Adroit Industries (India) Limited
MainboardADROITIND • BSE, NSE
Issue details
Price band
₹126 - ₹134
Lot size
111 shares
Issue size
₹105.5 Cr
Min. investment
₹14,874
Registrar
Bigshare Services
Subscription
121.54x
Grey market premium
Est. gain+₹55 · 41%
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IPO Timeline
Open
23 Sep
Close
25 Sep
Allotment
28 Sep
Listing
30 Sep
- Refunds & demat credit
- 29 Sep 2026
- Mandate end
- 10 Oct 2026
- Anchor lock-in 50%
- 28 Oct 2026
- Anchor lock-in 100%
- 27 Dec 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative. Anchor lock-in applies only to issues with an anchor allotment.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| RII | 111shares 1 lot · ₹14,874 | 1,443shares 13 lots · ₹1,93,362 |
| sNII (₹2L–₹10L) | 1,554shares 14 lots · ₹2,08,236 | 7,437shares 67 lots · ₹9,96,558 |
| bNII (above ₹10L) | 7,548shares 68 lots · ₹10,11,432 | No limit funds permitting |
Based on the upper price band of ₹134 and a lot of 111 shares.
Subscription
| Quota | Shares offered | Shares bid | Subscribed |
|---|---|---|---|
| Retail (IND) | 39,36,450 | 22,74,68,082 | 57.79x |
| Total | 78,72,900 | 95,69,00,364 | 121.54x |
Last updated 41 days ago.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital cum OFS
Fresh issue
₹133 Cr
98,97,000 shares
Offer for sale
₹18 Cr
13,50,000 shares
Shares pre-issue
3,49,11,340
Shares post-issue
4,48,08,340
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 7.49 | 5.84 |
| P/E | 17.89 | 22.95 |
| Market cap | ₹467.81 Cr. | ₹600.43 Cr |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 22.54% |
| ROCE | 19.01% |
| Debt/Equity | 0.41 |
| RoNW | 22.51% |
| PAT Margin | 18.69% |
| EBITDA Margin | 27.66% |
| NAV | 36.84 |
| Price to Book Value | 3.64 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total income | 143.04 | 136.61 | 125.1 |
| Profit after tax | 26.16 | 18.14 | 14.53 |
| EBITDA | 38.71 | 31.02 | 29.69 |
| Net worth | 128.63 | 103.53 | 87.82 |
| Assets | 212.74 | 187.01 | 199.39 |
| Reserves & surplus | 105.59 | 96.92 | 78.79 |
| Total borrowing | 52.4 | 8.32 | 16.29 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 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 Cr
- 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 Cr
- 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 Cr
- 4.General Corporate Purposes—
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Hero Motors Ltd.Mainboard | ₹84 | 77.78 | ₹98.40 | +17.14% |
| Dhoot Transmission Ltd.Mainboard | ₹871 | 41.36 | ₹1,187.05 | +36.29% |
| SEDEMAC Mechatronics Ltd.Mainboard | ₹1352 | 126.91 | ₹1,451.10 | +7.33% |
| Tenneco Clean Air India Ltd.Mainboard | ₹397 | 28.97 | ₹490.80 | +23.63% |
| Studds Accessories Ltd.Mainboard | ₹585 | 33.06 | ₹560.30 | -4.22% |
| Kheria Autocomp Ltd.SME | ₹101 | 9.95 | ₹103.05 | +2.03% |
| Sumax Engineering Ltd.SME | ₹101 | 11.66 | ₹110.45 | +9.36% |
| LAPL Automotive Ltd.SME | ₹94 | 9.91 | ₹128.29 | +36.48% |
| Poojaa Precision Engg.Ltd.SME | ₹301 | 14.25 | ₹493.50 | +63.95% |
| Happy Steels Ltd.SME | ₹66 | 9.76 | ₹68.50 | +3.79% |
| Autofurnish Ltd.SME | ₹41 | 11.64 | ₹45.15 | +10.12% |
| Gallard Steel Ltd.SME | ₹150 | 17.31 | ₹234.25 | +56.17% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.