Summary
Adroit Industries (India) IPO starts on 23rd September 2026 and closes on 25th September 2026. The price band has been set at ₹126 to ₹134 per share, with an offer size of ₹150.71 crore.
Adroit Industries (India) manufactures and sells propeller shafts and torque-transmission components for the automobile industry. The minimum number of shares to be applied for is 111. An investor will require a minimum of 1 lot (i.e., ₹14,874) and a maximum of 13 lots (i.e., ₹1,93,362) at the higher end of the price band.
If the investor applies at the higher price band of ₹134, then the maximum will be ₹1,93,362 for 13 lots containing 1,443 shares. The minimum S-HNI will be 14 lots containing 1,554 shares amounting to ₹2,08,236, and the maximum S-HNI is 67 lots containing 7,437 shares amounting to ₹9,96,558, respectively.
Adroit Industries India Limited’s IPO is a book-built issue of ₹150.71 crore, comprising both a fresh issue and an Offer for Sale. This IPO will remain open for subscription from 23rd September 2026 to 25th September 2026. The price range for this stock is ₹126 to ₹134 per share, having the lot size of 111 shares.
The allotment is expected on 28th September 2026, while the credit and refund of funds are expected on 29th September 2026. The IPO will list on 30th September 2026 on the BSE and NSE.
The minimum number of shares to be applied for is 111. An investor will require a minimum of 1 lot (i.e., ₹14,874) and a maximum of 13 lots (i.e., ₹1,93,362) at the higher end of the price band.
The minimum S-HNI is 14 lots containing 1,554 shares, amounting to ₹2,08,236; the maximum is 67 lots containing 7,437 shares, amounting to ₹9,96,558; and the minimum is 68 lots containing 7,548 shares, amounting to ₹10,11,432.
Adroit Industries (India) IPO Key Details
Here is a quick look at the important details of the Adroit Industries (India) IPO:
| IPO Open Date | 23 September, 2026 |
| Close Date | 25 September, 2026 |
| Face value | ₹10 per share |
| Price Band | ₹126 to ₹134 |
| Issue price | – |
| IPO Lot Size | 111 shares |
| Offer for sale | 13,50,000 shares (~₹18 cr) |
| Fresh issue | 98,97,000 shares |
| Issue Type | Bookbuilding IPO |
| Listing at | BSE, NSE |
| Total Issue Size (₹ Crore) | 1,12,47,000 shares (~₹151 cr) |
| Minimum Investment | ₹14,874 (111 shares) |
Adroit Industries (India) IPO Timeline
The key dates for the Adroit Industries (India) IPO are given below:
| Bidding Opens | 23 September, 2026 |
| Bidding Closes | 25 September, 2026 |
| Allotment Planned For | 28 September, 2026 |
| Refunds Start On | 29 September, 2026 |
| Share Credit to Demat | 29 September, 2026 |
| Listing Scheduled | 30 September, 2026 |
| Cut-off for UPI mandate | 25 September, 2026 5:00 PM |
Adroit Industries (India) Key Performance Indicators (KPIs)
Adroit Industries (India) IPO KPIs are presented in the following table:
| KPIs | FY 2026 | FY 2025 | FY 2024 |
| ROE (%) | 22.54% | 18.97% | 18.79% |
| ROCE (%) | 19.01% | 15.76% | 15.07% |
| Debt-Equity (times) | 0.41 | 0.63 | 0.94 |
| RoNW (%) | 22.51% | 18.94% | 18.95% |
| PAT Margin (%) | 18.69% | 13.55% | 11.67% |
| EBITDA Margin (%) | 27.66% | 23.17% | 23.84% |
| Price Book Value | 3.64 |
Adroit Industries (India) IPO Financials
Here is an overview of the company’s financial figures:
| Period | FY 2026 | FY 2025 | FY 2024 |
| Total Assets | 2,127.44 | 1,870.09 | 1,993.85 |
| Revenue from operations | 1,399.43 | 1,338.94 | 1,245.28 |
| Net Profit After Tax | 261.58 | 181.44 | 145.27 |
Adroit Industries (India) IPO Subscription Status
| Date | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Sep 23 (Day 1) | 0.05 | 7.30 | 5.70 | 10.48 | 7.29 | 5.22 |
Adroit Industries (India) IPO Grey Market Premium
The listing date for the Adroit Industries (India) IPO is expected on 30, September 2026, with a price range of ₹126- ₹134 per equity share. Grey market premiums (GMPs) can fluctuate frequently because they are unofficial.
| GMP Date | GMP | Est. Listing Price on upper price-₹134.00 | Est. Profit* | Trend |
|---|---|---|---|---|
| 23-Sep 21:02 Sub: 5.22x O | ₹35 (26.12%) ▲ | ₹169 | ₹3,885 | Stable |
| 22-Sep 23:37 | ₹34 (25.37%) ▲ | ₹168 | ₹3,774 | Stable |
| 21-Sep 23:37 | ₹32 (23.88%) ─ | ₹166 | ₹3,552 | Stable |
| 20-Sep 23:37 | ₹32 (23.88%) ▼ | ₹166 | ₹3,552 | Stable |
| 19-Sep 23:37 | ₹35 (26.12%) ▼ | ₹169 | ₹3,885 | Stable |
| 18-Sep 23:37 | ₹37 (27.61%) ─ | ₹171 | ₹4,107 | Initial |
Note: GMP represents sentiment in the unofficial market and should not be considered an indication of assured listing returns.
Adroit Industries (India) IPO Reservation
The share allocation for each investor category is outlined below:
| Investor Category | Reservation |
| Market Maker | – |
| QIB | Not more than 50% of the offer |
| NIIs | Not less than 15% of the offer |
| Retail Investors | Not less than 35% of the offer |
| Total Shares | – |
Adroit Industries (India) IPO Lot Size
The applicable lot sizes for different investor categories are as follows:
| Application Type | Lots | Shares | Amount |
| Individual Investor – Minimum | 1 | 111 | ₹14,874 |
| Individual Investor – Maximum | 13 | 1,443 | ₹1,93,362 |
| S-HNI Minimum | 14 | 1,554 | ₹2,08,236 |
| S-HNI Maximum | 67 | 7,437 | ₹9,96,558 |
| B-HNI Minimum | 68 | 7,548 | ₹10,11,432 |
Adroit Industries (India) IPO Anchor Investors
The allotment status of the Adroit Industries (India) IPO is currently not yet available. As a result, information related to anchor bidding, share allocation, investment value, and lock-in periods will be added once it is disclosed.
Adroit Industries (India) IPO Prospectus
For more information on the Adroit Industries (India) IPO, check the links below:
About Adroit Industries (India) IPO
Incorporation: 1995
Managing Director: Saurabh Sangla
Adroit Industries India is an automobile parts supplier specialising in the manufacture of propeller shafts and other torque-transmission components. These parts are required in automobiles or in industries where the energy from the engines or transmissions has to be effectively transmitted to the wheels or to other mechanical assemblies.
Adroit serves clients in the automotive and industrial sectors who require components tailored to their applications and performance needs. Some of the products manufactured by Adroit include propeller shafts, universal joints, and other drivetrain components.
| Issue Registrar | Bigshare Services Pvt. Ltd. |
| Lead Manager | Choice Capital Advisors Pvt. Ltd. |
Adroit Industries (India) IPO Objectives
Funds received from the IPO will be directed towards the following purposes:
| Particulars | Amount (in ₹ Million) |
| Funding capital expenditure towards procurement of machinery and equipment | 199.07 |
| Investment in the subsidiary, Adroit Driveshafts Pvt. Ltd. in the form of debt or equity or combination for funding machinery and equipment | 439.56 |
| Investment in subsidiary Adroit Driveshafts Pvt. Ltd. in the form of debt or equity or combination for payment of certain borrowings availed by the subsidiary | 241.19 |
| General corporate purposes |
Strengths of Adroit Industries (India) IPO
These strengths have been identified based on information provided by the company in its financial statements and operational disclosures.
- Rising Profit Margin: The company’s profit after tax margin is 18.69% in FY2026, up from 13.55% in FY2025. Also, its EBITDA margin is 27.66%, compared with 23.17%.
- Integrated Manufacturing Facilities: The company has three integrated manufacturing facilities in Madhya Pradesh that involve activities such as forging, heat treatment, machining, assembly, balancing, and testing of the component. With vertical integration in the organisation, it can have an advantage in the manufacturing process of the driveline component.
- Various Customers and Export Markets: During the financial year 2026, the company has 185 customers, and it exports the component to over 32 countries. Some of the company’s customers include Godrej & Boyce, BEML, VE Commercial Vehicles, and Sandvik Mining and Rock Technology, which manufacture products in the automotive, defence, and industrial segments.
Risks of Adroit Industries (India) IPO
These risks are derived from the risk factors highlighted by the company itself, as well as from some financial information. The following are the points that need to be considered in detail by the readers while evaluating the IPO:
- Heavy Dependence on International Markets for Sales: Adroit Industries earned 95.39% of its revenue from sales abroad during FY2026. This heavy dependence makes Adroit Industries susceptible to fluctuations in demand, taxes, currency, and the geopolitical situation in the countries where it sells its goods.
- Customer Dependence Risk: A substantial percentage of revenue is derived from a few customers. The top ten customers of Adroit Industries accounted for 60.86% of revenue from the sale of goods during FY2026, down from 65.91% in FY2025.
- Supplier Concentration: Adroit Industries also depends on suppliers for critical raw materials and has a high concentration of suppliers. The ten largest suppliers accounted for 75.97% of the total cost of purchases for FY2026. Any problems with supplies or rising raw material costs may affect production costs and margins.
- Manufacturing Location Concentration: The firm’s manufacturing sites are located in Madhya Pradesh. If any problem, such as a production shutdown, occurs for any reason, production will be interrupted.
Adroit Industries (India) IPO Review
Adroit Industries India manufactures propeller shafts, universal joints, and other drivetrain components for automotive and industrial applications. Adroit caters to both Indian and international clients across industry segments such as commercial vehicles, industrial equipment, and defence applications.
The firm’s manufacturing process involves forging, heat treatment, machining, assembly, balancing, and testing. The company exports its products to various international destinations and has diverse clientele in different industries.
The top ten clients of the firm accounted for 60.86% of product sales revenue in FY2026, and the company’s export revenue was also high, at 95.39% of product sales revenue.
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Adroit Industries (India) IPO FAQs
Adroit Industries (India) is a public offering and offer for sale amounting to ₹150.71 crore. The offer is priced between ₹126 and ₹134 per share. The company is an automobile parts supplier specialising in the manufacture of propeller shafts and other torque-transmission components.
Investors can apply via their authorised stockbroker or through an IPO platform. The application process can be done through the ASBA facility through banks or any other permitted means. An investor needs to have a demat account and adequate balance in his/her bank account.
The IPO has both operating strengths and business risks. Revenue and profit increased over the reported period, while customer and export concentration remain important factors. Investors can access these details alongside the company’s financial disclosures.
Returns on the IPO depend on how the stock is valued after listing and how it performs in the market. The issue price is fixed within the range of ₹126-₹134. There is no assured return on investment, and the informal GMP should not be considered an assured listing price.
Adroit Industries (India) IPO opening date is set for 23 September 2026. The IPO will remain open for subscription up until 25 September 2026. Applicants can apply for the IPO during the stated subscription period.
The size of each IPO lot is 111 shares. Each retail applicant is supposed to subscribe to a minimum of 1 lot containing 111 shares amounting to ₹14,874.
The allotment criteria for the Adroit Industries (India) IPO are set to be finalised by 28th September 2026. Investors can verify their allotment with the registrar or the respective exchange once the process is complete.
The listing of Adroit Industries (India) shares is set to take place on the BSE NSE on 30th September 2026. The actual listing price will be determined by the demand and supply forces in the market.
