Adroit Industries (India) IPO GMP today is Rs 58. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
ADROITIND
Adroit Industries (India) IPO GMP & Allotment
Adroit Industries (India) Limited is an integrated manufacturer and supplier of propeller shafts and related drivetrain components catering to automotive and non-automotive applications. The company’s core business activities encompass the manufacture of precision-engineered propeller shafts, driveline assemblies, and components, operating across both upstream forging and downstream machining operations. It generates revenue primarily through the sale of products, comprising machined products, propeller shafts, and related torque-transmission components supplied to domestic and international markets. Operating across commercial vehicle, passenger vehicle, off-highway, industrial, and specialized sectors, the company serves a customer base comprising independent automotive parts distributors, Tier-1 driveline component suppliers, and original equipment manufacturers. Adroit Industries (India) Limited operates vertically integrated manufacturing operations through its facilities in Madhya Pradesh, carrying out die-making, precision forging, heat treatment, machining, dynamic balancing, assembly, and testing.
- IPO Price Band
- ₹126.00 - ₹134.00
- Lot Size
- 111 Shares
- Bidding Closes
- 25 Sept 2026
- Listing Date
- 30 Sept 2026
Quick Answer & Highlights
Adroit Industries (India) IPO GMP Today & Key Takeaways
Last updated: 29 Sept 2026
Adroit Industries (India) IPO officially listed on 30 Sept 2026 at Rs 235.00, delivering a +75.37% listing gain compared to its issue price of Rs 150.71. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹58.
Adroit Industries (India) IPO officially listed on 30 Sept 2026 at ₹235.00, delivering a +75.37% listing gain compared to its issue price of ₹150.71. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹58.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹58 | +43.28% vs upper band (29 Sept 2026) |
| Est. Listing Price | ₹235.00 | +75.37% Est. Listing Gain |
| Price Band | ₹126.00 - ₹134.00 | Mainboard IPO |
| Retail Minimum Investment | ₹14,874 | 1 Lot (111 Shares) |
| Bidding Window | 23 Sept 2026 – 25 Sept 2026 | Listed |
| Allotment & Listing Dates | Allotment: 28 Sept 2026 | Listing: 30 Sept 2026 |
Current GMP Status
₹58
+43.28% vs upper band
Est. Listing Gain
+75.37%
Last Trend
29 Sept 2026
Listing Price
₹235.00
Retail Entry
₹14,874
IPO Details
Complete IPO information
| IPO Open Date | 23 Sept 2026 |
|---|---|
| IPO Close Date | 25 Sept 2026 |
| IPO Price Band | ₹126.00 - ₹134.00 |
| Lot Size | 111 Shares |
| Current GMP | ₹58 |
| Estimated Listing Gain | +75.37% |
| Issue Size | Approx ₹150.71 Cr |
| Fresh Issue | Approx ₹132.62 Cr |
| Issue Type | Mainboard |
| IPO Listing | BSE, NSE |
| Retail Quota | TBA |
| Registrar | Bigshare Services Pvt. Ltd. |
| Overall Subscription | 176.85x |
| Minimum Investment | ₹14,874 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 22.49 | 4,387.19 | 195.04xx |
| NII | 16.87 | 5,606.83 | 332.35xx |
| Retail | 39.36 | 3,928.92 | 99.81xx |
| Overall Subscription | 78.73 | 13,922.94 | 176.85xx |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Adroit Industries (India) is priced at ₹134 per share. With a minimum lot size of 111 shares, a retail investor applying for one lot would need approximately ₹14,874 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Adroit Industries (India) stands at ₹58, implying an estimated listing gain of around 43.28% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Adroit Industries (India)'s IPO was subscribed 176.85x overall, with a category-wise breakdown of Retail 99.81x, QIB 195.04x, NII 332.35x.
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
23 Sept 2026
✓
Bidding Closes
25 Sept 2026
✓
Allotment
28 Sept 2026
✓
Listing
30 Sept 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 23 Sept 2026 | Completed |
| Bidding Closes | 25 Sept 2026 | Completed |
| Allotment | 28 Sept 2026 | Completed |
| Listing | 30 Sept 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 29 Sept 2026 | ₹58.00 | - | 43.28% |
| 28 Sept 2026 | ₹58.00 | +₹11.00 | 43.28% |
| 26 Sept 2026 | ₹47.00 | +₹13.00 | 35.07% |
| 25 Sept 2026 | ₹34.00 | - | 25.37% |
| 24 Sept 2026 | ₹34.00 | - | 25.37% |
| 23 Sept 2026 | ₹34.00 | +₹2.00 | 25.37% |
| 22 Sept 2026 | ₹32.00 | - | 23.88% |
| 21 Sept 2026 | ₹32.00 | -₹5.00 | 23.88% |
| 19 Sept 2026 | ₹37.00 | - | 27.61% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 111 | ₹14,874 |
| Retail Maximum | 13 Lot | 1,443 | ₹1,93,362 |
| S-HNI Minimum | 14 Lot | 1,554 | ₹2,08,236 |
| S-HNI Maximum | 67 Lot | 7,437 | ₹9,96,558 |
| B-HNI Minimum | 68 Lot | 7,548 | ₹10,11,432 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Adroit Industries IPO Reservation
The Adroit Industries IPO reservation is divided among qualified institutional buyers, non-institutional investors and retail investors. The reservation structure below shows the indicative share allocation across each investor category.
| Investor Category | Share Offered | % Shares |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Note: The share quantities are currently shown as provided in the IPO reservation data and may be updated when the final allocation details are available.
Analysis
Adroit Industries IPO Anchor Investors
Adroit Industries IPO anchor investor details provide information about the anchor bidding date, shares reserved for anchor investors and the applicable lock-in periods. The available anchor investor information is given below.
| Particular | Details |
|---|---|
| Anchor Bidding Date | September 22, 2026 |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date – 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date – 50% Shares (90 Days) | 2026 |
Note: Anchor investor share quantity, issue size and lock-in dates will be updated as the final IPO allocation details become available.
Analysis
Adroit Industries (India) IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 23 Sept 2026 |
| IPO Close Date | 25 Sept 2026 |
| Basis of Allotment | 28 Sept 2026 |
| Refunds | 29 Sept 2026 |
| Credit to Demat Account | 29 Sept 2026 |
| IPO Listing Date | 30 Sept 2026 |
Note: The timeline for Adroit Industries (India) IPO is tentative and subject to change.
Analysis
Adroit Industries IPO Promoters and Holding Pattern
The promoter group will continue to hold a significant stake in Adroit Industries after the IPO. The holding pattern below compares the shareholding position before the IPO with the expected position after the issue.
Promoters: Saurabh Sangla, Mukesh Sangla, Monika Sangla, Shubhangi Trust, Shreya Trust and Swan Irrigation.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 33,549,334 | 96.10% | 32,199,334 | 71.86% |
| Others* | 1,362,006 | 3.90% | 12,609,006 | 28.14% |
| Total | 3,49,11,340 | 100% | 4,48,08,340 | 100% |
Note: The holding pattern is presented as provided in the IPO information and reflects the promoter and other shareholder positions before and after the issue.
Analysis
Adroit Industries (India) Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Machinery procurement & transit vehicle for Dewas Facility | 19.91 (15.01%) |
| Investment in subsidiary ADPL for machinery & vehicle at Pithampur | 43.96 (33.15%) |
| Investment in subsidiary ADPL for loan repayment/prepayment | 24.12 (18.19%) |
| General Corporate Purposes | 44.63 (33.65%) |
Note: Objectives are as specified in the DRHP/RHP documents of Adroit Industries (India).
Analysis
Adroit Industries About Ipo
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.
Analysis
Adroit Industries (India) Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 125.10 Cr. | 107.14 Cr. | 14.53 Cr. | 199.39 Cr. |
| 2025 | 136.61 Cr. | 113.79 Cr. | 18.14 Cr. | 187.01 Cr. |
| 2026 | 143.04 Cr. | 110.14 Cr. | 26.16 Cr. | 212.74 Cr. |
Note: Financial numbers for Adroit Industries (India) are in ₹ Crores unless stated otherwise.
Analysis
Adroit Industries (India) Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 22.51% |
| ROCE | 19.01% |
| EBITDA Margin | 27.66% |
| PAT Margin | 18.69% |
| Debt to Equity Ratio | 0.41 |
| Earning Per Share (EPS) | 7.48 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 22.51% |
| Net Asset Value (NAV) | 36.84 |
Note: Valuation KPIs for Adroit Industries (India) are computed for FY2026.
Analysis
Adroit Industries (India) IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Hindustan Hardy Ltd | 55.92 | 12.98 | 25.00% | 250.24 | 108.79 Cr. |
| Talbros Engineering Ltd | 57.34 | 10.70 | 17.32% | 359.20 | 535.74 Cr. |
| GNA Axles Ltd | 27.24 | 20.85 | 12.28% | 233.89 | 1,478.42 Cr. |
Note: Peer group comparisons for Adroit Industries (India) are sourced from DRHP filings.
Analysis
Adroit Industries IPO Lead Managers aka Merchant Bankers
- Choice Capital Advisors Pvt.Ltd.
Comparison
Compare Adroit Industries (India) IPO with similar IPOs
FAQ
Adroit Industries (India) IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 58 and an issue price of Rs 134, the estimated listing price for Adroit Industries (India) IPO is Rs 192.00 (approx 43.28% listing gain). Actual listing price is determined by market demand on the listing day.
Adroit Industries (India) IPO price band is Rs 126.00 to Rs 134.00. Check the latest issue price, lot size and GMP together before applying.
Adroit Industries (India) IPO open date is 23 Sept 2026, close date is 25 Sept 2026, and listing date is 30 Sept 2026.
Adroit Industries (India) IPO lot size is 111 shares. The minimum retail investment is Rs 14,874.
Adroit Industries (India) is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Adroit Industries (India) IPO subscription status currently shows Retail 99.81x, QIB 195.04x, NII 332.35x, Overall 176.85x.
Adroit Industries (India) Limited is an integrated manufacturer and supplier of propeller shafts and related drivetrain components catering to automotive and non-automotive applications. The company’s core business activities encompass the manufacture of precision-engineered propeller shafts, driveline assemblies, and components, operating across both upstream forging and downstream machining operations. It generates revenue primarily through the sale of products, comprising machined products, propeller shafts, and related torque-transmission components supplied to domestic and international markets. Operating across commercial vehicle, passenger vehicle, off-highway, industrial, and specialized sectors, the company serves a customer base comprising independent automotive parts distributors, Tier-1 driveline component suppliers, and original equipment manufacturers. Adroit Industries (India) Limited operates vertically integrated manufacturing operations through its facilities in Madhya Pradesh, carrying out die-making, precision forging, heat treatment, machining, dynamic balancing, assembly, and testing.
Adroit Industries (India) IPO issue size is TBA and the expected allotment date is 28 Sept 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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