Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
Mutual Funds
Invest in Mutual Funds
Invest in direct mutual funds at zero charges via lump sump investments or SIPs
Adon Agro Commodities Ltd IPO
Adon Agro Commodities Ltd
₹2,64,000 /4000 sharesMinimum investment
IPO details
Minimum investment
₹2,64,000
Price range
₹66 - ₹70
Lot size
2,000
Issue size
44.03 Cr
Face value
10
IPO document
Subscription rate
Data will be available soon
Schedule
29 Jun 2026
IPO open date
1 Jul 2026
IPO close date
2 Jul 2026
Allotment date
2 Jul 2026
Funds unblock or debit
6 Jul 2026
Tentative listing date
About
Founded in
2022
MD/CEO
Mr. Narayanswamy Venkitkrishnan
Parent organisation
Adon Agro Commodities Ltd
Adon Agro Commodities Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
The company claims to have established a global sourcing network with suppliers across Asia, the Middle East, Chile, California, and Australia. This sourcing network helps it procure a variety of dry fruits from multiple geographies and reduces dependence on a single sourcing region.
The company operates across both wholesale and retail segments of the dry fruits market. While it was initially engaged in wholesale trading, it has recently expanded into the retail segment through its Hunger Nuts brand, offering roasted almonds, cashews, pistachios, and other products.
Adon Agro follows a container-to-container inventory model, wherein it purchases and sells products in full container quantities. This business model may help streamline inventory handling and logistics operations.
The company claims to maintain quality assurance processes and testing mechanisms to monitor the quality of its products. It states that these processes are designed to ensure that products meet its prescribed quality standards.
Adon Agro has established operational infrastructure comprising a processing, packaging, and warehouse facility in Navi Mumbai, along with registered and corporate offices in Maharashtra and a branch office in Jaipur, Rajasthan. This presence supports its sourcing, storage, packaging, and distribution activities.
The company has reported strong growth in its financial performance over the last three fiscal years. Revenue from operations increased from Rs 22.33 crore in FY23 to Rs 72.57 crore in FY24 and Rs 103.03 crore in FY25. During the same period, EBITDA increased from Rs 0.47 crore in FY23 to Rs 2.85 crore in FY24 and Rs 10.31 crore in FY25, while profit after tax rose from Rs 0.08 crore in FY23 to Rs 1.81 crore in FY24 and Rs 7.23 crore in FY25.
The company is heavily dependent on trading activities for its revenue. Revenue from trading of dry fruits contributed Rs 103.03 crore, Rs 72.57 crore, and Rs 22.33 crore in FY25, FY24, and FY23, respectively. Any disruption in product sourcing, supplier relationships, or supply chain operations can negatively impact the company's business and financial performance.
The company generated more than 90% of its revenue during the last three financial years from Maharashtra, Madhya Pradesh, and New Delhi. Any adverse political, economic, regulatory, or social developments in these regions can negatively impact the company's business, financial condition, and growth prospects.
As of March 31, 2025, the company had trade receivables amounting to Rs 25.52 crore, compared to Rs 9.17 crore in FY24 and Rs 0.80 crore in FY23. Any failure to collect these receivables on time or at all could negatively impact the business and its financial condition.
As of March 31, 2025, the company had outstanding financial indebtedness of Rs 4.74 crore. Any failure to service or repay these borrowings can harm the company's operations and financial position.
The company recorded negative cash flow from operating activities amounting to Rs 1.57 crore in FY24. It also recorded negative cash flow from investing activities amounting to Rs 8.91 crore in FY25 and Rs 0.35 crore in FY23. Additionally, it recorded negative cash flow from financing activities amounting to Rs 2.34 crore in FY25 and Rs 0.96 crore in FY23. If cash outflows continue to exceed inflows, the company may face liquidity challenges in the future.
The company deals in food products meant for human consumption and is exposed to risks related to contamination, spoilage, storage damage, and quality issues. Any adverse product quality incident, regulatory action, or product recall can harm the company's reputation and adversely affect its business operations.
Application details
For Adon Agro Commodities IPO, eligible investors can apply as Individual investor.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Individual investor | ₹66 - ₹70 | ₹2 - ₹5 Lakhs | 2000 |