Adroit Industries (India) Ltd. has announced public offering of 11247000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 124.00 per share. The gross proceeds of the issue are expected to be Rs 15,070.98 lakhs.
The company's initial public offer (IPO) will open on 23 September 2026 and is expected to close on 25 September 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 126.00-134.00 per share.
The IPO includes a fresh Issue of 11247000 Equity Shares of the Company at an price of Rs 134.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 111 shares with bids in multiples of 111.
Adroit Industries (India) Ltd. anticipates using the proceeds of the issue for Funding capital expenditure by the Company towards procurement Investment in the Subsidiary, Adroit Driveshafts Private Limited, in the form of equity, for funding capital expenditure towards procurement Investment in the Subsidiary, Adroit Driveshafts Private Limited, in the form of equity, for repayment or prepayment, in full or in part, of certain borrowings availed by the Subsidiary General Corporate Purposes.
Choice Capital Advisors Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.