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Adroit Industries (India) Limited

MainboardlistedNSE · BSE
23 Sep 2026 – 25 Sep 2026
LISTED
Offer Price
₹126–134
Bid lot
111
Min Application
₹14,874
Issue Size
₹151 Cr

Key dates

Open date
23 Sep 2026
Done
Close date
25 Sep 2026
Done
Basis of allotment
28 Sep 2026
Done
Initiation of refunds
28 Sep 2026
Done
Credit to demat
28 Sep 2026
Done
Listing date
30 Sep 2026
Done

Issue reservation

₹151 Cr
QIB 50%10%5%Retail 35%
QIB
56.2 L sh · ₹75.50 Cr
50%
HNI (10L+)
11.2 L sh · ₹15.10 Cr
10%
HNI (2-10L)
5.6 L sh · ₹7.55 Cr
5%
Retail
39.4 L sh · ₹52.85 Cr
35%
Applications required for 1× subscription
Retail (≤₹2L)
35,464 forms
S-HNI (₹2–10L)
362 forms
B-HNI (>₹10L)
149 forms
From this issue's reservation split and lot size — the minimum bid each category can place.
BRLM: Choice Capital Advisors Private Limited

Lot ladder — how much to bid

1 lot = 111 shares
Retail · Up to ₹2 L1–13 lots
Min · 1 lot
111 sh · ₹14,874
Max · 13 lots
1,443 sh · ₹1,93,362
S-HNI · ₹2 L to ₹10 L14–67 lots
Min · 14 lots
1,554 sh · ₹2,08,236
Max · 67 lots
7,437 sh · ₹9,96,558
B-HNI · Above ₹10 L68+ lots
Min · 68 lots
7,548 sh · ₹10,11,432
Entry point
₹10,11,432 onward

Issue details

Lead managersChoice Capital Advisors Private Limited
Fresh issue98,97,015 sh · ₹133 Cr
Offer for sale13,50,000 sh · ₹18 Cr
Face value₹10
Listing onNSE · BSE
RegistrarBigshare Services Pvt.Ltd.
Live subscription
FinalUpdated 25 Sep 2026
176.85×
0×1×2×3×+
Heavily subscribed
Book₹105.50 Cr
Subscribed₹18,657 Cr
Applications37,09,493

Share-wise

by category
CategoryBook SizeSubscriptionNo. of Times
QIB (Ex. Anchor)
22,49,407₹30.14 Cr
43,87,19,397₹5,879 Cr
195.04×
HNI
16,87,052₹22.61 Cr
56,06,83,422₹7,513 Cr
332.35×
HNI (10L+)
11,24,701₹15.07 Cr
38,91,15,939₹5,214 Cr
345.97×
HNI (2-10L)
5,62,351₹7.54 Cr
17,15,67,483₹2,299 Cr
305.09×
Retail
39,36,455₹52.75 Cr
39,28,91,604₹5,265 Cr
99.81×
Total
78,72,914₹105.50 Cr
1,39,22,94,423₹18,657 Cr
176.85×

*QIB Book Size EXCLUDES the anchor portion of 33,74,100 shares, from the actual anchor allotment.

Application-wise

CategoryReq 1×TotalTimes
HNI (10L+)14950,762340.68×
HNI (2-10L)3621,05,670291.91×
Retail35,46429,90,30984.32×

Total applications: 31,46,741

Subscription Demand

in ₹ crore
CategoryApplied
QIB5878.84
HNI7513.16
HNI (10L+)5214.15
HNI (2-10L)2299.00
Retail5264.75
Total18656.75

Amounts at the upper band (₹134). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.

Grey-market sentiment
No grey-market data yet.
Financials

Particulars

FY26

FY25

FY24

Assets

212.74

187.01

199.39

Total Income

143.04

136.61

125.1

PAT

26.16

18.14

14.53

Net Worth

128.63

103.53

87.82

Reserves & Surplus

105.59

96.92

78.79

Total Borrowings

52.4

8.32

16.29

Objects of the issue
  • Dewas Facility CapEx: ₹19.91 crore for machinery and equipment.

  • Subsidiary CapEx: ₹43.96 crore for machinery and a transport vehicle at the Pithampur facility.

  • Subsidiary Borrowings: ₹24.12 crore towards loan repayment/prepayment.

  • General Corporate Purposes: Balance proceeds from the ₹132.62 crore fresh issue.

About the company

Incorporated in January 1995, Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts and torque-transmission components for driveline systems. The Company offers over 5,000 SKUs, including precision-machined components, complete propeller shaft assemblies and forged components. Its integrated manufacturing capabilities span forging, precision machining, heat treatment, assembly, balancing and testing, enabling end-to-end control over production.

The Company supplies its products through distributors, Tier-1 driveline component suppliers and directly to OEMs, catering to customer-specific technical requirements. Its products primarily serve commercial vehicles, along with SUVs, defence and emergency services, heavy equipment, off-highway machinery and industrial applications.

The Company has a strong export footprint across North America, Europe, Latin America, the Middle East, Africa and Asia-Pacific, with customers in more than 32 countries during Fiscal 2026.

Adroit Industries is supported by its subsidiary, Adroit Driveshafts Private Limited. Together, the two entities had 367 permanent employees as of July 31, 2026.

Company strengths

  • 5,000+ SKU product portfolio.

  • Strong financial performance.

  • Diversified global customer base.

  • Robust engineering and validation capabilities.

  • Vertically integrated manufacturing.

  • Experienced promoters and management.

  • Strong customer relationships and repeat business.

Promoters

Saurabh SanglaMukesh SanglaMonika SanglaShubhangi TrustShreya TrustSwan Irrigation LLP

Registered office & contact

Adroit Industries (India) Limited

Address - Gala No. 02, Building No. A-2, Gr. Floor

Print World Industrial Complex, Survey No. 15/1,

Mankoli Road, Vehele, Shastrinagar, Bhiwandi

Thane, Maharashtra, 421302

📞 +91 91711 14099

✉️ cs@adroitindustries.com

Documents

Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.

How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Adroit Industries (India) Limited IPO?

One lot of 111 shares — ₹14,874 at the upper price band of ₹134.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-09-30 on NSE / BSE.

₹126–134
Applications are closed.