Adroit Industries IPO
Adroit Industries IPO Listing Day Performance
Adroit Industries listed on BSE & NSE on 30 September 2026 at ₹235.00, a 75.37% premium over the issue price of ₹134. A retail investor allotted one lot of 111 shares gained ₹11,211 at the listing price.
GMP vs actual listing
| Last GMP before listing | ₹55 (+41%) |
| GMP-implied listing | ₹189 |
| Actual listing | ₹235.00 |
| Difference | +₹46 (+24.3%) |
Demand going into listing
| Subscribed overall | 176.85× |
| QIB | 195.04× |
| NII | 332.35× |
| Retail | 99.81× |
Market Sentiment
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Final |
|---|---|---|---|
| QIB | 0.05x | 1.82x | 195.04x |
| NII | 7.20x | 27.21x | 332.35x |
| bNII > ₹10L | 5.66x | 22.55x | 345.97x |
| sNII 2-10L | 10.29x | 36.51x | 305.09x |
| Retail | 7.24x | 23.43x | 99.81x |
| Total | 5.18x | 18.07x | 176.85x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 125.10 | 136.61 | 143.04 |
| Expense | 107.14 | 113.79 | 110.14 |
| Profit (PAT) | 14.53 | 18.14 | 26.16 |
| Total Assets | 199.39 | 187.01 | 212.74 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Adroit Industries This IPO | 7.48 | - | 22.51 | 36.84 | - |
| Hindustan Hardy Ltd | 55.92 | 12.98 | 25.00 | 250.24 | 108.79 Cr |
| Talbros Engineering Ltd | 57.34 | 10.70 | 17.32 | 359.20 | 535.74 Cr |
| GNA Axles Ltd | 27.24 | 20.85 | 12.28 | 233.89 | 1,478.42 Cr |
Strengths & Risks
- Heavily oversubscribed — 176.9x overall (final).
- Strong institutional (QIB) demand — 195.0x.
- Solid profit margin — 18.3%.
- Strong return on equity — 23%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
Our data checks haven't flagged a specific concern for Adroit Industries — but that isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
From this issue's live data. Not investment advice — read the RHP.
Company Information
Adroit Industries at a glance
From the company's description: “Since its incorporation in January 1995, Adroit Industries has been a leading manufacturer and supplier of propeller shafts and torque-transmission components.”
Adroit Industries is raising ₹151 crore through an IPO on the BSE and NSE mainboard. Of that, ₹133 crore is a fresh issue — new shares, with the money going to the company — and ₹18.09 crore is an offer for sale by existing shareholders, who keep those proceeds; 88% of the issue therefore reaches the business. Main stated uses of the fresh money: Investment in the Subsidiary, Adroit Driveshafts Private Limited, in the form of debt or equity or a combination thereof, for fund… (₹43.96 crore), Investment in the Subsidiary, Adroit Driveshafts Private Limited, in the form of debt or equity or a combination thereof, for re-p… (₹24.12 crore) and Funding capital expenditure by the Company towards procurement of; (i) machinery and equipment for enhancement of operations at De… (₹19.91 crore).
Revenue went from ₹125 crore in 2024 to ₹143 crore in 2026, up 14% over 2 years. Profit after tax went from ₹14.53 crore to ₹26.16 crore, a net margin of 18% in the latest year.
Debt stands at 0.41 times equity.
Written from the issue's offer-document figures shown on this page. Not investment advice.
Company Contact Information
Adroit Industries (India) 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
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 |
| General Corporate Purposes | - |
Resources & Documents
Anchor Investors
Adroit Industries IPO - Quick Take
Adroit Industries has set a price band of Rs 126–Rs 134 per share for an issue size of Rs 151 crore. The stock listed with a 75.37% gain versus its issue price on September 30, 2026.
The issue is promoted by Saurabh Sangla, Mukesh Sangla, Monika Sangla, Shubhangi Trust, Shreya Trust and Swan Irrigation with Choice Capital Advisors Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards funding capital expenditure by the Company towards procurement of; (i) machinery and equipment for enhancement of operat… (Rs 20 crore) and investment in the Subsidiary, Adroit Driveshafts Private Limited, in the form of debt or equity or a combination thereof… (Rs 44 crore).
On fundamentals, the company is posting revenue growth of 4.7%, a profit margin of 18.3%, return on equity of 22.5% in its most recent reported period. Listed peers in this segment include Hindustan Hardy Ltd (P/E 12.98x) and Talbros Engineering Ltd (P/E 10.70x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read very strong — GMP, subscription demand and fundamentals are all reading positively. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Adroit Industries IPO: Lead Manager & Registrar Track Record
How the firm running this issue and its registrar have fared on the other IPOs we track. Each firm's figures leave out Adroit Industries itself, so they describe what came before it.
- Adroit Industries listed at +75.4% on day one; the median of 113 listings was +6.7% (better than 97% of them).
- Subscribed 177x against a median of 20.43x across 111 issues (higher than 95%).
- Average listing-day move across all 114 Mainboard listings we track: +13.6%.
| Firm | Other IPOs | Listed at / above issue | Avg move | Median |
|---|---|---|---|---|
| Choice Capital Advisors Pvt.Ltd. Lead manager | 6 3 MB · 3 SME | 83% 5 of 6 | +7.4% | +8.4% |
| Bigshare Services Pvt.Ltd. Registrar | 61 18 MB · 43 SME | 67% 41 of 61 | Check allotment → | |
Recent listings managed by Choice Capital Advisors Pvt.Ltd. (5)
Best: Maharaja & Speedex India +34.4% · Weakest: Genxai Analytics −20%
| IPO | Listed | Listing-day move |
|---|---|---|
| Nityas Gems | 08 Oct 2026 | +9.3% |
| SRIT India | 06 Oct 2026 | +7.5% |
| Sonaselection India | 24 Sep 2026 | +3.3% |
| Maharaja & Speedex India | 18 Sep 2026 | +34.4% |
| Sotefin Bharat | 23 Jul 2026 | +9.6% |
A SEBI-registered merchant banker that runs the issue: due diligence, drafting the offer document, setting the price band with the company, and marketing the IPO to investors.
Finalises the basis of allotment, credits shares to demat accounts, releases blocked funds for unsuccessful bids and handles investor queries about the issue.
Listing-day move = exchange opening price vs issue price (band ceiling where the final price isn't recorded). Counts cover IPOs we track only. Past listings don't predict this one; this is not investment advice.
Frequently Asked Questions
Adroit Industries IPO GMP — What It Means
Its last GMP before listing was 41%. Of the 26 Mainboard IPOs we have tracked with a final GMP of 25% or more, 26 listed above, 0 flat and 0 below the issue price; Adroit Industries listed 75.4% above its issue price.
See the full Adroit Industries GMP history and trend, or learn how grey market premium works and how reliable it is.
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