Adroit Industries (India) IPO Details
RegistrarBigshare Services Private Limited
Lead managersChoice Capital Advisors Private Limited
DRHP filed30 Mar 2026 · SEBI: Approved
Fresh issue₹132.62 Cr
Offer for sale₹18.09 Cr
Adroit Industries (India) Financials ₹ in crore
Detailed financials for this issue aren’t available yet.
| Application | Shares | Amount at ₹134 |
|---|
| Retail (min)1 lot | 111 | ₹14,874 |
| Retail (max)13 lots | 1,443 | ₹1,93,362 |
| sHNI (min)14 lots | 1,554 | ₹2,08,236 |
| bHNI (min)68 lots | 7,548 | ₹10,11,432 |
One lot is 111 shares, so a single application at the ₹134 cut-off costs ₹14,874. Retail applications are capped at ₹2,00,000, which is 13 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.
About Adroit Industries (India)
Adroit Industries (India) Limited is a manufacturer and supplier of propeller shafts and related torque-transmission components for driveline systems. The company operates an integrated manufacturing model across forging, machining, heat treatment, assembly, balancing, and testing. Its products serve automotive, defence, and industrial machinery sectors, with a significant portion of revenue derived from export sales.
Adroit Industries (India) IPO Strengths & Risks as disclosed in the DRHP
▲ Strengths (7)
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 company possesses advanced engineering capabilities and established validation processes, creating entry barriers.
The company has a strong export presence with a diversified international customer base.
The company has experienced promoters and a competent management team.
The company has demonstrated consistent financial performance with improving profitability and capital efficiency.
▼ Risk factors (7)
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 company depends on a limited number of domestic suppliers for key raw materials, and disruptions in supply or price increases could adversely affect the business.
The company's revenue from sales is significantly dependent on distributor-led sales channels, and disruptions in these relationships could adversely affect the business.
A substantial portion of the company's revenue is derived from automotive applications, making it vulnerable to adverse developments in the automotive sector.
The company's inability to adopt or keep pace with technological advancements could adversely affect its business, results of operations, cash flows and financial condition.
Adroit Industries (India) IPO Dates timeline · IST
Issue opens
Wed, 23 Sept, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Fri, 25 Sept, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Mon, 28 Sept, 2026
By Bigshare Services; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Tue, 29 Sept, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Wed, 30 Sept, 2026
NSE · trading from 10:00 am IST
Exchange bidding runs 10:00 am – 5:00 pm IST on each day of the issue; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids earlier. Allotment, refund and credit dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them.
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Adroit Industries (India) Limited, the registrar is Bigshare Services Private Limited — allotment is finalised in the days between the issue closing on 25 Sept 2026 and listing on 30 Sept 2026.
RegistrarBigshare Services Private Limited
You will needPAN, application number or demat ID
Issue closes25 Sept 2026
Listing date30 Sept 2026
The registrar publishes allotment on its own portal: Bigshare. Your bank will also show the blocked amount released if shares were not allotted.
Adroit Industries (India) IPO Dates FAQs
When does Adroit Industries (India) IPO open and close?
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.
What is the Adroit Industries (India) IPO listing date?
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.
How do I apply for Adroit Industries (India) IPO?
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.
What is the last date to apply for Adroit Industries (India) IPO?
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.
Adroit Industries (India) IPO Registrar where allotment and refund queries go
RegistrarBigshare Services Private Limited
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
How to Apply for the Adroit Industries (India) IPO ASBA and UPI, as SEBI sets them
- Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
- Choose the number of lots and bid at the cut-off price. Retail applications are capped at ₹2,00,000; above that the bid moves to the non-institutional category.
- If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (25 Sept 2026).
- One application per PAN. A second application under the same PAN is rejected, and both may be.
- After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, Bigshare Services Private Limited, not to the exchange or the broker.
What is GMP in an IPO?
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹34 on a ₹134 upper band means the grey market is dealing at ₹168.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.