Adon Agro Commodities Limited has fixed the price band for its initial public offering at ₹66 to ₹70 per share, with the issue opening for subscription on June 29, 2026.
The company, which operates as an integrated agro-commodity business, plans to raise ₹44.03 crore through a fresh issue of 62.90 lakh equity shares.
The offering will be listed on the BSE SME platform, targeting qualified institutional buyers, non-institutional investors, and retail participants.
The IPO comes as activity on India’s SME exchange remains robust, with several small-cap firms seeking public market access.
Adon Agro’s pricing sits in a mid-range bracket compared to recent peers; for context, Atharva Polyplast recently set its IPO band at ₹55-60, while Advit Jewels priced its shares between ₹130 and ₹138.
These varied valuations reflect the distinct risk profiles and growth narratives of each issuer within the small-cap segment.