Adroit Industries IPO allotment: How to check status online on NSE, BSE, Bigshare Services; listing date, time revealed

The basis of allotment of Adroit Industries India is expected to be finalised on Monday, September 28. The bid finalisation details will be available on the websites of the National Stock Exchange (NSE), the BSE and Bigshare Services.

The initial public offering was subscribed 176.85 times, with bids for 1,39,22,95,200 shares against 78,72,900 shares on offer, according to the BSE data.

The non-institutional investors category garnered a massive 332.35 times subscription, while the qualified institutional buyers (QIB) quota was booked 195.04 times. Retail investors subscribed their portion 99.81 times.

The ₹150.71 crore initial share sale was a fresh issuance of ₹132.62 crore and an offer for sale (OFS) of ₹18.09 crore by promoter Mukesh Sangla HUF.

The net proceeds from the fresh issue will be used to procure machinery, equipment and transport vehicles for the company and its subsidiary, Adroit Driveshafts. It will also be used to repay debt of unit, Adroit Driveshafts, and general corporate purposes.

Established in 1966, Adroit Industries India Ltd is a vertically integrated manufacturer and supplier of propeller shafts and related torque-transmission components. It has in-house capabilities across forging, heat treatment, precision machining, assembly, balancing and testing.

Adroit Industries IPO allotment date and time

Adroit Industries IPO allotment status is likely to be finalised on Monday, September 28 by evening.

How to check Adroit Industries IPO allotment status online on NSE

• Open NSE's IPO allotment status page in your browser: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose the 'Equity & SME IPO bid details' option
• Pick 'Adroit Industries India Ltd' under the symbol 'ADROITIND'
• Fill in your PAN and application number
• Hit the 'Submit' button

Steps to check Adroit Industries IPO allotment status online on BSE

• Head to BSE's allotment portal: https://bseindia.com/investors/appli_check.aspx
• Issue type should be kept as 'Equity'
• From the ‘Issue Name’ section, pick 'Adroit Industries Ltd'
• Add any one: PAN or IPO application number
• Press the 'Search' button

Adroit Industries IPO allotment status on Bigshare Services; full steps

• Open this link: www.bigshareonline.com/ipo_Allotment.html
• Three servers will appear on screen, click on any one
• Pick 'Adroit Industries India' from the IPO names
• Fill in your beneficiary ID, application number or PAN
• Click on the 'Search' button

Adroit Industries IPO listing date and time

Shares of Adroit Industries India Ltd will be listed on the NSE and the BSE on Wednesday, September 30, at 10 am.