Adroit Industries, a Madhya Pradesh-based auto components maker backed by Abakkus Asset Manager, has fixed its ₹150.7 crore IPO price band at ₹126-134 per share. The issue opens for subscription on September 23. Investors should note the company's 95% export dependency and plans to use the proceeds to reduce subsidiary debt and upgrade manufacturing equipment.
Adroit Industries, a Madhya Pradesh-based manufacturer of auto components, is set to launch its initial public offering (IPO) on September 23, 2026. The company has fixed its price band between ₹126 and ₹134 per share for this ₹150.7 crore offering. The public subscription window will remain open for three days, closing on September 25.
Investors in this IPO will notice the backing of Abakkus Asset Manager, led by Sunil Singhania, which is an investor in the company. The public issue is structured to raise funds through a fresh issue of shares worth ₹132.6 crore and an offer-for-sale (OFS) of ₹18.09 crore. This offering follows regulatory clearance from the Securities and Exchange Board of India (SEBI) granted in August 2026.
Financials and Market Position
For the fiscal year ending March 2026, the company reported a revenue of ₹127.1 crore, showing a modest growth of 4.9 percent compared to ₹121.2 crore in the previous year. A key aspect for investors to monitor is the company’s heavy dependence on global markets. Approximately 95.4 percent of its revenue comes from exports, which means its financial health is closely tied to demand trends in foreign markets for its driveline systems.
The company plans to use the money raised from the fresh issue for two primary purposes. First, ₹53.7 crore will be allocated toward upgrading machinery at its manufacturing facilities in Dewas and Pithampur to support the production of over 5,000 different torque-transmission components. Second, ₹20.2 crore is earmarked to pay off debt held by its subsidiary, Adroit Driveshafts. This move is intended to improve the consolidated balance sheet by reducing debt pressure.
Competitive Context
Adroit Industries operates in the competitive auto components sector, facing domestic rivals such as Hindustan Hardy, Talbros Engineering, and GNA Axles. Unlike some peers that may have a more balanced revenue mix between domestic and international sales, Adroit's high reliance on exports makes it susceptible to global demand fluctuations and currency volatility. Investors often look at how such companies manage these risks while competing for market share.
IPO Allocation and Timeline
The IPO has a defined quota for different investor categories. It allocates 50 percent of the issue to qualified institutional buyers, 15 percent to non-institutional investors, and 35 percent to retail participants. Retail investors can place bids for a minimum lot of 111 shares, with an investment limit of ₹1,93,362 per application.
The anchor book for institutional investors is scheduled to open on September 22, 2026. Following the close of the issue, share allotment is expected to be finalized by September 28, with the company’s shares slated to list on the exchanges on September 30. For those tracking the company, the next important monitoring points will include the successful commissioning of the upgraded machinery, the actual impact of debt reduction on interest expenses, and the company’s ability to sustain revenue growth in the competitive global driveline systems market.