Adroit Industries (India) Limited IPO
23 Sept 2026 – 25 Sept 2026
Share Price
- Candle
- 6 Oct
- O
- ₹212.99
- H
- ₹212.99
- L
- ₹212.99
- C
- ₹212.99
4 trading days since listing · NSE end-of-day prices
Issue Details
- Price Band
- ₹126 – ₹134
- Lot Size
- 111 shares
- Min Investment
- ₹14,874 (1 lot · 111 shares)
- Face Value
- ₹10
- Fresh Issue
- 13,50,000 shares (to the company)
- Offer for Sale
- 13,50,000 shares (to selling holders)
- Issue Size
- Initial Public offer comprising of Fresh issue up to 9,897,000 and offer for sale up to 1,350,000 Equity Shares (including Anchor portion of 33,74,100 Equity Shares)
- Registrar
- Bigshare Services Private Limited ↗
Timetable
GMP History
Latest GMP ₹55 · Last updated 7 Oct 2026, 11:51 am IST
| Date | GMP | GMP % | Change | Est. Listing | Updated (IST) |
|---|---|---|---|---|---|
| 29 Sept | ₹57 | +42.5% | −₹1 | ₹191 | |
| 28 Sept | ₹58 | +43.3% | +₹3 | ₹192 | |
| 27 Sept | ₹55 | +41.0% | +₹1.5 | ₹189 | |
| 26 Sept | ₹53.5 | +39.9% | +₹6.5 | ₹187.5 | |
| 25 Sept | ₹47 | +35.1% | +₹10 | ₹181 | |
| 24 Sept | ₹37 | +27.6% | +₹2 | ₹171 | |
| 23 Sept | ₹35 | +26.1% | +₹1 | ₹169 | |
| 22 Sept | ₹34 | +25.4% | — | ₹168 |
Subscription
Category-wise bidding
| Category | Offered | Bid for | Times |
|---|---|---|---|
| QIB | 22,49,40028.6% | 33,80,51,499 | 150.29x |
| NII / HNI | 16,87,05021.4% | 39,13,80,783 | 231.99x |
| bNII · bids above ₹10L | 11,24,70014.3% | 28,45,03,212 | 252.96x |
| sNII · bids ₹2L–₹10L | 5,62,3507.1% | 10,68,77,571 | 190.06x |
| Retail | 39,36,45050.0% | 22,74,68,082 | 57.79x |
Bids received on NSE, as at 25-Sep-2026 19:00:49 IST. The two NII rows are parts of the NII total above them, not additions to it.
Day-wise subscription
| Date | QIB | NII / HNI | Retail | Total |
|---|---|---|---|---|
| 25 Sept | — | — | — | 121.54x |
| 24 Sept | 1.82x | 27.21x | 23.43x | 18.07x |
| 23 Sept | 0.05x | 7.20x | 7.24x | 5.18x |
Financials
All values in ₹ crore
About Adroit Industries (India)
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 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
As published in the company's own offer documents.
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
As stated by the company in its prospectus — not our assessment.
The company's own risk factors are not shown here. They run to dozens of pages in the Red Herring Prospectus, under “Risk Factors”, and are worth the read before applying.
Lead Managers
- Choice Capital Advisors Private Limited
Offer details
Application sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min)one lot, the smallest bid allowed | 1 | 111 | ₹14,874 |
| Retail (max)most that stays under ₹2L | 13 | 1,443 | ₹1,93,362 |
| S-HNI (min)first bid over ₹2L | 14 | 1,554 | ₹2,08,236 |
| S-HNI (max)most that stays under ₹10L | 67 | 7,437 | ₹9,96,558 |
| B-HNI (min)first bid over ₹10L | 68 | 7,548 | ₹10,11,432 |
Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.
Issue mechanics
- Issue Type
- Book Building
- Minimum Order
- 111 Equity Shares
- Categories
- FI, IC, MF, FII, OTH, CO, IND, and NOH
- UPI Eligible
- IND (upto 5 Lakhs)
- Max Bid (Retail)
- Rs. 2,00,000
- Max Bid (QIB)
- 78,72,897 Equity Shares in multiple of 111 Equity Shares (Calculated at Higher end price band)
- Max Bid (NII)
- 56,23,482 Equity Shares in multiple of 111 Equity Shares (Calculated at Higher end price band)
- Tick Size
- Re. 1
- Bidding Hours
- 10.00 a.m. to 5.00 p.m.
- UPI Mandate Cut-off
- 25-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability
- Sponsor Bank
- Kotak Mahindra Bank Limited
Registrar
- Name
- Bigshare Services Private Limited
- Address
- Office No. S6-2, 6th Floor Pinnacle Business Park Next to Ahura Center Mahakali Caves Road Andheri East Mumbai - 400 093 Maharashtra, India
- Contact
- Babu Rapheal C, +91 022 6263 8200, ipo@bigshareonline.com
Documents
- Red Herring ProspectusThe full offer documentPDF
- Basis of Issue PriceHow the band was arrived atPDF
- Anchor AllocationWho was allotted before the issue openedPDF
- Application FormThe blank ASBA form, as filedPDF
- Bidding CentresWhere a physical form can be handed inPDF
- Security ParametersTick size, lot and limits as filed with the exchangePDF
- Security Parameters (post-anchor)The same, restated after the anchor book closedPDF
Published by NSE as ZIP archives; opened here as the PDF inside.
Collected from NSE and public sources. Always confirm against the prospectus before applying.
Frequently Asked Questions
What is the GMP of Adroit Industries (India) Limited IPO today?
The latest grey market premium for Adroit Industries (India) Limited IPO is ₹55. GMP is unofficial and indicative only — it is not a guarantee of listing price.
What is the price band of Adroit Industries (India) Limited IPO?
The price band is ₹126 – ₹134, with a lot size of 111 shares. The minimum investment is ₹14,874.
When does Adroit Industries (India) Limited IPO open and close?
The issue opens on 23 Sept 2026 and closes on 25 Sept 2026. Listing is expected on 30 Sept 2026.
Who is the registrar for Adroit Industries (India) Limited IPO?
Bigshare Services Private Limited is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.