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Adon Agro Commodities Ltd
TradingIPOSME
₹70 - 70
Adon Agro Commodities Limited operates in the agro commodity trading and processing sector, primarily engaged in the sourcing, importing, processing, packing and distribution of dry fruits, nuts, seeds and berries. Our product portfolio includes almonds, cashews, walnuts, raisins, pistachios, dates, apricots and other allied products. We undertake procurement from domestic markets as well as international geographies including the United Arab Emirates, Afghanistan, Chile, the United States of America and Sri Lanka.
Lot2,000Min Invest₹2,80,000Face Value₹10Issue Size₹44 CrFresh Issue₹44 CrListing Price₹78CMP₹92
Timeline
29 Jun
Bidding opens
1 Jul
Bidding closes
2 Jul
Allotment
3 Jul
Refund & demat credit
6 Jul
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹44 Cr0.63 Cr shares
Fresh Issue₹44 Cr
Face Value₹10
Lot Size2,000 shares
ReservationQIB 1.07% · NII 49.38% · RETAIL 49.55%
Application Sizes
Retail₹2,80,0001-1 lots
sNII₹2,80,000from 2 lots
bNII₹11,20,000from 8 lots
Managers & Registrar
Lead ManagerGalactico Corporate Services Limited
RegistrarKFin Technologies Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group90.04%65.44%Public9.96%34.56%
Objects of the Issue
- Funding incremental working capital requirements
- General Corporate Purpose
Anchor Book
30-day lock-in31-Jul-202690-day lock-in29-Sep-2026
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 2 | 22 | 73 | 103 | 324 |
| Operating ProfitCr | 0 | 0 | 3 | 10 | 34 |
| OPM% | 5.4 | 2.1 | 3.5 | 10.1 | 10.6 |
| PBTCr | 0 | 0 | 3 | 10 | 31 |
| PATCr | 0 | 0 | 2 | 7 | 23 |
| EPS | 7 | 13 | 6 | 24 | - |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 3 | 3 | - |
| ReservesCr | 0 | 0 | 2 | 9 | - |
| BorrowingsCr | 0 | 0 | 7 | 5 | - |
| Total AssetsCr | 3 | 4 | 20 | 39 | - |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | - | 2 | -2 | 5 | -9 |
| Investing Cash FlowCr | - | 0 | 0 | -9 | -14 |
| Financing Cash FlowCr | - | -1 | 10 | -2 | 20 |
| Net Cash FlowCr | - | 0 | 8 | -7 | -3 |
Strengths & Risks
Strengths · as stated in the DRHP
- Diversified product portfolio.
- Extensive distribution network, arrangement with reputed chain stores and growing e-commerce channel.
- Experienced promoters and management team.
- Wide spread customer base across various segments.
- Established and strong sourcing base.
- Using dry fruits broken and shells and skins of the raw material to derive maximum value realisation.
Strategies · as stated in the DRHP
- Focus on Distribution Excellence.
- To expand the product range.
- To support National Initiatives.
Risks · as stated in the DRHP
- Substantial portion of the company revenues has been dependent upon few customers, with which its does not has any firm commitments. The loss of any one or more of the company major customers would has a material adverse effect on its business, cash flows, results of operations and financial condition.
- The company has competition from various organized and unorganized local suppliers which could results in the loss of market share and impact on its net revenue and profitability.
- The procurement and storage of the company products, spoilage and damage to such products or any contamination in its products are subject to regulatory action and damage the company reputation and has adverse effect on its business results in operations and financial conditions.
- The Company is involved in a pending writ petition before the Hon'ble Bombay High Court regarding the alleged undervaluation of imported goods, which may result in a significant financial liability of up to Rs. 444.45 lakhs including potential differential duty, penalty and redemption fines.
- The company is exposed to various costs, including shipping charges, transportation fees and warehouse expenses, which can impact its overall operational expenses and profitability.
- Substantial portion of the company revenue is generated from trading activities, which depends on third parties for sourcing the products.