Adroit Industries (India) Limited
ClosedMainboardIndustrials · NSE / BSE
Adroit Industries (India) Ltd., established in 1966, manufactures propeller shafts and torque transmission components used in vehicles and industrial machinery. The company operates a fully integrated setup that manages everything from forging and machining to final assembly and testing, ensuring consistent quality and efficiency. It offers more than 5,000 products to distributors, OEMs, and large component manufacturers, mainly serving sectors like commercial vehicles, defense, heavy equipment, and industrial machinery. Its manufacturing units are located in Madhya Pradesh and are designed for large-scale production. The company serves well-known clients such as Godrej & Boyce, BEML, VE Commercial Vehicles, Sandvik Mining, and Oilgear India, and also exports its products to over 25 countries across regions like North America, Europe, and Asia-Pacific, maintaining strong long-term customer relationships that support steady business growth.
Price Band
₹126 – ₹134
Issue Size
₹1124.70 L Cr
Lot Size
111 shares
GMP
₹47
+35.1%
Est. Listing
₹181
at current GMP
Subscribed
176.85x
overall
Open
23 Sep 2026
Close
25 Sep 2026
Allotment
28 Sep 2026
Refund
29 Sep 2026
Demat Credit
30 Sep 2026
Listing
30 Sep 2026
Last updated 2 days ago
Overall Subscription
176.85x
Total Demand
QIB Multiplier
195.04x
Institutions & Funds
NII / HNI
332.35x
High Net-Worth
Retail (RII)
99.81x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 2,249,400 | 438,719,397 | 195.04x |
| NIB | 1,687,050 | 560,683,422 | 332.35x |
| HNIs(10L +) | 1,124,700 | 389,115,939 | 345.97x |
| HNIs (2-10L) | 562,350 | 171,567,483 | 305.09x |
| RETAIL | 3,936,450 | 392,891,604 | 99.81x |
| Total | 9,559,950 | 1,952,977,845 | 176.85x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 35,464 | 2,990,805 | 84.33x |
| HNIs(10L +) | 724 | 50,762 | 70.11x |
| HNIs (2-10L) | 362 | 105,670 | 291.91x |
| Total Applications | 36,550 | 3,147,237 | 86.11x |
Day-Wise Subscription Progress
About Adroit Industries (India) Limited Public Issue & Market Profile
Adroit Industries (India) Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹1,12,47,000 Crores. The shares are offered at a price band of ₹126 to ₹134 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
Bidding & Quota Instructions:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Allotment Reconciliation Schedule:
Following the close of bidding on 2026-09-25, the basis of allotment is scheduled to be finalized on 2026-09-28. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What is the issue size and price band for Adroit Industries (India) Limited IPO?
The Adroit Industries (India) Limited IPO aggregate issue size is ₹1,12,47,000 Crores with an equity price band set at ₹126 to ₹134 per equity share. The retail lot size is 111 shares requiring a minimum capital outlay of approx. ₹14,874.
How can I check Adroit Industries (India) Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
Where will Adroit Industries (India) Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2026-09-28.