Adroit Industries (India) Ltd

ADROITIND Adroit Industries (India) Ltd

BSE IPO

Bidding dates23 Sep 2026 - 25 Sep 2026

Price range₹126 - ₹134

Min. investment₹14,874

Issue size150.71 Cr

Lot size111 Shares

IPO DocRHP

IPO Timeline

Start date

23 Sep 2026

End date

25 Sep 2026

Allotment date

28 Sep 2026

Refund initiation

29 Sep 2026

Share credit

29 Sep 2026

Deactivate mandate

30 Sep 2026

About company

Incorporated in January 1995, Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts and torque-transmission components used in driveline systems. The Company offers a portfolio of over 5,000 SKUs comprising precision-machined torque-transmission components, complete propeller shaft assemblies and forged components. Its vertically integrated manufacturing capabilities cover forging, precision machining, heat treatment, assembly, balancing and testing, enabling end-to-end control over the production process.

The Company supplies its products through distributors, Tier-1 driveline component suppliers and directly to OEMs, based on customer-specific technical requirements. Its products cater primarily to commercial vehicles, as well as SUVs, defence and emergency services, heavy equipment, off-highway machinery and industrial applications.

The Company has a strong export presence, supplying products to customers across North America, Europe, Latin America, the Middle East, Africa and Asia-Pacific. During Fiscal 2026, it supplied products to customers across more than 32 countries.

The Company is supported by its subsidiary, Adroit Driveshafts Private Limited, and together they had 367 permanent employees as of July 31, 2026.

Founded in 1995

Managing director Saurabh Sangla

Parent organisation Adroit Industries (India) IPO

Invest in Adroit Industries (india) Ltd now!

Strengths and Risks

Strengths

Adroit operates a vertically integrated model covering core capabilities such as forging, precision machining, heat treatment, assembly, balancing, and testing, which ensures strict quality control and margin retention.

The company boasts a vast product catalogue spanning thousands of stock-keeping units (SKUs), catering to diverse mechanical specifications for propeller shafts and torque-transmission components.

The company has demonstrated healthy top-line and bottom-line scaling. Operating profits (EBITDA) and Profit After Tax (PAT) have shown steady expansion over recent fiscal periods, backed by robust return metrics like ROE and ROCE.

Risks

A significant share of business relies on a concentrated group of key automotive OEMs and Tier-1 partners. Any slowdown or structural shift in their vehicle segments directly impacts order volumes.

Demand for torque-transmission components and propeller shafts tracks automotive and commercial vehicle production cycles, making the business vulnerable to macroeconomic headwinds or downturns in auto sales.

Core operations depend heavily on the continuous supply and stable pricing of raw metals (such as structural steel and forged alloys). Unfavorable commodity price fluctuations can pressure operating margins if cost increases cannot be fully passed on.