Adroit Industries (India) IPO
Closed MainboardAlready have an account? Apply now
Adroit Industries (India) IPO details
Schedule of Adroit Industries (India)
| Issue open date | 23 Sep 2026 |
| Issue close date | 25 Sep 2026 |
| UPI mandate deadline | 25 Sep 2026 (5 PM) |
| Allotment finalization | 28 Sep 2026 |
| Refund initiation | 29 Sep 2026 |
| Share credit | 29 Sep 2026 |
| Listing date | 30 Sep 2026 |
| Mandate end date | 10 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 27 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 26 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Adroit Industries (India)
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.
Financials of Adroit Industries (India)
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 150.71 |
| Fresh Issue – Proceeds go to the company | 132.62 |
| Offer for sale – Proceeds go to the existing investors | 18.09 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Machinery procurement & transit vehicle for Dewas Facility |
19.91 (15.01%) |
| Investment in subsidiary ADPL for machinery & vehicle at Pithampur | 43.96 (33.15%) |
| Investment in subsidiary ADPL for loan repayment/prepayment | 24.12 (18.19%) |
| General Corporate Purposes | 44.63 (33.65%) |
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.
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.
Allotment Status for Adroit Industries (India)
To check your IPO allotment status:
- Visit the Bigshare Services IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status
Subscription Figures for Adroit Industries (India)
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on September 25, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 22.49 | 4387.19 | 195.04x |
| NII | 16.87 | 5606.83 | 332.35x |
| Retail | 39.36 | 3928.92 | 99.81x |
| Total | 78.73 | 13922.94 | 176.85x |