According to the Red Herring Prospectus (RHP), the ₹150.71 crore book-built issue comprises a fresh issue of 98.97 lakh equity shares aggregating up to ₹132.62 crore and an offer for sale (OFS) of 13.50 lakh equity shares aggregating up to ₹18.09 crore by its existing shareholders.

The IPO will remain open until September 25, 2026. 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:

Event	Date
Subscription Opening Date	23 September 2026
Subscription Closing Date	25 September 2026
Basis of Allotment Date	28 September 2026
Refund Initiation Date	29 September 2026
Credit of Shares	29 September 2026
Listing on BSE and NSE	30 September 2026

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

Explore other Upcoming IPOs on BSE and NSE.

Adroit Industries (India) IPO Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not less than 35% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹134 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	111	₹14,874
Retail (Maximum)	13	1443	₹1,93,362
sNII (Minimum)	14	1554	₹2,08,236
bNII (Minimum)	68	7548	₹10,11,432

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 and supplies propeller shafts and other torque-transmission components. Its vertically integrated operations cover forging, precision machining, heat treatment, assembly, balancing, and testing. As of February 28, 2026, it offered more than 5,000 SKUs, including precision-machined components, propeller shaft assemblies, and forged components used as inputs in its manufacturing process.

The company supplies its products through distributors, Tier-1 driveline component suppliers, and directly to OEMs based on their technical requirements. Its products cater primarily to commercial vehicles, with limited applications in passenger vehicles, particularly SUVs. It also serves non-automotive sectors such as defence and emergency services, heavy equipment, off-highway machinery, and industrial applications.

Key Financial Highlights

Particulars	For the six-month period ended September 30, 2025 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	69.23	133.89	124.53
EBITDA	15.24	31.02	29.69
Profit After Tax (PAT)	10.64	18.14	14.53