Adon Agro Commodities Ltd.
ADONSME
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Overview
Adon Agro Commodities Limited operates in the dry fruits and agro-commodities segment, focusing on sourcing, importing, processing, packing and distributing almonds, walnuts, dates, pistachios, apricots, raisins, cashews, seeds and berries. Adon Agro Commodities Limited serves primarily B2B customers through containerised bulk sales, wholesale distribution, modern trade and exports, while also building a consumer presence under its Hunger Nuts brand across retail and digital channels. The company began in-house dry fruit processing in FY 2025-26 at its Navi Mumbai facility, adding value through grading, shelling, cracking, sorting, flavouring and packaging.
Opening Date
Jun 29, 2026
Closing Date
Jul 01, 2026
Listing Date
Jul 06, 2026
IPO Type
SME
IPO Status
Upcoming
Issue Size
—
Fresh Issue
44.03 Cr
Offer for Sale
0 Cr
Price Band
₹66 - ₹70
Lot Size
2000
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
IPO Objective
The main objectives of the issue are to strengthen the company’s operating base and support expansion of its dry fruits trading, processing and distribution activities.
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Fund incremental working capital requirements of the company, primarily to support higher procurement of raw and traded dry fruits, maintain adequate inventory levels, finance trade receivables, and manage advances to suppliers and other current assets as the business scales across trading, processing, retail and export channels.
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Provide working capital support for the expanded processing operations at the Navi Mumbai facility, including procurement of in-shell dry fruits, packaging materials, processing-related operating expenses, and maintenance of sufficient finished goods inventory for timely customer fulfilment.
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Support the company’s growth in retail, modern trade, corporate gifting and export segments, which require additional funding for longer operating cycles, wider product availability, customer credit support, logistics and market expansion.
- •
Meet general corporate purposes, which may include strategic business requirements, brand promotion, operational strengthening, partnerships, potential joint ventures or acquisitions, refurbishment of facilities, repayment of on-demand liabilities if required, and other approved corporate needs, subject to applicable limits and regulations.
Key Performance Indicator
P/E Ratio
16.22
EPS
4.32
ROE
75.94%
ROCE
60.09%
RONW
75.94%
Debt to Equity Ratio
—
PAT Margin
7.6%
EBITDA Margin
10.87%
P/B
1.73
SWOT Analysis
Strengths
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Integrated model covering sourcing, importing, processing, packaging and distribution gives better control over quality and value addition.
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Diversified product portfolio across dry fruits, nuts, mixes and packaged offerings supports multiple customer segments and channels.
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New in-house processing capabilities enable higher-margin value-added products beyond pure trading activities.
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Multi-channel presence across bulk B2B, wholesale, modern trade, exports and D2C reduces reliance on a single sales avenue.
Weaknesses
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Operating history is relatively short, with the company incorporated only in 2022.
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Business remains working-capital intensive because of procurement cycles, inventory holding and receivable funding needs.
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A meaningful share of sourcing depends on imports, exposing operations to currency and global logistics risks.
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Scale remains smaller than established national branded competitors, limiting bargaining power in some areas.
Opportunities
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Growing consumer demand for hygienic, packaged and value-added dry fruits can support expansion of branded offerings.
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Expansion of modern trade, e-commerce and quick-commerce can improve retail reach and brand visibility for Hunger Nuts.
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Corporate gifting and festive hamper demand offers a scalable higher-value sales vertical.
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Geographic expansion within India and deeper export penetration can broaden the company’s revenue base.
Threats
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Commodity price volatility in nuts and dry fruits can pressure margins and working capital requirements.
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Intense competition from organised brands as well as unorganised traders can create pricing pressure.
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Changes in food safety, import duty, customs or regulatory requirements can increase compliance and sourcing costs.
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International supply chain disruptions, freight inflation and geopolitical events can affect procurement and delivery timelines.
Subscription Rate
Frequently Asked Questions about Adon Agro Commodities Ltd.
Adon Agro Commodities Limited operates in the dry fruits and agro-commodities segment, focusing on sourcing, importing, processing, packing and distributing almonds, walnuts, dates, pistachios, apricots, raisins, cashews, seeds and berries. Adon Agro Commodities Limited serves primarily B2B customers through containerised bulk sales, wholesale distribution, modern trade and exports, while also building a consumer presence under its Hunger Nuts brand across retail and digital channels. The company began in-house dry fruit processing in FY 2025-26 at its Navi Mumbai facility, adding value through grading, shelling, cracking, sorting, flavouring and packaging.
The Adon Agro Commodities Ltd. IPO is scheduled to open for subscription on Jun 29, 2026 and close on Jul 01, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Adon Agro Commodities Ltd. IPO is ₹66 to ₹70. Investors can place bids within this range once the issue opens.
The minimum lot size for the Adon Agro Commodities Ltd. IPO is 2000 shares. The minimum investment amount ₹1,40,000.
The total issue size of the Adon Agro Commodities Ltd. IPO is will be disclosed closer to the issue opening. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Adon Agro Commodities Ltd. IPO has been subscribed data will be available once the issue opens. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Adon Agro Commodities Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Adon Agro Commodities Ltd. are expected to list on stock exchanges on Jul 06, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Adon Agro Commodities Ltd. IPO are proposed to be used for The main objectives of the issue are to strengthen the company’s operating base and support expansion of its dry fruits trading, processing and distribution activities., Fund incremental working capital requirements of the company, primarily to support higher procurement of raw and traded dry fruits, maintain adequate inventory levels, finance trade receivables, and manage advances to suppliers and other current assets as the business scales across trading, processing, retail and export channels., Provide working capital support for the expanded processing operations at the Navi Mumbai facility, including procurement of in-shell dry fruits, packaging materials, processing-related operating expenses, and maintenance of sufficient finished goods inventory for timely customer fulfilment., Support the company’s growth in retail, modern trade, corporate gifting and export segments, which require additional funding for longer operating cycles, wider product availability, customer credit support, logistics and market expansion., Meet general corporate purposes, which may include strategic business requirements, brand promotion, operational strengthening, partnerships, potential joint ventures or acquisitions, refurbishment of facilities, repayment of on-demand liabilities if required, and other approved corporate needs, subject to applicable limits and regulations.
Before applying for the Adon Agro Commodities Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
