Today, September 23, 2026, the Adroit Industries IPO opens for subscriptions, offering investors a three-day window for bidding. With a GMP of 25%, the IPO has already attracted market attention in the grey market, indicating expectations of a significant listing gain if the premium holds up until listing.
The book-built Adroit Industries IPO is valued at Rs 150.71 crore. The public offering consists of an offer for sale (OFS) of 13.50 lakh shares valued at Rs 18.09 crore and a new issuance of 98.97 lakh shares totalling Rs 132.62 crore.
Subscriptions for the IPO will be accepted from September 23 to September 25, 2026. The shares are slated to make their debut on the NSE and BSE on September 30, 2026, and the allocation is anticipated to be completed on September 28.
The price range for each share has been set by the corporation at Rs 126 to Rs 134. A minimum of 111 shares, or one IPO lot, are available for purchase. A retail investor must pay at least Rs 14,874 for one batch of 111 shares at the highest price band of Rs 134.
Bigshare Services Pvt. Ltd. is the registrar for the issuance, while Choice Capital Advisors Pvt. Ltd. is the book-running lead manager.
Adroit Industries IPO GMP Today
The current Grey Market Premium (GMP) for Adroit Industries IPO is Rs 34, which is almost 25% more than the upper price range of Rs 134. The expected listing price per share is around Rs 168 based on the current GMP.
GMP Note: Grey Market Premium is an unofficial market indicator that is not guarantyd nor regulated. The actual listing price may be different from the anticipated price, and GMP is subject to regular changes according on market mood and demand. When considering investing options, investors shouldn’t base their choices solely on GMP.
Adroit Industries IPO: Objects of the Issue
The Company plans to use the Net Proceeds from the Issue mainly for capital expenses and enhancing its manufacturing capabilities. Out of the total projected revenue of Rs 87.98 crore, Rs 19.91 crore is intended for acquiring machinery and equipment to improve operations at the Dewas facility, in addition to transport vehicles for moving goods between production sites.
Additionally, it is suggested that Rs 43.96 crore be allocated to the subsidiary, Adroit Driveshafts Private Limited, via debt, equity, or a mix of both, for capital expenditure at its Pithampur site and acquisition of transport vehicles. An additional Rs 24.12 crore is intended for the subsidiary to repay or prepay specific loans, while the remaining amount will be used for general corporate purposes.
Financial Performance
Adroit Industries (India) Ltd. announced a 5% rise in total income, growing from Rs 137 crore in FY25 to Rs 143 crore in FY26. The increase indicates a enhancement in the Company’s total revenue performance throughout the year. Profitability enhanced more rapidly, with profit after tax (PAT) rising by 44% from Rs 18 crore in FY25 to Rs 26 crore in FY26. This signifies enhanced bottom-line results in FY26.
About Adroit Industries (India) Ltd.
Founded in January 1995, Adroit Industries (India) Limited is a vertically integrated producer and provider of propeller shafts and torque-transmission parts for driveline systems. The Company provides more than 5,000 SKUs, such as precision-machined torque-transmission parts, complete propeller shaft assemblies, and forged parts. Its comprehensive manufacturing capabilities encompass forging, precision machining, heat treatment, assembly, balancing, and testing, allowing for complete oversight of production. The Company mainly caters to commercial vehicles, as well as SUVs, defense and emergency services, heavy machinery, off-road equipment, and industrial uses.
Adroit delivers its products via distributors, leading driveline component suppliers, and directly to OEMs, addressing customer-specific technical needs. It maintains a robust export presence throughout North America, Europe, Latin America, the Middle East, Africa, and Asia-Pacific, serving customers in over 32 countries in Fiscal 2026. The Company is assisted by its subsidiary, Adroit Driveshafts Private Limited, and together they had 367 full-time employees as of July 31, 2026.
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