
Industrials · 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
+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: 25 Sept 2026
Current Premium
Issue Price (Upper)
₹134
Band: ₹126 – ₹134
Estimated Listing Price
₹181
Upper price + GMP
Lot Size
111 shares
Min investment ₹14,874
Estimated Profit / Lot
₹5,217
111 × ₹47
Grey Market Premium trend
+₹47
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 27 Sep 2026 | +₹47 | 35.1% | ₹181 |
| 26 Sep 2026 | +₹47 | 35.1% | ₹181 |
| 25 Sep 2026 | +₹42 | 31.6% | ₹176 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
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.
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.
The latest grey market premium for Adroit Industries (India) Limited IPO is ₹47, which indicates an expected listing price of ₹181.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.