Adroit Industries (India) IPO
Adroit Industries (India) Limited (ADROITIND) · mainboard IPO on NSE and BSE · Book Building. Listed on 30 September 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +39.4% (likely range +5% to +94%), day's high +46.0%, chance of a gain 97%. Actual: +75.4% at the open, +85.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 22,49,400 | 43,87,19,397 | 195x | |
| NII (HNI) total | 16,87,050 | 56,06,83,422 | 332x | |
| Big NII (above ₹10 lakh) | 11,24,700 | 38,91,15,939 | 346x | |
| Small NII (₹2-10 lakh) | 5,62,350 | 17,15,67,483 | 305x | |
| Retail | 39,36,450 | 39,28,92,381 | 99.8x | |
| Total | 78,72,900 | 1,39,22,95,200 | 177x |
Bids on NSE and BSE together, as published by NSE, as of 25 Sep 2026, 07:00 PM. Shares offered exclude the anchor portion. 25% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Adroit Industries (India)'s, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Stallion India FluorochemicalsJan 2025 | 173x | 422x | 96.9x | 188x | ₹199 Cr | +33.3% | +40.0% |
| Gala Precision EngineeringSep 2024 | 233x | 415x | 91.9x | 201x | ₹168 Cr | +36.3% | +43.1% |
| Mamata MachineryDec 2024 | 236x | 274x | 138x | 195x | ₹179 Cr | +146.9% | +159.3% |
| Motisons JewellersDec 2023 | 157x | 234x | 122x | 160x | ₹154 Cr | +98.2% | +99.6% |
| Orient TechnologiesAug 2024 | 190x | 301x | 66.9x | 152x | ₹218 Cr | +39.8% | +46.8% |
| Advit JewelsJun 2026 | 175x | 536x | 95.3x | 213x | ₹165 Cr | +36.9% | +39.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Choice Capital Advisors | 9 | +24.8% | 100% |
Offer documents (NSE)
Frequently asked
What is the Adroit Industries (India) IPO price band and lot size? ₹126–134 per share, with a lot of 111 shares, so the smallest retail bid is ₹14,874.
How many times has it been subscribed? 177x overall: QIB 195x, NII 332x, retail 99.8x.
How did it list? It opened at ₹235, +75.4% against the issue price of ₹134, and closed its first day +85.4%.
