Auto Ancillary - Listed on 30 September 2026
Adroit Industries (Auto Ancillary) closed its IPO window in 2026 and listed on NSE and BSE on 30 September 2026 at an upper band issue price of Rs 134, opening at Rs 235 for a listing gain of +75.4%. The IPO was subscribed 176.85x overall - QIB 195.04x, HNI/NII 332.35x, Retail 99.81x. The total issue size was Rs 150.71 Cr (Fresh Issue Rs 132.62 Cr, OFS Rs 18.09 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Auto Ancillary
Adroit Industries is a vertically integrated manufacturer of propeller shafts and related torque-transmission components, serving automotive, defence, emergency services, heavy equipment and industrial applications. It operates manufacturing facilities in Madhya Pradesh across forging, machining, heat treatment, assembly, balancing and testing.
Issue structure, listing outcome and context
The ₹150.71 crore IPO comprised a ₹132.62 crore fresh issue and ₹18.09 crore offer for sale, priced at ₹134 per share at the upper end. The shares listed on NSE at ₹235 on 30 September 2026, a 75.37% premium to the issue price.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 31 | +23.10% |
| Day 2 | Rs 30 | +22.40% |
| Day 3 | Rs 37 | +27.60% |
| Day 4 | Rs 48 | +35.80% |
| Day 5 | Rs 58 | +43.30% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Prediction Accuracy: 49.3 pp (Variance observed)
How the broader market moved around the Adroit Industries IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Adroit Industries IPO listed at +75.4% versus the upper issue price of Rs 134 on 30 September 2026.
Adroit Industries IPO was subscribed 176.85x overall. QIB portion was subscribed 195.04x, HNI / NII 332.35x and Retail 99.81x.
IPO GMP started at Rs 31 on Day 1 and moved to Rs 58 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.