Adroit Industries IPO
Since its incorporation in January 1995, Adroit Industries has been a leading manufacturer and supplier of propeller shafts and torque-transmission components. Its product portfolio consists of over 5000 products, which includes precision-machined torque-transmission components, complete propeller shaft assemblies, and forged components. Its product range caters to a diverse range of industries such as commercial vehicles, SUVs, defence and emergency services, heavy equipment, off-highway machinery, and industrial applications.
IPO GMP
+₹58
+43% expected gain
Price Band
₹126 - ₹134
Lot Size
111 shares
Min Investment
₹14,874
Listing Date
September 30, 2026
About Adroit Industries
Company overview, business, and key facts.
Since its incorporation in January 1995, Adroit Industries has been a leading manufacturer and supplier of propeller shafts and torque-transmission components. Its product portfolio consists of over 5000 products, which includes precision-machined torque-transmission components, complete propeller shaft assemblies, and forged components. Its product range caters to a diverse range of industries such as commercial vehicles, SUVs, defence and emergency services, heavy equipment, off-highway machinery, and industrial applications.
Adroit Industries’ manufacturing facility combines advanced forging capabilities, specialized precision machining, heat treatment procedures, final assembly, dynamic balancing, and quality testing, offering end-to-end production capabilities. Furthermore, the firm exports its products to customers across North America, Europe, Latin America, the Middle East, Africa, and Asia-Pacific.
Founded
1995
Headquarters
Thane, Maharashtra
Promoters
Saurabh Sangla, Mukesh Sangla, Monika Sangla, Shubhangi Trust, Shreya Trust, Swan Irrigation
Website
https://www.adroitindustries.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Wide Variety of Products: Adroit offers over 5,000 SKUs with various uses on vehicles as well as industry applications. This wide variety of products helps Adroit to serve distributors, OEMs and major component manufacturers.
- Integrated Manufacturing Process: The company is able to handle forging, machining, assembly and testing process through its integrated manufacturing process.
- Strong Relationship with Customers: Adroit has longstanding relationships with diverse customers who are reputed in automotive, defense, heavy equipment and industrial sectors.
Risks
- Highly Export-Oriented: The export sales contributed 94.15%, 96.27%, 94.56% and 95.13% of the revenue from the sale of products for the six months ended September 30, 2025 and Fiscal 2025, 2024 and 2023, respectively. Any unfavorable changes in the foreign market may adversely impact the company.
- Customer Concentration: The top 10 customers accounted for 66.71%, 65.91%, 68.61% and 72.76% of the sales revenue of sale of goods during the relevant period. Any decrease, alteration or termination of dealings with such customers may have a material adverse impact on the financial position of the company.
- Manufacturing Concentration: The manufacturing facilities of the company are concentrated in plants situated in Madhya Pradesh. Any disruption, delay or cessation of production activities in such plants would adversely impact the business of the company.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Adroit Industries IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹600.4 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
23x
Peer median 13x (premium of 76.9%)
Price to sales
4.2x
Revenue growth, 2026
+4.7%
6.9% a year over the period
Profit growth, 2026
+44.2%
34.2% a year over the period
Profit margin (PAT)
18.3%
EBITDA margin 27.66%
ROE / ROCE
22.51% / 19.01%
As published in the offer document
Debt to equity
0.41
Promoter holding
96.1% → 71.86%
Before → after the IPO
Issue mix
88% fresh / 12% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹6,438
111 shares on ₹14,874. GMP is unofficial.
What stands out
- Healthy profit margin: PAT margin was 18.3% in 2026.
- Profit grew 44.2% in 2026.
Watch-outs
- Priced at a 76.9% premium to the peer median P/E of 13.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
IPO Analysis SummaryAI-generated
A plain-language review of Adroit Industries's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Adroit Industries IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Adroit Industries IPO is trading at a grey market premium (GMP) of +₹58 (+43% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 176.85x overall — QIB: 195.04x, NII: 332.35x, Retail: 99.81x.
Adroit Industries IPO subscription has closed. The shares are expected to list on September 30, 2026.
The minimum investment required is ₹14,874 for 111 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Wide Variety of Products: Adroit offers over 5,000 SKUs with various uses on vehicles as well as industry applications. This wide variety of products helps Adroit to serve distributors, OEMs and major component manufacturers.; Integrated Manufacturing Process: The company is able to handle forging, machining, assembly and testing process through its integrated manufacturing process.. Investors should note the following risks: Highly Export-Oriented: The export sales contributed 94.15%, 96.27%, 94.56% and 95.13% of the revenue from the sale of products for the six months ended September 30, 2025 and Fiscal 2025, 2024 and 2023, respectively. Any unfavorable changes in the foreign market may adversely impact the company.; Customer Concentration: The top 10 customers accounted for 66.71%, 65.91%, 68.61% and 72.76% of the sales revenue of sale of goods during the relevant period. Any decrease, alteration or termination of dealings with such customers may have a material adverse impact on the financial position of the company..
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Adroit Industries IPO — Frequently Asked Questions
What is Adroit Industries IPO GMP today?
Adroit Industries IPO GMP (grey market premium) today is +₹58, suggesting an estimated listing gain of +43%. GMP is indicative and subject to change.
What is the price band of Adroit Industries IPO?
The price band for Adroit Industries IPO is ₹126 - ₹134 with a lot size of 111 shares. The minimum investment required is ₹14,874.
When is Adroit Industries IPO allotment date?
Adroit Industries IPO allotment is expected to be finalised on September 28, 2026. You can check your allotment status on the registrar's website (Bigshare Services Pvt.Ltd.8657578989/8069219065/8069219060) using your PAN number.
When will Adroit Industries IPO list on NSE/BSE?
Adroit Industries IPO is expected to list on BSE, NSE on September 30, 2026.
How to check Adroit Industries IPO allotment status?
To check Adroit Industries IPO allotment status, visit the registrar's website (Bigshare Services Pvt.Ltd.8657578989/8069219065/8069219060) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Adroit Industries IPO?
Adroit Industries IPO is showing a strong GMP of +₹58 (+43%), indicating positive market sentiment for listing gains. However, GMP is informal and not a guarantee of returns. Evaluate the company's fundamentals, price band, and your own risk appetite before applying. IPOLyst is not a SEBI-registered investment advisor — please do your own research.
What is the lot size of Adroit Industries IPO?
The lot size for Adroit Industries IPO is 111 shares per lot. The minimum investment for retail investors is ₹14,874. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.