Adroit Industries (India) Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹126 – ₹134
- Lot size
- 111 shares
- Issue amount
- ₹150.71 cr
- Total subscription
- 176.85×
- Opens
- 23 Sept 2026
- Closes
- 25 Sept 2026
- Allotment
- 28 Sept 2026
- Listing
- 30 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 1,12,47,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹13,986
- Fresh issue
- ₹132.62 cr
- Offer for sale
- ₹18.09 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,874
- Issue type
- Bookbuilding IPO
- Shares before issue
- 3,49,11,340
- Shares after issue
- 4,48,08,340
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 111 | ₹14,874 |
| sHNI | 14 | 1,554 | ₹2,08,236 |
| bHNI | 68 | 7,548 | ₹10,11,432 |
Share reservation
Subscription & GMP
Subscription by category
Reported 25 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 35,464 | 29,90,805 |
| HNIs(10L +) | 724 | 50,762 |
| HNIs (2-10L) | 362 | 1,05,670 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 30.14 | 5,878.84 |
| RETAIL | 52.75 | 5,264.75 |
| NIB | 22.61 | 7,477.3 |
| HNIs 2+ | 7.54 | 2,299 |
| HNIs 10+ | 15.07 | 5,214.15 |
| HNIs | 22.61 | 7,513.16 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 7.48 | 5.19 | 4.16 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 22.51 | 18.94 | 18.95 |
| PRE IPO(PE) | 17.89 | 0 | 0 |
| POST IPO(PE) | 22.95 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Adroit Industries (India) Limited | 17.89 | 134 | 10 | 36.84 | 22.51 | 7.48 |
| Hindustan Hardy Limited | 12.98 | 726 | 10 | 250.24 | 25.00 | 55.92 |
| Talbros Engineering Limited | 10.7 | 613.8 | 10 | 359.2 | 17.32 | 57.34 |
| GNA Axles Limited | 20.85 | 567.85 | 10 | 233.89 | 12.28 | 27.24 |
Company information
Company profile
Adroit Industries (India) Ltd., established in 1966, manufactures propeller shafts and torque transmission components used in vehicles and industrial machinery. The company operates a fully integrated setup that manages everything from forging and machining to final assembly and testing, ensuring consistent quality and efficiency. It offers more than 5,000 products to distributors, OEMs, and large component manufacturers, mainly serving sectors like commercial vehicles, defense, heavy equipment, and industrial machinery. Its manufacturing units are located in Madhya Pradesh and are designed for large-scale production. The company serves well-known clients such as Godrej & Boyce, BEML, VE Commercial Vehicles, Sandvik Mining, and Oilgear India, and also exports its products to over 25 countries across regions like North America, Europe, and Asia-Pacific, maintaining strong long-term customer relationships that support steady business growth.
Strengths
- Diversified Product Portfolio: Adroit offers more than 5,000 SKUs for various automotive and industrial applications. Its wide product range allows it to serve distributors, OEMs and major component manufacturers.
- Fully Integrated Manufacturing: The company handles forging, machining, assembly and testing through its integrated manufacturing setup. This gives better control over product quality, production efficiency and costs.
- Strong Customer Relationships: Adroit has built long-term relationships with reputed customers across the automotive, defence, heavy equipment and industrial sectors . These relationships support repeat orders and business continuity.
Risk factors
- High Export Dependence: Export sales contributed 94.15%, 96.27%, 94.56% and 95.13% of revenue from product sales during the six months ended September 30, 2025 and Fiscal 2025, 2024 and 2023, respectively. Any adverse changes in international markets could negatively impact 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 product sales during the respective periods. Any reduction, change or termination of orders from these customers could affect revenue, cash flows and future business 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 negatively affect operations, financial condition and cash flows.
Promoters
Saurabh Sangla
Mukesh Sangla
Monika Sangla
Shubhangi Trust
Shreya Trust
Swan Irrigation
Registrar & documents
Lead manager
Choice Capital Advisors Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
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
+91 91711 14099
[email protected]Company website ↗Understanding ADROITIND IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.