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Adon Agro Commodities IPO vs Workmates Core2Cloud IPO

Comparison between Adon Agro Commodities IPO and Workmates Core2Cloud IPO.

IPO Details

Adon Agro Commodities IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Workmates Core2Cloud IPO is a SME Bookbuilding proposed to list at BSE SME.

 Adon Agro Commodities IPOWorkmates Core2Cloud IPO
LogoAdon Agro Commodities IPO LogoWorkmates Core2Cloud IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersGalactico Corporate Services Ltd.Horizon Management Pvt.Ltd.
RegistrarKfin Technologies Ltd.MUFG Intime India Pvt.Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP
Final ProspectusFinal Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

The total issue size of Adon Agro Commodities IPO is up to ₹0.00 Cr whereas the issue size of the Workmates Core2Cloud IPO is up to ₹66.34 Cr. The final issue price of Adon Agro Commodities IPO is and of Workmates Core2Cloud IPO is ₹204.00 per share.

 Adon Agro Commodities IPOWorkmates Core2Cloud IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹200.00 per share
Issue Price (Upper)₹204.00 per share
Issue Price (Final)₹204.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size600 shares
Fresh Issue Size65,00,000 shares27,37,200 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹55.84 Cr
OFS Issue Size0 shares5,14,800 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹10.50 Cr
Issue Size Total65,00,000 shares32,52,000 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹66.34 Cr

IPO Timetable

Adon Agro Commodities IPO opens on , while Workmates Core2Cloud IPO opens on Nov 11, 2025. The closing date of Adon Agro Commodities IPO and Workmates Core2Cloud IPO is , and Nov 13, 2025, respectively.

 Adon Agro Commodities IPOWorkmates Core2Cloud IPO
Anchor Bid DateNov 10, 2025
Issue OpenNov 11, 2025
Issue CloseNov 13, 2025
Basis Of Allotment (Tentative)Nov 14, 2025
Initiation of Refunds (Tentative)Nov 17, 2025
Credit of Share (Tentative)Nov 17, 2025
Listing date (Tentative)Nov 18, 2025
Anchor Lockin End date 1Dec 13, 2025
Anchor Lockin End date 2Feb 11, 2026

Financials & KPIs

Adon Agro Commodities IPO P/E ratio is , as compared to Workmates Core2Cloud IPO P/E ratio of 14.66.

 Adon Agro Commodities IPOWorkmates Core2Cloud IPO
Financials

Company Financials (Restated)

Period Ended30 Nov 202531 Mar 202531 Mar 202431 Mar 2023
Assets64.4639.1120.223.65
Total Income220.76103.0472.9222.33
Profit After Tax16.747.221.790.09
EBITDA31.9110.452.840.47
NET Worth25.6312.174.950.26
Reserves and Surplus25.639.171.950.16
Total Borrowing7.274.746.96
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Aug 202531 Mar 202531 Mar 202431 Mar 2023
Assets69.4462.1624.5711.14
Total Income59.55108.3953.5329.14
Profit After Tax7.2213.935.351.86
EBITDA10.6219.057.702.70
NET Worth30.1022.898.963.61
Reserves and Surplus20.0922.888.953.60
Total Borrowing8.688.79
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)93.9398.1
Promoter Shareholding (Post-Issue)72.02
P/E Ratio14.66
Market Cap₹263.54 Cr.
ROE84.3667.44
ROCE60.6564.61
Debt/Equity0.390.38
EPS₹4.32₹13.91
RoNW84.3660.85

Shares Offered

In the Adon Agro Commodities IPO Retail Individual Investors (RII) are offered 0 shares while in Workmates Core2Cloud IPO retail investors are offered 0 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Adon Agro Commodities IPO and 6,62,400 shares in Workmates Core2Cloud IPO.

 Adon Agro Commodities IPOWorkmates Core2Cloud IPO
Anchor Investor Reservation0 shares9,60,000 shares
Market Maker Reservation0 shares1,71,600 shares
QIB0 shares6,62,400 shares
NII0 shares4,89,600 shares
RII0 shares11,40,000 shares
Employee0 shares0 shares
Others
Total0 shares32,52,000 shares

Bids Received (Subscription)

Adon Agro Commodities IPO subscribed in total, whereas Workmates Core2Cloud IPO subscribed 99.64x.

 Adon Agro Commodities IPOWorkmates Core2Cloud IPO
QIB (times)147.03x
NII (times)202.96x
Big NII (times)244.88x
Small NII (times)119.11x
RII (times)111.64x
Employee (times)
Other (times)
Total (times)99.64x

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Compare:

Adon Agro Commodities IPO Vs Workmates Core2Cloud IPO