Adon Agro Commodities Ltd. Receives the BSE SME Approval for IPO
Adon Agro Commodities Ltd. has successfully obtained in-principle approval from Initial Public Offer (IPO) for its Draft Red Herring Prospectus (DRHP), paving the way for its Initial Public Offering (ipo).
consists solely of fresh issue of 0.63 crore equity shares worth ₹44.03 crores. with each share carrying a face value of ₹10.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding incremental working capital requirements | 32.00 |
| 2 | General Corporate Purpose | |
| Total | 32.00 |
The company officially filed its draft papers on March 27, 2026, marking another significant milestone in its journey towards raising funds through the IPO.
Financial Performance Highlights:
Adon Agro Commodities Ltd.’s total income grew by 41%, reached ₹103.04 crore in Mar 31, 2025, compared to ₹72.92 crore in Mar 31, 2024.
For the same period, profit after tax jumped 303% to ₹7.22 crore, compared to ₹1.79 crore.
For the latest period ended on Jan 31, 2026, its total income stood at ₹287.33 crore and PAT stood at ₹21.55 crore.
