Adroit Industries (India), Expression 360 Services India Receive SEBI Approval for IPOs

Adroit Industries (India) Limited and Expression 360 Services India Limited have received approval from the Securities and Exchange Board of India (SEBI) on August 7, 2026, to proceed with their proposed initial public offerings (IPOs). 

With the regulatory approvals in place, both companies can now proceed with the next stages of their IPO process, including announcing their price bands and subscription schedules.

Adroit Industries (India) IPO - Issue Details

• Issue Type: Book-Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹1.12 crore equity shares
• Fresh Issue: Up to ₹0.99 crore equity shares 
• Offer for Sale (OFS): Up to ₹0.14 crore equity shares
• Face Value: ₹10 per share
• Proposed Listing: BSE, NSE
• Book Running Lead Managers (BRLMs): Choice Capital Advisors Private Limited
• Registrar to the Issue: Bigshare Services Private Limited

Utilisation of Adroit Industries (India) IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Funding capital expenditure by our Company towards procurement of; 
• (i) machinery and equipment for enhancement of operations at Dewas Facility
• (ii) transportation vehicle for local transportation of goods between the Manufacturing Facilities (“Proposed Capital Expenditure in the Company”)
•  Investment in our 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
• (ii) transportation vehicle for local transportation of goods between the Manufacturing Facilities (“Investment in Subsidiary for capital expenditure”)
• Investment in our 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 our Subsidiary (“Investment in Subsidiary for loan repayment”).
• General corporate purposes.

About Adroit Industries (India) Limited

Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components, with capabilities across forging, machining, heat treatment, assembly, balancing and testing. As of February 28, 2026, it offered over 5,000 SKUs for automotive and non-automotive applications, including commercial vehicles, SUVs, defence, heavy equipment and industrial machinery. The Company supplies distributors, Tier-1 driveline suppliers and OEMs across India.

Key Financial Highlights 

Expression 360 Services India IPO - Issue Details

• Issue Type: Book-Built Issue (OFS Only)
• Total Issue Size: Up to 1.50 crore equity shares
• Fresh Issue: Not Applicable
• Offer for Sale (OFS): Up to 1.50 crore equity share
• Face Value: ₹5 per share
• Proposed Listing: BSE, NSE
• Book Running Lead Managers (BRLMs): Smart Horizon Capital Advisors Private Limited, Swaraj Shares & Securities Private Limited
• Registrar to the Issue: MUFG Intime India Private Limited

About Expression 360 Services India Limited

Established in 2010, Expression 360 Services India Limited is a 360-degree marketing communications and integrated services provider offering event management, exhibitions, advertising, brand activation, media planning, digital marketing and content production. It serves government departments, PSUs and private enterprises across diverse sectors.

The Company has evolved into an integrated communications and event management provider with a pan-India presence and international project experience. Its services span ATL, BTL, digital and audio-visual campaigns, providing clients with a single-window solution.

Key Financial Highlights 

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