Adroit Industries (India) Limited manufactures propeller shafts and torque-transmission components for automotive and non-automotive applications. As of July 31, 2026, it offered 5,250 SKUs across propeller shafts, yokes, shafts, flanges, universal joints and other driveline components.
The company has an integrated manufacturing setup covering forging, machining, heat treatment, assembly, balancing and testing, with facilities in Dewas, Pithampur and Sanwer, Madhya Pradesh.
Adroit serves commercial vehicles, passenger vehicles, defence, heavy equipment and industrial machinery, supplying products through distributors, Tier-1 suppliers and OEMs.
The company has a strong export presence, supported by subsidiaries in Canada and the United States for customer engagement and after-sales support in North America.
Its customers include Godrej & Boyce, BEML, VE Commercial Vehicles, Sandvik Mining and Rock Technology India and Oilgear India. Customers associated for over three years contributed 71.91% of product revenue in FY2026.
As of July 31, 2026, Adroit Industries had 367 permanent employees on a consolidated basis, including 85 employees at the company and 282 at its subsidiary, Adroit Driveshafts Private Limited. Additionally, the company had 213 contract workers.
Adroit Industries IPO – Details
| IPO Opening Date | 23 September 2026 |
| IPO Closing Date | 25 September 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,12,47,000 Shares Worth ₹150.71 Crore Fresh Issue: 98,97,000 Shares Worth ₹132.62 Crore Offer For Sale: 13,50,000 Shares Worth ₹18.09 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹126 – ₹134 per share |
| Market Lot | 111 Shares |
| Min Order | 111 Shares [1 Lot] |
| Listing At | BSE, NSE |
| Register | Bigshare Services Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Adroit Industries IPO – Date Schedule
| IPO Open Date | 23 September 2026 |
| IPO Close Date | 25 September 2026 |
| Basis of Allotment | 28 September 2026 |
| Initiation of Refund | 29 September 2026 |
| Credit of Shares to Demat Account | 29 September 2026 |
| IPO Listing Date | 30 September 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 25, 2026 |
Adroit Industries IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 111 | ₹14,874 |
| Retail (Max) | 13 | 1443 | ₹1,93,362 |
| S-HNI (Min) | 14 | 1554 | ₹2,08,236 |
| S-HNI (Max) | 67 | 7437 | ₹9,96,558 |
| B-HNI (Min) | 68 | 7548 | ₹10,11,432 |
Competitive Strength
- A large and diversified product portfolio with over 5,000 SKUs.
- Fully integrated manufacturing operations ensure quality control and cost efficiency.
- Strong and long-standing relationships with a diversified customer base.
- High entry barriers supported by technical expertise and validation capabilities.
- Well-established export network across multiple international markets.
- Experienced promoters and management team driving business growth.
Company Promoters
- Saurabh Sangla
- Mukesh Sangla
- Monika Sangla
- Shubhangi Trust
- Shreya Trust
- Swan Irrigation
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹125.10 Cr | ₹107.14 Cr | ₹14.53 Cr | ₹16.29 Cr |
| 31 March 2025 | ₹136.61 Cr | ₹113.79 Cr | ₹18.14 Cr | ₹8.32 Cr |
| 31 March 2026 | ₹143.04 Cr | ₹110.14 Cr | ₹26.16 Cr | ₹52.40 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROCE | 19.01% |
| Debt/Equity | 0.41 |
| RoNW | 22.51% |
| PAT Margin | 18.69% |
| EBITDA Margin | 27.66% |
| NAV | 36.84 |
| Pre IPO | Post IPO | |
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Funding capital expenditure by the Company towards procurement of; (i) machinery and equipment for enhancement of operations at Dewas Facility; and (ii) transportation vehicle for local transportation of goods between the Manufacturing Facilities. | ₹19.91 |
| Investment in the 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; and (ii) transportation vehicle for local transportation of goods between the Manufacturing Facilities. | ₹43.96 |
| Investment in the 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 the Subsidiary. | ₹24.12 |
| General Corporate Purposes. |
Adroit Industries IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 10 | Hindustan Hardy Ltd | 12.98 |
| 2 | 10 | Talbros Engineering Ltd | 10.70 |
| 3 | 10 | GNA Axles Ltd | 20.85 |
✅Strengths
- Diversified Products with 5,250 SKUs.
- Integrated Manufacturing from forging to assembly.
- Strong Export Presence across international markets.
- Diversified End Markets across automotive and industrial sectors.
- Established Customers including OEMs and Tier-1 suppliers.
⚠️Risks
- Raw Material Volatility may impact margins.
- Automotive Dependence affects demand.
- Export Risks from overseas market conditions.
- Labour & Safety Risks may disrupt operations.
- Expansion Risks related to capacity and working capital.
Adroit Industries IPO Promoter Holding
| Pre Issue Share Holding | 51.30% |
| Post Issue Share Holding | 36.96% |
Adroit Industries IPO Prospectus
Company Contact Information
| Adroit Industries Ltd. Gala No. 02, Building No. A-2, Gr. Floor Print World Industrial Complex, Survey No. 15/1, Mankoli Road, Vehele, Shastrinagar, Bhiwandi Thane, Maharashtra, 421302 Phone: +91 91711 14099 Email: cs@adroitindustries.com Website: https://adroitindustries.com/ |
Adroit Industries IPO Registrar
| Bigshare Services Pvt. Ltd. Phone: 8657578989/8069219065/8069219060 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Adroit Industries IPO Lead Manager(s)
| 1. Choice Capital Advisors Pvt. Ltd. |
Adroit Industries IPO FAQs
| What is the Adroit Industries IPO? Adroit Industries IPO is a main-board IPO. The issue is priced at ₹126 to ₹134 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the Adroit Industries IPO open? The IPO is to open on 23 September 2026 for QIB, NII, and Retail Investors. |
| What is Adroit Industries IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Adroit Industries IPO Size? Adroit Industries IPO size is ₹150.71 Crore. |
| What are the Adroit Industries IPO Minimum and maximum lot sizes for Retail? The minimum bid is 111 Shares with ₹14,874, while the maximum bid is 1443 Shares with ₹1,93,362. |
| What is the Adroit Industries IPO Allotment Date? Adroit Industries IPO allotment date is 28 September 2026. |
| What is the Adroit Industries IPO Listing Date? Adroit Industries IPO listing date is 30 September 2026. The IPO is to be listed on the BSE and the NSE. |
