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Adroit Industries (India) IPO Review

Adroit Industries (India) IPO has been reviewed by 9 analysts, and the overall consensus is Apply — carrying a score of 78. Out of the 9 analysts who have covered this IPO, 5 recommend subscribing while 4 advise caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹126-134 per share, with a minimum application size of 111 shares (minimum investment of approximately ₹14,874 at the upper band). Subscription ran from 23 Sep 2026 to 25 Sep 2026. The issue size is ₹151 crore, a mix of fresh issue and offer for sale. As of now, the grey market premium (GMP) for Adroit Industries (India) IPO is quoting at ₹55 (41.04%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
78/ 100
Apply 5 of 9 recommend subscribing
How analysts voted
Apply 5
May apply 1
Neutral 2
Avoid 1

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

The company makes propeller shafts and torque-transmission components, with in-house forging, machining, heat treatment and assembly, over 5,000 SKUs and customers in 32 countries. The notes put FY26 revenue near ₹140 crore and record EBITDA margin rising to 27.66 percent from 23.84 percent in FY24. Of six approved notes, three said subscribe, two stayed neutral and one advised caution.

Listing gains

At the upper band of ₹134 the notes value the issue between 17.9 and 23 times FY26 earnings, the gap reflecting diluted versus post-issue equity, with EV/EBITDA of 16.8 times on a market cap near ₹600 crore. Peers cited trade at roughly 11 to 18 times. One note calls the price fair given superior margins, and the notes point to a moderate listing.

Short-term strategy

Proceeds fund machinery at the Dewas facility and, through a subsidiary, at the Pithampur facility, plus general corporate purposes. Borrowings fell to ₹5.11 crore by September 2025 from ₹30.44 crore in March 2023. One note flags past negative cash flows and another currency exposure with no hedging policy. Near term the notes tie earnings to executing the planned capex.

Long-term strategy

The notes credit vertical integration, a range grown to 5,250 SKUs by July 2026 and margins above listed peers. Against that they set concentration: exports were 95.4 percent of FY26 product revenue, the United States 53.8 percent of exports, and the top ten customers 60.9 percent. The caution rating rests on this concentration, while the subscribe calls look to a long-term horizon.

How this is written: an AI-assisted summary of the 9 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

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Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Adroit Industries (India) IPO?

The analyst consensus for Adroit Industries (India) IPO tracked on this page is Apply, with a score of 78/100. Out of 9 analysts who have reviewed this IPO, 5 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 78 mean for Adroit Industries (India) IPO?

The score of 78 is an aggregate of all analyst ratings tracked for Adroit Industries (India) IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of Adroit Industries (India) IPO?

Adroit Industries (India) IPO listed on September 30, 2026 at ₹235, against the issue price of ₹134 — a gain of +75.37% (₹101 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Adroit Industries (India) IPO?

Adroit Industries (India) IPO was priced at ₹126-134 per share. The minimum lot size is 111 shares, making the minimum investment approximately ₹14,874 at the upper end of the price band. Subscription ran from 23 Sep 2026 to 25 Sep 2026.

Explore Adroit Industries (India) IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Adroit Industries (India) IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Apply
Score
78 / 100
Listed at
₹235
Full IPO details
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