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Adroit Industries IPOLISTED
Adroit Industries (India) Limited manufactures propeller shafts and torque-transmission components for automotive, defence and industrial applications, with an integrated manufacturing setup.
Listing price
₹235
Listing gain
+75.37%
Current
₹235
Listed
30 Sept 26
Opens
23 Sept 26Closes
25 Sept 26Allotment
28 Sept 26Refund
29 Sept 26Demat
29 Sept 26Listing
30 Sept 26Listed at
₹235
+75.37% on 30 Sept 26
Overview
Price band
₹126-134
Lot size
111 shares
Min. investment
₹14,874
Issue size
₹150.71 Cr
1.12 Cr shares
Fresh issue
₹132.62 Cr
98.97 L shares
Offer for sale
₹18.09 Cr
13.50 L shares
Face value
₹10 / share
Issue type
Book Built Issue
Listing at
NSE, BSE
Reservation
| Category | Shares offered | % of issue |
|---|---|---|
| Anchor Investor | 33,74,100 | 30% |
| QIB | 22,49,400 | 20% |
| NII (HNI) | 16,87,050 | 15% |
| B-HNI | 11,24,700 | 10% |
| S-HNI | 5,62,350 | 5% |
| Individual | 39,36,450 | 35% |
| Total | 1,12,47,000 | 100% |
Lot size & investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 111 | ₹14,874 |
| 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 |
Listing performance
NSE/BSE: ADROITINDListing gain
+75.37%
Gain per retail lot
₹11,211
Latest vs issue
—
GMP was
₹55 (+41.04%)
Issue price
GMP estimate
Listing price
Latest price appears here during market hours.
Adroit Industries Live GMP
Not enough GMP history yet to draw a trend.
Subscription
11 Oct, 12:56 pmOversubscribed 176.85 times · 18,39,000 applications
Total applications
18,39,000
Total bid amount
₹18,657 Cr
Category breakdown
| Category | Shares offered | Shares bid | Times | Bid amount |
|---|---|---|---|---|
| QIB | — | — | 195.04x | ₹5,879 Cr |
| NII (HNI) | — | — | 332.35x | ₹7,513 Cr |
| B-HNI | — | — | 345.97x | ₹5,214 Cr |
| S-HNI | — | — | 305.09x | ₹2,299 Cr |
| Retail | — | — | 99.81x | ₹5,265 Cr |
| Total | — | — | 176.85x | ₹18,657 Cr |
Financials
(₹ in crores)
Key performance indicators
As of 31 Mar 2026ROE
22.54%
PAT Margin
18.69%
ROCE
19.01%
EBITDA Margin
27.66%
Debt to Equity Ratio
0.41
Price to Book Value
3.64
RoNW
22.51%
Valuation vs listed peers
EPS Pre IPO
₹7.49
EPS Post IPO
₹5.84
P/E Pre IPO
17.89
P/E Post IPO
22.95
Price-to-earnings
| Company | P/E | P/B | RoNW | Face value |
|---|---|---|---|---|
| Hindustan Hardy Ltd | 12.98 | — | — | — |
| Talbros Engineering Ltd | 10.7 | — | — | — |
| GNA Axles Ltd | 20.85 | — | — | — |
Peer median P/E 13.0× · Ratios as disclosed in the offer document.
Buzz AI analysis
From this IPO's filings and market data · educational, not investment advice
Revenue growth FY24 → FY26
+14.3%
Profit growth FY24 → FY26
+80.0%
P/E vs peer median
22.9× vs 13.0×
- PAT margin 18.7% and ROCE 19.0%.
- Priced above its listed-peer median P/E.
Strengths & risks
- Diversified Products with 5,250 SKUs.
- Integrated Manufacturing from forging to assembly.
- Strong Export Presence across international markets.
- Diversified End Markets across automotive and industrial sectors.
- Established Customers including OEMs and Tier-1 suppliers.
Buzz score · Neutral
From GMP, subscription and issue size
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| 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 |
| 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 |
| 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 |
Company & documents
Adroit Industries (India) Limited manufactures propeller shafts and torque-transmission components for automotive and non-automotive applications. As of July 31, 2026, it offered 5,250 SKUs across propeller shafts, yokes, shafts, flanges, universal joints and other driveline components.
The company has an integrated manufacturing setup covering forging, machining, heat treatment, assembly, balancing and testing, with facilities in Dewas, Pithampur and Sanwer, Madhya Pradesh.
Adroit serves commercial vehicles, passenger vehicles, defence, heavy equipment and industrial machinery, supplying products through distributors, Tier-1 suppliers and OEMs.
The company has a strong export presence, supported by subsidiaries in Canada and the United States for customer engagement and after-sales support in North America.
Its customers include Godrej & Boyce, BEML, VE Commercial Vehicles, Sandvik Mining and Rock Technology India and Oilgear India. Customers associated for over three years contributed 71.91% of product revenue in FY2026.
As of July 31, 2026, Adroit Industries had 367 permanent employees on a consolidated basis, including 85 employees at the company and 282 at its subsidiary, Adroit Driveshafts Private Limited. Additionally, the company had 213 contract workers.
Registrar
Company contact
Adroit Industries Ltd.
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
Phone: +91 91711 14099
Email: cs@adroitindustries.com
Book running lead managers
- Choice Capital Advisors Pvt. Ltd.
Promoters
- Saurabh Sangla
- Mukesh Sangla
- Monika Sangla
- Shubhangi Trust
- Shreya Trust
- Swan Irrigation