Adroit Industries (India) Limited has officially announced its Initial Public Offering (IPO), scheduled to open for subscription on Wednesday, September 23, 2026. Through this public issue, the company aims to raise up to ₹150.71 crore at the upper price band. The complete offer consists of up to 1,12,47,000 equity shares with a face value of ₹10 each, incorporating both a fresh issue component of up to 98,97,000 shares and an Offer for Sale (OFS) of up to 13,50,000 shares.
The price band for the Adroit Industries IPO has been set between ₹126 and ₹134 per equity share. Bidders can apply in minimum market lots of 111 equity shares, as well as in multiples of 111 shares thereafter. Following the successful completion of the subscription and share allotment process, the company’s equity shares will be listed on both the BSE and NSE mainboard stock exchanges.
To ensure broad market participation, the offering incorporates dedicated category allocations across investor classes. Qualified Institutional Buyers (QIB) are allocated not more than 50.00% of the net offer, while Retail Individual Investors (RII) will receive not less than 35.00%. The remaining share reservation designates not less than 15.00% of the net offer for Non-Institutional Investors (NII / HNI).
The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026.
The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited.
Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited expressed, “The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.”
Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets.We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.”
As anchor bidding opens on September 22 ahead of the mainboard listing on the BSE and NSE, Adroit Industries’ ₹150.71 crore public offer presents investors with an opportunity to participate in a vertically integrated, export-driven driveline manufacturer primed for its next phase of global expansion.
