Adroit Industries (India) IPO

The last grey market premium reported for the Adroit Industries (India) Limited IPO is ₹34, as of 25 Sept, 7:07 pm. Against the ₹134 upper band that is +25.4%. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice.

Adding the ₹34 premium to the ₹134 upper band gives an implied price of ₹168. That is only what unregulated grey-market dealers are quoting today; the listing price is discovered on the exchange in the pre-open session on listing day and routinely differs from it.

No. The grey market is an informal, over-the-counter market between private dealers that is not operated or supervised by NSE, BSE or SEBI. No trade settles through a clearing corporation and no dealer is obliged to honour a quote, so the premium can change sharply within a day or disappear after bidding closes.

Readings are collected about once an hour from third-party grey-market reporters while the issue is open, and each reading is timestamped. The history table shows one row per day, with the number of readings behind it.

As of 26 Sept, 3:37 am the Adroit Industries (India) Limited IPO is subscribed 176.85× overall: QIB 195.04×, non-institutional 332.35× and retail 99.81×. Figures are the exchange's consolidated demand across NSE and BSE.

The retail portion is subscribed 99.81× as of 26 Sept, 3:37 am. Retail applications are those up to ₹2,00,000 at the cut-off price.

NSE and BSE publish the category-wise bids for every open issue during bidding hours. This page reads that feed and shows the QIB, NII and retail book, plus one row per day so the build-up over the issue can be compared.

Overall subscription at the end of each bidding day — day 1 (23 September 2026): 5.18×, day 2 (24 September 2026): 18.07×, day 3 (25 September 2026): 176.85×, day 4 (26 September 2026): 176.85× — from the exchange feed. The day-wise table on this page breaks each day into QIB, non-institutional and retail.

Subscription of 2× means bids were received for twice the number of shares offered in that category. When a category is oversubscribed, allotment in it is decided by the registrar under the basis-of-allotment rules — retail by lottery for the minimum lot, for example.

Allotment for the Adroit Industries (India) Limited IPO is expected to be finalised on 28 September 2026, the trading day after the issue closes on 25 September 2026. Under SEBI's T+3 timeline refunds and demat credit follow on 29 September 2026 and the shares list on 30 September 2026. Dates are tentative until the registrar and exchange confirm them.

Allotment is decided and published by the registrar, Bigshare Services Private Limited — not by the exchange and not by alphave. Open the registrar's IPO allotment page, choose the issue, and enter your PAN, application number or DP ID / client ID. Your bank will also show the blocked amount released if shares were not allotted.

The registrar to the Adroit Industries (India) Limited IPO is Bigshare Services Private Limited. The registrar processes applications, finalises the basis of allotment with the exchange, and handles refunds.

The amount blocked in your bank account under ASBA or the UPI mandate is released, normally on the day allotment is finalised or the next working day. No shares are credited and nothing further is needed from you.

Bidding for the Adroit Industries (India) Limited IPO opens on 23 September 2026 and closes on 25 September 2026. Exchange bidding runs from 10:00 am to 5:00 pm IST on each day; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids somewhat earlier.

The shares are scheduled to list on 30 September 2026 on NSE. Trading starts at 10:00 am IST after the special pre-open session that discovers the listing price.

Applications are made through a broker's app or a bank's net banking using ASBA, or by UPI mandate, between 23 September 2026 and 25 September 2026. The amount is only blocked, not debited, until allotment. Retail bids of up to ₹2,00,000 are usually placed at the cut-off price (₹134); a UPI mandate must be approved by 5:00 pm on the closing day.

25 September 2026 is the last day of bidding. Allotment is then expected on 28 September 2026, refunds and demat credit on 29 September 2026, and listing on 30 September 2026 — tentative until confirmed.

The Adroit Industries (India) Limited IPO price band is ₹126 to ₹134 per share. Applications are made at the cut-off price, which is the upper end of the band.

One lot is 111 shares, so a single application at the ₹134 cut-off costs ₹14,874. Retail investors can apply for up to 13 lots within the ₹2,00,000 retail limit.

₹14,874 — one lot of 111 shares at ₹134. Bids in the non-institutional category start above ₹2,00,000 and are made in multiples of the lot.

Adroit Industries (India) Limited is a mainboard issue listing on NSE. The lead manager is Choice Capital Advisors Private Limited.

The issue size is ₹150.71 crore, of which ₹132.62 crore is a fresh issue and ₹18.09 crore an offer for sale by existing shareholders.

The offer document for the Adroit Industries (India) Limited IPO is linked on this page as filed with the exchange; SEBI and the lead managers also host it.

The Draft Red Herring Prospectus is the document a company files with SEBI before an IPO. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the version filed just before the issue opens, with the price band and dates added.

Adroit Industries (India) Limited filed its draft red herring prospectus on 30 March 2026; the exchange lists its status as "Approved". Issue dates and the price band are fixed later in the red herring prospectus, and this page is updated the day they are.

The company offers over 5,000 SKUs of torque-transmission components and assemblies. The company has vertically integrated manufacturing operations with end-to-end control. The company has established relationships with a diversified customer base and a high degree of repeat business. The page lists all 7 as disclosed.

A major portion of the company's revenue is derived from export sales, making it vulnerable to adverse developments in export markets. The company's revenue is significantly concentrated among a limited number of customers, posing a risk if business is reduced or terminated. The company's manufacturing operations are concentrated in Madhya Pradesh, India, making them susceptible to disruptions from localized events. The page lists all 7 disclosed risk factors.

The Adroit Industries (India) Limited shares are scheduled to list on 30 September 2026 on NSE. The listing price is discovered in a special pre-open session from 9:00 am and normal trading begins at 10:00 am IST.

Grey-market dealers are quoting a premium of ₹34 over the ₹134 band, which implies ₹168. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice. The actual listing price is set by demand in the pre-open session.

On listing day the exchange runs a special pre-open session for the new stock from 9:00 am IST in which orders are collected and the listing price is discovered; continuous trading in the shares begins at 10:00 am IST.

Subscription figures are the exchange's own category-wise bids (NSE and BSE), refreshed every 5 minutes while bidding is open and frozen at the final tally after close. GMP is an unofficial grey-market indicator read about once an hour from third-party reporters, each reading timestamped. Price band, lot size, issue size, dates, registrar and lead managers are from the exchange's issue master and the offer document filed with SEBI. Financials and the shareholding pattern are as restated in the offer document; allotment is published only by the registrar, which this page links to. Anchor investor allocations, where shown, are the exchange's anchor allocation file.