Adroit Industries (India) IPO Day 3: Subscription Status, Timeline & Key Issue Details

Adroit Industries (India)'s ₹150.71 crore initial public offering (IPO) entered its final day of public subscription today, September 25, 2026, with a price band of ₹126 to ₹134 per share. As of 10:15 A.M on the third day of bidding, the issue had been subscribed 23.11 times.

The basis of allotment is expected to be finalised on September 28, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE on September 30, 2026.

Adroit Industries (India) IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹150.71 crore
• Fresh Issue: Up to ₹132.62 crore 
• Offer for Sale (OFS): Up to ₹18.09 crore
• Face Value: ₹10 per equity share
• Price Band: ₹126 to ₹134 per share
• Lot Size: 111 shares
• Minimum Investment Amount (Retail Investor): ₹14,874 (111 shares at the upper price)
• Listing: BSE, NSE
• Book Running Lead Managers: Choice Capital Advisors Private Limited
• Registrar: Bigshare Services Private Limited

Adroit Industries (India) IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Adroit Industries (India) IPO Day 3 Subscription Status

[September 25, 2026, 10:15 A.M.]

Utilisation of IPO Proceeds

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

• Funding incremental working capital requirements of the company
• General corporate purposes.

Utilisation of IPO Proceeds

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

• Capital Expenditure for Distillation Plant at Ravalgaon, Maharashtra
• Capital Expenditure for expansion and Development of Farms
• Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
• General corporate purposes.

About Adroit Industries (India) Limited

Incorporated in 1966, Adroit Industries (India) Limited manufactures propeller shafts and torque transmission components for the automotive and industrial sectors. Its integrated manufacturing capabilities include forging, precision machining, heat treatment, assembly, and testing.

As of February 28, 2026, the company offered over 5,000 SKUs and supplied products to distributors, Tier-1 suppliers, and OEMs. Its products are primarily used in commercial vehicles, as well as SUVs, defence, heavy equipment, and industrial applications.

 Key Financial Highlights 

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