Adon Agro Commodities IPO vs Vegorama Punjabi Angithi IPO

Comparison between Adon Agro Commodities IPO and Vegorama Punjabi Angithi IPO.

IPO Details

Adon Agro Commodities IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Vegorama Punjabi Angithi IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Adon Agro Commodities IPO is up to ₹41.82 Cr whereas the issue size of the Vegorama Punjabi Angithi IPO is up to ₹36.44 Cr. The final issue price of Adon Agro Commodities IPO is ₹70.00 per share and of Vegorama Punjabi Angithi IPO is ₹77.00 per share.

 Adon Agro Commodities IPOVegorama Punjabi Angithi IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹66.00 per share₹73.00 per share
Issue Price (Upper)₹70.00 per share₹77.00 per share
Issue Price (Final)₹70.00 per share₹77.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size59,74,000 shares37,36,000 shares
Fresh Issue Size (Amount)up to ₹41.82 Crup to ₹28.77 Cr
OFS Issue Size0 shares9,96,800 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹7.68 Cr
Issue Size Total59,74,000 shares47,32,800 shares
Issue Size Total (Amount)up to ₹41.82 Crup to ₹36.44 Cr

IPO Timetable

Adon Agro Commodities IPO opens on Jun 29, 2026, while Vegorama Punjabi Angithi IPO opens on May 20, 2026. The closing date of Adon Agro Commodities IPO and Vegorama Punjabi Angithi IPO is Jul 01, 2026, and May 22, 2026, respectively.

 Adon Agro Commodities IPOVegorama Punjabi Angithi IPO
Anchor Bid DateMay 19, 2026
Issue OpenJun 29, 2026May 20, 2026
Issue CloseJul 01, 2026May 22, 2026
Basis Of Allotment (Tentative)Jul 02, 2026May 25, 2026
Initiation of Refunds (Tentative)Jul 03, 2026May 26, 2026
Credit of Share (Tentative)Jul 03, 2026May 26, 2026
Listing date (Tentative)Jul 06, 2026May 27, 2026
Anchor Lockin End date 1Jun 23, 2026
Anchor Lockin End date 2Aug 22, 2026

Financials & KPIs

Adon Agro Commodities IPO P/E ratio is 16.22, as compared to Vegorama Punjabi Angithi IPO P/E ratio of 11.82.

 Adon Agro Commodities IPOVegorama Punjabi Angithi IPO
Financials

Company Financials (Restated)

Period Ended31 Jan 202631 Mar 202531 Mar 202431 Mar 2023
Assets86.4339.1120.223.65
Total Income287.33103.0472.9222.33
Profit After Tax21.557.221.790.09
EBITDA31.2810.452.840.47
NET Worth36.7212.174.950.26
Reserves and Surplus30.459.171.950.16
Total Borrowing10.194.746.96
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202531 Mar 202531 Mar 202431 Mar 2023
Assets31.8124.7718.355.59
Total Income105.35102.0666.3716.91
Profit After Tax9.048.224.640.84
EBITDA12.4010.866.041.16
NET Worth23.3714.346.121.47
Reserves and Surplus10.7514.296.071.42
Total Borrowing3.625.054.000.23
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)90.0499.41
Promoter Shareholding (Post-Issue)65.4469.51
P/E Ratio16.2211.82
Market Cap₹161.12 Cr.₹127.90 Cr.
ROE84.3680.39
ROCE60.6576.03
Debt/Equity0.39
EPS₹4.32₹6.51
RoNW84.3680.39

Shares Offered

In the Adon Agro Commodities IPO Retail Individual Investors (RII) are offered 29,60,000 shares while in Vegorama Punjabi Angithi IPO retail investors are offered 29,60,000 shares. Qualified Institutional Buyers (QIB) are offered 64,000 shares in Adon Agro Commodities IPO and 9,48,800 shares in Vegorama Punjabi Angithi IPO.

 Adon Agro Commodities IPOVegorama Punjabi Angithi IPO
Anchor Investor Reservation0 shares14,16,000 shares
Market Maker Reservation3,16,000 shares2,51,200 shares
QIB64,000 shares9,48,800 shares
NII29,50,000 shares7,10,400 shares
RII29,60,000 shares16,57,600 shares
Employee0 shares0 shares
Others
Total59,74,000 shares47,32,800 shares

Bids Received (Subscription)

Adon Agro Commodities IPO subscribed 1.35x in total, whereas Vegorama Punjabi Angithi IPO subscribed 24.63x.

 Adon Agro Commodities IPOVegorama Punjabi Angithi IPO
QIB (times)22.47x26.46x
NII (times)1.41x63.93x
Big NII (times)1.82x77.50x
Small NII (times)0.57x36.79x
RII (times)0.84x27.79x
Employee (times)
Other (times)
Total (times)1.35x24.63x

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