Adroit Industries (India) IPO Details Details

Adroit Industries Limited is coming up with a book-built IPO of ₹150.71 crore, comprising a fresh issue of 98.97 lakh equity shares aggregating to ₹132.62 crore and an Offer for Sale (OFS) of 13.50 lakh shares aggregating to ₹18.09 crore. The IPO will open for subscription on September 23, 2026, and close on September 25, 2026. The basis of allotment is expected to be finalized on September 28, 2026, while the shares are tentatively scheduled to list on both BSE and NSE on September 30, 2026. The company has fixed the price band at ₹126–₹134 per share. The minimum application size for retail investors is 111 shares, translating into a minimum investment of ₹14,874 at the upper end of the price band. Choice Capital Advisors Private Limited is acting as the Book Running Lead Manager (BRLM) to the issue, while Bigshare Services Private Limited has been appointed as the Registrar. Of the total IPO size, ₹132.62 crore will be raised through the fresh issue, with the proceeds accruing to Adroit Industries for the purposes specified in its Red Herring Prospectus (RHP). The remaining ₹18.09 crore represents the Offer for Sale, and the proceeds from this portion will go to the respective selling shareholders rather than to the company. Investors should carefully review the RHP, including Adroit Industries' business model, financial performance, competitive strengths, risk factors, proposed utilization of fresh-issue proceeds, and details of the selling shareholders, before making an investment decision.

IPO Details

IPO Date 23 Sep 26
Listing Date 30 Sep 26
Face Value ₹10 per share
Price Band ₹126 to ₹134
Lot Size 111
Sale Type Fresh capital cum OFS
Issue Type Bookbuilding IPO
Listing At NSE, BSE
Total Issue Size ₹151 Cr
Fresh Issue
₹133 Cr
Offer for Sale
Share Holding Pre Issue 3,49,11,340 shares
Share Holding Post Issue 4,48,08,340 shares

IPO DRHP Status

Description Details

IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Offer
Retail Shares Offered Not less than 35% of the Offer
NII Shares Offered Not less than 15% of the Offer

About Adroit Industries (India) IPO Details.


Incorporated in January 1995, Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts and torque-transmission components used in automotive and industrial driveline systems. The company offers a diversified portfolio of more than 5,000 SKUs, comprising precision-machined torque-transmission components, complete propeller shaft assemblies, and forged components. Adroit Industries has developed end-to-end manufacturing capabilities encompassing forging, precision machining, heat treatment, assembly, balancing, and testing. This vertically integrated manufacturing model enables the company to maintain greater control over product quality, manufacturing processes, technical specifications, and production efficiency. The company supplies its products through distributors and Tier-1 driveline component suppliers, as well as directly to Original Equipment Manufacturers (OEMs) based on customer-specific technical and performance requirements. Its products are primarily used in commercial vehicles, while also catering to SUVs, defence and emergency-service vehicles, heavy equipment, off-highway machinery, and various industrial applications. Adroit Industries has established a significant international presence, supplying products across North America, Europe, Latin America, the Middle East, Africa, and Asia-Pacific. During Fiscal 2026, the company supplied products to customers in more than 32 countries, providing it with a geographically diversified customer base. The company is supported by its subsidiary, Adroit Driveshafts Private Limited. Together, the company and its subsidiary had 367 permanent employees as of July 31, 2026, supporting their manufacturing, engineering, quality-control, sales, and other business operations. Competitive Strengths Diversified product portfolio comprising more than 5,000 SKUs. Vertically integrated manufacturing capabilities covering forging through final assembly, balancing, and testing. Strong engineering and product-validation capabilities supporting customer-specific requirements. Diversified international customer base, with exports across more than 32 countries. Established relationships with OEMs, Tier-1 suppliers, and distributors, supporting repeat business. Healthy financial performance supporting the company's operations and growth. Experienced promoters and management team with industry and operational expertise.

Company Financials (Restated)

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 212.74 187.01 199.39
Total Income 143.04 136.61 125.10
Profit After Tax 26.16 18.14 14.53
EBITDA 38.71 31.02 29.69
Net Worth 128.63 103.53 87.82
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 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
2 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
3 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
4 General Corporate Purposes 0.00

Key Performance Indicator (KPI)

KPI Mar 31, 2026 -
ROE -% -%
ROCE 19.01%% -%
Debt/Equity - -
RoNW 22.51%% -%
PAT Margin 18.69%% -%
EBITDA Margin 27.66%% -%

Key Performance Indicator (KPI)

Pre IPO Post IPO
EPS Rs 5.20 -
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP. The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025 available in RHP.

IPO Registrar

  • Bigshare Services Pvt.Ltd.
  • 8657578989/8069219065/8069219060
  • ipo@bigshareonline.com
  • Visit Website

IPO Lead Manager(s)


Lead Manager Reports

Contact Details

Adroit Industries (India) Ltd. Address
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

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