Adroit Industries (India) Limited
Promoters SAURABH SANGLA · MUKESH SANGLA · MONIKA SANGLA · SHUBHANGI TRUST · SHREYA TRUST · SWAN IRRIGATION LLP
Against an issue price of ₹134. Split- and bonus-adjusted official closes — a past move, never a forecast.
Adroit Industries (India) Limited raised ₹126 crore through a SME-platform initial public offer.
The filing places it in Auto Components and names six promoters: SAURABH SANGLA, MUKESH SANGLA, MONIKA SANGLA, SHUBHANGI TRUST, SHREYA TRUST and SWAN IRRIGATION LLP.
The book was open from 23 September 2026 to 25 September 2026.
The issue was priced at ₹134 a share, from a band of ₹126 to ₹134.
As of the exchange's 25-Sep-2026 19:00:00 update the book was subscribed 176.8 times the shares on offer, counting bids on NSE and BSE together.
Against their reserved portions: qualified institutional buyers 195.04 times, non-institutional investors 332.35 times and retail investors 99.81 times. Those portions add up to the whole offer; the sub-categories below each one are already counted inside it.
The shares listed on 30 September 2026.
The last official close on file is ₹171 (5 November 2026), which is 27.7% above the issue price.
It now trades as ADROITIND, and its filed financials are on its company page.
Shares sold in the issue at ₹134 last closed at ₹171.11.
See ADROITIND’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
- How it was priced
- Book-built — the price was discovered inside a band from the bids received
- Listing sought at
- BSE And NSE
- Registered office
- Western India
- Company website
- www.adroitindustries.com
- Registrar
- Bigshare Services Pvt Limited
- Lead manager
- Choice Capital Advisors Pvt Limited
- Bidding opens23 Sept 2026
- Bidding closes25 Sept 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing30 Sept 2026
Investors have bid for 176.85 times the shares on offer. Each category below has its own reserved portion, and those portions add up to the whole offer.
Bids placed on NSE alone, excluding BSE. It is smaller than the 176.85x headline above and the two must never be compared or added together.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We have not extracted an anchor allotment list for this issue.
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment30 Mar 2027whole tranche releases on this date
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment30 Mar 2028whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.
Weighted-average return on net worth over the same years: 6.16%.
Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.
Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| GNA Axles Limited | 20.9 | — | 12.3% | — | ₹14,784 cr |
| Hindustan Hardy Ltdnot in our universe | 13.0 | — | 25.0% | — | ₹1,088 cr |
| Talbros Engineering Ltdnot in our universe | 10.7 | — | 17.3% | — | ₹5,357 cr |
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Choice Capital Advisors Private Limited 2023 – 2026 | 13 4 measurable | +15.6% | 1 of 3 | 1 of 1 | — |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Bigshare Services Private Limited 2021 – 2026 | 219 22 measurable | +10.9% | 8 of 23 | 7 of 13 | 4 of 7 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive28 Sept 2026
- Draft red herring prospectus (DRHP)· ZIP · exchange archive30 Mar 2026
- Draft red herring prospectus (DRHP)· PDF · exchange archive5 Jun 2017
- Financial ratios advertisement· ZIP · exchange archive
- In-principle approval (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.