73  Total SME IPOs listed in 2025

3,196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

Adon Agro Commodities Limited IPO Analysis

Adon Agro Commodities IPO is a Book Building listing on BSE SME exchange, with an ipo size of ₹ [●] Cr. The company is based in Mumbai and caters to Agro sector. AFCO Capital India is the merchant banker of Adon Agro Commodities IPO. It is a SME Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 5th June 2025.

Adon Agro Commodities IPO posted revenues of ₹ 103.03 crores and PAT of ₹ 7.23 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 103.03 Cr.
            EBITDA: ₹ 10.44 Cr.
            PAT: ₹ 7.23 Cr.
  • EBITDA Margin: 10.13 %
            Pat Margin: 7.02 %
  • Net Worth: ₹ 12.19 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: 0.18 times
Nature of IPO : SME Upcoming
Exchange : BSE SME
IPO Type : Book Building

Adon Agro IPO Financial Performance (Restated)

Financial results of Adon Agro Commodities IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY25 FY24 FY23
Balance Sheet
Assets 39.03 19.78 3.57
Net Worth 12.19 4.96 0.25
Total Debt 4.74 6.96 [●]
Profit & Loss
Revenue
Revenue on annualised basis
103.03 72.57 22.33
EBITDA
EBITDA on annualised basis
10.44 2.89 0.47
PAT
PAT on annualised basis
7.23 1.81 0.08
Financials
FY25
FY24
FY23
Balance Sheet
Assets
39.03
19.78
3.57

Net Worth
12.19
4.96
0.25

Total Debt
4.74
6.96
[●]

Profit & Loss
Revenue
Revenue on annualised basis
103.03
103.03
72.57
22.33

EBITDA
EBITDA on annualised basis
10.44
10.44
2.89
0.47

PAT
PAT on annualised basis
7.23
7.23
1.81
0.08

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Adon Agro IPO Key performance Indicators (KPI)

Adon Agro Commodities IPO PAT Margin is 7.02 % , ROCE (Return on Capital Employed) is 59.19 % as per latest financial. The below table shows Adon Agro Commodities IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY25 FY24 FY23
EBITDA Margin (%) 10.13 3.98 2.10
PAT Margin (%) 7.02 2.49 0.36
EPS (₹) 24.11 53.01 8.19
ROE (%) 59.31 36.49 32.00
ROCE (%) 59.19 38.33 52.67
ROA (%) 18.52 9.15 2.24
Debt to Equity 0.39 1.40 [●]
Particulars
FY25
FY24
FY23

EBITDA Margin (%)
10.13
3.98
2.10

PAT Margin (%)
7.02
2.49
0.36

EPS (₹)
24.11
53.01
8.19

ROE (%)
59.31
36.49
32.00

ROCE (%)
59.19
38.33
52.67

ROA (%)
18.52
9.15
2.24

Debt to Equity (x)  
0.39
1.40
[●]

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Adon Agro Commodities IPO Valuation Metrics

The market Capitalisation of Adon Agro Commodities IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
[●]

P/B (times) :
[●]

NAV (₹) :
40.65

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Adon Agro prospectus?

The Adon Agro Commodities IPO prospectus highlights an Return on Equity (ROE) of 15 %, Return on Assets (ROA) of 12 %, and an EBITDA Margin of 18 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Adon Agro IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Adon Agro Commodities IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Adon Agro IPO ?

The post-IPO market capitalisation of Adon Agro Commodities IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Adon Agro IPO?

The Adon Agro Commodities IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Adon Agro Commodities IPO?

Adon Agro Commodities IPO reported revenue of ₹ 103.03 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Adon Agro Commodities IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Adon Agro Commodities IPO?

Adon Agro Commodities recorded an EBITDA of ₹ 10.44 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Adon Agro Commodities IPO?

Adon Agro Commodities Profit After Tax (PAT) is ₹ 7.23 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 103.03 Cr.
            EBITDA: ₹ 10.44 Cr.
            PAT: ₹ 7.23 Cr.
  • EBITDA Margin: 10.13 %
            Pat Margin: 7.02 %
  • Net Worth: ₹ 12.19 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: 0.18 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Adon Agro Commodities operates in Agro and Operates In The Agro-commodity Trading Industry. The Issue is listed on BSE SME in Jun, 2025. Adon Agro Commodities IPO size was with Issue price of .

Adon Agro Commodities IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Adon Agro Commodities IPO listed at a listing price of against the offer price of .

The current market price of Adon Agro Commodities is .

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