Adroit Industries (India) Limited

Adroit Industries (India) Limited (New IPO): GMP, Price, Review, Profit

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Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts (drive shafts/cardon shafts) and torque-transmission components used in driveline systems for the automotive and engineering sectors. The company has in-house capabilities across forging, precision machining, heat treatment, assembly, balancing and testing, with a portfolio of over 5,000 SKUs.

Adroit Industries offers more than 5,000 SKUs catering to commercial vehicles, SUVs, defence, heavy equipment, industrial machinery, and off-highway applications.
It exports its products to customers in over 25 countries including the United States, Canada, UK, Australia, Turkey, Colombia, and Russia through distributors, Tier-1 suppliers, and OEM relationships.

Adroit Industries (India) Limited was incorporated in 1995 & currently Mr. Saurabh Sangla serves as the Managing Director of the company.

Adroit Industries (India) Limited has filed its DRHP with SEBI for a proposed IPO of 11,247,000 Equity Shares featuring a Fresh Issue of 9,897,000 Equity Shares and an Offer for Sale (OFS) of 1,350,000 Equity Shares.

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:11,247,000 Equity Shares
Fresh Issue:9,897,000 Equity Shares
Offer for Sale:1,350,000 Equity Shares
Price Range:TBA
Lot Size:TBA
GMPPending

Adroit Industries (India) Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 103.52 Cr
Revenue:₹ 133.89 Cr
EBITDA₹ 31.01 Cr
PAT₹ 18.14 Cr
EBITDA Margin:~23.17%
PAT Margin~ 13.55%
Face Value:₹ 10

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Working Capital requirements₹ 16.76 Cr
Facility Expansion requirements₹ 36.96 Cr
Borrowing prepayment/repayment₹ 20.26 Cr
General Corporate PurposeBalance

Adroit Industries (India) Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 103.5₹ 124.5₹ 133.9
PAT (₹ Cr)₹ 6.4₹ 14.5₹ 18.1
Asset (₹ Cr)₹ 185.2₹ 199.4₹ 187.0
Net Worth (₹ Cr)₹ 65.3₹ 87.8₹ 103.5

Adroit Industries (India) Ltd IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
17-Jun₹ –₹ –₹ –
16-Jun₹ –₹ –₹ –
15-Jun₹ –₹ –₹ –
14-Jun₹ –₹ –₹ –
13-Jun₹ –₹ –₹ –
Adroit Industries (India) Limited

Adroit Industries (India) Limited Pro’s and Con’s

Strengths:

  • Strong niche presence in propeller shafts and driveline components with 5,000+ SKUs.
  • Export-oriented business with customer reach across 25+ countries reducing domestic dependency.
  • Vertically integrated manufacturing setup supports better quality control and margins.
  • Long operating history dating back to 1966 enhances industry credibility and relationships.
  • Exposure to automotive, defence, industrial, and off-highway sectors provides diversified demand base.

Risks:

  • Business is highly dependent on the cyclical automotive and industrial sectors.
  • Raw material price fluctuations can impact profitability and operating margins.
  • Customer concentration risk may arise if key OEM/export clients reduce orders.
  • SME/manufacturing companies can face liquidity and scalability challenges post listing.

Adroit Industries (India) Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Shreya Trust~ 20.23 %
Shubhangi Trust~ 9.99 %
Mukesh Sangla~ 6.74 %
Swan Irrigation LLP~ 5.43 %
Monika Sangla~ 3.32 %
Saurabh Sangla~ 2.98 %

Adroit Industries (India) Limited Lot Size details

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Annual Returns + Lead Managers / Registrars of Adroit Industries (India) Limited

ROE18.97%
ROCE15.76%
RoNW18.94%
Lead / Book Running Lead ManagersChoice Capital Advisors Private Limited
Registrar (RTA)Bigshare Services Private Limited

Adroit Industries (India) Limited FAQ’s

  • It manufactures propeller shafts, driveline systems, forged and precision-engineered automotive components supplied to OEMs, exports, industrial machinery, defence, and off-highway vehicle sectors.
  • Adroit Industries is raising funds to support capacity expansion, machinery purchase, subsidiary investment, debt repayment, and working capital to accelerate domestic and global business growth.
  • The IPO includes a Fresh Issue of  ~0.98 Cr Equity shares and an Offer for Sale (OFS) of  ~0.13 Cr Equity shares. It will be listed on NSE and BSE platform.
  • The company faces risks from automobile sector cyclicality, export dependency, raw material price volatility, customer concentration, and delays in large-scale expansion execution.
  • Strong export presence, integrated manufacturing, long operating history, diversified industrial applications, and rising global demand for driveline components offer long-term growth potential.
  • Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

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