Adon Agro Commodities IPO Day 1 Subscription Status: Issue Booked 0.24x So Far
Authored By HDFC SKY | Last Modified: Jun 29, 2026 04:30 PM IST
Mumbai, June 29: Adon Agro Commodities’ initial public offering (IPO) opened for bidding on Monday and had been subscribed 0.24 times by 12:49 PM on the first day of the issue. Demand was led by the Non-Institutional Investor (NII) category, while the Qualified Institutional Buyers (QIB) portion was yet to receive bids at the time of reporting.
The SME IPO is a book-built issue worth ₹44.03 crore, comprising a fresh issue of 62.90 lakh equity shares. The public issue will remain open until July 1, 2026, with the company’s shares proposed to be listed on the BSE SME platform.
Adon Agro Commodities IPO Day 1 Subscription Status
As of 12:49 PM on June 29, 2026 (Day 1), the IPO had received bids for 14.56 lakh shares against 59.74 lakh shares available for subscription, translating into an overall subscription of 0.24 times.
The NII segment was subscribed 0.37 times, supported mainly by bids from the bNII category. The Retail Individual Investors (RII) quota saw 0.13 times subscription, while the QIB (Ex-Anchor) portion remained unsubscribed.
Category-wise Adon Agro Commodities IPO Subscription Status
| Category | Shares Offered | Subscription (x) | Shares Bid For |
| QIB (Ex-Anchor) | 64,000 | 0.00 | 0 |
| NII (HNI) | 29,50,000 | 0.37 | 10,80,000 |
| • bNII (>₹10 lakh) | 19,66,000 | 0.55 | 10,74,000 |
| • sNII (<₹10 lakh) | 9,84,000 | 0.01 | 6,000 |
| Retail Investors | 29,60,000 | 0.13 | 3,76,000 |
| Total | 59,74,000 | 0.24 | 14,56,000 |
Adon Agro Commodities Day-wise Subscription Summary
| Date | QIB | NII | Retail | Total |
| June 29, 2026 (Day 1) | 0.00x | 0.37x | 0.13x | 0.24x |
Adon Agro Commodities IPO Timeline
| Event | Date |
| IPO Opens | June 29, 2026 |
| IPO Closes | July 1, 2026 |
| Basis of Allotment | July 2, 2026 |
| Initiation of Refunds | July 3, 2026 |
| Credit of Shares | July 3, 2026 |
| Tentative Listing | July 6, 2026 |
Brief Overview of the IPO
Adon Agro Commodities plans to raise ₹44.03 crore through a fresh issue of 62.90 lakh equity shares. The IPO is priced in the range of ₹66 to ₹70 per share, with a lot size of 2,000 shares.
Retail investors need to apply for at least one lot, while higher investment thresholds apply to HNI investors. Galactico Corporate Services Ltd. is the book-running lead manager to the issue, while KFin Technologies Ltd. is acting as the registrar.
The basis of allotment is expected to be finalised on July 2, 2026. Refunds and credit of shares are scheduled for July 3, 2026, and the shares are expected to make their market debut on the BSE SME platform on July 6, 2026.
This version adopts a more natural newsroom style, with varied sentence structure and smoother transitions, while maintaining factual accuracy and neutrality.
Source
- https://www.bseindia.com/markets/publicissues/displayipo?id=4655&type=IPO&idtype=1&status=L&IPONo=7800&startdt=29%2F06%2F2026
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