Investors in the Adroit Industries IPO are likely to get the allotment status today, September 28, after the public issue received an overwhelming response. The IPO was subscribed 176.85 times overall, with investors now awaiting the basis of allotment ahead of the company's stock-market debut.
The Rs 150.71 crore Adroit Industries IPO was a book-built issue comprising a fresh issue of 98.97 lakh shares worth Rs 132.62 crore and an offer for sale (OFS) of 13.50 lakh shares aggregating to Rs 18.09 crore.
The IPO opened for subscription on September 23 and closed on September 25, 2026. The issue was subscribed 176.85 times overall. The retail investor portion was subscribed 99.81 times, while the Non-Institutional Investors (NII) category saw 332.35 times subscription. The Qualified Institutional Buyers (QIB) portion was subscribed 195.04 times.
The company had fixed the IPO price band at Rs 126-Rs 134 per share.
Meanwhile, Adroit Industries' shares are commanding a grey market premium (GMP) of around 28%, according to market trackers. Based on the current GMP, the stock could potentially list at a premium to its issue price. However, GMP is an unofficial indicator and can change before the listing.
Adroit Industries shares are scheduled to be listed on both the NSE and BSE on September 30, 2026.
Choice Capital Advisors Pvt. Ltd. is the book-running lead manager for the issue, while Bigshare Services Pvt. Ltd. is the registrar.
Investors can verify their allotment through either of the following platforms:
1. Registrar's Website - Bigshare Services- Visit Bigshare Services Allotment page ( https://ipo.bigshareonline.com/ipo_status.html)
- Select Adroit Industries from the drop-down menu.
- Enter your PAN, application number, or DP/Client ID to view allotment details.
2. NSE Website ( https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)
- Go to NSE IPO Allotment page
- Select Equity
- Choose Adroit Industries
- Enter your application number and PAN.
3.BSE Website ( https://www.bseindia.com/investors/appli_check)
- Select Equity under issue type.
- Select Adroit Industries from the dropdown.
- Enter your application number OR PAN number.
- Fill the captcha and click search to view allotment.
Adroit Industries IPO GMP Today
The Adroit Industries IPO is currently commanding a grey market premium (GMP) of Rs 37 per share, indicating a premium of around 28% over the upper end of the IPO price band of Rs 134. At the prevailing GMP, the estimated listing price stands at around Rs 171 per share.
The Grey Market Premium (GMP) is an unofficial and unregulated indicator of market sentiment and does not guarantee the stock's actual listing price. GMP can fluctuate based on demand, market conditions and investor sentiment. The actual listing price may vary significantly from the GMP-based estimate. Investors should consider the company's financial performance, valuation and other relevant factors rather than relying solely on GMP.
IPO Objects of the Issue
The company proposes to utilise the net proceeds of the issue primarily towards capital expenditure and strengthening its manufacturing capabilities. Of the total estimated proceeds of Rs 87.98 crore, Rs 19.91 crore is proposed to be used for procuring machinery and equipment to enhance operations at the Dewas facility, along with transportation vehicles for movement of goods between manufacturing facilities.
Further, Rs 43.96 crore is proposed to be invested in the subsidiary, Adroit Driveshafts Private Limited, through debt, equity or a combination thereof, towards capital expenditure at its Pithampur facility and procurement of transportation vehicles. Another Rs 24.12 crore is proposed to be invested in the subsidiary towards repayment or prepayment of certain borrowings, with the balance allocated towards general corporate purposes.
Financial Performance
Adroit Industries (India) Ltd. reported a 5% increase in total income, rising from Rs 137 crore in FY25 to Rs 143 crore in FY26. The growth reflects an improvement in the company's overall revenue performance during the year. Profitability improved at a faster pace, with profit after tax (PAT) increasing by 44% from Rs 18 crore in FY25 to Rs 26 crore in FY26. This indicates a stronger bottom-line performance during FY26.
About Adroit Industries (India) Ltd.
Incorporated in January 1995, Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts and torque-transmission components for driveline systems. The company offers over 5,000 SKUs, including precision-machined torque-transmission components, complete propeller shaft assemblies and forged components. Its integrated manufacturing capabilities span forging, precision machining, heat treatment, assembly, balancing and testing, enabling end-to-end control over production. The company primarily serves commercial vehicles, along with SUVs, defence and emergency services, heavy equipment, off-highway machinery and industrial applications.
Adroit supplies its products through distributors, Tier-1 driveline component suppliers and directly to OEMs, catering to customer-specific technical requirements. It has a strong export presence across North America, Europe, Latin America, the Middle East, Africa and Asia-Pacific, with customers in more than 32 countries during Fiscal 2026. The company is supported by its subsidiary, Adroit Driveshafts Private Limited, and together they had 367 permanent employees as of July 31, 2026.
Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
