Adroit Industries (India) IPO 2026: Date, Price Band, GMP and Details

Dates, price band, lot size, financials and full details of the Adroit Industries (India) Limited IPO, sourced from the company's Red Herring Prospectus (RHP).

Adroit Industries IPO at a glance

Adroit Industries (India) Limited is bringing a Book Built Mainboard IPO worth ₹150.71 crore. It is a mix of a fresh issue of shares worth ₹132.62 crore and an Offer for Sale (OFS) worth ₹18.09 crore. The IPO is open from 23 September to 25 September 2026 and is proposed to list on the BSE and the NSE.

Adroit Industries (India) IPO Details

Adroit Industries (India) IPO Timelines

Dates are tentative and may change.

Adroit Industries (India) IPO GMP

GMP stands for Grey Market Premium. It is the extra amount some traders are willing to pay for IPO shares in an informal market before listing, on top of the issue price. This market runs outside the stock exchanges, so the figure is unregulated, unverified, and can move sharply within a single day. A high GMP does not confirm a listing gain, and a low one does not rule it out, because it tracks short-term sentiment rather than the worth of the business. A steadier read on the IPO comes from the company's financials, how it plans to use the money, its valuation, and the risk factors set out in the Red Herring Prospectus (RHP).

About Adroit Industries (India) Limited

Adroit Industries (India) Limited traces its business back over four decades and was incorporated as a company in January 1995. Based in Madhya Pradesh, it is a vertically integrated manufacturer and supplier of propeller shafts (also known as drive shafts or cardan shafts) and related torque-transmission components that form part of driveline systems. Its in-house capabilities span forging, precision machining, heat treatment, assembly, balancing, and testing.

As of 28 February 2026, it offered over 5,000 SKUs of torque-transmission components and assemblies, serving customers across automotive and industrial applications, including commercial vehicles, defence, heavy equipment, and industrial machinery. It exports to more than 25 countries across North America, Europe, and Asia-Pacific. Its subsidiaries include Adroit Driveshafts Private Limited (India), Adroit Driveshafts Canada Limited, and Adroit Driveshafts USA LLC.

The company's promoters are Saurabh Sangla, Mukesh Sangla, Monika Sangla, Shubhangi Trust, Shreya Trust, and Swan Irrigation LLP.

What are the Key Strengths of Adroit Industries (India) (as stated in the RHP)

• Offering over 5,000 SKUs of torque-transmission components and assemblies that form part of driveline systems.
• Vertically integrated manufacturing operations, with end-to-end control across forging, machining, heat treatment, assembly, balancing, and testing.
• Established relationships with a diversified customer base and a high degree of repeat business.
• Entry barriers supported by established validation and advanced engineering capabilities.
• Strong export presence with a diversified international customer base.
• Experienced promoters and a competent management team.

What the Money Will Be Used For

The IPO is a fresh issue of ₹132.62 crore and an Offer for Sale (OFS) of ₹18.09 crore. The OFS money goes to the selling shareholder, Mukesh Sangla HUF. The company will use the money from the fresh issue for the following:

What are the Company Financials of Adroit Industries (India)

Restated consolidated figures, in ₹ crore.

2-Yr Compound Annual Growth Rate (CAGR) is calculated from FY 2024 to FY 2026.

Who Can Apply

The offer is split across investor categories as follows:

How to Apply for the Adroit Industries (India) IPO

You can apply online through your broker app or through your bank's net banking using the Application Supported by Blocked Amount (ASBA) facility.

1. Log in to your broker app or your bank's net banking.
2. Open the IPO section and select Adroit Industries (India) IPO.
3. Enter the number of lots and your bid price, or select the cut-off price.
4. Enter your Unified Payments Interface (UPI) ID, or confirm your bank account for the ASBA route.
5. Submit the application form.
6. Approve the mandate request in your UPI app to block the funds until allotment.

How to Check Allotment Status

The basis of allotment is expected to be finalised on 28 September 2026. Once it is out, you can check your allotment status in three ways. You will need your PAN, application number, or DP/Client ID.

• On the registrar's website, Bigshare Services, at the IPO status page.
• On the BSE or NSE website under the IPO allotment section.
• Inside your broker app, under orders or IPO history.

Key Risk Factors

The RHP lists several risk factors. A few of the key ones are summarised below. Please read the full RHP for the complete list.

• A major portion of its revenue from sale of products comes from exports, a significant part of which is concentrated in the United States.
• Its revenue from operations is significantly concentrated among a limited number of customers; its top 10 customers accounted for 60.86% of product revenue in FY 2026.
• Its manufacturing operations are concentrated at facilities in Madhya Pradesh.
• A substantial portion of its revenue is derived from automotive applications.
• Its revenue from sale of products is significantly dependent on distributor-led sales channels.
• It does not have long-term agreements with its customers, and its sales are largely purchase-order based.
• Its manufacturing facilities are on long-term leased land, and its registered and corporate offices are on leased premises.
• It benefits from certain tax incentives and export-related incentives, which may not continue.
• There have been certain instances of delays in payment of statutory dues by the company and its subsidiary.
• There are outstanding legal proceedings involving the company, its directors, and its promoters.

Frequently Asked Questions (FAQs)

1. When does the Adroit Industries (India) IPO open and close?

The IPO opens on 23 September 2026 and closes on 25 September 2026.

2. What is the price band of the IPO?

The price band is ₹126 to ₹134 per share.

3. What is the lot size?

One lot is 111 shares. Applications are made in multiples of 111 shares.

4. What is the minimum investment for retail investors?

The minimum investment is ₹14,874 at the upper price band (1 lot of 111 shares).

5. When is the allotment date?

The allotment is expected to be finalised on 28 September 2026, with shares credited to demat accounts by 29 September 2026.

6. When is the listing date?

The shares are proposed to be listed on the BSE and the NSE on 30 September 2026 (tentative).

7. What does Adroit Industries (India) do?

It is a vertically integrated manufacturer of propeller shafts (drive shafts) and torque-transmission components used in the driveline systems of vehicles and industrial machinery, with over 5,000 SKUs.

8. What is the GMP of the Adroit Industries (India) IPO?

GMP, or Grey Market Premium, is an informal pre-listing price that sits outside the stock exchanges and is neither regulated nor verified. It shifts with day-to-day sentiment and does not confirm how the shares will list. A more reliable picture comes from the company's financials, valuation, and the risks in the RHP.

9. Who is the registrar for the IPO?

Bigshare Services is the registrar. Allotment status can be checked on its website.

Read the full Red Herring Prospectus (RHP): View the official RHP filed with SEBI and the exchanges.

Disclaimer: This page is for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any securities. All figures are sourced from the company's Red Herring Prospectus and public filings and may change. Investments in securities are subject to market risks. Please read all offer documents carefully and consult a registered financial advisor before making any investment decision.