Adon Agro IPO GMP Today, Price & Details
Adon Agro IPO GMP Today, Price Band, Subscription Status, Allotment & Listing Details
About Adon Agro
Adon Agro operates in India's agriculture-linked business space, dealing in agri commodities and related products — a sector tied to the country's vast farm economy and food supply chain. Agri-businesses tend to run on high volumes and thinner margins, with returns driven by turnover and working-capital efficiency. The IPO was an SME offering on the BSE, sized at ₹44.03 Cr and priced at ₹66–70 per share with a face value of ₹10.
The financials are genuinely eye-catching. Revenue of ₹287.16 Cr and net profit of ₹21.55 Cr come with an exceptional RONW of 84.36% and a 60.65% ROCE — extraordinarily high returns on capital — while the EBITDA margin of 10.14% is typical of a high-turnover agri model.
This was a 100% fresh issue, so the entire ₹44.03 Cr goes into the business — useful working capital for a volume-driven agri operation looking to scale.
Adon Agro IPO — Investment Analysis
At the upper band of ₹70, Adon Agro was valued at just 5.88x earnings on a strong EPS of ₹11.24 — strikingly cheap. A single-digit P/E for a business earning an 84% RONW is the kind of value proposition that gets attention.
The financial profile is unusual in the best way. The combination of a modest 10.14% margin with an 84.36% RONW and 60.65% ROCE points to a highly capital-efficient, high-turnover model — the business does a lot of trade on a small capital base. Revenue of ₹287.16 Cr gives it real scale for an SME.
The risks are the flip side of that model. High-turnover agri trading typically runs on thin margins and heavy working capital, so returns can be volatile and sensitive to commodity prices, receivables, and credit cycles. The very high RONW may also be hard to sustain as equity grows after the raise.
Investors clearly liked the value, subscribing the issue 22.47x overall. With the listing still ahead at the time of writing, the cheap valuation and strong returns were the core draw. Our IPO profit calculator can help size a position. Investors should consult a SEBI-registered financial advisor before making investment decisions.
Disclaimer: This analysis is auto-generated from publicly available financial data and should not be considered investment advice. Always consult a SEBI-registered financial advisor before making investment decisions.
Adon Agro IPO — Pros & Cons
Strengths
- A strikingly cheap valuation at just 5.88x earnings on an EPS of ₹11.24 — rare value for a profitable, growing business.
- Exceptional capital efficiency, with an 84.36% RONW and 60.65% ROCE from a lean, high-turnover model.
- Real scale for an SME, with revenue of ₹287.16 Cr and net profit of ₹21.55 Cr.
- A 100% fresh issue means the full ₹44.03 Cr supports working capital and growth.
- Solid demand, with the issue subscribed 22.47x overall, reflecting interest in the value on offer.
Risks
- Thin margins are inherent to high-turnover agri trading, leaving little cushion if commodity prices or spreads move against the company.
- The exceptional 84.36% RONW may prove hard to sustain as the equity base grows after the fresh raise.
- Agri-linked businesses carry commodity-price, receivables, and working-capital risks that can make earnings volatile.
- As an SME, post-listing liquidity is thin and the large per-lot ticket limits participation.
- Incomplete subscription-category data makes it harder to gauge the balance of institutional versus retail demand.
Adon Agro IPO Details
| Company Name | Adon Agro |
|---|---|
| IPO Type | SME |
| Exchange | BSE |
| Price Band | ₹66 - ₹70 |
| Face Value | ₹10 per share |
| Lot Size | 2000 shares |
| Min Investment | ₹140,000 |
| Total Issue Size | ₹44.03 Cr |
|---|---|
| Fresh Issue | ₹44.03 Cr |
| Registrar | Kfin Technologies Ltd. |
| Lead Manager | List of Issues managed, Galactico Corporate Services Ltd. |
| IPO Status | Listed |
Adon Agro IPO Dates
Adon Agro IPO Subscription Status
Day-wise Subscription Trend
| Date | Retail | NII/HNI | QIB | Total |
|---|---|---|---|---|
| 01 Jul 2026 | 0.84x | 1.51x | 22.47x | 1.41x |
| 30 Jun 2026 | 0.39x | 0.70x | 22.47x | 0.78x |
| 29 Jun 2026 | 0.29x | 0.43x | 11.88x | 0.48x |
Adon Agro IPO Listing Performance
Adon Agro IPO listed on BSE on 06 Jul 2026 at ₹78, a premium of 11.8% over the issue price of ₹70. Investors who received allotment made a profit of ₹16,500 per lot (2000 shares) on listing day.
Adon Agro IPO — Key Highlights
- Agri-business SME, BSE IPO of ₹44.03 Cr.
- Strikingly cheap at 5.88x earnings on an EPS of ₹11.24.
- Exceptional 84.36% RONW and 60.65% ROCE.
- Real scale, with revenue of ₹287.16 Cr.
- A 100% fresh issue of ₹44.03 Cr.
- Subscribed 22.47x overall.
Adon Agro Financial Performance
| Metric (₹ Cr) | FY 2023 | FY 2024 | FY 2025 | 10M FY 2026 |
|---|---|---|---|---|
| Revenue | 22.33 | 72.57 | 103.04 | 287.16 |
| Expenses | 22.21 | 70.36 | 93.11 | 258.18 |
| Net Income (PAT) | 0.09 | 1.79 | 7.22 | 21.55 |
| Margin (%) | 0.40% | 2.47% | 7.01% | 7.50% |
Adon Agro IPO Valuations & Key Metrics
Valuation Ratios
| EPS | ₹11.24 |
|---|---|
| P/E Ratio | 5.88x |
| NAV | ₹40.57 |
| Current Ratio | 8,211.00 |
| Debt/Equity | 0.390 |
Return Metrics
| RONW (%) | 84.36% |
|---|---|
| ROCE (%) | 60.65% |
| EBITDA Margin | 10.14% |
Adon Agro IPO Reservation / Allocation
Adon Agro IPO Anchor Investors
| Bid Date | Coming soon |
|---|---|
| Shares Offered | Coming soon |
| Anchor Portion (INR Cr.) | Coming soon |
| Anchor lock-in period end date for 50% shares (30 Days) | Coming soon |
| Anchor lock-in period end date for remaining shares (90 Days) | Coming soon |
Adon Agro IPO Lead Manager & Registrar
Book Running Lead Manager
List of Issues managed, Galactico Corporate Services Ltd.
IPO Registrar
Kfin Technologies Ltd.
Adon Agro IPO — Frequently Asked Questions
What is Adon Agro IPO GMP today?
As of today, the Grey Market Premium (GMP) for Adon Agro IPO is not available at this time. GMP values are updated daily based on grey market activity.
What is the price band and lot size of Adon Agro IPO?
Adon Agro IPO has a price band of ₹66 to ₹70 per equity share with a face value of ₹10. The minimum lot size is 2000 shares, requiring a minimum investment of ₹140,000 at the upper band.
What are the important dates for Adon Agro IPO?
Adon Agro IPO opens for subscription on 29 Jun 2026 and closes on 01 Jul 2026. Allotment is expected on 02 Jul 2026. The shares are expected to list on BSE on 06 Jul 2026.
What is the investor category allocation in Adon Agro IPO?
The shares are reserved as follows — Qualified Institutional Buyers (QIB): 1.07%, Non-Institutional Investors (NII/HNI): 49.38%, and Retail Individual Investors: 49.55%.
How can I apply for Adon Agro IPO?
You can apply for Adon Agro IPO through your bank's net banking ASBA facility or via UPI-based application through any stockbroker platform. Ensure you have sufficient funds in your bank account as the amount will be blocked until allotment. The registrar for this IPO is Kfin Technologies Ltd..
What is the subscription status of Adon Agro IPO?
Adon Agro IPO has been subscribed 22.47 times overall. Retail category: 0.00x, NII/HNI: 0.00x, QIB: 22.47x.
What was Adon Agro IPO's price band and lot size?
Adon Agro was priced at ₹66 to ₹70 per share, with a lot of 2,000 shares — a per-lot value of about ₹1.40 lakh at the upper band. The face value was ₹10.
Why was Adon Agro IPO considered cheap?
At just 5.88x earnings on an EPS of ₹11.24, its valuation was strikingly low for a business earning an 84.36% RONW — a rare value combination that drew a 22.47x subscription.
How can Adon Agro have such a high RONW?
It runs a high-turnover, low-margin agri model that does a large volume of trade on a lean capital base, which mathematically produces very high returns on net worth — though such levels can be hard to sustain as equity grows.
What are the key risks in Adon Agro IPO?
Thin margins, commodity-price and working-capital volatility, and the difficulty of sustaining an 84% RONW post-raise are the main risks, along with thin SME liquidity.