New Delhi, July 6 -- Adon Agro Commodities share price hit its upper circuit after listing at a healthy premium over the issue price on Monday, 6 July. Adon Agro Commodities shares are listed at Rs.78.25 on the BSE SME, up almost 12% over the issue price of Rs.70. The SME stock extended gains and hit its upper price band of Rs.82.16, up more than 17% from the issue price.

The stock debuted better-than-expected, as the last grey market premium (GMP) of Adon Agro Commodities shares was nil, which suggested the stock could list at par with the issue price.

Adon Agro Commodities IPO opened on Monday, 29 June, and concluded on Wednesday, 1 July, witnessing an overall subscription of nearly 1.4 times. Share allotment was finalised on Thursday...