Adroit Industries IPO Subscription Day 2: Issue Subscribed 18.08 Times

Mumbai, September 24: Adroit Industries IPO continued to attract strong investor interest on the second day of bidding, with the ₹150.71 crore issue subscribed 18.08 times by September 24, 2026.

The IPO opened for subscription on September 23 and will close on September 25. By 5:40 PM on Day 2, investors had bid for 14,23,05,885 shares against 78,72,900 shares offered, taking the overall subscription to 18.08 times.

The NII category recorded the highest subscription among the three public investor categories at 27.22 times. The retail portion was subscribed 23.45 times, while the QIB (Ex Anchor) portion stood at 1.82 times.

Adroit Industries has fixed the issue price at ₹134 per share, with the price band set at ₹126 to ₹134. The lot size is 111 shares, requiring a minimum investment of ₹14,874 for retail investors at the upper end of the price band.

With one day still left in the bidding window, investors can continue to place bids until September 25.

Adroit Industries IPO Subscription Details

Adroit Industries IPO is a ₹150.71 crore bookbuilding issue comprising a fresh issue of 98.97 lakh shares worth ₹132.62 crore and an offer for sale of 13.50 lakh shares worth ₹18.09 crore.

The company has set the price band at ₹126 to ₹134 per share, with the issue price fixed at ₹134 per share.

The IPO opened on September 23 and will remain open for subscription until September 25, 2026.

For retail investors, one lot consists of 111 shares. At the upper price band of ₹134, one lot requires an investment of ₹14,874. Investors can apply for additional lots in multiples of 111 shares.

The issue has reserved 50% of the total issue for QIBs, 15% for NIIs and 35% for retail investors.

Adroit Industries shares are proposed to be listed on both the BSE and NSE, with the tentative listing date set for September 30, 2026.

Adroit Industries IPO Subscription Status

As of 5:40 PM on September 24, the IPO had received bids for 14,23,05,885 shares against 78,72,900 shares available for subscription.

The retail portion received bids for 9,23,00,052 shares against 39,36,450 shares offered. This took the retail subscription to 23.45 times.

The NII category attracted bids for 4,59,15,483 shares against 16,87,050 shares available, translating into a subscription of 27.22 times.

Within the NII category, the portion for applications above ₹10 lakh was subscribed 22.55 times, while the portion for applications below ₹10 lakh was subscribed 36.54 times.

The QIB (Ex Anchor) portion received bids for 40,90,350 shares against 22,49,400 shares offered. This resulted in a subscription of 1.82 times.

A total of 7,04,859 applications had been received by the Day 2 update.

Day-wise Subscription Details

Adroit Industries IPO has completed two days of its three-day bidding period. The overall subscription jumped from 5.22 times on Day 1 to 18.08 times by Day 2.

Date	QIB (Ex Anchor)	NII	NII (> ₹10L)	NII (< ₹10L)	Retail	Total
Sep 23 (Day 1)	0.05x	7.30x	5.70x	10.48x	7.29x	5.22x
Sep 24 (Day 2)	1.82x	27.22x	22.55x	36.54x	23.45x	18.08x

The Day 2 figures are based on the September 24 update at 5:40 PM. The IPO will remain open for one more day, with bidding scheduled to close on September 25.

Adroit Industries IPO Lot Size

Investors can apply for a minimum of 111 shares in the Adroit Industries IPO and in multiples of 111 shares thereafter.

At the upper price band of ₹134, one retail lot requires an investment of ₹14,874.

Investor Category	Lots	Shares	Amount
Retail (Min)	1	111	₹14,874
Retail (Max)	13	1,443	₹1,93,362
S-HNI (Min)	14	1,554	₹2,08,236
S-HNI (Max)	67	7,437	₹9,96,558
B-HNI (Min)	68	7,548	₹10,11,432

Adroit Industries IPO Anchor Investors

Adroit Industries raised ₹45.21 crore from anchor investors ahead of the public issue. The anchor bidding took place on September 22, 2026.

The company offered 33,74,100 shares to anchor investors.

The lock-in period for 50% of the anchor shares ends on October 28, 2026, while the lock-in period for the remaining shares ends on December 27, 2026.

About Adroit Industries (India) Ltd.

Incorporated in January 1995, Adroit Industries (India) Ltd. is a vertically integrated manufacturer and supplier of propeller shafts and torque-transmission components used in driveline systems.

The company offers more than 5,000 SKUs covering precision-machined torque-transmission components, complete propeller shaft assemblies and forged components. Its manufacturing capabilities span forging, precision machining, heat treatment, assembly, balancing and testing, allowing it to manage multiple stages of the production process.

Adroit Industries IPO Key Dates

The Adroit Industries IPO opened for subscription on September 23 and will close on September 25, 2026.

The tentative allotment date is September 28, followed by refunds on September 29. Shares are expected to be credited to successful applicants on September 29, while the tentative listing on the BSE and NSE is scheduled for September 30.

Conclusion

Adroit Industries IPO has seen a sharp increase in subscription activity on Day 2, with the issue subscribed 18.08 times as of the September 24 update.

The NII category currently leads the public investor segments at 27.22 times, followed by retail investors at 23.45 times. The QIB (Ex Anchor) portion has been subscribed 1.82 times.

Overall, investors have placed bids for 14,23,05,885 shares against 78,72,900 shares on offer, with 7,04,859 applications recorded so far.

The IPO is still open for subscription and will close on September 25. The final subscription figures will be available after the bidding window ends.

Source:

• https://www.bseindia.com/markets/publicissues/displayipo?id=4844&type=IPO&idtype=1&status=L&IPONo=7993&startdt=23%2F09%2F2026