Adroit Industries (India) IPO Opens for Subscription
Adroit Industries (India) IPO opened for subscription on September 23, 2026, and will remain open until September 25. The book-built issue comprises a fresh issue of 98.97 lakh shares worth ₹132.62 crore and an offer for sale of 13.50 lakh shares worth ₹18.09 crore. The shares are scheduled to list on both BSE and NSE on September 30.
| Particular | Details |
|---|---|
| IPO Name | Adroit Industries (India) IPO |
| IPO Dates | Sep 23–25, 2026 |
| Price Band | ₹126–₹134 |
| Issue Size | ₹150.71 Cr |
| Fresh Issue | ₹132.62 Cr |
| Offer for Sale | ₹18.09 Cr |
| Total Shares | 1.12 Cr |
| Lot Size | 111 Shares |
| Minimum Investment | ₹14,874 |
| Listing | BSE & NSE |
| Allotment | Sep 28, 2026 |
| Refund / Demat | Sep 29, 2026 |
| Listing Date | Sep 30, 2026 |
| Lead Manager | Choice Capital Advisors |
| Registrar | Bigshare Services |
Adroit Industries (India) IPO GMP Today
The latest grey-market updates put the Adroit Industries IPO GMP around ₹28–₹32 per share, although different trackers are reporting different figures. NDTV Profit reported ₹32, while India IPO reported ₹28. At the upper price band of ₹134, these figures imply unofficial indicative prices of roughly ₹162–₹166.
| GMP Particular | Latest Update |
|---|---|
| GMP Range | ₹28–₹32 |
| Upper Price Band | ₹134 |
| Indicative Price | ₹162–₹166 |
| Indicative Premium | ~20.90%–23.88% |
GMP is an unofficial and unregulated market indicator. It can change quickly before listing and should not be treated as a guaranteed listing price.
Adroit Industries (India) IPO Subscription Status
The IPO opened today, so subscription figures are still developing. The issue has a 20% reservation for QIBs, 15% for NIIs and 35% for retail investors, while 30% of the issue has been allocated to anchor investors.
| Category | Reservation |
|---|---|
| QIB | 20% |
| NII | 15% |
| Retail | 35% |
| Anchor Investors | 30% |
The latest exchange-linked subscription tracker checked was still showing the public bidding figures as awaiting updates.
Adroit Industries (India) Business Overview
Adroit Industries (India) is an automotive and industrial component manufacturer with more than five decades of operating experience. The company manufactures propeller shafts and precision-machined torque-transmission components used in driveline systems.
Its vertically integrated manufacturing capabilities cover forging, precision machining, heat treatment, assembly, balancing and testing. As of July 31, 2026, the company offered more than 5,000 SKUs of torque-transmission components and assemblies.
Its products serve automotive as well as non-automotive applications, including commercial vehicles, off-highway equipment and other industrial uses.
Adroit Industries Manufacturing Facilities and Products
The company operates manufacturing facilities in Dewas and Pithampur in Madhya Pradesh, with its subsidiary Adroit Driveshafts Private Limited playing an important role in the manufacturing operations.
Its product portfolio includes complete propeller shaft assemblies, precision-machined torque-transmission components and forged components used as intermediate inputs in its vertically integrated production process.
The company also launched aluminium driveline components and expanded its product portfolio to more than 5,000 SKUs. In 2026, it incorporated Adroit Driveshafts USA LLC as an overseas wholly owned subsidiary.
Adroit Industries (India) Export Business
Exports form a significant part of Adroit Industries' business. According to company information reported by Moneycontrol, exports contributed approximately 95.4% of FY2026 revenue, with the remaining revenue coming from domestic business.
The high export contribution provides the company with exposure to international automotive and industrial markets, while also creating sensitivity to overseas demand, currency movements, logistics costs and global economic conditions.
Adroit Industries (India) Financial Performance
Adroit Industries has reported growth in profitability over the last three financial years. According to the financial data reported by Value Research, revenue increased from ₹124.53 crore in FY2024 to ₹139.94 crore in FY2026, while PAT increased from ₹14.53 crore to ₹26.16 crore.
| Financial Year | Revenue | PAT |
|---|---|---|
| FY2024 | ₹124.53 Cr | ₹14.53 Cr |
| FY2025 | ₹133.89 Cr | ₹18.14 Cr |
| FY2026 | ₹139.94 Cr | ₹26.16 Cr |
The financial trend shows relatively moderate revenue growth but stronger growth in profit after tax during the same period.
Adroit Industries Financial Highlights
The company's FY2026 EBIT was reported at ₹34.46 crore, while net worth increased to ₹128.62 crore. Debt declined from ₹81.85 crore in FY2024 to ₹52.40 crore in FY2026.
| Financial Indicator | FY2026 |
|---|---|
| Revenue | ₹139.94 Cr |
| EBIT | ₹34.46 Cr |
| PAT | ₹26.16 Cr |
| Debt | ₹52.40 Cr |
| Net Worth | ₹128.62 Cr |
| RoE | 20.34% |
The reduction in reported debt over the three-year period is notable, although the IPO also proposes using part of the fresh proceeds to repay borrowings at the subsidiary level.
Adroit Industries IPO Objects of the Issue
The fresh issue proceeds are primarily intended to fund capital expenditure at the company's Dewas facility and at its subsidiary's Pithampur facility. The company also plans to invest in transportation vehicles and repay or prepay certain borrowings of Adroit Driveshafts Private Limited.
| IPO Objective | Amount |
|---|---|
| Dewas Facility Capex | ₹19.90 Cr |
| Investment in Subsidiary for Capex | ₹43.95 Cr |
| Subsidiary Debt Repayment | ₹24.10 Cr |
| Balance | General Corporate Purposes |
The proposed capital expenditure is intended to enhance manufacturing capacity and support the company's future production requirements.
Adroit Industries IPO Valuation
At the upper price band of ₹134, Adroit Industries is seeking a valuation of approximately ₹600 crore, according to Moneycontrol.
The company operates in the automotive component industry and competes with listed companies such as Hindustan Hardy, Talbros Engineering and GNA Axles. However, differences in product mix, geographic exposure, customer profile and scale should be considered when comparing valuations.
Adroit Industries IPO Key Risks
Adroit Industries has a very high export contribution, making the company exposed to overseas automotive demand, currency fluctuations, international trade conditions and logistics costs.
The company's business is also closely linked to the automotive and industrial sectors. Changes in vehicle production, commercial-vehicle demand or industrial capital expenditure can influence demand for torque-transmission components.
Another factor is customer concentration and dependence on major orders. Manufacturing operations also require continued investment in machinery, equipment and working capital.
The company is using a substantial portion of IPO proceeds for capital expenditure and subsidiary debt repayment. The ability to efficiently utilise the expanded manufacturing capacity will therefore remain important after the IPO.
Adroit Industries IPO Important Dates
The Adroit Industries IPO opened on September 23 and will close on September 25, 2026. The basis of allotment is scheduled for September 28, refunds and demat credit are expected on September 29, and listing is scheduled for September 30 on BSE and NSE.
| IPO Event | Date |
|---|---|
| IPO Opening | Sep 23, 2026 |
| IPO Closing | Sep 25, 2026 |
| Allotment | Sep 28, 2026 |
| Refund | Sep 29, 2026 |
| Demat Credit | Sep 29, 2026 |
| Listing | Sep 30, 2026 |
Adroit Industries IPO Latest News Summary
Adroit Industries (India) IPO has opened with a price band of ₹126–₹134 and an issue size of ₹150.71 crore. The issue includes a ₹132.62 crore fresh issue and an ₹18.09 crore offer for sale. The company is scheduled to list on BSE and NSE on September 30.
The latest reported GMP is in the ₹28–₹32 range, although grey-market figures differ across trackers. The company reported FY2026 revenue of ₹139.94 crore and PAT of ₹26.16 crore, while debt stood at ₹52.40 crore and net worth at ₹128.62 crore.
The key updates to watch during the IPO period are category-wise subscription demand, changes in the unofficial GMP and the company's plans for manufacturing expansion and subsidiary debt reduction.
Disclaimer: IPO GMP is an unofficial and unregulated market indicator and can change at any time. Subscription figures may change throughout the bidding period and depend on the reporting time. This article is for informational purposes only and should not be considered investment advice.
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