The Initial Public Offering (IPO) of Adon Agro Commodities Ltd. opened for bidding today. As per the BSE SME, the IPO has been subscribed 0.28 times, with bids pouring in for 0.17 crore shares, against the 0.60 crore shares on offer.
The company aims to raise ₹44.03 crores through fresh issue of 0.63 crore equity shares. Shares are offered at a price band of ₹66 to ₹70 per share. Investors can bid for a minimum of 4,000 equity shares and in multiples of 2,000 shares.
Adon Agro Commodities Ltd. IPO: Category-wise Subscription
Subscription levels showed participation from Retail Investors at 0.19 times and Non-Institutional Investors (NIIs) at 0.38 times. Within the NII segment, small NIIs bidding up to Rs 10 Lakhs subscribed 0.05 times, while big NIIs applying above Rs 10 Lakhs subscribed 0.55 times. The Qualified Institutional Buyers (QIBs) segment subscribed 0.00 times on Day 1.
Galactico Corporate Services Ltd. acts as the book-running lead manager to the issue, while Kfin Technologies Ltd. is the registrar of the IPO.
The IPO will remain open for subscription till Jul 1, 2026. Retail investors are required to apply for a minimum of 4,000 shares worth ₹2,80,000 while non-institutional investors (NIIs) must bid for a minimum investment of ₹4,20,000.
