Adroit Industries (India) IPO Price: ₹126 to ₹134 per share
IPO Dates: 23 to 25 Sept, 2026
Company Overview
Incorporated in January 1995, Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts and torque-transmission components used in driveline systems. The Company offers a portfolio of over 5,000 SKUs comprising precision-machined torque-transmission components, complete propeller shaft assemblies and forged components.
Business Operations
The Company supplies its products through distributors, Tier-1 driveline component suppliers and directly to original equipment manufacturers (OEMs), based on customer-specific technical requirements. Its products primarily cater to commercial vehicles, as well as SUVs, defence and emergency services, heavy equipment, off-highway machinery and industrial applications.
Product Portfolio
The Company’s product portfolio comprises over 5,000 SKUs, including precision-machined torque-transmission components, complete propeller shaft assemblies and forged components.
Manufacturing Capabilities
The Company has vertically integrated manufacturing capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. This enables the Company to maintain end-to-end control over its production process.
Global Presence
The Company has a strong export presence, supplying products to customers across North America, Europe, Latin America, the Middle East, Africa and Asia-Pacific. During Fiscal 2026, it supplied products to customers across more than 32 countries.
Workforce
The Company is supported by its subsidiary, Adroit Driveshafts Private Limited. Together, the Company and its subsidiary had 367 permanent employees as of July 31, 2026.
Competitive Strengths
- Established customer relationships and repeat business
- Portfolio of over 5,000 SKUs
- Healthy financial performance
- Diversified international customer base
- Strong engineering and validation capabilities
- Vertically integrated manufacturing operations
- Experienced promoters and management team
Bidding Starts In
Adroit Industries (India) Limited IPO Specifics:
| IPO Date | 23 to 25 Sep, 2026 |
| Listing Date | Wed, Sep 30, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹126 to ₹134 |
| Lot Size | 111 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,12,47,000 shares (agg. up to ₹151 Cr) |
| Fresh Issue | 98,97,000 shares (agg. up to ₹133 Cr) |
| Offer for Sale | 13,50,000 shares of ₹10 (agg. up to ₹18 Cr) |
| Share Holding Pre Issue | 3,49,11,340 shares |
| Share Holding Post Issue | 4,48,08,340 shares |
Adroit Industries (India) IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Wed, Sep 23, 2026 |
| IPO Close | Fri, Sep 25, 2026 |
| Allotment | Mon, Sep 28, 2026 |
| Refund | Tue, Sep 29, 2026 |
| Credit of Shares | Tue, Sep 29, 2026 |
| Listing | Wed, Sep 30, 2026 |
Adroit Industries (India) Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 111 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 111 | ₹14,874 |
| Retail (Max) | 13 | 1443 | ₹1,93,362 |
| S-HNI (Min) | 14 | 1554 | ₹2,08,236 |
| S-HNI (Max) | 67 | 7437 | ₹9,96,558 |
| B-HNI (Min) | 68 | 7548 | ₹10,11,432 |
Adroit Industries (India) Limited IPO Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50.00% of the Offer |
| Retail | Not less than 35.00% of the Offer |
| NII | Not less than 15.00% of the Offer |
Adroit Industries (India) Limited IPO Financial Information
| Particulars (₹ Cr) | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| 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 and Surplus | 105.59 | 96.92 | 78.79 |
| Total Borrowing | 52.40 | 8.32 | 16.29 |
Key Performance Indicator- Adroit Industries (India) Limited IPO
| KPI | Mar 31, 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 | 3.64 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.49 | 5.84 |
| P/E (x) | 17.89 | 22.95 |
| Market Cap at Offer Price | ₹467.81 Cr. | ₹600.43 Cr |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
Adroit Industries (India) Limited IPO DRHP
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