Adroit Industries (India) IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 23 to Sep 25 2026
Price Band
₹126 - 134
Current GMP
₹235.0 (+75.37%)
Subscription
176.85 times
IPO Details
| IPO Date | 23 to 25 Sep, 2026 |
| Listing Date | Wed, Sep 30, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹126 to ₹134 |
| Issue Price | ₹134 per share |
| Lot Size | 111 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,12,47,000 shares (agg. up to ₹ 151 Cr) |
| Fresh Issue | 98,97,000 shares (agg. up to ₹ 133 Cr) |
| Offer for Sale | 13,50,000 shares of ₹ 10 (agg. up to ₹ 18 Cr) |
| Share Holding Pre Issue | 3,49,11,340 shares |
| Share Holding Post Issue | 4,48,08,340 shares |
| BSE Script Code / NSE Symbol | 544950 / ADROITIND |
| ISIN | INE505M01015 |
IPO Date
23 to 25 Sep, 2026
Listing Date
Wed, Sep 30, 2026
Face Value
₹ 10 per share
Price Band
₹126 to ₹134
Issue Price
₹134 per share
Lot Size
111 Shares
Sale Type
Fresh capital cum OFS
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Total Issue Size
1,12,47,000 shares (agg. up to ₹ 151 Cr)
Fresh Issue
98,97,000 shares (agg. up to ₹ 133 Cr)
Offer for Sale
13,50,000 shares of ₹ 10 (agg. up to ₹ 18 Cr)
Share Holding Pre Issue
3,49,11,340 shares
Share Holding Post Issue
4,48,08,340 shares
BSE Script Code / NSE Symbol
544950 / ADROITIND
ISIN
INE505M01015
IPO Subscription Details
| Anchor | 1 |
| QIB (Ex Anchor) | 195.04 |
| NII | 332.35 |
| bNII (> ₹10L) | 345.97 |
| sNII (< ₹10L) | 305.09 |
| Retail | 99.81 |
| Total ** | 176.85 |
Anchor
1
QIB (Ex Anchor)
195.04
NII
332.35
bNII (> ₹10L)
345.97
sNII (< ₹10L)
305.09
Retail
99.81
Total **
176.85
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Sep 2 3 (Day 1) | 0.05 | 7.30 | 5.70 | 10.48 | 7.29 | 5.22 |
| Sep 2 4 (Day 2) | 1.82 | 27.22 | 22.55 | 36.54 | 23.45 | 18.08 |
| Sep 2 5 (Day 3) | 195.04 | 332.35 | 345.97 | 305.09 | 99.81 | 176.85 |
DaySep 2
3 (Day 1)
QIB (Ex Anchor)0.05
NII7.30
NII (> ₹10L)5.70
NII (< ₹10L)10.48
Retail7.29
Total5.22
DaySep 2
4 (Day 2)
QIB (Ex Anchor)1.82
NII27.22
NII (> ₹10L)22.55
NII (< ₹10L)36.54
Retail23.45
Total18.08
DaySep 2
5 (Day 3)
QIB (Ex Anchor)195.04
NII332.35
NII (> ₹10L)345.97
NII (< ₹10L)305.09
Retail99.81
Total176.85
Day Wise GMP
| GMP Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 30-09-2026 | 134 | 55 (41.04%) | 189 |
| 29-09-2026 | 134 | 55 (41.04%) | 189 |
| 28-09-2026 | 134 | 58 (43.28%) | 192 |
| 27-09-2026 | 134 | 58 (43.28%) | 192 |
| 26-09-2026 | 134 | 53.5 (39.93%) | 187.5 |
| 25-09-2026 | 134 | 47 (35.07%) | 181 |
| 24-09-2026 | 134 | 37 (27.61%) | 171 |
| 23-09-2026 | 134 | 34 (25.37%) | 168 |
| 22-09-2026 | 134 | 34 (25.37%) | 168 |
| 21-09-2026 | 134 | 32 (23.88%) | 166 |
| 20-09-2026 | 134 | 32 (23.88%) | 166 |
| 19-09-2026 | 134 | 35 (26.12%) | 169 |
| 18-09-2026 | 134 | 37 (27.61%) | 171 |
GMP Date30-09-2026
IPO Price134
GMP55 (41.04%)
Est. Listing Price189
GMP Date29-09-2026
IPO Price134
GMP55 (41.04%)
Est. Listing Price189
GMP Date28-09-2026
IPO Price134
GMP58 (43.28%)
Est. Listing Price192
GMP Date27-09-2026
IPO Price134
GMP58 (43.28%)
Est. Listing Price192
GMP Date26-09-2026
IPO Price134
GMP53.5 (39.93%)
Est. Listing Price187.5
GMP Date25-09-2026
IPO Price134
GMP47 (35.07%)
Est. Listing Price181
GMP Date24-09-2026
IPO Price134
GMP37 (27.61%)
Est. Listing Price171
GMP Date23-09-2026
IPO Price134
GMP34 (25.37%)
Est. Listing Price168
GMP Date22-09-2026
IPO Price134
GMP34 (25.37%)
Est. Listing Price168
GMP Date21-09-2026
IPO Price134
GMP32 (23.88%)
Est. Listing Price166
GMP Date20-09-2026
IPO Price134
GMP32 (23.88%)
Est. Listing Price166
GMP Date19-09-2026
IPO Price134
GMP35 (26.12%)
Est. Listing Price169
GMP Date18-09-2026
IPO Price134
GMP37 (27.61%)
Est. Listing Price171
IPO Important Dates
| IPO Open | Wed, Sep 23, 2026 |
| IPO Close | Fri, Sep 25, 2026 |
| Allotment | Mon, Sep 28, 2026 |
| Refund | Tue, Sep 29, 2026 |
| Credit of Shares | Tue, Sep 29, 2026 |
| Listing | Wed, Sep 30, 2026 |
IPO Open
Wed, Sep 23, 2026
IPO Close
Fri, Sep 25, 2026
Allotment
Mon, Sep 28, 2026
Refund
Tue, Sep 29, 2026
Credit of Shares
Tue, Sep 29, 2026
Listing
Wed, Sep 30, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 111 | ₹14,874 |
| Retail (Max) | 13 | 1443 | ₹1,93,362 |
| S-HNI (Min) | 14 | 1554 | ₹2,08,236 |
| S-HNI (Max) | 67 | 7437 | ₹9,96,558 |
| B-HNI (Min) | 68 | 7548 | ₹10,11,432 |
ApplicationRetail (Min)
Lots1
Shares111
Amount₹14,874
ApplicationRetail (Max)
Lots13
Shares1443
Amount₹1,93,362
ApplicationS-HNI (Min)
Lots14
Shares1554
Amount₹2,08,236
ApplicationS-HNI (Max)
Lots67
Shares7437
Amount₹9,96,558
ApplicationB-HNI (Min)
Lots68
Shares7548
Amount₹10,11,432
Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 212.74 | 187.01 | 199.39 |
| Total Income | 143.04 | 136.61 | 125.10 |
| Profit After Tax | 26.16 | 18.14 | 14.53 |
| EBITDA | 38.71 | 31.02 | 29.69 |
| NET Worth | 128.63 | 103.53 | 87.82 |
| Reserves and Surplus | 105.59 | 96.92 | 78.79 |
| Total Borrowing | 52.40 | 8.32 | 16.29 |
Period EndedAssets
31 Mar 2026212.74
31 Mar 2025187.01
31 Mar 2024199.39
Period EndedTotal Income
31 Mar 2026143.04
31 Mar 2025136.61
31 Mar 2024125.10
Period EndedProfit After Tax
31 Mar 202626.16
31 Mar 202518.14
31 Mar 202414.53
Period EndedEBITDA
31 Mar 202638.71
31 Mar 202531.02
31 Mar 202429.69
Period EndedNET Worth
31 Mar 2026128.63
31 Mar 2025103.53
31 Mar 202487.82
Period EndedReserves and Surplus
31 Mar 2026105.59
31 Mar 202596.92
31 Mar 202478.79
Period EndedTotal Borrowing
31 Mar 202652.40
31 Mar 20258.32
31 Mar 202416.29
Key Performance Indicator
| ROE | 22.54% |
| ROCE | 19.01% |
| Debt/Equity | 0.41 |
| RoNW | 22.51% |
| PAT Margin | 18.69% |
| EBITDA Margin | 27.66% |
| NAV | 36.84 |
| P/B (x) | 3.64 |
ROE
22.54%
ROCE
19.01%
Debt/Equity
0.41
RoNW
22.51%
PAT Margin
18.69%
EBITDA Margin
27.66%
NAV
36.84
P/B (x)
3.64
IPO Reservation
| QIB | 56,23,500 |
| − Anchor Investor | 33,74,100 |
| − QIB (Ex. Anchor) | 22,49,400 |
| NII (HNI) | 16,87,050 |
| − bNII > ₹10L | 11,24,700 |
| − sNII < ₹10L | 5,62,350 |
| Retail | 39,36,450 |
| Total | 1,12,47,000 |
QIB
56,23,500
− Anchor Investor
33,74,100
− QIB (Ex. Anchor)
22,49,400
NII (HNI)
16,87,050
− bNII > ₹10L
11,24,700
− sNII < ₹10L
5,62,350
Retail
39,36,450
Total
1,12,47,000
Information about company
Incorporated in January 1995, Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts and torque-transmission components used in driveline systems. The Company offers a portfolio of over 5,000 SKUs comprising precision-machined torque-transmission components, complete propeller shaft assemblies and forged components. Its vertically integrated manufacturing capabilities cover forging, precision machining, heat treatment, assembly, balancing and testing, enabling end-to-end control over the production process.
The Company supplies its products through distributors, Tier-1 driveline component suppliers and directly to OEMs, based on customer-specific technical requirements. Its products cater primarily to commercial vehicles, as well as SUVs, defence and emergency services, heavy equipment, off-highway machinery and industrial applications.
The Company has a strong export presence, supplying products to customers across North America, Europe, Latin America, the Middle East, Africa and Asia-Pacific. During Fiscal 2026, it supplied products to customers across more than 32 countries.
The Company is supported by its subsidiary, Adroit Driveshafts Private Limited, and together they had 367 permanent employees as of July 31, 2026.
Competitive Strengths
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: 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
2: 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
3: 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
4: General Corporate Purposes
: Total
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