Adroit Industries (India) came to market through an IPO that opened on 23 September 2026 and closed on 25 September 2026, and the shares listed on 30 September 2026 on BSE, NSE. The price band was ₹126 to ₹134 per share and one lot was 111 shares, so the minimum application was ₹14,874. The issue size was ₹150.71 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹235, a gain of 75.4% against the issue price of ₹134. Bigshare Services Pvt.Ltd was the registrar to the issue, and Choice Capital Advisors Pvt.Ltd was the lead manager.
As of 25 September 2026.
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Overall the issue was subscribed 176.85 times.
Adroit Industries (India) Ltd, incoorporated in 1966, manufactures propeller shafts and torque transmission systems for usage in vehicles and industrial equipment.The organization has an integrated manufacturing process, from forging and machining to assembly and testing, contributing to the efficiency and quality of their product range.
Adroit provides its customers with over 5,000 different types of products that serve as components in commercial vehicles, defense industry, heavy equipment, and industrial machinery.The company's manufacturing plants are located in the state of Madhya Pradesh, India, and designed to handle mass production of their products. Among Adroit's customers are such reputable organizations as Godrej & Boyce Manufacturing Company Limited, BEML Limited, VE Commercial Vehicles Limited, Sandvik Mining and Rock Technology India Private Limited, Oilgear India Private Limited, among others.
Adroit has a considerable international presence, exporting its goods to over 25 countries in the regions of North America, Europe, Asia-Pacific, and others. In addition, Adroit has been working with reputable customers for many years, thus providing stable revenue flow.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Adroit Industries (India) Limited finalised its anchor investor allocation on September 22, 2026, raising ₹45.21 crore from 6 institutional investors at an anchor price of ₹134 per share. The anchor book comprises 33,74,100 equity shares, with no participation from domestic mutual funds, life insurance companies, or pension funds.
The allocation was led by Abakkus Venture Opportunities Fund and Chhatisgarh Investments Limited, each receiving 22.12%, followed by Valour Capital Trust – I and Cognizant Capital Dynamic Opportunities Fund, each at 16.59%, Aarth AIF Growth Fund at 11.52%, and Fortune Hands Growth Fund Scheme I at 11.06%.
Saurabh Sangla, Mukesh Sangla, Monika Sangla, Shubhangi Trust, Shreya Trust, Swan Irrigation. Promoter holding 96.1% before the issue and 71.86% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Adroit Industries (India) IPO was a ₹150.71 crore book-built issue, comprising a fresh issue of ₹132.62 crore and an offer for sale of ₹18.09 crore. It was priced at ₹126–₹134 per share with a lot size of 111 shares (₹14,874). The IPO was open from September 23 to September 25, 2026 and was subscribed 176.85x. Shares listed on BSE and NSE on September 30, 2026 at ₹235, a 75.4% premium to the issue price of ₹134. Bigshare Services Pvt. Ltd.
is the registrar. Choice Capital Advisors Pvt. Ltd. is the book running lead manager.
The price band of Adroit Industries (India) IPO is ₹126 to ₹134 per share.
The lot size of Adroit Industries (India) IPO is 111 shares.
The minimum investment for Adroit Industries (India) IPO is approximately ₹14,874 based on the upper price band.
The allotment date of Adroit Industries (India) IPO is Sep 28, 2026.
No GMP quote could be verified as recorded before Adroit Industries (India) IPO listed. A grey-market observation of ₹50 per share was recorded on 30 Sep 2026, 7:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹235. GMP is unofficial and does not forecast or guarantee the actual listing price.
Adroit Industries (India) IPO listed on Sep 30, 2026. It was issued at ₹235.0(NSE) and is currently around ₹169.00 as on 30-Oct-2026 3:30 PM, which is approximately 26.1% versus issue price. The 52-week high is ₹258.80.
You can check Adroit Industries (India) IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Adroit Industries (India) IPO allotment status on Rupix for quick and easy access.
₹126 to ₹134 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 111 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,874.
₹14,874, for one lot of 111 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 23 September 2026 and closed on 25 September 2026.
The basis of allotment was published on 28 September 2026 by Bigshare Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 30 September 2026 on BSE, NSE, opening at ₹235.
The issue size was ₹150.71 crore. The fresh issue was 98,97,000 shares (aggregating up to ₹132.62 crore). The offer for sale was 13,50,000 shares (aggregating up to ₹18.09 crore).
It listed at ₹235 against an issue price of ₹134, a gain of 75.4 percent on listing day.