in Dubai, UAE until November 2025 to improve their international procurement and distribution operations. The company had 794 customers until November 30, 2025, whereas it was serving 101 customers during the fiscal year of 2024-25.
Until November 30, 2025, the total number of employees, including the directors of the company, is 51.
As described in the offer document.
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Mr. Narayanswamy Venkitkrishnan, Mrs. Jigisha Narayanswamy, Mr. Shubham Ratan Sharma. Promoter holding 90.04% before the issue and 65.44% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Adon Agro Commodities IPO was a ₹44.03 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹66–₹70 per share with a lot size of 2,000 shares; the minimum retail application was 4,000 shares (₹2,80,000). The IPO was open from June 29 to July 1, 2026 and was subscribed 1.41x. Shares listed on BSE SME on July 6, 2026 at ₹78.25, a 11.8% premium to the issue price of ₹70. Kfin Technologies Limited is the registrar.
Galactico Corporate Services Ltd. is the book running lead manager.
The price band of Adon Agro Commodities IPO is ₹66 to ₹70 per share.
The lot size of Adon Agro Commodities IPO is 2000 shares.
The minimum investment for Adon Agro Commodities IPO is approximately ₹2,80,000 based on the upper price band.
The allotment date of Adon Agro Commodities IPO is Jul 2, 2026.
You can check Adon Agro Commodities IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Adon Agro Commodities IPO allotment status on Rupix for quick and easy access.
₹66 to ₹70 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 2000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,40,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,40,000, for one lot of 2000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 29 June 2026 and closed on 1 July 2026.
The basis of allotment was published on 2 July 2026 by Kfin Technologies Limited Reservation Category: Ind : 47% HNI : 46% QIB : 1.02%, and allotted shares were credited to demat accounts before listing.
The shares listed on 6 July 2026 on BSE SME.
The issue size was ₹44.03 crore. The fresh issue was 62,90,000 shares (aggregating up to ₹44.03 crore).