Adroit Industries (India) IPO GMP Today and Kostak Price
Adroit Industries (India) IPO Grey Market Premium (GMP) today stands at ₹ 0, indicating cautious or neutral market sentiment ahead of listing. The Kostak rate is currently not available, while the Subject to Sauda price is quoted at currently not available. You can check the day-wise GMP trend below to track price movement and investor sentiment over time.
Adroit Industries (India) IPO is scheduled to open for subscription on September 23, 2026. The public issue aims to raise around ₹150.71 Cr. and is offered in a price band of ₹126 to ₹134 per share, with a market lot of 111 shares. Investors are closely watching subscription data and grey market trends ahead of the listing.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
Adroit Industries (India) IPO Dates
| Event | Date |
|---|---|
| Open Date | 23 Sep, 2026 |
| Close Date | 25 Sep, 2026 |
| Allotment Date | 28 Sep, 2026 |
| Refund Date | 29 Sep, 2026 |
| Credit to Demat | 29 Sep, 2026 |
| Listing Date | 30 Sep, 2026 |
Adroit Industries (India) IPO Expected Listing Price
| Basis | Value |
|---|---|
| Issue Price (Upper Band) | ₹134 |
| Current GMP | ₹ 0 |
| GMP-Based Listing Estimate | Not yet available |
| Listing Date | 30 Sep, 2026 |
Disclaimer: The listing price estimate above is based purely on the current grey market premium (GMP) and is not a guaranteed prediction. GMP is an unofficial, unregulated indicator and can change significantly in the 24–48 hours before listing. Do not make investment decisions based solely on GMP.
Is Adroit Industries (India) IPO GMP Reliable?
Grey market premium for Adroit Industries (India) IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Adroit Industries (India) IPO full review for a fundamentals-based assessment before making any grey market trades.
Adroit Industries (India) IPO IPO Kostak Rate Explained
The Kostak rate for Adroit Industries (India) IPO is currently not active. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price has not been quoted yet. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Adroit Industries (India) IPO
The company runs a fully integrated setup, handling forging, machining, assembly and testing in house. Doing all of it under one roof helps it control both quality and cost rather than depending on outside job workers for the critical steps.
It offers more than 5,000 products and sells to distributors, to large component manufacturers and directly to original equipment makers. Its parts go mainly into commercial vehicles, defence, heavy equipment and industrial machinery. Its manufacturing facilities are in Madhya Pradesh. Its customers include Godrej & Boyce Manufacturing, BEML, VE Commercial Vehicles, Sandvik Mining and Rock Technology India and Oilgear India. It exports to more than 25 countries across North America, Europe and the Asia Pacific region.
Strengths & Risks
Strengths
- ✓ The company has a very long record, having been incorporated in 1966, which is about 60 years.
- ✓ Profit has grown strongly, from Rs 6.42 crore in FY2023 to Rs 14.53 crore in FY2024 and Rs 18.14 crore in FY2025.
- ✓ Sales have grown steadily over the same period, from Rs 104.49 crore to Rs 136.61 crore.
- ✓ The margin is good for an auto component maker, with a PAT margin of 13.55% and an EBITDA margin of 23.17%.
- ✓ The company has cut its debt sharply, from Rs 30.44 crore in FY2023 to Rs 8.32 crore in FY2025 and Rs 5.11 crore as on 30 September 2025.
- ✓ Being fully integrated from forging through to testing is a real advantage in drive line parts, where quality failures are costly.
- ✓ The customer list is reputed and spread across sectors, including Godrej & Boyce, BEML, VE Commercial Vehicles and Sandvik Mining and Rock Technology.
- ✓ It exports to more than 25 countries and supplies defence and heavy equipment alongside commercial vehicles, so it is not tied to one end market.
Risks
- ⚠ The issue is priced at about 28.21 times earnings on an EPS of Rs 4.75, which is full for an auto component maker.
- ⚠ Promoter holding is already low at 51.3% before the issue and falls to 36.96% after it, leaving the promoters with barely a third of the company.
- ⚠ The latest column in the offer document is a half year ending 30 September 2025, so the most recent data is about a year old.
- ⚠ Total assets have barely moved in three years, from Rs 185.15 crore in FY2023 to Rs 205.69 crore as on 30 September 2025, so capacity has not grown much.
- ⚠ Demand follows the commercial vehicle and capital goods cycle, and a slowdown in truck or equipment sales passes straight through to a component supplier.
- ⚠ Steel and forging input costs move sharply and cannot always be passed on where OEM prices are fixed annually.
- ⚠ The manufacturing is concentrated in Madhya Pradesh, so there is location risk.
- ⚠ This is a fresh issue combined with an offer for sale, so a part of the money goes to the selling shareholders and not to the company.
Frequently Asked Questions about Adroit Industries (India) IPO
What is the GMP of Adroit Industries (India) IPO?
The current Grey Market Premium (GMP) of Adroit Industries (India) IPO is not yet started or active in the market.
What is the Kostak Price of Adroit Industries (India) IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Adroit Industries (India) IPO is currently not available.
What is the Subject to Sauda Price of Adroit Industries (India) IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What is the expected listing price of Adroit Industries (India) IPO based on GMP?
The listing price estimate is not yet available as GMP has not been established for Adroit Industries (India) IPO. Check back closer to the subscription date.
Is the GMP of Adroit Industries (India) IPO increasing or decreasing?
The GMP of Adroit Industries (India) IPO is currently stable. Track the day-wise GMP table above for the latest movement.
Explore Adroit Industries (India) IPO Further
For a complete picture before making your investment decision, explore these resources:
