Adroit Industries (India) Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

23 Sep 2026

Close Date

25 Sep 2026

Allotment

28 Sep 2026

Listing Date

30 Sep 2026

Exchange

NSE & BSE

Price Band

₹134

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹134

Per share

Face Value

₹10 per share

Lot Size

111 Shares

per lot

Issue Size

1,12,47,000 shares (agg. up to ₹151 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,874

1 lot

Pre-IPO Holding

3,49,11,340 shares

Promoters

Post-IPO Holding

4,48,08,340 shares

Promoters

P/E (Pre)

25.77x

P/E (Post)

28.21x

EPS (Pre)

₹5.20

EPS (Post)

₹4.75

UPI Deadline

5:00 PM on 25 Sep 2026

Mandate

GMP

+₹35

+26.12% est.

Anchor AllotmentTue, 22 Sep 2026

Basis of AllotmentMon, 28 Sep 2026

Refund InitiationTue, 29 Sep 2026

Demat CreditTue, 29 Sep 2026

Listing DayWed, 30 Sep 2026

UPI Mandate Deadline5:00 PM on 25 Sep 2026

Sale TypeFresh capital cum OFS

Fresh Issue Shares98,97,000 shares (agg. up to ₹133 Cr)

Offer for Sale13,50,000 shares of ₹10 (agg. up to ₹18 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Adroit Industries (India) Ltd IPO subscribed 122.97 times overall. Retail: 97.45x. QIB: 78.49x. NII: 330.76x. By 25 Sep 2026.

QIB

78.49x

Over

NII/HNI

330.76x

Over

Retail

97.45x

Over

Total

122.97x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 78.49x	5,623,500	—	₹75.35
NII / HNI	Over 330.76x	1,687,050	—	₹22.61
Retail	Over 97.45x	3,936,450	—	₹52.75
Total	122.97x	11,247,000	100%	₹150.71

IPO Shares Offered

Adroit Industries (India) Ltd IPO total issue size: ₹150.71 Cr. Retail: ₹52.75 Cr. QIB: ₹75.35 Cr. NII: ₹22.61 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
QIB	5,623,500	₹75.35	50.00%
NII	1,687,050	₹22.61	15.00%
Retail	3,936,450	₹52.75	35.00%
Total	11,247,000	₹150.71	100.00%

* Based on upper price band ₹134 per share

Basis of Allotment

	QIB			NII			Retail	Total
	Ex. Anchor	Anchor	Total QIB	Below ₹10L	Above ₹10L	Total NII	Retail	Total
Allocation (shares)	—	—	—	—	—	1,687,050	3,936,450	5,623,500
Allotment price (₹)	134	134	134	134	134	134	134	134
No. of applications	—	—	—	—	—	—	—	—
No. of shares applied	—	—	—	—	—	—	—	—
Amount collected (₹Cr)	—	—	—	—	—	—	₹52.75	₹52.75
Times subscribed	78.49x	—	—	—	—	330.76x	97.45x	122.97x
Shares allotted	—	—	—	—	—	1,687,050	3,936,450	5,623,500
No. of allottees	—	—	—	—	—	—	—	—

* Upper price band ₹134 · ** Anchor allotment excluded from public shares

Lot Size & Investment

Lot Size

111

Shares per Lot

Issue Price

₹134.00

Upper Band

Min Investment

₹14,874

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	222	₹29,748
Retail (Max — 13 Lots)	13	1,443	₹193,362
S-HNI (Min — 14 Lots)	14	1,554	₹208,236
B-HNI (Min — 68 Lots)	68	7,548	₹1,011,432

* Issue Price ₹134 × Lot Size 111 shares

IPO Schedule

Anchor

22 Sep 2026

✓ Done

IPO Open

23 Sep 2026

✓ Done

IPO Close

25 Sep 2026

✓ Done

Allotment

28 Sep 2026

✓ Done

Refunds

29 Sep 2026

✓ Done

Demat Credit

29 Sep 2026

✓ Done

Listing Day

30 Sep 2026

✓ Done

₹134.00

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Issue ₹134.00 GMP: +₹35 Live Price

About Adroit Industries (India) Ltd

Adroit Industries (India) Ltd., incorporated in 1966, is a manufacturer of propeller shafts and torque-transmission components used in vehicles and industrial machinery.The company has a fully integrated manufacturing setup, handling everything from forging and machining to assembly and testing, which helps maintain quality and efficiency.The company offers over 5,000 products to distributors, large component manufacturers, and OEMs. These are mainly used in commercial vehicles, defense, heavy equipment, and industrial machinery.Its manufacturing facilities are located in Madhya Pradesh, India, and are equipped to support large-scale production.Its customer base includes well-known companies such as Godrej & Boyce Manufacturing Company Limited, BEML Limited, VE Commercial Vehicles Limited, Sandvik Mining and Rock Technology India Private Limited, Oilgear India Private Limited, and other industrial and infrastructure players.Adroit has a strong international presence, exporting to over 25 countries across North America, Europe, the Asia-Pacific region, and other regions. It also maintains long-term relationships with reputed customers, supporting steady revenue and repeat business.Competitive Strengths:A large and diversified product portfolio with over 5,000 SKUsFully integrated manufacturing operations ensure quality control and cost efficiencyStrong and long-standing relationships with a diversified customer baseHigh entry barriers supported by technical expertise and validation capabilitiesWell-established export network across multiple international marketsExperienced promoters and management team driving business growth

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

Adroit Industries (India) Ltd Financials (Amount in ₹ Crore)

Revenue from Operations

₹125.1

31 Mar 2024

₹136.6

31 Mar 2025

₹71.5

30 Sep 2025

Profit After Tax (PAT)

₹14.5

31 Mar 2024

₹18.1

31 Mar 2025

₹10.6

30 Sep 2025

Particulars	30 Sep 2025	31 Mar 2025	31 Mar 2024
Revenue from Operations	71.45	136.61	125.10
EBITDA	15.24	31.02	29.69
Profit After Tax (PAT)	10.64	18.14	14.53
Net Worth	114.96	103.53	87.82
Total Assets	205.69	187.01	199.39
Reserves & Surplus	97.50	86.07	70.37
Borrowings	5.11	8.32	16.29
EBITDA Margin (%)	23.17	—	—
PAT Margin (%)	13.55	—	—

P/BV Ratio

4.52

RoE

18.97

RoCE

17.06

RoNW

18.94

PAT Margin

13.55

EBITDA Margin

23.17

Debt/Equity

0.63

Issue Structure & Shareholding

Total Shares Offered1,12,47,000

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding3,49,11,340 shares

Post-Issue Promoter Holding4,48,08,340 shares

P/BV Ratio4.52

RoE18.97

RoCE17.06

Debt / Equity0.63

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

8657578989/8069219065/8069219060

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Choice Capital Advisors Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Adroit Industries (India) Ltd IPO subscribed? ▲

Adroit Industries (India) Ltd IPO is subscribed 122.97 times by Sep 25, 2026. Retail: 97.45x. QIB: 78.49x. NII: 330.76x.

Investor Category	Subscription
Qualified Institutional (QIB)	78.49x
Non Institutional (NII/HNI)	330.76x
Retail Individual	97.45x
Total Subscription	122.97x

What is Adroit Industries (India) Ltd IPO retail subscription status? ▼

The Adroit Industries (India) Ltd IPO retail category is subscribed 97.45 times as of 25 Sep 2026. The retail portion is oversubscribed.

How to subscribe Adroit Industries (India) Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 23 Sep 2026 and closes 25 Sep 2026. Min investment: ₹14,874 (1 lot = 111 shares). UPI mandate: 5:00 PM on 25 Sep 2026.

How many times Adroit Industries (India) Ltd IPO subscribed? ▼

The Adroit Industries (India) Ltd IPO subscribed 122.97x overall. QIB: 78.49x, NII: 330.76x, Retail: 97.45x. Applications: from NSE/BSE.

How to check Adroit Industries (India) Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 28 Sep 2026. Refunds: on 29 Sep 2026.

When Adroit Industries (India) Ltd IPO will be listed? ▼

The Adroit Industries (India) Ltd IPO listing date is 30 Sep 2026, Wednesday. Listed on: NSE & BSE. Issue price: ₹134. Estimated listing: ₹169. GMP: +₹35.

When Adroit Industries (India) Ltd IPO close? ▼

The Adroit Industries (India) Ltd IPO closes on 25 Sep 2026, Friday. UPI mandate: 5:00 PM on 25 Sep 2026. Allotment: 28 Sep 2026. Listing: 30 Sep 2026.

Quick Actions

Check Allotment

Live Price LIVE

Last Price₹134.00

Change—

Issue Price₹134.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹134

Face Value₹10

Lot Size111 Sh

Min. Amount₹14,874

GMP+₹35

Est. Listing₹169

Subscribed122.97x

Open Date23 Sep 2026

Close Date25 Sep 2026

Allotment28 Sep 2026

Listing Date30 Sep 2026

ExchangeNSE & BSE

UPI Deadline5:00 PM on 25 Sep 2026