Adroit Industries (India) Share Price

Adroit Industries India Limited was initially formed as a Partnership Firm under the Indian Partnership Act, 1932 named M/s Adroit Industries India' dated March 09, 1966. M/s Adroit Industries India' was thereafter converted from a firm to a Public Limited Company, Adroit Industries (India) Limited, and a Certificate of Incorporation dated January 19, 1995 was issued by the Deputy Registrar of Companies, Mumbai. The Company commenced as a partnership firm established by its erstwhile promoters in 1966 and have since evolved into an integrated manufacturer of precision-machined torque-transmission components and complete propeller shaft assemblies. In 2007, the present Promoter acquired control of the Company from the erstwhile promoters. To support and strengthen the export operations in North America region, the Company in March 2022, incorporated a subsidiary in Canada under the name of 'Adroit Driveshafts Canada Limited'. Thereafter, it focused on expansion, including the establishment of the Pithampur facility in 2023 to enhance manufacturing capacity for torque-transmission components and propeller shafts. The Company has launched category of new product i.e. aluminium driveline components in FY25. Presently, the Company conduct manufacturing operations located in the state of Madhya Pradesh, India. The Company issued 11,247,000 equity shares of Rs 10 each and raised Rs 150.71 crore via its IPO. The offer comprise a fresh issue of 9,897,000 equity shares aggregating to Rs 132.62 crore and the offer for sale of 1,350,000 equity shares amounting to Rs 18.09 crore on September 25, 2026. The Company established an overseas wholly-owned subsidiary named Adroit Driveshafts USA LLC' in the USA during FY26.