Adroit Industries IPO
Adroit Industries IPO is a mainboard book-building public issue with a total issue size of approximately ₹150.71 crore.
The issue comprises a fresh issue of 98.97 lakh equity shares aggregating to approximately ₹132.62 crore and an offer for sale of 13.50 lakh shares aggregating to approximately ₹18.09 crore.
The Adroit Industries IPO will open for subscription on 23 September 2026 and close on 25 September 2026. The shares are proposed to be listed on both NSE and BSE.
Adroit Industries IPO Details
Adroit Industries (India) Limited is entering the primary market with a ₹150.71 crore mainboard IPO. The issue consists of both a fresh issue of equity shares and an offer for sale by an existing shareholder.
The fresh issue comprises approximately 98.97 lakh shares aggregating to around ₹132.62 crore. The company plans to use the net proceeds for capital expenditure, investment in its subsidiary, repayment or prepayment of borrowings and general corporate purposes.
The offer for sale consists of approximately 13.50 lakh shares worth around ₹18.09 crore. The OFS proceeds will go to the selling shareholder.
The IPO price band has been fixed at ₹126 to ₹134 per share. Investors can apply for a minimum of 111 shares and thereafter in multiples of the specified lot size.
At the upper price band of ₹134 per share, the minimum investment required for one retail lot is ₹14,874.
Adroit Industries IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | 23 September 2026 |
| IPO Close Date | 25 September 2026 |
| IPO Size | ₹150.71 Crore |
| Price Band | ₹126 to ₹134 per share |
| Face Value | ₹10 per share |
| Lot Size | 111 Shares |
| Issue Type | Book Building |
| Issue Structure | Fresh Issue + Offer for Sale |
| Listing Exchange | NSE and BSE |
| Market Cap at Upper Band | ₹600.43 Crore |
| Expected Allotment | 28 September 2026 |
| Refund / Unblocking | 29 September 2026 |
| Demat Credit | 29 September 2026 |
| Tentative Listing Date | 30 September 2026 |
| Registrar | Bigshare Services Pvt. Ltd. |
| Lead Manager | Choice Capital Advisors Pvt. Ltd. |
Adroit Industries IPO Issue Size
| Issue Component | Shares | Approx. Amount |
|---|---|---|
| Total Issue | 1,12,47,000 | ₹150.71 Cr |
| Fresh Issue | 98,97,000 | ₹132.62 Cr |
| Offer for Sale | 13,50,000 | ₹18.09 Cr |
Adroit Industries IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | Wednesday, 23 September 2026 |
| IPO Closes | Friday, 25 September 2026 |
| Allotment | Monday, 28 September 2026 |
| Refund / Unblocking | Tuesday, 29 September 2026 |
| Shares Credited to Demat | Tuesday, 29 September 2026 |
| Listing | Wednesday, 30 September 2026 |
Adroit Industries IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% of the Net Offer |
| Retail Individual Investors | Not less than 35% of the Net Offer |
| Non-Institutional Investors (NII) | Not less than 15% of the Net Offer |
Adroit Industries IPO Lot Size
Investors can bid for a minimum of 111 shares and thereafter in multiples of 111 shares.
| Investor Category | Lots | Shares | Investment at ₹134 |
|---|---|---|---|
| Retail Minimum | 1 | 111 | ₹14,874 |
| Retail Maximum | 13 | 1,443 | ₹1,93,362 |
| S-HNI Minimum | 14 | 1,554 | ₹2,08,236 |
| S-HNI Maximum | 67 | 7,437 | ₹9,96,558 |
| B-HNI Minimum | 68 | 7,548 | ₹10,11,432 |
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 used in automotive driveline systems.
The company has a portfolio of more than 5,000 SKUs, covering precision-machined torque-transmission components, complete propeller shaft assemblies and forged components.
Its manufacturing capabilities include forging, precision machining, heat treatment, assembly, balancing and testing, allowing the company to manage several stages of the manufacturing process internally.
Adroit Industries supplies products through distributors, Tier-1 driveline component suppliers and directly to OEMs based on customer-specific technical requirements.
Its products are used in commercial vehicles, SUVs, defence and emergency services, heavy equipment, off-highway machinery and industrial applications.
The company also has an international presence and supplies products to customers across North America, Europe, Latin America, the Middle East, Africa and Asia-Pacific.
During Fiscal 2026, the company supplied products to customers across more than 32 countries.
The company is supported by its subsidiary Adroit Driveshafts Private Limited. Together, the company and subsidiary had 367 permanent employees as of 31 July 2026.
Adroit Industries Business Strengths
- Product portfolio of more than 5,000 SKUs.
- Vertically integrated manufacturing capabilities.
- Presence across automotive and industrial applications.
- Diversified customer base across domestic and international markets.
- Export presence across more than 32 countries.
- Engineering, manufacturing and product validation capabilities.
- Established relationships with customers and OEM-related suppliers.
- Experienced promoters and management team.
Adroit Industries IPO Objects of the Issue
The company proposes to use the net proceeds from the fresh issue for capital expenditure, investment in its subsidiary, repayment or prepayment of borrowings and general corporate purposes.
| Use of Funds | Amount |
|---|---|
| Capital expenditure towards machinery and equipment for enhancement of operations at the Dewas facility and transportation vehicle for local movement of goods | ₹19.91 Cr |
| Investment in Adroit Driveshafts Private Limited for capital expenditure at the Pithampur facility and transportation requirements | ₹43.96 Cr |
| Investment in Adroit Driveshafts Private Limited for repayment or prepayment of certain borrowings | ₹24.12 Cr |
| General Corporate Purposes | Balance Amount |
| Total Identified Uses | ₹87.98 Cr + GCP |
Adroit Industries Financial Performance
Adroit Industries reported growth in both revenue and profit in FY2026 compared with FY2025. Total income increased from ₹136.61 crore in FY2025 to ₹143.04 crore in FY2026, while profit after tax increased from ₹18.14 crore to ₹26.16 crore.
Based on the reported figures, total income increased by approximately 5%, while profit after tax grew by approximately 44% between FY2025 and FY2026.
| Particulars (₹ Crore) | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| 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 |
| Reserves & Surplus | 105.59 | 96.92 | 78.79 |
| Total Borrowings | 52.40 | 8.32 | 16.29 |
Note: Financial figures are presented in ₹ crore based on the company’s restated consolidated financial information.
Adroit Industries IPO Key Performance Indicators
| KPI | 31 March 2026 |
|---|---|
| ROE | 22.54% |
| ROCE | 19.01% |
| Debt / Equity | 0.41 |
| RoNW | 22.51% |
| PAT Margin | 18.69% |
| EBITDA Margin | 27.66% |
| NAV | ₹36.84 |
| Price to Book Value | 3.64x |
Adroit Industries IPO Valuation
At the upper IPO price of ₹134 per share, Adroit Industries has an estimated post-issue market capitalization of approximately ₹600.43 crore.
Based on the reported financial information, investors can compare the company’s earnings, return ratios, debt levels and valuation with other listed companies operating in the automotive component and industrial products segments.
| Valuation Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | ₹7.49 | ₹5.84 |
| P/E | 17.89x | 22.95x |
| Market Capitalisation | ₹467.81 Cr | ₹600.43 Cr |
Adroit Industries Shareholding Pattern
| Category | Pre-IPO | Post-IPO |
|---|---|---|
| Promoter & Promoter Group | 96.10% | 71.86% |
| Public | 3.90% | 28.14% |
| Total | 100% | 100% |
Company Promoters: Saurabh Sangla, Mukesh Sangla, Monika Sangla, Shubhangi Trust, Shreya Trust and Swan Irrigation LLP.
Adroit Industries IPO Offer for Sale
The offer for sale portion consists of 13.50 lakh equity shares. The proceeds from the OFS will be received by the selling shareholder and will not accrue to Adroit Industries.
| Selling Shareholder | Category | Shares Offered | Amount |
|---|---|---|---|
| Mukesh Sangla (HUF) | Promoter | 13,50,000 | ₹18.09 Cr |
| Total OFS | 13,50,000 | ₹18.09 Cr |
Adroit Industries IPO Potential Positives and Key Risks
Potential Positives
- Diversified portfolio of more than 5,000 SKUs.
- Vertically integrated manufacturing operations.
- Presence across domestic and international markets.
- Products supplied across multiple automotive and industrial applications.
- Export presence across more than 32 countries.
- Fresh issue proceeds include planned capital expenditure and investment in the company’s subsidiary.
- FY2026 PAT was higher than FY2025.
Key Risks
- The company operates in a competitive automotive component industry.
- Business performance can be affected by automotive production cycles and OEM demand.
- Total borrowings increased substantially between FY2025 and FY2026.
- The company has exposure to international markets and export operations.
- Changes in raw-material prices may affect manufacturing margins.
- Future performance depends on demand from automotive and industrial customers.
Adroit Industries IPO Registrar & Lead Manager
IPO Registrar: Bigshare Services Pvt. Ltd.
Book Running Lead Manager:
- Choice Capital Advisors Pvt. Ltd.
Adroit Industries (India) Ltd. Contact Details
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
Phone: +91 91711 14099
Email: cs@adroitindustries.com
Adroit Industries IPO Quick Summary
Adroit Industries IPO is a mainboard book-building public issue of approximately ₹150.71 crore. The IPO opens on 23 September 2026 and closes on 25 September 2026.
The IPO price band is fixed at ₹126 to ₹134 per share, while the minimum lot size is 111 shares. At the upper price band, one retail lot requires an investment of ₹14,874.
The issue includes a fresh issue of approximately 98.97 lakh shares worth ₹132.62 crore and an offer for sale of 13.50 lakh shares worth ₹18.09 crore.
Adroit Industries manufactures propeller shafts and torque-transmission components used in driveline systems. Its product portfolio contains more than 5,000 SKUs and the company serves customers across domestic and international markets.
The fresh issue proceeds are proposed to be used for capital expenditure, investment in the subsidiary, repayment or prepayment of borrowings and general corporate purposes.
Adroit Industries IPO is proposed to list on NSE and BSE, with a tentative listing date of 30 September 2026.
Adroit Industries IPO FAQs
Disclaimer
This Adroit Industries IPO information is provided solely for educational and informational purposes. IPO investments are subject to market risks, and actual listing performance may differ from expectations. Investors should carefully review the company’s RHP, financial statements, risk factors and other official disclosures before making any investment decision. TradingMinds does not provide investment advice or guarantee IPO listing gains.
