Adroit Industries (India) Limited IPO is a Mainboard public issue scheduled to open on September 23, 2026, and close on September 25, 2026. The company manufactures propeller shafts and torque-transmission components for automotive and non-automotive applications. The shares are proposed to be listed on BSE and NSE.
Adroit Industries IPO – Key Details
| Particular | Details |
|---|---|
| Company Name | Adroit Industries (India) Limited |
| IPO Type | Mainboard IPO |
| IPO Open Date | September 23, 2026 |
| IPO Close Date | September 25, 2026 |
| Price Band | ₹126 – ₹134 per share |
| Issue Size | ₹150.71 Crore |
| Fresh Issue | ₹132.62 Crore |
| Offer for Sale | ₹18.09 Crore |
| Lot Size | 111 Shares |
| Minimum Investment | ₹14,874 |
| Face Value | ₹10 per share |
| Allotment Date | September 28, 2026 |
| Listing Date | September 30, 2026 |
| Listing Exchange | BSE & NSE |
| Lead Manager | Choice Capital Advisors |
| Registrar | Bigshare Services |
The IPO comprises a fresh issue of up to 98.97 lakh shares and an offer for sale of up to 13.50 lakh shares, taking the total offer to approximately ₹150.71 crore at the upper price band.
About Company
Incorporated in 1966, Adroit Industries (India) Ltd. is engaged in the manufacturing of propeller shafts and torque-transmission components used in vehicles and industrial machinery. The company operates a fully integrated manufacturing setup covering forging, machining, assembly and testing, supporting quality control and production efficiency.
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.
Strengths
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
Risk Factors
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.
Adroit Industries IPO Price Band
The IPO price band has been fixed at ₹126 to ₹134 per share.
At the upper price band:
111 shares × ₹134 = ₹14,874
Therefore, the minimum retail investment for one lot is ₹14,874.
Adroit Industries IPO Lot Size
The IPO lot size is 111 shares.
| Investor | Lots | Shares | Investment at ₹134 |
|---|---|---|---|
| Retail Minimum | 1 | 111 | ₹14,874 |
| Retail Maximum | 1 | 111 | ₹14,874 |
| HNI Minimum | 2 | 222 | ₹29,748 |
The applicable category-wise allocation and application rules should be checked in the final offer documents.
Adroit Industries IPO GMP Today
The latest grey-market sources on September 22, 2026 reported GMP figures around ₹32 per share, although different trackers can show different numbers and the GMP can change during the day.
At a ₹134 upper price band, a ₹32 GMP would imply an unofficial indicative price of ₹166. This is only a grey-market indication and does not guarantee the actual listing price.
Adroit Industries IPO Important Dates
| Event | Date |
|---|---|
| IPO Opens | September 23, 2026 |
| IPO Closes | September 25, 2026 |
| Allotment | September 28, 2026 |
| Refund/Unblocking | September 29, 2026 |
| Demat Credit | September 29, 2026 |
| Listing | September 30, 2026 |
The published schedule is subject to change.
Adroit Industries IPO – Use of Funds
The fresh issue component is intended to provide capital to the company for its stated business requirements. Investors should refer to the company's RHP for the exact allocation of the fresh issue proceeds and associated objects of the issue.
The OFS portion, meanwhile, represents shares being sold by an existing shareholder and does not represent fresh capital raised by the company.
Adroit Industries IPO GMP & Listing
Grey Market Premium is an unofficial indicator of market sentiment before listing. It is not determined by BSE or NSE and can change significantly before the listing date.
Investors should therefore consider the GMP alongside the company's financial performance, valuation, industry outlook, debt, customer concentration and risks disclosed in the RHP rather than using GMP alone.
Conclusion
Adroit Industries IPO 2026 is a ₹150.71 crore Mainboard issue with a price band of ₹126–₹134 and a lot size of 111 shares. The company operates in the automotive and industrial component manufacturing sector, with products including propeller shafts and torque-transmission components. Investors should review the RHP, financial statements, valuation, IPO objects and risk factors before making an investment decision.
Adroit Industries IPO FAQ
What is Adroit Industries IPO?
Adroit Industries IPO is a Mainboard IPO of Adroit Industries (India) Limited, with an issue size of approximately ₹150.71 crore.
What is the Adroit Industries IPO date?
The IPO opens on September 23, 2026 and closes on September 25, 2026.
What is the Adroit Industries IPO price?
The price band is ₹126 to ₹134 per share.
What is the Adroit Industries IPO lot size?
The lot size is 111 shares.
What is the minimum investment?
At the upper price band of ₹134, one lot requires ₹14,874.
What is Adroit Industries IPO GMP today?
Recent grey-market trackers reported approximately ₹32 per share on September 22, 2026. GMP is unofficial and may change frequently.
Where will Adroit Industries shares be listed?
The IPO is scheduled for listing on BSE and NSE.
When is Adroit Industries IPO allotment?
The tentative allotment date is September 28, 2026.
When will Adroit Industries shares list?
The tentative listing date is September 30, 2026.