Adroit Industries (India) IPO
GMP, Subscription, Price, Dates & Financial Details
Adroit Industries (India) Ltd., incorporated in 1966, is an established manufacturer of propeller shafts, torque-transmission components, and other precision-engineered products used across the automotive, defense, heavy equipment, and industrial machinery sectors.The company operates a fully…
Open Date
Wed, 23 Sep 2026
Close Date
Fri, 25 Sep 2026
Price Band
₹ 126 – 134
Lot Size
111
Issue Size
₹ 150.71 Cr
Minimum Investment
₹ 14,874 (111 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Adroit Industries (India) IPO is set to open its Initial Public Offering (IPO) for subscription on September 23, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹150.71 Crore, comprising a fresh issue of 98.97 Lakh equity shares aggregating to ₹132.62 Crore and an offer for sale (OFS) of 13.50 Lakh equity shares aggregating to ₹18.09 Crore by the existing shareholders.
The Adroit Industries (India) IPO will open for subscription on September 23, 2026, and close on September 25, 2026. The basis of allotment is expected to be finalized on September 28, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 30, 2026.
The company has fixed the price band at ₹126 to ₹134 per share, with a lot size of 111 shares. Retail investors will require a minimum investment of ₹14,874 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd is the registrar to the issue. Choice Capital Advisors Pvt Ltd are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Adroit Industries (India) IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 25, 2026.
Adroit Industries (India) IPO Timeline (Tentative)
- IPO Open Date
- Wed, 23 Sep 26
- IPO Close Date
- Fri, 25 Sep 26
- Basis of Allotment
- Mon, 28 Sep 26
- Initiation of Refunds
- Tue, 29 Sep 26
- Credit of Shares to Demat
- Tue, 29 Sep 26
- Listing Date
- Wed, 30 Sep 26 — BSE & NSE
Open Date
23 September 2026
Close Date
25 September 2026
Basis Of Allotment
28 September 2026
Listing Date
30 September 2026
IPO Subscription
Check Live Subscription →The Adroit Industries (India) IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 23 September 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 0 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (0%), while Non-Institutional Investors (NIIs) receive 0 shares (0%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 0 | 0% |
| Retail Investors | 0 | 0% |
| Non-Institutional | 0 | 0% |
Financials Details(₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 205.69 | 187.01 | 199.39 | 185.15 |
| Revenue | 71.45 | 136.61 | 125.1 | 104.49 |
| Profit After Tax | 10.64 | 18.14 | 14.53 | 6.42 |
| Net Worth | 114.96 | 103.53 | 87.82 | 65.35 |
| Reserve & Surplus | 97.5 | 86.07 | 70.37 | 47.89 |
| Total Borrowings | 5.11 | 8.32 | 16.29 | 30.44 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Adroit Industries (India) Limited KPI Information
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 18.97 | 18.99 | 10.31 |
| ROCE % | 17.06 | 15.11 | 7.14 |
| Debt / Equity | 0.63 | 0.94 | 1.43 |
| RoNW % | 18.94 | 18.95 | 10.29 |
| Pat Margin % | 13.55 | 11.67 | 6.2 |
Peers Comparison
No Peer Comparision Available
About Adroit Industries (India) Limited
Adroit Industries (India) Ltd., incorporated in 1966, is an established manufacturer of propeller shafts, torque-transmission components, and other precision-engineered products used across the automotive, defense, heavy equipment, and industrial machinery sectors.
The company operates a fully integrated manufacturing setup, covering key processes such as forging, machining, assembly, and testing under one manufacturing ecosystem. This integrated approach enables Adroit to maintain consistent quality standards, improve production efficiency, and exercise greater control over the manufacturing process.
With a portfolio of more than 5,000 products, Adroit serves a diverse customer base comprising distributors, leading component manufacturers, OEMs, and industrial customers. Its products are primarily used in commercial vehicles, defense applications, heavy earth-moving and mining equipment, and a wide range of industrial machinery where reliable torque transmission and high-performance drivetrain components are essential.
Adroit's manufacturing facilities are located in Madhya Pradesh, India, and are equipped to support large-scale production while meeting the quality and technical requirements of various domestic and international customers.
The company has established relationships with several reputed organizations across the automotive, engineering, defense, mining, and industrial sectors. Its customer base includes Godrej & Boyce Manufacturing Company Limited, BEML Limited, VE Commercial Vehicles Limited, Sandvik Mining and Rock Technology India Private Limited, Oilgear India Private Limited, and other prominent industrial and infrastructure companies.
In addition to its strong domestic presence, Adroit has developed a significant international footprint, exporting its products to more than 25 countries across North America, Europe, Asia-Pacific, and other global markets. The company's long-standing relationships with established customers and its diversified product portfolio contribute to recurring business and provide a stable foundation for long-term growth.
Overall, Adroit Industries has built its position around manufacturing integration, a broad product portfolio, diversified end-market exposure, established customer relationships, and an expanding international presence, making it a recognized supplier of torque-transmission and drivetrain components for automotive and industrial applications.
Adroit Industries (India) IPO Promoters
- Saurabh Sangla
- Mukesh Sangla
- Monika Sangla
- Shubhangi Trust
- Shreya Trust
- Swan Irrigation
Promoters Holding
Holding Pre Issue
51.30%
Holding Post Issue
36.96%
Adroit Industries (India) IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding capital expenditure by our Company towards procurement of; (i) machinery and equipment for enhancement of operations at Dewas Facility; and (ii) transportation vehicle for local transportation of goods between the Manufacturing Facilities
- Investment in our Subsidiary, Adroit Driveshafts Private Limited, in the form of debt or equity or a combination thereof, for funding capital expenditure towards procurement of; (i) machinery and equipment for enhancement of operations at Pithampur Facility; and (ii) transportation vehicle for local transportation of goods between the Manufacturing Facilities
- Investment in our Subsidiary, Adroit Driveshafts Private Limited, in the form of debt or equity or a combination thereof, for re-payment or pre-payment, in full or in part, of certain borrowings availed by our Subsidiary
- General Corporate Purposes
Adroit Industries (India) Limited Address / Contact Details
Adroit Industries (India) Ltd.
Gala No. 02, Building No. A-2, Gr. Floor
Print World Industrial Complex, Survey No. 15/1,
Mankoli Road, Vehele, Shastrinagar, Bhiwandi
Thane, Maharashtra, 421302
Telephone: +91 91711 14099
E-mail: cs@adroitindustries.com
Website: https://www.adroitindustries.com/
IPO Snapshot
Adroit Industries (India) IPO Lot Size
The Adroit Industries (India) IPO has a lot size of 111 shares. Retail investors require a minimum investment of ₹14,874 by applying for 1 lot (111 shares). The maximum application allowed for the retail category is 13 lots (1,443 shares), requiring an investment of ₹1,93,362.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 111 | 14,874.00 |
| Retail (Max) | 13 | 1,443 | 193,362.00 |
| S-HNI (Min) | 14 | 1,554 | 208,236.00 |
| S-HNI (Max) | 67 | 7,437 | 996,558.00 |
| B-HNI (Min) | 68 | 7,548 | 1,011,432.00 |
Issue Reservation
Book Running Lead Managers
- Choice Capital Advisors Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Adroit Industries (India) IPO?
Adroit Industries (India) IPO is a Book-building IPO with a total issue size of ₹150.71 crore. The Adroit Industries (India) IPO price band is ₹126 to 134 per share. The Adroit Industries (India) IPO subscription opens on Wed, Sep 23, 2026, and closes on Fri, Sep 25, 2026. The Adroit Industries (India) IPO will be listed on the BSE,NSE. Bigshare Services Pvt Ltd is the registrar for the Adroit Industries (India) IPO.
When will the Adroit Industries (India) IPO open for subscription?
The Adroit Industries (India) IPO opens on Wed, Sep 23, 2026 and closes on Fri, Sep 25, 2026
What is Adroit Industries (India) IPO Price Band?
Adroit Industries (India) IPO Price Band is ₹126 to 134 per share.
What is Adroit Industries (India) IPO Lot Size?
Adroit Industries (India) IPO lot size is 111 shares, Retail investors need a minimum investment of ₹14874 based on the upper price band
What is the minimum investment for Adroit Industries (India) IPO?
The minimum investment for Adroit Industries (India) IPO is ₹14874, based on one lot of 111 shares at the upper price band of ₹134 per share.
How to apply for Adroit Industries (India) IPO?
Investors can apply for the Adroit Industries (India) IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Sep 25, 2026. The application amount remains blocked until the Adroit Industries (India) IPO allotment is finalized.
What is Adroit Industries (India) IPO Issue Size?
Adroit Industries (India) IPO issue size is ₹150.71 crores.
What is the Adroit Industries (India) IPO Allotment Date?
Adroit Industries (India) IPO allotment date is Mon, Sep 28, 2026.
Who is the Adroit Industries (India) IPO Registrar?
The registrar for Adroit Industries (India) IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Adroit Industries (India) IPO allotment status, refund processing, and other IPO-related information.
Who is the Adroit Industries (India) IPO Lead Manager?
The book-running lead managers (BRLMs) for the Adroit Industries (India) IPO are Choice Capital Advisors Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Adroit Industries (India) IPO Red Herring Prospectus (RHP).