Adroit Industries IPO
Adroit Industries opens for subscription on 23 Sept 2026 and closes on 25 Sept 2026, at a price band of ₹126 – ₹134 with a lot of 111 shares. Listing is expected on 30 Sept 2026.
Updated 22 Oct 2026
Important dates
Opens
23 Sept 2026
Closes
25 Sept 2026
Allotment
28 Sept 2026
Listing
30 Sept 2026
IPO details
| Price band | ₹126 – ₹134 |
|---|---|
| Lot size | 111 shares |
| Minimum investment | ₹14,874 |
| Issue size | ₹150.71 crore |
| Face value | ₹10 per share |
| Board | Mainboard |
| Listing at | BSE, NSE |
| Retail quota | 35% |
| EPS | ₹7.48 |
| RoNW | 22.51% |
Grey market premium (GMP)
Last reported GMP: ₹58 (43.3%), an unofficial estimated listing price near ₹192 or about ₹6,438 per lot.
GMP is unregulated grey market chatter, not an exchange price, and it often swings or turns out wrong on listing day. SEBI cautions investors against relying on it. Read the GMP explainer.
Subscription status
Subscribed 175.63 times overall at the last update.
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0.05× | 7.3× | 7.29× | 5.22× |
| Day 2 | 1.82× | 27.22× | 23.45× | 18.08× |
| Day 3 | 195.04× | 331.87× | 97.58× | 175.63× |
How many lots can you apply for?
At the upper price band. Retail bids go up to ₹2 lakh, small NII (sHNI) above ₹2 lakh up to ₹10 lakh, and big NII (bHNI) above ₹10 lakh.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 111 | ₹14,874 |
| Retail (max) | 13 | 1,443 | ₹1,93,362 |
| sHNI (min) | 14 | 1,554 | ₹2,08,236 |
| sHNI (max) | 67 | 7,437 | ₹9,96,558 |
| bHNI (min) | 68 | 7,548 | ₹10,11,432 |
See IPO categories explained for how allotment works in each.
Company financials (₹ crore)
| Year | Revenue | Expenses | Profit after tax |
|---|---|---|---|
| FY24 | 125.1 | 107.14 | 14.53 |
| FY25 | 136.61 | 113.79 | 18.14 |
| FY26 | 143.04 | 110.14 | 26.16 |
About Adroit Industries
Since its incorporation in January 1995, Adroit Industries has been a leading manufacturer and supplier of propeller shafts and torque-transmission components. Its product portfolio consists of over 5000 products, which includes precision-machined torque-transmission components, complete propeller shaft assemblies, and forged components. Its product range caters to a diverse range of industries such as commercial vehicles, SUVs, defence and emergency services, heavy equipment, off-highway machinery, and industrial applications.
Adroit Industries' manufacturing facility combines advanced forging capabilities, specialized precision machining, heat treatment procedures, final assembly, dynamic balancing, and quality testing, offering end-to-end production capabilities. Furthermore, the firm exports its products to customers across North America, Europe, Latin America, the Middle East, Africa, and Asia-Pacific.
Objects of the issue
- Funding capital expenditure by the 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 the 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 the 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 the Subsidiary
- General Corporate Purposes
Allotment status and registrar
Bigshare Services Pvt.Ltd. is the registrar. After 28 Sept 2026, check your status with your PAN or application number on the registrar's site or the BSE/NSE allotment pages.
Registrar contact: 8657578989/8069219065/8069219060 · ipo@bigshareonline.com
Lead managers and offer documents
- Choice Capital Advisors Pvt.Ltd.
Adroit Industries IPO: FAQs
When does the Adroit Industries IPO open and close?
The Adroit Industries IPO opens on 23 Sept 2026 and closes on 25 Sept 2026.
What is the Adroit Industries IPO price band?
The price band is ₹126 – ₹134 per share (face value ₹10).
What is the Adroit Industries IPO lot size?
One lot is 111 shares, so the minimum investment is ₹14,874 at the upper price band.
When is the Adroit Industries IPO allotment date?
Allotment is expected on 28 Sept 2026. Check the status on the registrar's site (Bigshare Services Pvt.Ltd.) or the BSE/NSE allotment pages using your PAN.
When will Adroit Industries shares list?
Listing is expected on 30 Sept 2026 on BSE, NSE.
What is the Adroit Industries IPO GMP today?
The grey market premium was about ₹58 (43.3%) when this page was last updated, implying an unofficial estimated listing near ₹192. GMP is unregulated and can change quickly; do not rely on it.
Details are compiled from the offer documents and exchange disclosures via IPOWatch and may change or contain errors; verify in the RHP and on BSE/NSE before applying. This page is for information only and is not a recommendation to apply. Neminath Traders is not a SEBI-registered investment adviser. Read how to apply for an IPO.