Adon Agro Commodities Ipo
Adon Agro Commodities IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Galactico Corporate Services Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | June 29, 2026 |
| IPO Close Date | July 1, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹66 to ₹70 Per Share |
| Issue Size | Approx ₹44.03 Crores |
| Fresh Issue | Approx ₹44.03 Crores |
| Issue Type | Bookbuilding Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 4,000 | ₹2,80,000 |
| Retail Maximum | 2 | 4,000 | ₹2,80,000 |
| S-HNI Minimum | 3 | 6,000 | ₹4,20,000 |
| S-HNI Maximum | 7 | 14,000 | ₹9,80,000 |
| B-HNI Minimum | 8 | 16,000 | ₹11,20,000 |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | 64,000 Shares | 1.02% |
| NII Shares Offered | 29,60,000 Shares | 47.06% |
| Retail Shares Offered | 29,50,000 Shares | 46.90% |
| IPO Open Date: | June 29, 2026 |
| IPO Close Date: | July 1, 2026 |
| Basis of Allotment: | July 2, 2026 |
| Refunds: | July 3, 2026 |
| Credit to Demat Account: | July 3, 2026 |
| IPO Listing Date: | July 6, 2026 |
| IPO Bidding Cut-off Time: | July 1, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,67,27,270 | 90.04% |
| Promoter Holding Post Issue | 2,30,17,270 | 65.44% |
| Purpose | Crores |
| Funding incremental working capital requirements; | ₹32 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹22.33 | ₹22.21 | ₹0.09 | ₹3.65 |
| 2024 | ₹72.92 | ₹70.36 | ₹1.79 | ₹20.22 |
| 2025 | ₹103.04 | ₹93.11 | ₹7.22 | ₹39.11 |
| Jan 2026 | ₹287.33 | ₹258.18 | ₹21.55 | ₹86.43 |
| KPI | Values |
| ROE: | 84.36% |
| ROCE: | 60.65% |
| EBITDA Margin: | 10.14% |
| PAT Margin: | 7.01% |
| Debt to equity ratio: | 0.39 |
| Earning Per Share (EPS): | ₹5.37 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 84.36% |
| Net Asset Value (NAV): | ₹40.57 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Leo Dry Fruits & Spices Trading Limited | 5.75 | 9.57 | 16.68% | 35.59 | – Cr. |
| Proventus Agrocom Limited | 10.50 | 114.29 | 5.86% | 377.12 | – Cr. |
| Krishival Food Limited | 6.07 | 50.74 | 4.08% | 63.55 | – Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |