Adroit Industries (India) IPO
Bookbuilding IPO | ₹151.00 Cr | Listing at BSE, NSE
Closed
IPO Open
Wed, Sep 23, 2026
IPO Close
Fri, Sep 25, 2026
Price Band
₹126.00 to ₹134.00
Market Cap (Pre-IPO)
₹600.43 Cr
IPO Details
| IPO Date | Sep 23, 2026 to Sep 25, 2026 |
| Listing Date | Tentative: Sep 30, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹126.00 to ₹134.00 |
| Lot Size | 111 Shares (Minimum: ₹14,874.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹151.00 Crores |
| Total Shares Offered | 11,247,000 shares |
| Fresh Issue | 9,897,000 shares |
| Offer For Sale | 1,350,000 shares |
Adroit Industries (India) IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer. |
| NII Shares Offered | Not less than 15.00% of the Offer |
Adroit Industries (India) IPO Lot Size
Investors can bid for a minimum of 111 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 111 | ₹14,874 |
| Retail (Max) | 13 | 1,443 | ₹193,362 |
| S-HNI (Min) | 14 | 1,554 | ₹208,236 |
| S-HNI (Max) | 67 | 7,437 | ₹996,558 |
| B-HNI (Min) | 68 | 7,548 | ₹1,011,432 |
Adroit Industries (India) Financial Information (Restated Consolidated)
Adroit Industries (India) Ltd.'s revenue increased by 5% and profit after tax (PAT) rose by 44% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 212.74 | 187.01 | 199.39 |
| Total Income | 143.04 | 136.61 | 125.10 |
| Profit After Tax | 26.16 | 18.14 | 14.53 |
| EBITDA | 38.71 | 31.02 | 14.53 |
| NET Worth | 128.63 | 103.53 | 87.82 |
| Reserves and Surplus | 105.59 | 96.92 | 78.79 |
| Total Borrowing | 52.40 | 8.32 | 16.29 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 22.54% |
| ROCE (Return on Capital Employed) | 19.01% |
| Debt/Equity | 0.41 |
| RoNW (Return on Net Worth) | 22.51% |
| PAT Margin (Profit After Tax Margin) | 18.69% |
| EBITDA Margin | 27.66% |
| Price to Book Value | 3.64 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.49 | 5.84 |
| P/E (x) | 17.89 | 22.95 |
Company Overview
Adroit Industries (India) Limited – Company Overview
- Incorporated in January 1995, Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts and torque-transmission components used in driveline systems.
- The Company offers a portfolio of over 5,000 SKUs comprising precision-machined torque-transmission components, complete propeller shaft assemblies and forged components.
- Its vertically integrated manufacturing capabilities cover forging, precision machining, heat treatment, assembly, balancing and testing, enabling end-to-end control over the production process.
- The Company supplies its products through distributors, Tier-1 driveline component suppliers and directly to OEMs, based on customer-specific technical requirements.
- Its products primarily cater to commercial vehicles, as well as SUVs, defence and emergency services, heavy equipment, off-highway machinery and industrial applications.
- The Company has a strong export presence, supplying products to customers across North America, Europe, Latin America, the Middle East, Africa and Asia-Pacific. During Fiscal 2026, it supplied products to customers across more than 32 countries.
- The Company is supported by its subsidiary, Adroit Driveshafts Private Limited, and together they had 367 permanent employees as of July 31, 2026.
Company Strengths
- Portfolio of over 5,000 SKUs.
- Healthy financial performance.
- Diversified international customer base.
- Strong engineering and validation capabilities.
- Vertically integrated manufacturing operations.
- Experienced promoters and management team.
- Established customer relationships and repeat business.
Use of Proceeds
| 1) | Funding capital expenditure by the Company towards procurement of; (i) machinery and equipment for enhancement of operations at Dewas Facility; and (ii) transportation vehicle for local transportation of goods between the Manufacturing Facilities | 19.91 |
| 2) | Investment in the Subsidiary, Adroit Driveshafts Private Limited, in the form of debt or equity or a combination thereof, for funding capital expenditure towards procurement of; (i) machinery and equipment for enhancement of operations at Pithampur Facility; and (ii) transportation vehicle for local transportation of goods between the Manufacturing Facilities | 43.96 |
| 3) | Investment in the Subsidiary, Adroit Driveshafts Private Limited, in the form of debt or equity or a combination thereof, for re-payment or pre-payment, in full or in part, of certain borrowings availed by the Subsidiary | 24.12 |
| 4) | General Corporate Purposes | |
| Total | 87.98 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Adroit Industries (India) IPO Peer Comparison
Adroit Industries (India) peer comparison with similar listed entities. (As on March 31, 2026)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Adroit Industries (India) Ltd. | 7.48 | - | 36.84 | - | 22.51 | - | Consolidated |
| Hindustan Hardy Ltd | 55.92 | - | 250.24 | 12.98 | 12.98 | 12.98 | Consolidated |
| Talbros Engineering Ltd | 57.34 | - | 359.20 | 10.70 | 17.32 | 1.71 | Consolidated |
| GNA Axles Limited | 27.24 | - | 233.89 | 20.85 | 12.28 | 2.43 | Consolidated |
Quick Info
| Sector | auto components and manufacturing |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹600.43 Cr |
Important Dates
| IPO Open | Sep 23, 2026 |
| IPO Close | Sep 25, 2026 |
| Allotment Date | Sep 28, 2026 |
| Credit to Demat | Sep 29, 2026 |
| Listing Date | Tentative: Sep 30, 2026 |
Lead Manager(s)
Choice Capital Advisors Pvt.Ltd.
Registrar
Bigshare Services Pvt.Ltd.
8657578989/8069219065/8069219060
Description
- IPO Type: Book build issue aggregating to ₹150.71 crores.
- Issue Structure: The issue is a combination of a fresh issue of 98.97 lakh shares aggregating to ₹132.62 crores and an offer for sale of 13.50 lakh shares aggregating to ₹18.09 crores.
- IPO Dates: The issue opens for subscription on September 23, 2026 and closes on September 25, 2026.
- Allotment Date: The allotment is expected to be finalized on September 28, 2026.
- Listing Details: The shares are proposed to be listed on NSE and BSE on September 30, 2026.
- Retail Investment Requirement: Minimum 1 lot (111 shares) amounting to approximately ₹14,874 at the upper price band.
- Issue Price Band: ₹126 to ₹134 per equity share.
- Lot Size: 111 shares per lot.
This IPO offers investors an opportunity to participate in the company through a combination of a fresh issue of shares and an offer for sale by existing shareholders.