Adon Agro Commodities IPO 2026: ₹44 Cr SME Issue Details

What is happening in the primary market

Adon Agro Commodities Limited, an integrated agro-commodity company and the parent of the dry fruits and nutritious seeds brand Hunger Nuts, is set to open its SME IPO next week. The issue is scheduled to open for subscription on June 29, 2026, and close on July 1, 2026. The company plans to list on the BSE SME platform.

The IPO is positioned as a fundraise to support day-to-day business requirements rather than a shareholder exit. It is a book-built issue and consists entirely of a fresh issue, with no Offer for Sale (OFS) by existing shareholders.

IPO structure: fresh issue with ₹44.03 crore target

Adon Agro Commodities plans to raise ₹44.03 crore through the issuance of 62.90 lakh fresh equity shares. The face value of each equity share is ₹10. Because the issue is fully a fresh issue, the capital raised flows to the company, subject to issue expenses.

At the upper end of the price band, the implied fundraise reaches the stated ₹44.03 crore figure. The company has also been described as planning to raise about ₹44 crore through this IPO, broadly consistent with the stated upper-band total.

Price band, lot size, and the retail ticket size

The price band has been set at ₹66 to ₹70 per equity share. The lot size is 2,000 shares. At the upper price band of ₹70, a single lot translates into an application amount of ₹1.40 lakh.

Some market disclosures also state that retail investors are required to apply for a minimum of 4,000 shares. If that minimum applies, the retail application amount at the upper price band comes to ₹2.80 lakh. The lot size remains 2,000 shares, so 4,000 shares would be two lots.

Key dates and expected listing schedule

The subscription window is three days, from June 29 to July 1, 2026. Multiple trackers have also published a post-issue schedule that includes the basis of allotment and listing dates. As per the published timeline, the basis of allotment is expected on July 2, with listing on July 6, 2026, on BSE SME.

Operationally, this timeline matters to applicants because it sets expectations for when funds may be unblocked in case of non-allotment and when allotted shares may be credited to demat accounts.

Where the money will be used

The company has said the net proceeds from the fresh issue will be used primarily for working capital and general corporate purposes. One disclosure specifically mentioned ₹32 crore proposed to be utilised towards working capital requirements. Another split presented the working capital component as 72.68% of the total.

Working capital use is typical for trading and integrated commodity businesses where inventory, procurement cycles, and receivables can create substantial funding needs. The general corporate purpose bucket usually covers routine corporate expenses and flexibility for business requirements, as allowed by the offer document.

Intermediaries handling the issue

Galactico Corporate Services Limited has been named as the book-running lead manager for the IPO. KFin Technologies Limited has been stated as the registrar to the issue.

These intermediaries manage the IPO process, including bid management, compliance, and processing of applications and allotment-related communication.

What the company sells: Hunger Nuts dry fruits and seeds

Adon Agro Commodities operates in the nuts and seeds segment under the brand name Hunger Nuts, according to the published details. The company is described as an integrated agro-commodity company, indicating involvement across parts of the supply chain rather than a single-stage operation.

For investors tracking SME issues, understanding the underlying business category helps frame working capital intensity and the potential sensitivity to commodity price movements, procurement seasonality, and distribution dynamics.

Promoters and other published details

Published IPO information lists the promoters as Narayanswamy Venkitkrishnan, Shubham Ratan Sharma, and Jigisha Narayanswamy.

The company’s registered office address has been published as Office No. I-3029, 3rd floor, Akshar Business Park, Plot No. 3, Sector 25, Navi Mumbai, Maharashtra 400703.

Reported reservation mix: figures differ across disclosures

Two different reservation break-ups have been published across the provided information. One report stated that of the total issue size, 1.07% was reserved for QIBs, 49.3% for non-institutional investors (NIIs), and 49.55% for retail investors. Another disclosure stated the allocation as 50.0% for QIBs, 15.0% for non-individual investors or HNIs, and 35.0% for retail investors.

Investors typically rely on the final offer document and exchange filings for the definitive category-wise allocation and eligibility rules. The presence of differing figures in public trackers is a reminder to verify the final numbers from the official documents before applying.

Quick facts table

Why this SME IPO matters for investors tracking small issues

The Adon Agro Commodities IPO is a relatively straightforward SME fundraising, with proceeds earmarked for working capital and routine corporate needs rather than inorganic expansion or promoter exits. The all-fresh-issue structure makes the use-of-funds and working capital requirement central to the investment case.

For applicants, the practical decision points are the issue price range, the effective retail ticket size based on the minimum share requirement, and the short subscription window. With the issue proposed to list on BSE SME, investors also typically consider SME-specific factors such as liquidity and the trading lot structure post-listing.

Closing take

Adon Agro Commodities’ BSE SME IPO opens on June 29, 2026, with a ₹66 to ₹70 price band and a ₹44.03 crore fundraise target through a fresh issue of 62.90 lakh shares. The company has said proceeds will be used for working capital and general corporate purposes, with listing on BSE SME expected as per the published schedule on July 6, 2026.