Adroit Industries India Ltd announces IPO via bookbulding issue Adroit Industries India Limited has closed its initial public offering today after raising 150.71 cr via a bookbulding issue. It was a public issue comprising fresh issue of 98.97 lakh equity shares worth 132.62 crore and an offer for sale (OFS) of 13.50 lakh shares totaling 18.09 crore. The issue was open for subscription from September 23, 2026, to September 25, 2026, and its final issue price has been set at 134 per share with retail investors having to apply for a minimum of 111 equity shares, which valued at 14,874 as per the upper band of the price.
After the bidding period concludes, the basis of allotment will be finalized on 28th September 2026. Shares will be credited to the successful applicants’ accounts before the market opens on both NSE and BSE, the date for which is yet to be finalized but is most likely to be 30th September 2026. Choice Capital Advisors Private Limited is designated as the issue’s lead manager and its registrar is the online broker Bigshareonline Services Private Limited to process applications and formalize the allotments. Please refer to the official RHP for details on the risk factors, financial data and net proceeds from issue.
Adroit Industries India IPO Allotment Status
| Company Name | Allotment Date | Listing Date | Registrar (Check Link) |
|---|---|---|---|
| Adroit Industries India | Mon, Sep 28, 2026 | Wed, Sep 30, 2026 | https://ipo.bigshareonline.com/IPO_Status.html |
Adroit Industries India IPO Overview
| Details | Descriptions |
|---|---|
| IPO Date | 23 to 25 Sep, 2026 |
| Listing Date | Wed, Sep 30, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹126 to ₹134 |
| Issue Price | ₹134 per share |
| Lot Size | 111 Shares |
| Sale Type | Fresh capital cum OFS |
| Total Issue Size | 1,12,47,000 shares (agg. up to ₹151 Cr) |
| Fresh Issue | 98,97,000 shares (agg. up to ₹133 Cr) |
| Offer For Sale | 13,50,000 shares of ₹10 (agg. up to ₹18 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,49,11,340 shares |
| Share Holding Post Issue | 4,48,08,340 shares |
Adroit Industries India IPO Schedule
| Details | Description |
|---|---|
| IPO Open Date | Wed, Sep 23, 2026 |
| IPO Close Date | Fri, Sep 25, 2026 |
| Tentative Allotment | Mon, Sep 28, 2026 |
| Initiation of Refunds | Tue, Sep 29, 2026 |
| Credit of Shares to Demat | Tue, Sep 29, 2026 |
| Tentative Listing Date | Wed, Sep 30, 2026 |
Adroit Industries India Lot Size Details
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 111 | ₹14,874 |
| Individual investors (Retail) (Max) | 13 | 1443 | ₹1,93,362 |
| S-HNI (Min) | 14 | 1554 | ₹2,08,236 |
| S-HNI (Max) | 67 | 7437 | ₹9,96,558 |
| B-HNI (Min) | 68 | 7548 | ₹10,11,432 |
Issue Reservation
| Investor Category | Shares | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB | 56,23,500 | 50.00% | NA |
| − Anchor Investor | 33,74,100 | 30.00% | NA |
| − QIB (Ex. Anchor) | 22,49,400 | 20.00% | NA |
| NII (HNI) | 16,87,050 | 15.00% | NA |
| − bNII > ₹10L | 11,24,700 | 10.00% | 723 |
| − sNII < ₹10L | 5,62,350 | 5.00% | 361 |
| Retail | 39,36,450 | 35.00% | 35,463 |
| Total | 1,12,47,000 | 100.00% |
Adroit Industries India IPO – GMP Trend
| GMP Date | IPO Price | GMP | Est. Listing Price | Est. Profit* |
|---|---|---|---|---|
| 24-Sep 15:02 | ₹134 | ₹35 (26.12%) ▲ | ₹169 | ₹3,885 |
| 23-Sep 23:37 | ₹134 | ₹34 (25.37%) ─ | ₹168 | ₹3,774 |
| 22-Sep 23:37 | ₹134 | ₹34 (25.37%) ▲ | ₹168 | ₹3,774 |
| 21-Sep 23:37 | ₹134 | ₹32 (23.88%) ─ | ₹166 | ₹3,552 |
| 20-Sep 23:37 | ₹134 | ₹32 (23.88%) ▼ | ₹166 | ₹3,552 |
| 19-Sep 23:37 | ₹134 | ₹35 (26.12%) ▼ | ₹169 | ₹3,885 |
| 18-Sep 23:37 | ₹134 | ₹37 (27.61%) ─ | ₹171 | ₹4,107 |
Overview of Adroit Industries India
Established in January 1995, Adroit Industries India Limited has earned a strong reputation as a leading, precipitously integrated manufacturer and exporter of heavy-duty propeller shafts and precision torque-transmission systems. With a general portfolio of more than 5,000 active SKUs, the company provides high performance driveline components designed to meet the exact necessities of customers across critical global industries.
Comprehensive End-to-End Manufacturing Excellence
Adroit Industries maintains complete operational control over its supply chain through fully combined in house facilities. By handling key manufacturing stages itself, the enterprise ensures rigorous quality control, maximum operational efficiency, and strict technical compliance.
Core In-House Production Capabilities
- Forging & Precision Machining: Turning raw materials into high-strength, close tolerance components.
- Heat Treatment & Thermal Processing: Optimizing structural durability, torque capacity, and fatigue resistance.
- Assembly, Dynamic Balancing & Quality Testing: Ensuring high speed operational safety and minimal vibration transfer in severe duty applications.
Product Applications & Distribution Network
Adroit Industries serves a wide range of demanding sectors by partnering with global Tier -1 automotive suppliers, independent aftermarket distributors, and direct original equipment manufacturers.
Primary Industries Served
- Commercial Vehicles: Light, medium, and heavy duty trucks and buses.
- SUV and Off-Road Platforms: High torque light truck and passenger vehicle drivelines.
- Defense and Emergency Services: Mission-critical tactical vehicles and specialized fleets.
- Heavy Machinery and Industrial Equipment: Agricultural equipment, construction vehicles, off-highway machinery, and stationary industrial drives.
Global Market Reach & Operational Scale
With an expansive distribution footprint spanning North America, Europe, Latin America, the Middle East, Africa, and the Asia Pacific, Adroit Industries is a recognized international driveline partner.
- 32+ Export Destinations: Shipped precision components globally across dozens of countries during Fiscal 2026.
- Subsidiary Support: Backed by Adroit Driveshaft’s Private Limited to expand production throughput and regional service capability.
- Skilled Workforce: Powered by a dedicated workforce of 367 permanent professionals.
Key Competitive Advantages
- Massive Component Portfolio: Over 5,000 distinct SKUs available for customized torque transmission and driveshaft needs.
- Vertically Integrated Facilities: In-house capabilities from raw forging to final balancing lower lead times & safeguard product reliability.
- Advanced Engineering and R&D: Dedicated testing capabilities for rapid prototyping, design validation, and technical customization.
- Diversified International Base: Solidified global footprint mitigating regional market fluctuations.
- Proven OEM & Aftermarket Trust: Decades of established client relationships generating stable, repeat commercial revenue.
- Financial Stability & Strategic Leadership: Sustained, healthy financial trajectory guided by an experienced executive board and founding management team.
Company Financials
Adroit Industries India Financial Information (Restated Standalone)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 212.74 | 187.01 | 199.39 |
| Total Income | 143.04 | 136.61 | 125.10 |
| Profit After Tax | 26.16 | 18.14 | 14.53 |
| EBITDA | 38.71 | 31.02 | 29.69 |
| Net Worth | 128.63 | 103.53 | 87.82 |
| Reserves and Surplus | 105.59 | 96.92 | 78.79 |
| Total Borrowing | 52.40 | 8.32 | 16.29 |
Key Performance Indicator (KPI)
The market cap. of Adroit Industries India IPO is for Pre IPO ₹467.81 Cr., & for Post IPO ₹600.43 Crores.
KPI as of Dec 31, 2026, & Mar 31, 2025
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 22.54% |
| ROCE | 19.01% |
| Debt/Equity | 0.41 |
| RoNW | 22.51% |
| PAT Margin | 18.69% |
| EBITDA Margin | 27.66% |
| NAV | 36.84 |
| Price to Book Value | 3.64 |
IPO Valuation & Shareholding Structure
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.49 | 5.84 |
| P/E (x) | 17.89 | 22.95 |
| Company Promoters: | Saurabh Sangla, Mukesh Sangla, Monika Sangla, Shubhangi Trust, Shreya Trust and Swan Irrigation LLP. | |
| Promoter and Promoter Group | 96.1% | 71.86% |
| Public | 3.90% | 28.14% |
| Total | 100% | 100% |
Adroit Industries India IPO Objectives
| Objects of the Issue | Expected Amount (₹ in cr.) |
|---|---|
| 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 | 19.91 |
| 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 | 43.96 |
| 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 | 24.12 |
| General Corporate Purposes | – |
| Total | 87.98 |
Adroit Industries India IPO 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, Maharashtra, 421302
- +91 91711 14099
- cs@adroitindustries.com
- Website: https://www.adroitindustries.com/
Adroit Industries India IPO Registrar
Bigshare Services Pvt.Ltd.
| Details | Descriptions |
|---|---|
| Phone: | 8657578989/8069219065/8069219060 |
| Email: | ipo@bigshareonline.com |
| Website: | https://ipo.bigshareonline.com/IPO_Status.html |
Adroit Industries India IPO FAQs
When Adroit Industries India IPO become available?
The IPO will open on Wed, Sep 23, 2026.
What is the minimum lot size for the Adroit Industries India IPO?
The minimum lot size is 111 shares.
When will the shares for the Adroit Industries India IPO be allotted?
The allotment is expected to be finalized on Mon, Sep 28, 2026
What is the expected listing date for the Adroit Industries India IPO?
The tentative listing date is Wed, Sep 30, 2026.
How can I apply for the Adroit Industries India IPO?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
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