Adroit Industries (India) IPO
Adroit Industries (India) IPO is a mainboard IPO raising ₹151 Cr at ₹126 – ₹134 a share. It listed on 30 Sept 2026 at ₹235, +75.4% against its issue price of ₹134, and trades at ₹162 today (+21.1% since issue). It was subscribed 177× in total.
176.8 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 22,49,400 | 43,87,19,397 | 195× |
| Foreign Institutional Investors | no separate quota | 4,47,55,755 | n/a |
| Domestic Financial Institutions | no separate quota | 17,19,51,432 | n/a |
| Mutual funds | no separate quota | 79,87,782 | n/a |
| Others | no separate quota | 21,40,24,428 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 16,87,050 | 56,06,83,422 | 332× |
| Non Institutional Investors | 11,24,700 | 38,91,15,939 | 346× |
| Corporates | no separate quota | 50,96,343 | n/a |
| Individuals | no separate quota | 37,36,51,974 | n/a |
| Others | no separate quota | 1,03,67,622 | n/a |
| Non Institutional Investors | 5,62,350 | 17,15,67,483 | 305× |
| Corporates | no separate quota | 5,98,845 | n/a |
| Individuals | no separate quota | 16,68,14,352 | n/a |
| Others | no separate quota | 41,54,286 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 39,36,450 | 39,28,92,381 | 100× |
| Cut Off | no separate quota | 34,99,64,685 | n/a |
| Price bids | no separate quota | 4,29,27,696 | n/a |
| Total | 78,72,900 | 1,39,22,95,200 | 177× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 25 Sept, 07:49 pm IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 25% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.25 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.