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Adroit Industries Secures Rs 45.21 Crore from Anchor Investors Ahead of Rs 151 Crore IPO
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Moneycontrol•23-09-2026, 00:13
Adroit Industries Secures Rs 45.21 Crore from Anchor Investors Ahead of Rs 151 Crore IPO
- •Adroit Industries (India) raised Rs 45.21 crore from six anchor investors, including Sunil Singhania’s Abakkus Asset Manager, before its Rs 151 crore IPO.
- •The auto parts manufacturer allotted 33.74 lakh shares to anchor investors at Rs 134 per share, the upper end of its price band.
- •The IPO, comprising a fresh issue of 98.97 lakh shares and an OFS of 13.5 lakh shares, opens for public subscription from September 23 to September 25.
- •Abakkus Venture Opportunities Fund, Chhattisgarh Investments, Valour Capital Trust, and Cognizant Capital Dynamic Opportunities Fund were among the key anchor investors.
- •Proceeds from the IPO will be used to procure machinery, enhance operations at Dewas and Pithampur facilities, repay debt of Adroit Driveshafts, and for general corporate purposes.
Key Questions Answered
Adroit Industries is raising Rs 150.7 crore through its initial public offering, with a price band set at Rs 126 to Rs 134 per share.
The company intends to use Rs 63.8 crore to procure machinery and equipment for its Dewas and Pithampur facilities along with local transport vehicles, and Rs 24.1 crore to repay debt for its subsidiary Adroit Driveshafts.
The public subscription for the Adroit Industries IPO opens on September 23 and closes on September 25.
