Adon Agro Commodities IPO Day 3: Issue Subscribed 0.78x; Subscription Closes Today 

Mumbai, July 1: Following the ongoing subscription period, Adon Agro Commodities IPO was subscribed 0.78 times by 10:43 AM on Wednesday (Day 3). The book-built public issue, which opened for bidding on June 29, 2026, is scheduled to close for subscription today, July 1, 2026. 

The ₹44.03 crore IPO is entirely a fresh issue of 62.90 lakh equity shares. The company has fixed the price band at ₹66 to ₹70 per share, while investors can bid in lots of 2,000 shares. 

Adon Agro Commodities IPO Day 3 Subscription Status 

• Overall: 0.78x  
• QIB (Ex-Anchor): 22.47x  
• NII: 0.66x  
• bNII (> ₹10 lakh): 0.88x  
• sNII (< ₹10 lakh): 0.22x  
• Retail: 0.43x  
• Applications Received: 404  

Qualified Institutional Buyers continued to drive demand for the issue with subscriptions exceeding 22 times. Meanwhile, the retail and NII categories remained below full subscription as bidding entered the final day. 

Day-wise Subscription Trend 

• Day 1: Overall 0.48x | QIB 11.88x | NII 0.43x | Retail 0.29x  
• Day 2: Overall 0.73x | QIB 22.47x | NII 0.60x | Retail 0.39x  
• Day 3 (10:43 AM): Overall 0.78x | QIB 22.47x | NII 0.66x | Retail 0.43x  

Adon Agro Commodities IPO Details 

• Issue Size: ₹44.03 crore  
• Fresh Issue: 62.90 lakh equity shares  
• Offer for Sale: Nil  
• Price Band: ₹66 to ₹70 per share  
• Lot Size: 2,000 shares  
• Issue Type: Bookbuilding IPO  
• Listing: BSE SME  

Important Dates 

• IPO Opens: June 29, 2026
• IPO Closes: July 1, 2026
• Tentative Allotment: July 2, 2026
• Refunds: July 3, 2026
• Shares Credited: July 3, 2026
• Tentative Listing: July 6, 2026  

About Adon Agro Commodities Ltd. 

Adon Agro Commodities Ltd. is engaged in the agri-commodities business and is launching its public issue to raise funds through a fresh issue of equity shares. The company is set to list on the BSE SME platform following the completion of the IPO process. 

Conclusion 

Adon Agro Commodities IPO has reached 0.78 times subscription by the final day morning, supported by robust institutional demand. Investor participation during the remaining bidding hours will determine whether the overall issue crosses the fully subscribed mark before the offer closes today.  

Source: 

• https://www.bsesme.com/download/327529/SME_IPO%20Open/1.AACL_RHP_20260623190220.pdf