Auto comp maker Adroit Industries’ IPO subscribed 135.76x

Indore-based Adroit Industries concluded its IPO on September 25, 2026, with an overall subscription of 135.76x. The Qualified Institutional Buyer (QIB) category saw a subscription of 119.84x. The Non-Institutional Investor (NII) segment showed high demand, with the bHNI category subscribed 258.77x and the sHNI category at 296.77x. Retail investors participated with an 81.28x subscription rate.Founded in 1966, Adroit is a manufacturer and supplier of propeller shafts, drive shafts, and torque-transmission components. The firm generates approximately 95% of its revenue from exports to over 32 countries. The company plans to use the proceeds from the fresh issue for capital expenditure at its Dewas and Pithampur facilities, as well as for loan repayment and general corporate purposes.