Adroit Industries IPO
ClosedIPOListing at: BSE, NSE • Gala No. 02, Building No. A-2, Gr. FloorPrint World Industrial Complex, Survey No. 15/1,Mankoli Road, Vehele, Shastrinagar,Bhiwandi, Maharashtra, 421302
Disclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.
Adroit Industries IPO GMP History
Genuine daily snapshots retained by the WeeStox backendDisclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.
| GMP date | IPO price | GMP | Premium | Est. profit / lot | Subscription | Movement |
|---|---|---|---|---|---|---|
| 29 Sept 2026 | ₹134 | +₹55 | 41.04% | +₹6,105 | 176.85x | ↓ Down |
| 28 Sept 2026 | ₹134 | +₹58 | 43.28% | +₹6,438 | 176.85x | ↑ Up |
| 27 Sept 2026 | ₹134 | +₹57 | 42.54% | +₹6,327 | 176.85x | ↑ Up |
| 26 Sept 2026 | ₹134 | +₹53 | 39.55% | +₹5,883 | 176.85x | ↑ Up |
| 25 Sept 2026 | ₹134 | +₹47 | 35.07% | +₹5,217 | 176.85x | ↑ Up |
| 24 Sept 2026 | ₹134 | +₹37 | 27.61% | +₹4,107 | 18.08x | ↑ Up |
| 23 Sept 2026 | ₹134 | +₹34 | 25.37% | +₹3,774 | 5.22x | Flat |
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Adroit Industries IPO Details
| IPO Date | 23 Sept 2026 to 25 Sept 2026 |
| Listing At | BSE, NSE |
| Face Value | ₹10 per share |
| Price Band | ₹134 |
| Lot Size | 111 Shares |
| Total Issue Size | ₹150.71 Cr(₹1,255.57 Cr) |
| Fresh Issue | 98.97L shares (₹132.62 Cr) |
| Offer for Sale (OFS) | ₹18.09 Cr (approx 2.74 Cr shares) |
| Issue Type | Book Built Issue IPO |
Adroit Industries IPO Timetable
| IPO Open Date | 23 Sept 2026 |
| IPO Close Date | 25 Sept 2026 |
| Basis of Allotment | 28 Sept 2026 |
| Initiation of Refunds | 29 Sept 2026 |
| Credit of Shares to Demat | 29 Sept 2026 |
| Listing Date | 30 Sept 2026 |
| Cut-off time for UPI Mandate | 5 PM on 25 Sept 2026 |
| Employee Discount | ₹20.00/share (Up to 52,083 shares) |
Adroit Industries IPO Reservation
| Category | Reservation | Shares Offered |
|---|---|---|
| QIB Shares Offered | 50.00% | 56,23,500 |
| − Anchor Investor Shares Offered | 30.00% | 33,74,100 |
| − QIB (Ex. Anchor) Shares Offered | 20.00% | 22,49,400 |
| NII (HNI) Shares Offered | 15.00% | 16,87,050 |
| − bNII > ₹10L Shares Offered | 10.00% | 11,24,700 |
| − sNII < ₹10L Shares Offered | 5.00% | 5,62,350 |
| Retail Shares Offered | 35.00% | 39,36,450 |
Adroit Industries Anchor Details
| Anchor Bid Date | 22 Sept 2026 |
| Anchor Shares Offered | 33,74,100 Shares |
| Total Anchor Portion | ₹45.21 Cr |
| Lock-in 50% End Date | 28 Oct 2026 (30 Days) |
| Lock-in Rem. 50% Date | 27 Dec 2026 (90 Days) |
Adroit Industries IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) | Reserved Applications |
|---|---|---|---|---|
| Retail (Min) | 1 Lot | Shares | ₹14,874 | – |
| Retail (Max) | 13 Lots | Shares | ₹1,93,362 | – |
| S-HNI (Min) | 14 Lots | Shares | ₹2,08,236 | – |
| S-HNI (Max) | 67 Lots | Shares | ₹9,96,558 | – |
| B-HNI (Min) | 68 Lots | Shares | ₹10,11,432 | – |
Adroit Industries Promoter Holding
| Pre-Issue Holding | Disclosed in RHP |
| Post-Issue Holding | To be calculated |
Adroit Industries IPO Broker Consensus & Reviews
Institutional and brokerage house recommendations with verified review reports| Broker / Research Firm | Recommendation | Research Report |
|---|---|---|
| Swastika Investmart Ltd | Neutral | View Review |
| Adroit Financial Services Private Limited | Apply | View Review |
| BP Equities (BP Wealth) | Apply | View Review |
Adroit Industries IPO Live Subscription Status
Bidding demand breakdown by shares, institutional demand in ₹ Cr, applications & HNI funding cost| Investor Category | Shares Offered | Shares Bidded | Subscription Times |
|---|---|---|---|
| QIBs | 22,49,400 | 40,90,350 | 1.82x |
| HNIs | 16,87,050 | 4,61,61,570 | 27.36x |
| ↳ HNIs 10+ | 11,24,700 | 2,53,66,941 | 22.55x |
| ↳ HNIs 2+ | 5,62,350 | 2,07,94,629 | 36.98x |
| Retail | 39,36,450 | 9,39,24,204 | 23.86x |
| Total | 78,72,900 | 14,41,76,124 | 18.31x |
| QIBs | 30 | 55 | 1.82x |
| FIIs | – | – | 0.00x |
| DIIs | – | – | 0.00x |
| Mutual funds | – | – | 0.00x |
| Others | – | 55 | 0.00x |
| HNIs | 23 | 619 | 27.36x |
| ↳ HNIs 10+ | 15 | 340 | 22.55x |
| ↳ HNIs 2+ | 8 | 279 | 36.98x |
| Retail | 53 | 1,259 | 23.86x |
| Total | 106 | 1,932 | 18.31x |
Adroit Industries Limited Financial Information (Restated Consolidated in ₹ Crores)
| Period Ended | Assets | Total Income | Profit After Tax | EBITDA | Net Worth | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 2026 | ₹212.74 Cr | ₹143.04 Cr | ₹26.16 Cr | ₹38.71 Cr | ₹128.63 Cr | ₹52.40 Cr |
| 30 Mar 2026 | ₹212.74 Cr | ₹143.04 Cr | ₹26.16 Cr | ₹38.71 Cr | ₹128.63 Cr | ₹52.40 Cr |
| 31 Mar 2025 | ₹187.01 Cr | ₹136.61 Cr | ₹18.14 Cr | ₹31.02 Cr | ₹103.53 Cr | ₹8.32 Cr |
| 30 Mar 2025 | ₹187.01 Cr | ₹136.61 Cr | ₹18.14 Cr | ₹31.02 Cr | ₹103.53 Cr | ₹8.32 Cr |
| 31 Mar 2024 | ₹199.39 Cr | ₹125.10 Cr | ₹14.53 Cr | ₹29.69 Cr | ₹87.82 Cr | ₹16.29 Cr |
| 30 Mar 2024 | ₹199.39 Cr | ₹125.10 Cr | ₹14.53 Cr | ₹29.69 Cr | ₹87.82 Cr | ₹16.29 Cr |
Adroit Industries Key Valuation & Financial KPIs
Adroit Industries IPO Analysis
Review the company's key advantages and material business risks.
Strengths & Positives
Competitive advantages and operational merits
The company offers a diversified portfolio of 5,000+ products (SKUs) supplied to distributors, large component manufacturers and OEMs. Its products are primarily used in commercial vehicles, defence, heavy equipment and industrial machinery.
Adroit operates manufacturing facilities in Madhya Pradesh, India, equipped to support large-scale production. Its customer base includes Godrej & Boyce Manufacturing Company, BEML, VE Commercial Vehicles, Sandvik Mining and Rock Technology India, Oilgear India and other industrial and infrastructure companies.
The company has a strong international presence and exports to 25+ countries across North America, Europe, Asia-Pacific and other regions. It also maintains long-standing relationships with reputed customers, supporting repeat business.
Diversified Product Portfolio: Adroit offers more than 5,000 SKUs serving multiple vehicle and industrial applications. This broad product range enables the company to cater to distributors, OEMs and large component manufacturers.
Fully Integrated Manufacturing: The company manages forging, machining, assembly and testing under its integrated manufacturing setup. This provides greater control over quality and supports manufacturing efficiency and cost management.
Strong Customer Relationships: Adroit has long-standing relationships with a diversified base of reputed customers across automotive, defence, heavy equipment and industrial sectors. These relationships support repeat business and customer
High Export Dependence: Export sales accounted for 94.15%, 96.27%, 94.56% and 95.13% of revenue from sale of products during the six months ended September 30, 2025 and Fiscal 2025, 2024 and 2023, respectively. Adverse developments in international markets could materially affect the company's business and financial performance.
Customer Concentration: The top 10 customers contributed 66.71%, 65.91%, 68.61% and 72.76% of revenue from sale of products during the respective periods. Any reduction, modification or termination of business by these customers could materially affect the company's revenue, cash flows and prospects.
Manufacturing Concentration: The company's manufacturing operations are concentrated in facilities located in Madhya Pradesh. Any disruption, slowdown or shutdown at these facilities could adversely affect its business, financial condition, results of operations and cash flows.
About Adroit Industries Limited
Adroit Industries IPO is a book build issue of ₹150.71 crores. The issue is a combination of fresh issue of 98.97 lakh shares aggregating to ₹132.62 crores and offer for sale of 13.50 lakh shares aggregating to ₹18.09 crores.Adroit Industries IPO bidding opened for subscription on Sep 23, 2026 and will close on Sep 25, 2026. The allotment for the Adroit Industries IPO is expected to be finalized on Sep 28, 2026. Adroit Industries IPO will list on NSE and BSE with a tentative listing date fixed as Sep 30, 2026.Adroit Industries IPO is set final issue price at ₹134 per share. The lot size for an application is 111 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,874 (111 shares) (based on upper price).Choice Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.Refer to Adroit Industries IPO RHP for detailed Information.
Shariah Compliance Screening (AAOIFI Standard 21)
Adroit Industries IPO Documents & Reports
Official prospectus, reports and regulatory filings| Document Title | Authority / Host | Status | Action |
|---|---|---|---|
Red Herring Prospectus (RHP) Complete offer document filed with ROC & SEBI | SEBI / ROC | Available | View RHP |
Draft Red Herring Prospectus (DRHP) Initial regulatory draft submitted for public comments | SEBI Filings | Filed | View DRHP |
Anchor Investor Allocation Report Allotment list to institutional bidders | BSE / NSE Circular | Disclosed | Anchor PDF |
IPO Allotment Status & Basis of Allotment Registrar query portal via PAN / Application No. | Bigshare Services | Live Portal | Check Allotment |
Corporate Website & Investor Relations Official portal and financial reports | Issuer Portal | Active | Visit Portal |
Adroit Industries IPO Registrar & Lead Managers
- Choice Capital Advisors Pvt.Ltd.
Gala No. 02, Building No. A-2, Gr. FloorPrint World Industrial Complex, Survey No. 15/1,Mankoli Road, Vehele, Shastrinagar,Bhiwandi, Maharashtra, 421302