Adroit Industries IPO Gets Anchor Support As Six Investors Commit ₹45.21 Crore
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Adroit Industries has raised ₹45.21 crore from six anchor investors ahead of its IPO, which opens for public subscription on 23 September 2026. The issue comprises a fresh issue and an OFS. Read more.
Adroit Industries (India), a Madhya Pradesh-based manufacturer of propeller shafts and torque-transmission components for driveline systems, has mobilised ₹45.21 crore from six anchor investors ahead of its initial public offering (IPO).
The company allotted 33.74 lakh shares to six anchor investors on 22 September 2026 at the upper end of its price band, which is ₹134 per share.
The Adroit Industries IPO will open on 23 September 2026 and close on 25 September 2026.
Adroit Industries IPO Details
The Adroit Industries IPO will raise ₹150.7 crore through a fresh issue of 98.97 lakh shares and an offer for sale (OFS) of 13.5 lakh shares by promoter entity Mukesh Sangla Hindu Undivided Family (HUF).
The price band has been fixed at ₹126-134 per share. Choice Capital Advisors is the sole merchant banker managing the IPO.
Adroit Industries’ Anchor Investors Details
Six anchor investors participated in the Adroit Industries IPO:
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Abakkus Venture Opportunities Fund: 7.46 lakh shares worth ₹10 crore. It already held a 3.18% stake in the company before the IPO.
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Chhattisgarh Investments: 7.46 lakh shares.
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Valour Capital Trust: 5.59 lakh shares worth ₹7.5 crore.
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Cognizant Capital Dynamic Opportunities Fund: 5.59 lakh shares worth ₹7.5 crore.
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Aarth AIF Growth Fund: 3.88 lakh shares worth ₹5.2 crore.
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Fortune Hands Growth Fund Scheme: 3.73 lakh shares worth ₹5 crore.
Usage Of Proceeds
Adroit Industries plans to use ₹63.8 crore from the net fresh issue proceeds to purchase machinery and equipment for its Dewas and Pithampur facilities. Part of the allocation will also fund transportation vehicles for moving goods between its manufacturing facilities.
A further ₹24.1 crore will go towards repaying the debt of its subsidiary, Adroit Driveshafts. The remaining fresh issue proceeds are earmarked for general corporate purposes.
Also Read - Adani Group Companies Pay ₹1.5 Crore To Settle SEBI Proceedings
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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