The Adroit Industries IPO has attracted strong investor interest on its final day of bidding, with the issue receiving 18.07 times subscription by the end of Day 2. Adding to the buzz, the IPO's Grey Market Premium (GMP) has climbed to around ₹37, indicating an estimated listing price of nearly ₹171 if the grey market trend holds. However, GMP remains an unofficial indicator and does not guarantee listing performance.
The IPO opened for subscription on September 23 and closes on September 25, 2026. Shares are scheduled to list on both the NSE and BSE on September 30, 2026, while the basis of allotment is expected to be finalized on September 28.
Adroit Industries IPO Subscription Status
Investor participation remained strong throughout the issue period.
By the end of the second day:
Category Subscription Overall 18.07x Retail Investors 7.24x
The IPO received bids against 78.72 lakh shares on offer, reflecting healthy demand across investor categories.
Adroit Industries IPO GMP Today
The Grey Market Premium has increased from around 25% to 28%.
Detail
Value
Upper Price Band
₹134
GMP
₹37
Estimated Listing Price
₹171
Estimated Premium
Around 28%
The estimated listing price is calculated by adding the GMP to the upper price band.
Important: The Grey Market Premium is an unofficial and unregulated market indicator. It does not guarantee the actual listing price or listing gains.
Adroit Industries IPO Price Band and Lot Size
The company has fixed a price band of ₹126–₹134 per share.
Retail investors can apply for a minimum of 111 shares, which equals one lot.
Detail
Value
Price Band
₹126–₹134
Lot Size
111 shares
Minimum Investment
₹14,874
Important IPO Dates
Event
Date
IPO Opens
September 23, 2026
IPO Closes
September 25, 2026
Allotment
September 28, 2026
Listing
September 30, 2026
What Does Adroit Industries Do?
Founded in January 1995, Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components used in driveline systems.
The company manufactures more than 5,000 SKUs, including:
Complete propeller shaft assemblies
Precision-machined torque transmission components
Forged parts
Its integrated manufacturing setup includes:
Forging
Precision machining
Heat treatment
Assembly
Dynamic balancing
Testing
These capabilities allow the company to maintain greater quality control across production.
Key Industries Served
Adroit Industries supplies components to multiple sectors, including:
Commercial vehicles
SUVs
Defence vehicles
Emergency service vehicles
Heavy equipment
Off-highway machinery
Industrial applications
The diversified customer base gives the company exposure to several automotive and industrial segments.
Should Investors Watch the GMP?
The rising GMP and strong subscription indicate positive investor interest in the IPO.
However, market experts generally caution that GMP should not be treated as a guaranteed predictor of listing gains. Actual listing performance can differ depending on market conditions, institutional demand, and investor sentiment on listing day.
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