Adon Agro Commodities IPO GMP Day 2: Nil Grey Market Premium as Subscription Stands at 0.22x
- June 30, 2026
- Posted by: Ankit Jaiswal
- Category: IPO
Adon Agro Commodities IPO GMP Rs 0. Day 2 of subscription. Subscribed 0.22x on Day 1. Price band Rs 66-70. Lot 2,000. Issue Rs 44.03 Cr. BSE SME.
The Adon Agro Commodities IPO GMP on Day 2 of subscription remains at Rs 0, with the grey market continuing to signal a flat listing at the upper price band of Rs 70. The Adon Agro Commodities IPO subscription on Day 1 stood at approximately 0.22x, indicating the issue is significantly undersubscribed at the end of the first day. A nil Adon Agro Commodities IPO GMP combined with low Day 1 subscription data suggests limited demand in both the formal and informal market at this stage.
The Adon Agro Commodities IPO opened on June 29, 2026, and closes on July 1, 2026. The BSE SME issue is priced at Rs 66 to Rs 70 per share with a lot size of 2,000 shares. Retail investors must apply for a minimum of 2 lots (4,000 shares), amounting to Rs 2,80,000 at the upper price band. Historically, QIB and large HNI demand in SME issues tends to flow in on Day 3, so the current Adon Agro Commodities IPO subscription of 0.22x may not be the final picture.
With nil Adon Agro Commodities IPO GMP and current undersubscription, investors applying at this stage face a high probability of full allotment if they subscribe at the retail level. However, a low subscription rate and nil GMP together reflect limited institutional and retail confidence in the valuation, which investors should factor into their decision alongside a review of the company’s financials.
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| IPO Particulars | Details |
|---|---|
| IPO Open Date | June 29, 2026 |
| IPO Close Date | July 1, 2026 |
| Allotment Date | July 2, 2026 |
| Listing Date | July 6, 2026 (BSE SME) |
| Price Band | Rs 66 to Rs 70 per share |
| Lot Size | 2,000 shares (min 2 lots = 4,000 shares = Rs 2,80,000) |
| Issue Size | Rs 44.03 crore (100% fresh issue) |
| GMP Day 2 | Rs 0 (nil, flat listing at Rs 70 signalled) |
| Day 1 Subscription | 0.22x (undersubscribed) |
| Lead Manager | Galactico Corporate Services Ltd. |
| Registrar | KFin Technologies Ltd. |
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Adon Agro Commodities Limited is engaged in the trading and distribution of agro commodities, primarily dry fruits and related products. The company had 871 customers as of January 2026, a significant jump from 101 customers in FY25, reflecting rapid customer base expansion. Adon Agro Commodities employs 62 people and operates from Akshar Business Park, with a distribution-led business model. IPO proceeds are intended for working capital requirements and branding, advertising and marketing activities to support growth. Investors should assess the company’s revenue consistency and profitability sustainability alongside the current nil Adon Agro Commodities IPO GMP before applying.
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Disclaimer: IPO GMP is an unofficial, unregulated indicator from the grey market and does not guarantee listing price or returns. Data in this article is sourced from publicly available information and may not be accurate. Please verify with NSE (nseindia.com) and BSE (bseindia.com) before investing. Investments in securities are subject to market risk. This is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Adon Agro Commodities IPO GMP
What is Adon Agro Commodities IPO GMP on Day 2?
Ans. Adon Agro Commodities IPO GMP on Day 2 is Rs 0 (nil), indicating no grey market premium above the issue price of Rs 70. Combined with a Day 1 subscription of 0.22x (undersubscribed), the nil Adon Agro Commodities IPO GMP reflects limited market demand at current valuation levels.
What is the Adon Agro Commodities IPO subscription status on Day 2?
Ans. Adon Agro Commodities IPO subscription stood at 0.22x at the end of Day 1 (June 29, 2026), making the issue significantly undersubscribed. Day 2 data will be available through BSE. QIB and large HNI demand in SME issues typically flows in on Day 2 and Day 3.
What is the Adon Agro Commodities IPO price band and lot size?
Ans. Adon Agro Commodities IPO price band is Rs 66 to Rs 70 per share. The lot size is 2,000 shares. Retail investors must apply for a minimum of 2 lots (4,000 shares), requiring Rs 2,80,000 at the upper price band of Rs 70.
When does Adon Agro Commodities IPO close and list?
Ans. Adon Agro Commodities IPO closes on July 1, 2026. Allotment is expected on July 2, 2026. The listing date on BSE SME is tentatively July 6, 2026.
What does Adon Agro Commodities do?
Ans. Adon Agro Commodities Limited trades and distributes agro commodities including dry fruits. The company had 871 customers as of January 2026, up from 101 in FY25, reflecting fast customer base expansion. It employs 62 people and plans to use IPO proceeds for working capital and marketing activities.
Should I apply for Adon Agro Commodities IPO based on nil GMP and low subscription?
Ans. A nil Adon Agro Commodities IPO GMP and Day 1 subscription of 0.22x both signal limited early demand. While investors applying at retail level have a high allotment probability, the low subscription reflects limited institutional confidence. Investors should evaluate the company’s financials, revenue consistency and growth prospects before deciding. Consult a SEBI-registered financial advisor.
