Adroit Industries (India) Limited
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₹41(30.60%)
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Adroit Industries (India) Limited's is preparing to launch its Initial Public Offering (IPO) with a substantial issue size of 1,12,47,000 Shares. The offering comprises a fresh issue component of 98,97,000 Shares, alongside an Offer for Sale (OFS) component of ₹18.09 Cr from existing shareholders.
The price band for the IPO has been set at ₹126 to ₹134, providing investors with a range to place their bids. The minimum investment lot consists of 111 shares, making it accessible to both retail and institutional investors.
The subscription window for this public offering opens on Sep 23, 2026 and will conclude on Sep 25, 2026. Following the subscription period, the share allotment is scheduled for Sep 28, 2026, with the official listing expected to commence on Sep 30, 2026 on the NSE, BSE exchange.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
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- 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.
- 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.
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