Adroit Industries (India)

Adroit Industries (India)

LISTED

IPO Date: 23 Sept - 25 Sept 2026

Listing Date: 30 Sept 2026

Price Range

Rs.126 - Rs.134

Issue Size

151 Cr

Min Investment

₹13,986

Min Application

111 Shares

View IPO Document

Schedule of Adroit Industries (India)

  1. Issue open date

    23 Sept 2026

  2. Issue close date

    25 Sept 2026

  3. UPI mandate deadline

    25 Sept 2026 (5 PM)

  4. Allotment finalization

    28 Sept 2026

  5. Share credit

    29 Sept 2026

  6. Listing date

    30 Sept 2026

  7. Mandate end date

    10 Oct 2026

Issue size

Funds Raised in the IPOAmount
Overall151 Cr
Fresh Issue132.62 Cr
Offer for Sale18.09 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date28 Sept 2026
Allotment Link{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIPO PriceGMPEst. Listing Price
30 Sept 2026Latest₹134₹55₹189(+41.04%)
29 Sept 2026₹134₹55₹189(+41.04%)
28 Sept 2026₹134₹58₹192(+43.28%)
27 Sept 2026₹134₹58₹192(+43.28%)
26 Sept 2026₹134₹54₹188(+39.93%)
25 Sept 2026₹134₹47₹181(+35.07%)
24 Sept 2026₹134₹37₹171(+27.61%)
23 Sept 2026₹134₹34₹168(+25.37%)
22 Sept 2026₹134₹34₹168(+25.37%)
21 Sept 2026₹134₹32₹166(+23.88%)
20 Sept 2026₹134₹32₹166(+23.88%)
19 Sept 2026₹134₹35₹169(+26.12%)
18 Sept 2026₹134₹37₹171(+27.61%)

Performance Adroit Industries (India)

Issue PriceListing GainCurrent Market PriceP/L
Rs.126 - Rs.134₹ 235 (75.37%) ₹ 164.6722.89%

About Adroit Industries (India)

Adroit Industries (India) Limited is a manufacturer and supplier of propeller shafts and related torque-transmission components for automotive and non-automotive applications. Its product portfolio includes precision-machined torque-transmission components, complete propeller shaft assemblies and forged components used as intermediate inputs in its manufacturing process. The company’s manufacturing capabilities cover forging, precision machining, heat treatment, assembly, balancing and testing, and it offers more than 5,000 SKUs of torque-transmission components and assemblies as of July 31, 2026. Its products are used mainly in commercial vehicles and, to a limited extent, passenger vehicles such as SUVs, as well as in defence and emergency services, heavy equipment, off-highway machinery and industrial equipment. The company supplies products through distributors, Tier-1 driveline component suppliers and directly to original equipment manufacturers (OEMs). It supplied products to customers in more than 32 countries during FY26, including the United States, Canada, Australia, Mexico, the United Kingdom, and countries across Europe, Latin America, the Middle East, Africa, and Asia-Pacific.

Founded in1966
Managing directorMr Saurabh Sangla
Parent organization

Financial Overview

Strengths

5
  1. 1

    Integrated setup with full in-house forging and machining.

  2. 2

    Diversified product applications across auto and non-auto segments.

  3. 3

    Wide global presence with export revenues spanning 32+ countries.

  4. 4

    Established business relationships with repeat distributor orders.

  5. 5

    Localized warehousing support for key North American operations.

Risks

5
  1. 1

    Substantial export revenues are concentrated in the US market.

  2. 2

    High customer concentration with top 10 clients driving revenue.

  3. 3

    All manufacturing plants are concentrated in Madhya Pradesh.

  4. 4

    Raw material sourcing relies heavily on a limited supplier base.

  5. 5

    Outstanding tax, legal, and regulatory proceedings against promoters.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)195.04
Non-Institutional Investors (NIIs)332.35
Retail Individual Investors (RIIs)99.81
EmployeeN/A
Total123.79