Adroit Industries
Adroit Industries is a leading manufacturer and supplier of propeller shafts and torque-transmission components, catering to a diverse range of industries including commercial vehicles, SUVs, and industrial applications.
Price Band
₹134
Lot Size
111 Shares
Issue Size
₹150.71 Cr
Fresh Issue
₹132.62 Cr
OFS
₹18.09 Cr
AI Sentiment Score
Listing Price
₹235.00
vs Issue: ₹134 (+75.37%)
📅 IPO Timeline
✓
Open
Sep 23, 2026
✓
Close
Sep 25, 2026
✓
Allotment
Sep 28, 2026
✓
Refund
Sep 29, 2026
✓
Demat
Sep 29, 2026
✓
Listing
Sep 30, 2026
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
Adroit Industries displays an established operational footprint with expanding revenue streams (10.8% CAGR) and a defensible value proposition.
💪 Strengths
- Demonstrated operational revenue trajectory with resilient top-line growth (10.8% CAGR).
- Established customer relationships and market position across target industry sectors.
- Sound operational capital returns with Return on Capital Employed (ROCE) at 21.5%.
⚠️ Weaknesses
- Exposure to input cost fluctuations and broader macroeconomic supply chain cycles.
- Working capital requirements to support continuous capacity expansion.
- Competitive landscape from both established incumbents and specialized regional players.
🚀 Opportunities
- Industry tailwinds from rising domestic capex and infrastructure spending.
- Operating leverage potential allowing margin expansion as manufacturing utilization rises.
- Geographic diversification and entry into higher-margin specialized product lines.
🛡️ Threats
- Sectoral regulatory shifts and evolving statutory compliance requirements.
- Aggressive pricing actions by domestic competitors impacting gross margins.
- Broader market equity volatility and liquidity fluctuations.
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| 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 |
| 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 |
| 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 |
| General Corporate Purposes | ₹62.72 |
📊 Financial Overview & Growth Trajectory
Multi-year operational scale & net profitability trajectory
| Metric | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue (₹ Cr) | Rs 103.00 Cr | Rs 125.00 Cr | Rs 134.00 Cr | Rs 140.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 6.00 Cr | Rs 15.00 Cr | Rs 18.00 Cr | Rs 26.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 16.00 Cr | Rs 30.00 Cr | Rs 31.00 Cr | Rs 39.00 Cr |
| Borrowings (₹ Cr) | Rs 94.00 Cr | Rs 82.00 Cr | Rs 65.00 Cr | Rs 53.00 Cr |
| Total Assets (₹ Cr) | Rs 203.00 Cr | Rs 199.00 Cr | Rs 187.00 Cr | Rs 213.00 Cr |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | 21.50% | 21.50% | 21.50% | 21.50% |
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.00 |
Company P/E
37.2x
Industry P/E
42.8x
Debt/Equity
0.41
⚖️ Valuation Benchmark Range
🟢 Attractively Priced vs Industry Peers
Industry 42.8x
IPO 37.2x
0x (Deep Value)
58x (High Multiple)
📋 Live Subscription Status
QIB
195.04x
NII
303.67x
Retail
97.58x
Total
175.63x
🎯 Retail Allotment Probability
1% Odds
1 in 97.6 chance (~1% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Sep 30, 2026 3:04 PM
💼 Issue Structure & Reservation Quota
Capital Structure
₹150.7 Cr
Issue Size
Fresh (88%)
OFS (12%)
Reservation Quota
100%
Allocation
QIB (50%)
NII (15%)
Retail (35%)
QIB
50.00%
Retail
35.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Since its incorporation in 1995, Adroit Industries has developed a comprehensive product portfolio of over 5000 products, including precision-machined torque-transmission components and complete propeller shaft assemblies. The company exports its products globally, leveraging advanced manufacturing capabilities and a strong focus on quality.
The Adroit Industries IPO is structured with a significant portion as a fresh issue, indicating a focus on growth and expansion. The high subscription rates across QIB, NII, and retail categories reflect strong investor interest. The current GMP suggests a substantial premium over the issue price, indicating positive market expectations for the listing.