Adroit Industries (India)
Maker of propeller shafts and torque-transmission components for commercial vehicles, SUVs, defence and off-highway machinery.
Last updated 4 Oct 2026, 7:13 pm IST
- Price band
- ₹126 – ₹134
- Lot size
- 111
- Issue size
- ₹150.71 Cr (₹132.62 Cr fresh + ₹18.09 Cr OFS)
- Opens
- 23 Sept 2026
- Closes
- 25 Sept 2026
- Exchange
- Both
The numbers
- GMP
- ₹37 (~27.6%) (25 Sep, final day)
- Subscription
- 18.07× (final)
- Listing gain
- NSE +75.4% (30 Sep, open)
- Listing date
- 30 Sept 2026
- Model prediction
- ~+34% expected -> Strong Subscribe. Listed +75.4% NSE (30 Sep), closed day 1 at +85.4%; call held and then some.
The Ticker Tales take
Adroit Industries (India), incorporated in 1995, makes propeller shafts and torque-transmission components for driveline systems, supplying commercial vehicles, SUVs, defence and emergency services, heavy equipment and off-highway machinery across more than 32 countries. FY26 revenue rose a modest 5% to ₹143 crore while profit grew a healthier 44% to ₹26.2 crore. Of the ₹150.71 crore issue, ₹132.62 crore is fresh money for the company and a smaller ₹18.09 crore is an existing shareholder selling down. Demand stayed very strong through the close, the book finishing at about 18.07 times covered, and the grey market premium held up around ₹37, roughly 28% over the top of the band. We expect a strong listing — a pop of around 34% — so this is a Strong Subscribe. Expected versus actual: we saw a pop of around 34%; it listed 75% up and closed the first day at about 85%, so the call was right on direction but well undershot the size.
More details
- Sector
- Auto components / driveline systems
- FY26 PAT
- ₹26.16 Cr
- Registrar
- Bigshare Services
- Issue type
- Book-built (₹132.62 Cr fresh + ₹18.09 Cr OFS)
- FY26 revenue
- ₹143.04 Cr
- Incorporated
- 1995
- Lead manager
- Choice Capital Advisors
- Anil Singhvi - Long-term call
- Not clearly stated
- Anil Singhvi - Listing-gain call
- Not clearly stated
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Calls here follow a set formula (GMP, subscription trends) plus Anil Singhvi's publicly shared view — not investment advice. Please do your own research before investing.