Adroit Industries IPO
UpcomingMainboardOpens 23 September 2026Closes 25 September 2026
Incorporated in 1995 (originally established in 1966 as a partnership firm 'M/s Adroit Industries India'), Adroit Industries (India) Limited is a specialized manufacturer of propeller shafts (drive shafts/cardan shafts)…
Incorporated in 1995 (originally established in 1966 as a partnership firm 'M/s Adroit Industries India'), Adroit Industries (India) Limited is a specialized manufacturer of propeller shafts (drive shafts/cardan shafts) and precision torque-transmission components used in automotive vehicles and industrial machinery. The company operates a fully integrated manufacturing infrastructure across three specialized facilities in Madhya Pradesh (Dewas, Pithampur, and Sanwer), managing the complete lifecycle from die-making, precision forging, and heat treatment to CNC machining, dynamic balancing, and assembly testing. Offering over 5,000 active SKUs to Tier-1 driveline component suppliers, OEMs, and aftermarket distributors, Adroit exports to more than 32 countries across North America, Europe, Latin America, and Asia-Pacific, with export sales generating over 95% of its product revenue.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
23 Sept 2026
IPO Closes
25 Sept 2026
Allotment
28 Sept 2026
Listing
30 Sept 2026
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 23 September 2026 |
| IPO Close Date | 25 September 2026 |
| Allotment Date | 28 September 2026 |
| Listing Date | 30 September 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,874 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,93,362 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,08,236 |
SHNI (Max)Below ₹10,00,000 | 67 | ₹9,96,558 |
BHNIAbove ₹10,00,000 | 68 | ₹10,11,432 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- Funding capital expenditure by the Company towards procurement of machinery and equipment for enhancement of operations at Dewas Facility, and transportation vehicle for local transportation between facilities (₹19.91 Cr).
- Investment in Subsidiary, Adroit Driveshafts Private Limited, in the form of debt or equity or a combination thereof, for funding capital expenditure towards procurement of machinery and equipment at Pithampur Facility (₹43.96 Cr).
- Investment in Subsidiary, Adroit Driveshafts Private Limited, for re-payment or pre-payment of certain borrowings availed by the Subsidiary (₹24.12 Cr).
- General Corporate Purposes.
Strengths
- Diversified, high-precision product portfolio of over 5,000 SKUs covering propeller shafts, universal joint crosses, center bearings, and torque-transmission assemblies across commercial vehicles, defense, and heavy equipment.
- Fully integrated, vertically aligned in-house manufacturing operations from tooling and forging (Dewas) to precision CNC machining and balancing (Pithampur), driving strict quality control and margin resilience.
- Established global distribution network spanning over 32 countries, generating 95.39% of product sales from exports with deep customer stickiness (90.26% repeat customer revenue in FY26).
- Strong entry barriers supported by demanding OEM/Tier-1 validation processes, stringent mechanical tolerances, and multi-year vendor qualification cycles.
Weaknesses
- Heavy revenue concentration in export markets, with the United States alone contributing 53.76% of export sales in FY26, exposing operations to tariff uncertainties under US Section 232/301 and shipping disruptions.
- Customer concentration risk, with top 10 customers generating 60.86% of product sales and business largely conducted through purchase orders rather than long-term volume contracts.
- Geographic concentration of all three primary production facilities in Madhya Pradesh, creating exposure to regional logistical, utility, or operational disruptions.
- High working capital intensity with elevated receivable turnover (111 days) and inventory cycles (135 days) required to service international aftermarket and OEM schedules.
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 212.74 | 187.01 | 199.39 |
| Revenue (₹ Cr.) | 143.04 | 136.61 | 125.1 |
| PAT (₹ Cr.) | 26.16 | 18.14 | 14.53 |
| Net Worth (₹ Cr.) | 128.63 | 103.53 | 87.82 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Adroit Industries | 3.64 | 22.95 | 22.51% | 128.63 |
| GNA Axles Limited | 2.39 | 18.14 | 11.65% | 1,004 |
| Talbros Engineering Ltd | 1.73 | 10.54 | 15.99% | 182.35 |
Subscription Details
No daily bids available.
No subscription statistics available.
Company Details
- Adroit Industries (India) Limited
- Gala No. 02, Building No. A-2, Ground Floor, Print World Industrial Complex, Survey No. 15/1, Mankoli Road, Vehele, Shastrinagar, Bhiwandi, Thane – 421 302, Maharashtra, India
- +91 91711 14099
- cs@adroitindustries.com
- https://www.adroitindustries.com
Registrar Details
- Bigshare Services Private Limited
- +91 22 6263 8200
- ipo@bigshareonline.com
- https://www.bigshareonline.com
Frequently Asked Questions
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Adroit Industries IPO News & Updates
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Adroit Industries IPO IPO Pages
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Adroit Industries IPO Details
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Adroit Industries IPO GMP
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Adroit Industries IPO Subscription
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Adroit Industries IPO Allotment
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Adroit Industries IPO Review
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Adroit Industries IPO Registrar
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Adroit Industries IPO News
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Sources
We match Adroit Industries IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Bigshare Services Private LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.