IPO profile
Adroit Industries (India) Limited
ADROITIND · NSE
- Price band
- ₹126 - ₹134
- Subscription
- 121.54x
Application & Issue Details
- Minimum Quantity
- 111 shares
- Minimum Application
- ₹14,874
- Issue Size
- Rs. 151 Cr
- Face Value
- Not available
- Issue Price
- ₹134
Company Overview
Adroit Industries (India) Limited is an integrated manufacturer and supplier of propeller shafts and related drivetrain components catering to automotive and non-automotive applications. The company’s core business activities encompass the manufacture of precision-engineered propeller shafts, driveline assemblies, and components, operating across both upstream forging and downstream machining operations. It generates revenue primarily through the sale of products, comprising machined products, propeller shafts, and related torque-transmission components supplied to domestic and international markets. Operating across commercial vehicle, passenger vehicle, off-highway, industrial, and specialized sectors, the company serves a customer base comprising independent automotive parts distributors, Tier-1 driveline component suppliers, and original equipment manufacturers. Adroit Industries (India) Limited operates vertically integrated manufacturing operations through its facilities in Madhya Pradesh, carrying out die-making, precision forging, heat treatment, machining, dynamic balancing, assembly, and testing.
Important Dates
- Open Date
- 23 Sept 2026
- Close Date
- 25 Sept 2026
- Allotment Date
- Not available
- Listing Date
- 30 Sept 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
- QIB
- 150.29x
- NII
- 231.99x
- Retail
- 57.79x
- Total
- 121.54x
Updated 25 Oct 2026, 12:08 pm · source: nse
Actual Listing Performance
- Listing Date
- 30 Sept 2026
- Actual Listing Price
- ₹235
- Gain/Loss Per Share
- +₹101
- Gain/Loss Per Lot
- +₹11,211
- Listing Gain/Loss %
- +75.37%
- Measured Against
- ₹134
- Lot Size
- 111 shares
Historical result from the reported listing price, compared with the issue price. Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported strengths
- Integrated setup with full in-house forging and machining.
- Diversified product applications across auto and non-auto segments.
- Wide global presence with export revenues spanning 32+ countries.
- Established business relationships with repeat distributor orders.
- Localized warehousing support for key North American operations.
Key risks
- Substantial export revenues are concentrated in the US market.
- High customer concentration with top 10 clients driving revenue.
- All manufacturing plants are concentrated in Madhya Pradesh.
- Raw material sourcing relies heavily on a limited supplier base.
- Outstanding tax, legal, and regulatory proceedings against promoters.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 12:08 pm IST · GMP: ipoalerts · subscription: nse · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.