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Latest GMP
- Lead Manager
- Choice Capital Advisors Private Limited
- IPO Registrar
- Bigshare Services Private Limited
- IPO Open Date
- 23rd Sep 2026
- IPO Close Date
- 25th Sep 2026
- Allotment date
- 28th Sep 2026
- Listing date
- 30th Sep 2026
- Issue Size
- ₹ 151 Cr.
- Issue Price Band
- ₹ 126 to 134
- Lot Size
- 111 Share
- Minimum Investment
- ₹ 14874
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About ADROIT INDUSTRIES (INDIA) LIMITED
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.
Product Portfolio
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.
Manufacturing Facilities
Its manufacturing facilities are located in Madhya Pradesh, India, and are equipped to support large-scale production.
Customer Base
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
International Presence
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 SKUs
- Fully integrated manufacturing operations ensure quality control and cost efficiency
- Strong and long-standing relationships with a diversified customer base
- High entry barriers supported by technical expertise and validation capabilities
- Well-established export network across multiple international markets
- Experienced promoters and management team driving business growth
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 22,49,400 (28.57%) | 43,87,19,397 | 195.04 |
| NII | 16,87,050 (21.43%) | 56,06,83,422 | 332.35 |
| bNII (> ₹10L) | 11,24,700 (14.29%) | 38,91,15,939 | 345.97 |
| sNII (< ₹10L) | 5,62,350 (7.14%) | 17,15,67,483 | 305.09 |
| Retail | 39,36,450 (50.00%) | 39,28,92,381 | 99.81 |
| Total | 78,72,900 (100.00%) | 1,39,22,95,200 | 176.85 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 28-09-2026 | ₹134 | ₹58 | ₹192 ( 43.28% ) | ₹6,438.00 | 28-Sep-2026 10:03 AM |
| 26-09-2026 | ₹134 | ₹47 | ₹181 ( 35.07% ) | ₹5,217.00 | 26-Sep-2026 09:59 AM |
| 25-09-2026 | ₹134 | ₹40 | ₹174 ( 29.85% ) | ₹4,440.00 | 25-Sep-2026 05:38 PM |
| 24-09-2026 | ₹134 | ₹34 | ₹168 ( 25.37% ) | ₹3,774.00 | 24-Sep-2026 09:59 AM |
| 23-09-2026 | ₹134 | ₹34 | ₹168 ( 25.37% ) | ₹3,774.00 | 23-Sep-2026 10:09 AM |
| 22-09-2026 | ₹134 | ₹32 | ₹166 ( 23.88% ) | ₹3,552.00 | 22-Sep-2026 10:32 AM |
Financials of ADROIT INDUSTRIES (INDIA) LIMITED
A quick overview of the key Financial Performance of ADROIT INDUSTRIES (INDIA) LIMITED.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 5%, Profit after Tax (PAT) increased by 44%, Total Assets increased by 14% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 124.53 | 133.89 | 139.94 |
| Assets | 199.39 | 187.01 | 212.74 |
| Total Income | 125.10 | 136.61 | 143.04 |
| Profit After Tax | 14.53 | 18.14 | 26.16 |
| EBITDA | 29.69 | 31.02 | 38.71 |
| Net Worth | 87.82 | 103.53 | 128.63 |
| Reserves & Surplus | 70.37 | 86.07 | 93.72 |
| Total Borrowings | 81.86 | 64.78 | 52.40 |
IPO Lot Size
Application
Lots
Shares
Amount
Retail (Min)
1
111
₹ 14,874
Retail (Max)
13
1,443
₹ 1,93,362
S-HNI (Min)
14
1,554
₹ 2,08,236
S-HNI (Max)
67
7,437
₹ 9,96,558
B-HNI (Min)
68
7,548
₹ 10,11,432
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 111 | ₹ 14,874 |
| Retail (Max) | 13 | 1,443 | ₹ 1,93,362 |
| S-HNI (Min) | 14 | 1,554 | ₹ 2,08,236 |
| S-HNI (Max) | 67 | 7,437 | ₹ 9,96,558 |
| B-HNI (Min) | 68 | 7,548 | ₹ 10,11,432 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 22.54 |
| ROCE (%) | 19.01 |
| Debt / Equity | 0.41 |
| RoNW (%) | 22.51 |
| PAT Margin (%) | 18.69 |
| EBITDA Margin (%) | 27.66 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
7.48
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
96.1
-
|
IPO Lead Manager(s)
Lead Manager Details
- Choice Capital Advisors Private Limited
- Contact Person: Nimisha Joshi / Aditya Chanani
- SEBI Registration Number: INM000011872
- Investor Grievance Email: investorgrievances_advisors@choiceindia.com
- Website: https://www.choiceindia.com/merchant-investment-banking
- Email: aiil.ipo@choiceindia.com
- Phone: +91 22 6707 9999 (7919)
- Address: Sunil Patodia Tower, Plot No. 156-158, J.B. Nagar, Andheri (East), Mumbai - 400099, Maharashtra, India
IPO Registrar
- Registrar Name
- Bigshare Services Private Limited
- ipo@bigshareonline.com
- Phone
- +91 22 6263 8200
- Contact Person
- Babu Rapheal C
- SEBI Registration Number
- INR000001385
- Address
- Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Center, Mahakali Caves Road, Andheri East, Mumbai - 400093, Maharashtra, India
- Website
- https://www.bigshareonline.com/
Company Contact Details
- Company Name
- ADROIT INDUSTRIES (INDIA) LIMITED
- cs@adroitindustries.com
- Phone
- +91 9171114099
- Contact Person
- Garima Shukla
- Corporate Identity Number
- U74999MH1995PLC084474
- Address
- Gala No.02, Building No. A-2, Gr. Floor, Print World Industrial Complex, Survey No. 15/1, Mankoli Road, Vehele, Shastrinagar, Bhiwandi, Thane – 421 302, Maharashtra, India
- Website
- http://www.adroitindustries.com/
ADROIT INDUSTRIES (INDIA) LIMITED FAQs
