Adon Agro Commodities IPO Review 2026: Listing Dates, Price Band, Allotment, & Overview
Adon Agro Commodities Limited is launching its SME IPO on the BSE SME platform. The company is engaged in sourcing, processing, packaging, marketing, and distribution of dry fruits and agro commodities across domestic and international markets. Its product portfolio includes almonds, cashews, walnuts, pistachios, raisins, dried dates, apricots, figs, and value-added dry fruit mixes sold under the company's proprietary brand, Hunger Nuts.
The company operates through multiple revenue channels including bulk B2B sales, wholesale distribution, corporate gifting, modern retail supply, exports, and direct-to-consumer online sales. The IPO proceeds are proposed to be utilized for business expansion and general corporate purposes as outlined in the offer documents.
Adon Agro Commodities IPO Details
| Particulars | Details |
|---|---|
| IPO Opening Date | June 29, 2026 |
| IPO Closing Date | July 1, 2026 |
| Issue Type | Book Built Issue |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 62,90,000 Shares (Up to ₹44.03 Crore) |
| Fresh Issue | 62,90,000 Shares (Up to ₹44.03 Crore) |
| Market Maker Reservation | 3,16,000 Shares |
| Listing Exchange | BSE SME |
| Lead Manager | Galactico Corporate Services Ltd. |
| Registrar | KFin Technologies Ltd. |
Adon Agro Commodities IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | June 29, 2026 |
| IPO Closes | July 1, 2026 |
| Basis of Allotment | July 2, 2026 |
| Refund Initiation | July 3, 2026 |
| Credit of Shares | July 3, 2026 |
| Listing Date | July 6, 2026 (Tentative) |
Lot Size & Investment Details
| Category | Lots | Shares | Investment Amount* |
|---|---|---|---|
| Retail (Minimum) | 2 | 4,000 | ₹2,80,000 |
| HNI (Indicative Minimum) | 3 | 6,000 | ₹4,20,000 |
*Calculated at the upper price band of ₹70 per share.
Refer to RHP for detailed information.
About Adon Agro Commodities Limited
Adon Agro Commodities Limited operates in the dry fruits and agro commodities industry with a diversified sourcing, processing, packaging, branding, and distribution model.
The company markets products across multiple categories including almonds, walnuts, pistachios, cashews, raisins, dried dates, apricots, figs, and premium dry fruit mixes. Products are sold under the company's retail brand Hunger Nuts and are available in multiple pack sizes ranging from retail packs to bulk commercial packaging.
The company has established sourcing relationships across India as well as international markets including the UAE, Afghanistan, USA, Chile, and Sri Lanka. Its processing facility at MIDC Mahape, Navi Mumbai, is equipped for cleaning, grading, sorting, roasting, flavouring, packaging, and value-added processing.
As of November 30, 2025, the company had a presence across 19 Indian states, commenced exports to the UAE, served 794 customers, and expanded its international footprint through a wholly-owned Dubai subsidiary.
Competitive Strengths
- Diversified dry fruit and agro commodity product portfolio.
- Multi-channel revenue model across B2B, retail, gifting, exports, and e-commerce.
- Established sourcing network across multiple international markets.
- Integrated processing and packaging facility in Navi Mumbai.
- Growing retail brand presence through Hunger Nuts.
- Expansion into export markets supported by Dubai-based subsidiary.
- Ability to offer customized corporate gifting solutions.
Risk Factors
- Business performance may be affected by fluctuations in commodity prices.
- Dependence on imports exposes operations to foreign exchange and geopolitical risks.
- Seasonal demand and consumer spending patterns may impact sales.
- Competition from organized and unorganized dry fruit brands could affect market share.
- Supply chain disruptions may impact raw material availability and margins.
- SME-listed securities may witness relatively lower liquidity compared to mainboard stocks.
Objects of the Issue
According to the offer documents, the company intends to utilize the net proceeds from the issue towards funding business growth initiatives, working capital requirements, expansion plans, and general corporate purposes.
IPO Allotment & Application Status
Registrar: Kfin Technologies Ltd.
- BSE Bid Status: https://www.bseindia.com/investors/appli_check.aspx
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Frequently Asked Questions (FAQs) - Adon Agro Commodities
1. What are the Adon Agro Commodities IPO dates?
The IPO opens on June 29, 2026 and closes on July 1, 2026.
2. What is the Adon Agro Commodities IPO price band?
The price band is ₹66 to ₹70 per share.
3. What is the lot size of Adon Agro Commodities IPO?
The lot size is 2,000 shares.
4. What is the minimum investment required for retail investors?
The minimum retail application size is 4,000 shares amounting to ₹2,80,000 at the upper price band.
5. Is Adon Agro Commodities IPO a fresh issue or OFS?
The IPO consists entirely of a fresh issue of shares.
6. Where will Adon Agro Commodities IPO be listed?
The shares are proposed to be listed on the BSE SME platform.
7. What products does Adon Agro Commodities sell?
The company deals in almonds, walnuts, pistachios, cashews, raisins, dried dates, figs, apricots, and value-added dry fruit products.
8. What is the Hunger Nuts brand?
Hunger Nuts is the company's proprietary retail brand under which it markets packaged dry fruits and related products.
9. Who is the registrar to the IPO?
KFin Technologies Limited is the registrar to the issue.
10. Should investors apply for Adon Agro Commodities IPO?
Investment decisions should be based on individual financial goals, risk tolerance, valuation assessment, and independent evaluation of the company's prospects and risks.
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