- Issue price
- ₹134per share
- Issue size
- ₹150.71 Cr1,12,47,000 shares
- Face value
- ₹10per equity share
- Lot size
- 111 sharesMin. ₹14,874 at the upper price
- Anchor biddingTue, 2026
- OpensWed, 2026
- ClosesFri, 2026
- AllotmentTue, 2026Refunds and Demat credit same day
- ListingWed, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 98,97,000 shares (₹132.62 Cr)
- Offer for sale
- 13,50,000 shares (₹18.09 Cr)
- Total issue
- 1,12,47,000 shares (₹150.71 Cr)
- Face value
- ₹10
- Listing at
- NSE, BSE
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail43.8%
- Anchor37.5%
- NII18.8%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 39,36,450 | 43.75% | — |
| Non-institutional investors (NII) | 16,87,050 | 18.75% | — |
| Qualified institutional buyers (QIB) | 56,23,500 | 62.50% | — |
| Anchor investors | 33,74,100 | 37.50% | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹134 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 111 | ₹14,874 |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2025-26- EPS (basic)
- ₹7.48
- EPS (diluted)
- ₹7.48
- P/E
- 17.91×
- RoNW
- 22.51%
- ROCE
- 19.01%
- NAV per share (As on March 31, 2026)
- ₹36.84
- Debt to equity
- 0.41
- EBITDA margin
- 27.66%
- PAT margin
- 18.69%
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 2026FY 2025-26 | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 |
|---|---|---|---|
| Revenue from operations | 139.94 | 133.89 | 124.53 |
| Total income | 143.04 | 136.61 | 125.10 |
| EBITDA | 38.71 | 31.02 | 29.69 |
| Profit after tax | 26.16 | 18.14 | 14.53 |
| Net worth | 128.63 | 103.53 | 87.82 |
| Reserves and surplus | 93.72 | 86.07 | 70.37 |
| Total assets | 212.74 | 187.01 | 199.39 |
| Total borrowing | 52.40 | 64.78 | 81.85 |
FY 2025-26 vs FY 2024-25: revenue +4.5%, profit after tax +44.2%.
Source: ProspectusUpdated
About the company
The company manufactures propeller shafts and related torque-transmission components, with forging, machining, heat treatment and assembly done in-house across facilities in Madhya Pradesh. A large share of its sales are exports, mainly to the United States and other overseas markets.
- Incorporated
- 1995
- Industry
- Auto Components
- CIN
- U74999MH1995PLC084474
- Website
- adroitindustries.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Shreya Trust | Promoter | 20.23% | — | — |
| Shubhangi Trust | Promoter | 9.99% | — | — |
| Mukesh Sangla | Promoter | 6.74% | — | — |
| Swan Irrigation LLP | Promoter | 5.43% | — | — |
| Monika Sangla | Promoter | 3.33% | — | — |
| Saurabh Sangla | Promoter | 2.97% | — | — |
| Mukesh Sangla HUF | Selling shareholder | — | — | 13,50,000 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Capital expenditure at Dewas facility (machinery and a transport vehicle) | 19.91 |
| Equity investment in subsidiary Adroit Driveshafts for capital expenditure at Pithampur facility | 43.96 |
| Equity investment in subsidiary Adroit Driveshafts for repayment of its borrowings | 24.12 |
| General corporate purposes | 24.14 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Hindustan Hardy Ltd | ₹55.92 | 12.98× | 25.00% | ₹250.24 |
| Talbros Engineering Ltd | ₹57.34 | 10.70× | 17.32% | ₹359.2 |
| GNA Axles Ltd | ₹27.24 | 20.85× | 12.28% | ₹233.89 |
| Adroit Industries (India) LimitedIssuer | ₹7.48 | 17.91× | 22.51% | ₹36.84 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Vertically integrated manufacturing across forging, machining and assembly in Madhya Pradesh.
- Wide product range of over 5,000 torque-transmission SKUs.
- Large base of repeat customers and long-standing export relationships.
- Revenue, profit and return ratios improved over the last three fiscals.
- Experienced promoters and management team.
Risks
- Very high dependence on export sales, with the United States as the largest market.
- Additional 25% US tariff on propeller shafts and driveline components, with the proposed relief framework not yet operationalised.
- Dewas facility operating at high capacity utilisation, so expansion depends on the proposed capex.
- Offer proceeds depend on management estimates that have not been appraised by any bank or financial institution.
- No formal market exists for the shares before listing, so post-listing price is uncertain.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹134) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Adroit Industries (India) IPO open and close?
According to the Prospectus, the issue opens on Wednesday, 23 September 2026 and closes on Friday, 25 September 2026.
What is the Adroit Industries (India) IPO price band?
The final issue price is ₹134 per share.
What is the lot size of the Adroit Industries (India) IPO?
One lot is 111 shares, which is ₹14,874 at ₹134 per share.
Where will Adroit Industries (India) shares list?
On NSE and BSE. The tentative listing date is Wednesday, 30 September 2026.
Who is the registrar of the issue?
Bigshare Services Private Limited (SEBI registration INR000001385). Allotment status is checked on the registrar's website.
How do I check the Adroit Industries (India) IPO allotment status?
The basis of allotment is expected to be finalised on Tuesday, 29 September 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (Bigshare Services Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹19.91 Cr for capital expenditure at Dewas facility (machinery and a transport vehicle), ₹43.96 Cr for equity investment in subsidiary Adroit Driveshafts for capital expenditure at Pithampur facility, ₹24.12 Cr for equity investment in subsidiary Adroit Driveshafts for repayment of its borrowings, ₹24.14 Cr for general corporate purposes.
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