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  1. Adroit Industries IPO Day 3: Check subscription status, allotment date and steps

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Adroit Industries IPO Day 3: Check subscription status, allotment date and steps

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.

3 min read | Updated on September 25, 2026, 09:13 IST

SUMMARY

The ₹150.71 crore Adroit Industries IPO is a mix of a fresh issuance of up to 98,97,000 shares valued at ₹132.62 crore and an offer for sale of up to 13,50,000 equity shares totalling ₹18.09 crore by promoter Mukesh Sangla HUF.

Adroit Industries Ltd is a vertically integrated manufacturer and supplier of propeller shafts and related torque-transmission components. | Image: adroitindustries.com

Adroit Industries Ltd is a vertically integrated manufacturer and supplier of propeller shafts and related torque-transmission components. | Image: adroitindustries.com

The initial public offering of Adroit Industries (India) Ltd will conclude on Friday, September 25. The details will be out on the websites of the NSE, the BSE and Bigshare Services.

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As of Day 2, the issue was subscribed 18.07 times. It got bids for 14,22,32,403 shares compared to 78,72,900 shares on offer, according to NSE data.

The quota for non-institutional investors received 27.21 times the subscription, while the portion for retail investors was subscribed 23.43 times. The category for qualified institutional buyers (QIBs) received 1.82 times the subscription.

The ₹150.71 crore IPO is a mix of a fresh issuance of up to 98,97,000 shares valued at ₹132.62 crore and an offer for sale of up to 13,50,000 equity shares totalling ₹18.09 crore by promoter Mukesh Sangla HUF.

The fresh issue proceeds will be used to fund capital expenditure needs towards procurement of equipment and machinery and transport vehicles for the company and its subsidiary Adroit Driveshafts Private Limited. It will also be utilised for debt clearance of Adroit Driveshafts and general corporate purposes.

With a price band of ₹126 to ₹134 per share, a lot consists of 111 shares.

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

Adroit Industries IPO allotment and listing date

The basis of allotment for Adroit Industries IPO is expected to be finalised on September 28. The listing on stock exchanges will take place on September 30.

How to check Adroit Industries IPO allotment status on NSE

Steps to check Adroit Industries IPO allotment status on Bigshare Services

  • On the Bigshare Services website, open the IPO allotment status page: www.bigshareonline.com/ipo_Allotment.html
  • From three servers available, click on any one
  • Pick 'Adroit Industries' from the IPO names
  • Mention your application number, PAN or beneficiary ID
  • Complete the 'captcha' verification
  • Click on the 'Search' button
Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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