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IPO Synopsis

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IPO

Adroit Industries India Ltd
Initial public offering of up to 11,247,000 of Rs. 10 each ("Equity Shares") of Adroit Industries (India) Limited ("The Company" or the "Issuer") for cash at a price of Rs. 126-134 per equity share (including a securities premium of Rs. 116-124 per equity share) ("Offer Price") aggregating up to Rs. 141.71-150.71 Crores (the "Offer") comprising a fresh issue of up to 9,897,000 equity shares aggregating up to Rs. 124.7-132.62 Crores by the company (the "Fresh Issue") and an offer for sale of up to 1,350,000 equity shares aggregating up to Rs.17.01-18.09 Crores by Mukesh Sangla HUF ("promoter group selling shareholder") ("offer for sale", and together with the fresh issue, the "Offer"). Price Band: Rs. 126 to Rs. 134 per equity share of face value of Rs. 10 each. The floor price is 12.6 times the face value of the equity shares and the cap price is 13.4 times the face value of the equity shares. Bids can be made for a minimum of 111 equity shares face value of Rs. 10 each and in multiples of 111 equity shares of face value of Rs. 10 each thereafter.
Issue
Opens On Closes On
23-Sep-26 25-Sep-26
Money Payable On
Application Allotment
126.00 0.00
Minimum Application for shares in Nos : 111 Further Multiples of : 111
Cr Lead Managers to the Issue
Project Cost (.Cr) 0.00 Choice Capital Advisors Private Limited
Project Financed through Current Offer (.Cr) 141.71  
Post Issue Equity Share Capital (.Cr) 44.81
Issue Price () 126.00
Projects
Funding capital expenditure by the company towards procurement of; i) machinery and equipment for enhancement of operations at Dewas Facility; ii) transportation vehicle for local transportation of goods between the Manufacturing Facilities
Investment in its Subsidiary, Adroit Driveshafts Pvt Ltd, in the form of equity, for funding capital expenditure towards procurement of; i) machinery & equipment ii) transportation vehicle for local transportation of goods
Investment in th company Subsidiary, Adroit Driveshafts Private Limited, in the form of debt or equity or a combination thereof, for re-payment or pre-payment, in full or in part, of certain borrowings availed by the company Subsidiary
General corporate purposes
Promoted By
Saurabh Sangla
Mukesh Sangla
Monika Sangla
Listing At
BSE
NSE
Registrar to the Issue
Bigshare Services Pvt Ltd