Adroit Industries (India) IPO

Adroit Industries (India) IPO is a book-building issue of 1.12 crore equity shares. The IPO consists of a fresh issue of up to 98.97 lakh equity shares and an offer for sale (OFS) of up to 13.50 lakh equity shares.

Choice Capital Advisors Private Limited is the book-running lead manager to the issue, and Bigshare Services Private Limited is the registrar. For detailed information on the company's financials, business operations, and associated risks, investors are advised to refer to the Adroit Industries IPO DRHP.

About Adroit Industries (India) Limited

Adroit Industries (India) Limited was originally established as a partnership firm, M/s Adroit Industries, under the Indian Partnership Act, 1932. The business was subsequently restructured into a corporate entity and now operates as Adroit Industries (India) Limited, engaged in the manufacturing of driveline and torque-transmission components and assemblies.

The company specialises in the design, manufacturing and supply of propeller shafts, cardan shafts, driveshaft assemblies, yoke components, flange components, shaft components, universal joints, CV double cardan systems and various other driveline products. As of February 28, 2026, the company offered more than 5,000 stock keeping units (SKUs) catering to diverse customer requirements across automotive and non-automotive sectors.

Adroit operates a vertically integrated manufacturing model that covers key production processes including die-making, forging, heat treatment, machining, assembly, balancing and finishing. Its manufacturing operations are supported by facilities located in Dewas, Pithampur and Sanwer in Madhya Pradesh, enabling end-to-end control over production and quality.

The company serves customers across industries such as automotive, commercial vehicles, construction equipment, mining machinery and industrial applications. Its customer base includes organisations such as Godrej & Boyce Manufacturing Company Limited, BEML Limited, VE Commercial Vehicles Limited, Sandvik Mining and Rock Technology India Private Limited and several other engineering and equipment manufacturers.

In addition to its domestic operations, Adroit has established an international presence through exports to global markets. To strengthen customer engagement and support export activities in North America, the company incorporated Adroit Driveshafts Canada Limited in March 2022. The company’s growth strategy focuses on expanding manufacturing capacity, enhancing operational efficiency, broadening its product portfolio, strengthening customer relationships and increasing its presence in international markets.

Industry Outlook

• India’s automotive and engineering manufacturing sectors continue to grow, supported by rising industrial activity, infrastructure development and increasing demand for commercial vehicles, construction equipment and mining machinery.
• Driveline and torque-transmission components remain essential parts of automotive and industrial equipment, creating sustained demand for manufacturers with diversified product portfolios and technical capabilities.
• The growing focus on localisation and domestic manufacturing under various government initiatives is expected to support Indian component manufacturers and reduce dependence on imports.
• Rising investments in roads, mining, infrastructure and construction activities are likely to drive demand for heavy vehicles and equipment, thereby increasing requirements for driveline assemblies and associated components.
• Export opportunities for Indian engineering companies continue to expand as global customers seek cost-efficient and quality-driven manufacturing partners with integrated production capabilities.
• Industry participants with vertically integrated operations are better positioned to control quality, optimise costs and improve delivery timelines, providing a competitive advantage in domestic and international markets.
• Technological advancements, product customisation requirements and increasing quality standards are expected to encourage manufacturers to invest in advanced machining, forging and assembly capabilities to support long-term growth.

Adroit Industries (India) IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

• Fund capital expenditure towards the procurement of machinery and equipment for enhancing operations at the Dewas manufacturing facility.
• Purchase transportation vehicles to facilitate local movement of goods between manufacturing facilities and improve operational efficiency.
• Invest in its subsidiary, Adroit Driveshafts Private Limited, through debt, equity or a combination of both for capital expenditure purposes.
• Support the acquisition of machinery and equipment for enhancing operations at the Pithampur facility operated by the subsidiary.
• Fund the purchase of transportation vehicles for inter-facility logistics and supply chain support at the subsidiary level.
• Invest in Adroit Driveshafts Private Limited for the repayment or prepayment of certain outstanding borrowings, either in full or in part.
• Utilise a portion of the proceeds for general corporate purposes, including strengthening business operations and supporting future growth initiatives.

Financial Performance of Adroit Industries (India) Limited

Adroit Industries (India) Limited Peer Details Comparison

Strengths and Opportunities of Adroit Industries (India) IPO

1. The company offers a diversified portfolio of more than 5,000 SKUs of driveline and torque-transmission components serving multiple industries.
2. Vertically integrated manufacturing operations provide end-to-end control across forging, machining, assembly and finishing processes.
3. Established relationships with reputed customers across automotive, commercial vehicle, mining and industrial sectors support revenue stability.
4. A broad product portfolio enables the company to address varied customer requirements and application-specific demands.
5. Manufacturing facilities located in Madhya Pradesh provide operational flexibility and support scalable production capacities.
6. Growing export presence and the establishment of Adroit Driveshafts Canada Limited create opportunities for deeper penetration into North American markets.
7. Expansion of machinery and production infrastructure through IPO proceeds may improve capacity utilisation and operational efficiencies.
8. Increasing infrastructure, mining and construction activity in India is expected to support demand for driveline and torque-transmission products.
9. Membership in industry bodies such as CII, ACMA and EEPC India provides industry engagement opportunities and enhances market visibility.

Risks and Threats of Adroit Industries (India) IPO

1. The company derives a significant portion of its revenue from a limited number of key customers, making it vulnerable to customer concentration risk.
2. Any slowdown in the automotive, commercial vehicle, mining or construction equipment industries could adversely affect demand for its products.
3. Manufacturing operations depend on uninterrupted availability of raw materials and components, and supply disruptions could impact production.
4. Delays in implementing the proposed capital expenditure projects may affect expected operational benefits from the IPO proceeds.
5. The business is exposed to fluctuations in steel and other raw material prices, which could impact profitability.
6. Dependence on manufacturing facilities in specific geographic locations may expose operations to regional disruptions.
7. Export revenues may be affected by changes in global economic conditions, trade regulations, currency fluctuations or geopolitical developments.
8. The company operates in a competitive engineering components market where pricing pressure and technological advancements may affect margins.
9. Any failure to maintain product quality standards, customer relationships or manufacturing efficiency could adversely impact financial performance and future growth prospects.

Adroit Industries (India) IPO Reservation

Adroit Industries (India) IPO Promoter Holding

The promoters of the company are Saurabh Sangla, Mukesh Sangla, Monika Sangla, Shubhangi Trust, Shreya Trust and Swan Irrigation.

Adroit Industries (India) IPO Prospectus

• Adroit Industries (India) IPO DRHP

Adroit Industries (India) IPO Registrar and Lead Managers

Adroit Industries (India) IPO Lead Managers

• Choice Capital Advisors Private Limited

Registrar for Adroit Industries (India) IPO

Bigshare Services Private Limited

• Contact Number: +91 8657578989
• Email Address: ipo@bigshareonline.com

Adroit Industries (India) IPO Registrar

How To Apply for Adroit Industries (India) IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Adroit Industries (India) IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of the Adroit Industries (India) IPO?

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1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
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Contact Details of Adroit Industries (India) IPO

Registered Office: Gala No. 02, Building No. A-2, Gr. Floor, Print World Industrial Complex, Survey No. 15/1, Mankoli Road, Vehele, Shastrinagar, Bhiwandi, Thane, Maharashtra, 421302.

Phone: +91 91711 14099

E-mail: cs@adroitindustries.com