What is the GMP of Adroit Industries IPO today?

The Grey Market Premium (GMP) for Adroit Industries IPO is currently ₹58. With an upper price band of ₹134, the estimated listing price is ₹192 per share, reflecting an expected listing gain of ~43.28%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Adroit Industries IPO?

The price band for Adroit Industries IPO is ₹126 to ₹134 per equity share. The minimum lot size is 111 shares, which requires a minimum retail application investment of ₹14,874.

What are the important dates for Adroit Industries IPO?

Adroit Industries IPO opens for subscription on 2026-09-23T00:00:00 and closes on 2026-09-25T00:00:00. The basis of allotment is scheduled for 2026-09-28T00:00:00, and shares are expected to list on 2026-09-30T00:00:00 on BSE, NSE.

How can I check the allotment status for Adroit Industries IPO?

You can check Adroit Industries IPO allotment status on the registrar's official portal (Bigshare Services Pvt Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Adroit Industries IPO?

Investors can apply for Adroit Industries IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Adroit Industries IPO open and close?

The IPO opens on 23 Sept 2026, and closes on 25 Sept 2026.

What is Adroit Industries IPO price band?

The issue price band is ₹126.00 to ₹134.00 per equity share.

What is the Adroit Industries IPO lot size?

The minimum lot size is 111 shares per application.

What is the Adroit Industries IPO allotment date?

The allotment is scheduled on 28 Sept 2026.

Adroit Industries IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

151.00 Cr

Price Band

₹126.00 - ₹134.00

Lot Size

111 Shares

Min Investment

₹14,874

GMP

₹58

Subscription

176.85x

₹18,656.82 Cr

23 Sept 2026

IPO Opens

COMPLETED

25 Sept 2026

IPO Closes

COMPLETED

28 Sept 2026

Basis of Allotment

COMPLETED

29 Sept 2026

Refunds

COMPLETED

29 Sept 2026

Demat Credit

COMPLETED

30 Sept 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

23 Sept 2026

IPO ClosesDONE

25 Sept 2026

Basis of AllotmentDONE

28 Sept 2026

RefundsDONE

29 Sept 2026

Demat CreditDONE

29 Sept 2026

ListingDONE

30 Sept 2026

About Adroit Industries IPO

Adroit Industries IPO open date is September 23, 2026 and the IPO will close on September 25, 2026. Adroit Industries IPO is a Book built Issue. The company to raise around ₹150.71 crores via IPO that comprises fresh issue of ₹132.62 crores and offer for sale up to 13,50,000 equity shares with face value of ₹10 each.

Adroit Industries IPO price band is ₹126 to ₹134 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Adroit Industries IPO to list on BSE, NSE on September 30, 2026. The allotment of Adroit Industries IPO date is September 28, 2026.

The company reported revenue of ₹143.04 crores in 2026 against ₹136.61 crores in 2025. The company reported profit of ₹26.16 crores in 2026 against profit of ₹18.14 crores in 2025

IPO Details

Adroit Industries IPO Details and Specifications
IPO Date	23 Sept 2026 to 25 Sept 2026
Face Value	₹10 Per Share
Price Band	₹126.00 - ₹134.00
Lot Size	111 Shares
Total Issue Size	Approx 151.00 Cr 1,12,46,998 Equity Shares
Fresh Issue	Approx 133.00 Cr 98,97,000 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35%
Sale Type	Fresh Issue
Issue Type	Bookbuilding IPO
Listing Date	30 Sept 2026
Listing At	BSE & NSE
Total Subscription Amount	₹18,656.82 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	56,23,500	50.00%
- Anchor	33,74,100	30.00%
- QIB (Ex. Anchor)	22,49,400	20.00%
NII	16,87,050	15.00%
- bNII > ₹10L	11,24,700	10.00%
- sNII < ₹10L	5,62,350	5.00%
Retail	39,36,450	35.00%
Total	1,12,47,000	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	1	111	₹14,874
Individual investors (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

About Company

Since its incorporation in January 1995, Adroit Industries has been a leading manufacturer and supplier of propeller shafts and torque-transmission components. Its product portfolio consists of over 5000 products, which includes precision-machined torque-transmission components, complete propeller shaft assemblies, and forged components. Its product range caters to a diverse range of industries such as commercial vehicles, SUVs, defence and emergency services, heavy equipment, off-highway machinery, and industrial applications.

Adroit Industries’ manufacturing facility combines advanced forging capabilities, specialized precision machining, heat treatment procedures, final assembly, dynamic balancing, and quality testing, offering end-to-end production capabilities. Furthermore, the firm exports its products to customers across North America, Europe, Latin America, the Middle East, Africa, and Asia-Pacific.

Contact Details

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

Visit Website

Registrar

Bigshare Services Pvt Ltd

8657578989/8069

Lead Managers

Choice Capital Advisors Pvt Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
30-Sep-2026 09:59 AM	+₹58	₹192	+43.28%	₹6,438
29-Sep-2026 06:07 PM	+₹58	₹192	+43.28%	₹6,438
28-Sep-2026 03:51 PM	+₹58	₹192	+43.28%	₹6,438
26-Sep-2026 10:00 AM	+₹47	₹181	+35.07%	₹5,217
25-Sep-2026 09:38 AM	+₹34	₹168	+25.37%	₹3,774
24-Sep-2026 06:06 PM	+₹34	₹168	+25.37%	₹3,774
23-Sep-2026 03:38 PM	+₹34	₹168	+25.37%	₹3,774
22-Sep-2026 09:34 AM	+₹32	₹166	+23.88%	₹3,552
21-Sep-2026 04:08 PM	+₹32	₹166	+23.88%	₹3,552
19-Sep-2026 05:10 PM	+₹37	₹171	+27.61%	₹4,107

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	195.04x	22,49,400	43,87,22,976	₹5,878.89 Cr
NII	332.34x	16,87,050	56,06,79,821	₹7,513.11 Cr
bNII > ₹10L	345.97x	11,24,700	38,91,12,459	₹5,214.11 Cr
sNII < ₹10L	305.09x	5,62,350	17,15,67,362	₹2,299.00 Cr
Retail	99.81x	39,36,450	39,28,97,075	₹5,264.82 Cr
Total	176.85x	78,72,900	1,39,22,99,872	₹18,656.82 Cr

Objects of the Issue

01 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 : 19.91 Cr
02 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 : 43.96 Cr
03 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 : 24.12 Cr
04 General Corporate Purposes : - Cr

Company Financials

Period Ended	31 MAR 2026	31 MAR 2025	31 MAR 2024
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

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2026
ROCE	19.01%
Debt/Equity Ratio	0.41
Return on Net Worth (RoNW)	22.51%
PAT Margin	18.69%
EBITDA Margin	27.66%
Net Asset Value (NAV)	₹36.84
Earning Per Share (EPS)	₹7.48

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
GNA Axles Ltd	27.24	20.85	233.89	12.28	1,478.42
Talbros Engineering Ltd	57.34	10.70	359.20	17.32	535.74
Hindustan Hardy Ltd	55.92	12.98	250.24	25.00	108.79

Promoters and Holding Pattern

Saurabh Sangla, Mukesh Sangla, Monika Sangla, Shubhangi Trust, Shreya Trust, Swan Irrigation are the company's promoters of Adroit Industries.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	96.10%	71.86%
Others*	3.90%	28.14%

Strengths

The company exhibits high profitability, with an EBITDA margin of 27.66% and a PAT margin of 18.69% in FY2026.
Export-Oriented Scale: Over 95% of its sales come from exports (around 95.39% to 96.27% across international markets like North America, Europe, and Latin America).
Extensive Product Portfolio: The company offers more than 5,000 SKUs covering automotive and non-automotive applications (such as commercial vehicles, tractors, defence, mining, and industrial machinery).
Improved Financial Metrics: Return on Equity (ROE), Return on Assets (ROA), and Return on Capital Employed (RoCE) have all shown consistent multi-year improvement, alongside a low debt-to-equity ratio of 0.41x.
Vertically Integrated Facilities: Operations span forging, machining, heat treatment, assembly, balancing, and testing across three manufacturing plants in Madhya Pradesh (Dewas, Pithampur, and Sanwer).
Clean Promoter Holding: Promoters hold a high stake (88.92%) with zero pledged shares.

Risks

High Export & Geopolitical Dependence: With roughly 95% to 96% of revenue tied to overseas shipments, the business is sensitive to foreign exchange fluctuations, global trade policies, tariffs, and shifts in U.S. or international demand.
Customer Concentration: Revenue is heavily reliant on a small group of buyers; the top 10 customers account for 60.86% of product sales.
Working Capital Intensity: The business model requires high working-capital investments to support its manufacturing and export pipeline.
Geographical Concentration of Plants: All of the company's production facilities are located within Madhya Pradesh, exposing operations to localized disruptions.
Profit Jump Dynamics: A notable portion of recent net profit growth has been influenced by currency swings rather than pure volume expansion.

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About Adroit Industries IPO

The company reported revenue of ₹143.04 crores in 2026 against ₹136.61 crores in 2025. The company reported profit of ₹26.16 crores in 2026 against profit of ₹18.14 crores in 2025

IPO Details

Adroit Industries IPO Details and Specifications
IPO Date	23 Sept 2026 to 25 Sept 2026
Face Value	₹10 Per Share
Price Band	₹126.00 - ₹134.00
Lot Size	111 Shares
Total Issue Size	Approx 151.00 Cr 1,12,46,998 Equity Shares
Fresh Issue	Approx 133.00 Cr 98,97,000 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35%
Sale Type	Fresh Issue
Issue Type	Bookbuilding IPO
Listing Date	30 Sept 2026
Listing At	BSE & NSE
Total Subscription Amount	₹18,656.82 Cr

Investor Category

Shares Offered

% Net Issue

QIB

56,23,500

50.00%

- Anchor

33,74,100

30.00%

- QIB (Ex. Anchor)

22,49,400

20.00%

NII

16,87,050

15.00%

- bNII > ₹10L

11,24,700

10.00%

- sNII < ₹10L

5,62,350

5.00%

Retail

39,36,450

35.00%

Total

1,12,47,000

100.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

111

₹14,874

Individual investors (Retail) (Max)

1,443

₹1,93,362

S-HNI (Min)

1,554

₹2,08,236

S-HNI (Max)

7,437

₹9,96,558

B-HNI (Min)

7,548

₹10,11,432

About Company

Contact Details

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

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

30-Sep-2026 09:59 AM

+₹58

₹192

+43.28%

₹6,438

29-Sep-2026 06:07 PM

+₹58

₹192

+43.28%

₹6,438

28-Sep-2026 03:51 PM

+₹58

₹192

+43.28%

₹6,438

26-Sep-2026 10:00 AM

+₹47

₹181

+35.07%

₹5,217

25-Sep-2026 09:38 AM

+₹34

₹168

+25.37%

₹3,774

24-Sep-2026 06:06 PM

+₹34

₹168

+25.37%

₹3,774

23-Sep-2026 03:38 PM

+₹34

₹168

+25.37%

₹3,774

22-Sep-2026 09:34 AM

+₹32

₹166

+23.88%

₹3,552

21-Sep-2026 04:08 PM

+₹32

₹166

+23.88%

₹3,552

19-Sep-2026 05:10 PM

+₹37

₹171

+27.61%

₹4,107

Adroit Industries IPO Details

About Adroit Industries IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Adroit Industries IPO open and close?

What is Adroit Industries IPO price band?

What is the Adroit Industries IPO lot size?

What is the Adroit Industries IPO allotment date?

What is the Adroit Industries IPO listing date?

What is the minimum investment required in Adroit Industries IPO?

Join the discussion

Adroit Industries IPO Details

About Adroit Industries IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Adroit Industries IPO open and close?

What is Adroit Industries IPO price band?

What is the Adroit Industries IPO lot size?

What is the Adroit Industries IPO allotment date?

What is the Adroit Industries IPO listing date?

What is the minimum investment required in Adroit Industries IPO?

Join the discussion