According to latest market data, Adroit Industries IPO allotment status is expected to be finalized on Monday, September 28, with shares credited to successful allottees' demat accounts on the same day. The Adroit Industries IPO achieved exceptional final subscription of 176.85 times overall on the final day of bidding, with the Qualified Institutional Buyers (QIB) quota subscribed 195.04 times, Non-Institutional Investors (NIIs) category subscribed 332.35 times, and retail investors booking their quota 99.81 times. The ₹150.71 crore public issue opened for subscription on September 23 and closed on September 25, with the final issue price set at ₹134 per share. Investors can check their allotment status through BSE, NSE, and registrar websites, with refunds for unsuccessful applicants expected to begin on Tuesday, September 29. The issue was subscribed by investors placing bids for 1,39,22,95,200 shares against 78,72,900 shares on offer.
The grey market premium (GMP) for Adroit Industries IPO has climbed sharply to around ₹58 as of September 28, indicating strong investor confidence and signaling a potential 43.3% listing gain over the issue price. Based on the upper price band of ₹134, the estimated listing price works out to ₹192 per share, translating into a potential premium of 43.3% over the issue price. This represents a significant improvement from earlier GMP levels, with the latest data showing the issue offering substantial listing gains. The GMP is unofficial and based on speculative unlisted-market demand, and does not guarantee the actual listing price. However, it reflects strong investor sentiment ahead of the tentative listing date of Wednesday, September 30 on NSE and BSE. Investors can verify their allotment through multiple platforms including registrar Bigshare Services, NSE, and BSE websites.
Ahead of the IPO, Adroit Industries raised ₹45.21 crore from anchor investors by allotting 33.74 lakh shares at ₹134 apiece. Abakkus Venture Opportunities Fund acquired 7.46 lakh shares worth ₹10 crore, while Chhattisgarh Investments also picked up 7.46 lakh shares. Valour Capital Trust and Cognizant Capital Dynamic Opportunities Fund each acquired 5.59 lakh shares worth ₹7.5 crore respectively. The Adroit Industries IPO comprises a fresh issue of 98.97 lakh shares aggregating to ₹132.62 crore and an offer for sale of 13.50 lakh shares worth ₹18.09 crore. The price band has been fixed at ₹126 to ₹134 per share, with a lot size of 111 shares. Retail investors applying at the upper price band will need a minimum investment of ₹14,874 for one lot.
Adroit Industries is a ₹150.71 crore book-built issue comprising fresh shares worth ₹132.62 crore and an offer for sale of ₹18.09 crore by promoter Mukesh Sangla HUF. Incorporated in January 1995, the company is headquartered in Madhya Pradesh and is a vertically integrated manufacturer and supplier of propeller shafts and torque-transmission components used in driveline systems, offering a portfolio of over 5,250 SKUs as of July 31, 2026. The company has manufacturing facilities in Dewas, Pithampur and Sanwer and operates processes including forging, precision machining, heat treatment, assembly, balancing and testing. The company supplies products through distributors, Tier-1 driveline component suppliers and directly to OEMs, catering primarily to commercial vehicles, SUVs, defence and emergency services, heavy equipment, off-highway machinery and industrial applications. The company's vertically integrated manufacturing capabilities cover end-to-end control over the production process, with a strong export presence across North America, Europe, Latin America, the Middle East, Africa and Asia-Pacific, with customers in more than 32 countries during Fiscal 2026.
After allotment is finalized, shares will be credited to investor demat accounts before the IPO listing date, with the amount corresponding to allotted shares debited from blocked funds while any remaining amount will be unblocked. If shares are not allotted, no shares will be credited and the entire blocked amount will be released, allowing investors to use the funds for other investments. Investors can check allotment status through multiple platforms including BSE, NSE, and registrar websites. The ₹150.71 crore Adroit Industries IPO is scheduled to list on September 30, 2026, with the allotment expected to be finalized on September 28. The ₹63.8 crore is earmarked for procuring machinery and equipment for its Dewas and Pithampur facilities, along with transportation vehicles for moving goods between manufacturing locations. Another ₹24.19 crore will be used to repay or prepay borrowings of Adroit Driveshafts, with the balance allocated towards general corporate purposes. As of July 31, 2026, total outstanding borrowings stood at ₹57.46 crore, with around 42% of the debt proposed to be repaid from IPO proceeds.
