Adroit Industries IPO opens for subscription today, September 23, 2026, giving investors a three-day bidding window. The IPO has already caught market attention in the grey market, where its GMP stands at 25%, signalling expectations of a strong listing gain if the premium sustains until listing.
Adroit Industries IPO is a book-built issue worth Rs 150.71 crore. The public issue comprises a fresh issue of 98.97 lakh shares aggregating to Rs 132.62 crore and an offer for sale (OFS) of 13.50 lakh shares worth Rs 18.09 crore.
The IPO will remain open for subscription from September 23 to September 25, 2026. The allotment is expected to be finalised on September 28, while the shares are scheduled to debut on both the NSE and BSE on September 30, 2026.
The company has fixed the price band at Rs 126 to Rs 134 per share. Investors can bid for a minimum of 111 shares, which is one IPO lot. At the upper price band of Rs 134, a retail investor will need to invest a minimum of Rs 14,874 for one lot of 111 shares.
Choice Capital Advisors Pvt. Ltd. is the book-running lead manager for the issue, while Bigshare Services Pvt. Ltd. is the registrar.
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Adroit Industries IPO GMP Today
Adroit Industries IPO is currently commanding a Grey Market Premium (GMP) of Rs 34, representing a premium of around 25% over the upper price band of Rs 134. Based on the current GMP, the estimated listing price is around Rs 168 per share.
GMP Note: Grey Market Premium is an unofficial market indicator and is not regulated or guaranteed. GMP can change frequently based on market sentiment and demand, and the actual listing price may differ from the estimated price. Investors should not consider GMP alone while making investment decisions.
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Adroit Industries IPO: Objects of the Issue
The Company proposes to utilise the Net Proceeds of the Issue primarily towards capital expenditure and strengthening its manufacturing capabilities. Of the total estimated proceeds of Rs 87.98 crore, Rs 19.91 crore is proposed to be used for procuring machinery and equipment to enhance operations at the Dewas facility, along with transportation vehicles for movement of goods between manufacturing facilities.
Further, Rs 43.96 crore is proposed to be invested in the subsidiary, Adroit Driveshafts Private Limited, through debt, equity or a combination thereof, towards capital expenditure at its Pithampur facility and procurement of transportation vehicles. Another Rs 24.12 crore is proposed to be invested in the subsidiary towards repayment or prepayment of certain borrowings, with the balance allocated towards general corporate purposes.
Adroit Industries (India) Ltd. reported a 5% increase in total income, rising from Rs 137 crore in FY25 to Rs 143 crore in FY26. The growth reflects an improvement in the Company’s overall revenue performance during the year. Profitability improved at a faster pace, with profit after tax (PAT) increasing by 44% from Rs 18 crore in FY25 to Rs 26 crore in FY26. This indicates a stronger bottom-line performance during FY26.
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About Adroit Industries (India) Ltd.
Incorporated in January 1995, Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts and torque-transmission components for driveline systems. The Company offers over 5,000 SKUs, including precision-machined torque-transmission components, complete propeller shaft assemblies and forged components. Its integrated manufacturing capabilities span forging, precision machining, heat treatment, assembly, balancing and testing, enabling end-to-end control over production. The Company primarily serves commercial vehicles, along with SUVs, defence and emergency services, heavy equipment, off-highway machinery and industrial applications.
Adroit supplies its products through distributors, Tier-1 driveline component suppliers and directly to OEMs, catering to customer-specific technical requirements. It has a strong export presence across North America, Europe, Latin America, the Middle East, Africa and Asia-Pacific, with customers in more than 32 countries during Fiscal 2026. The Company is supported by its subsidiary, Adroit Driveshafts Private Limited, and together they had 367 permanent employees as of July 31, 2026.
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