Adroit Industries (India) IPO
ADROITIND · BSE, NSE · Mainboard · Auto Ancillary
Overview
Updated 12 days agoAdroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of experience. The company serves a diverse global customer base across automotive and non-automotive sectors, with a significant portion of its revenue derived from exports, particularly to the United States.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 111 | ₹14,874 |
| Retail (max) | 13 | 1,443 | ₹1,93,362 |
| sNII (min) | 14 | 1,554 | ₹2,08,236 |
| bNII (min) | 68 | 7,548 | ₹10,11,432 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE, NSE |
| Segment | Mainboard |
| Sector | Auto Ancillary |
| Price band | ₹126–134 |
| Final issue price | ₹134.00 |
| Face value | ₹10 per share |
| Lot size | 111 shares |
| Minimum investment | ₹14,874 |
| Issue size | ₹151 Cr |
| P/E at upper band | 17.9x |
| Registrar | Bigshare Services Private Limited |
| NSE symbol | ADROITIND |
| ISIN | INE505M01015 |
Company & business
Adroit Industries (India) Limited is a manufacturer of propeller shafts and related torque-transmission components, offering over 5,000 SKUs. The company operates through a vertically integrated model with in-house capabilities in forging, precision machining, heat treatment, assembly, and testing. Its manufacturing facilities are located in Madhya Pradesh, India. The company supplies products to distributors, Tier-1 driveline component suppliers, and OEMs globally, with a strong export focus. It has established long-term relationships with customers and maintains a presence in over 32 countries. The company's product portfolio supports various applications, including commercial vehicles, defense, and industrial equipment.
Objects of the issue — how the money will be used
- Funding capital expenditure by our Company towards procurement of machinery and equipment for enhancement of operations at Dewas Facility and transportation vehicle (₹19.91 Cr)
- Investment in our Subsidiary, Adroit Driveshafts Private Limited, for funding capital expenditure towards procurement of machinery and equipment for enhancement of operations at Pithampur Facility and transportation vehicle (₹43.96 Cr)
- Investment in our Subsidiary, Adroit Driveshafts Private Limited, for re-payment or pre-payment of certain borrowings (₹24.12 Cr)
- General Corporate Purposes
Key strengths
- Extensive product portfolio with over 5,000 SKUs
- Vertically integrated manufacturing operations
- Strong export presence across 32+ countries
- High degree of repeat business from established customers
- Experienced promoters and management team
- Consistent financial performance and improving profitability
Key risks
- Significant revenue concentration in export markets, particularly the United States
- Concentration of manufacturing facilities in a single state (Madhya Pradesh)
- High dependence on a limited number of key customers
- Exposure to foreign currency exchange rate fluctuations without hedging
- Operational and financial interdependence with subsidiary Adroit Driveshafts Private Limited
- Impact of international trade policies and tariffs on export competitiveness
Promoters
Mukesh Sangla, Saurabh Sangla
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 124.53 | -- | 14.53 | -- | 87.82 | -- |
| FY25 | 133.89 | -- | 18.14 | -- | 103.53 | -- |
| FY26 | 139.94 | -- | 26.16 | -- | 128.63 | 52.40 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Adroit Industries (India) this issue | 139.9 | 7.48 | 17.9x | 22.51 | 36.84 |
| Hindustan Hardy Ltd | 108.8 | 55.92 | 13.0 | 25.00 | 250.24 |
| Talbros Engineering Ltd | 535.7 | 57.34 | 10.7 | 17.32 | 359.20 |
| GNA Axles Ltd | 1,478.4 | 27.24 | 20.9 | 12.28 | 233.89 |
This issue is priced at 17.9x P/E against a peer median of 13.0x: a premium of 38%. A measurement, not a verdict.
Other Auto Ancillary IPOs
Same sector, listed just before and after this one, with their listing-day change.
Kheria AutocompKHERIAAUTO · NSE · SME · Auto Ancillary+2.0%24 Sep Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.