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Subscription Status · Sep 23 – Sep 25, 2026 · ₹126–134
The Adroit Industries (India) IPO subscription has recorded exceptional investor demand with an overall subscription of 176.85× as of Sep 25, 2026, indicating that investors applied for 176.85 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Sep 25, 2026, 6:19 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed |
|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
2,249,400 | 438,719,397 |
195.04×
|
|
NII
Non-Institutional Investors
|
1,687,050 | 560,683,422 |
332.35×
|
|
bNII
Bids above ₹10L
|
1,124,700 | 389,115,939 |
345.97×
|
|
sNII
Bids below ₹10L
|
562,350 | 171,567,483 |
305.09×
|
|
Retail
Retail Individual Investors
|
3,936,450 | 392,891,604 |
99.81×
|
|
Total
|
7,872,900 | 1,392,294,423 |
176.85×
|
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 2,249,400 | 106,116 | 0.05× |
| NII | 1,687,050 | 12,137,739 | 7.19× |
| bNII | 1,124,700 | 6,362,742 | 5.66× |
| sNII | 562,350 | 5,774,997 | 10.27× |
| Retail | 3,936,450 | 28,420,773 | 7.22× |
| Total | 7,872,900 | 40,664,628 | 5.17× |
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 2,249,400 | 4,090,350 | 1.82× |
| NII | 1,687,050 | 45,899,388 | 27.21× |
| bNII | 1,124,700 | 25,366,941 | 22.55× |
| sNII | 562,350 | 20,532,447 | 36.51× |
| Retail | 3,936,450 | 92,218,245 | 23.43× |
| Total | 7,872,900 | 142,207,983 | 18.06× |
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 2,249,400 | 438,719,397 | 195.04× |
| NII | 1,687,050 | 560,683,422 | 332.35× |
| bNII | 1,124,700 | 389,115,939 | 345.97× |
| sNII | 562,350 | 171,567,483 | 305.09× |
| Retail | 3,936,450 | 392,891,604 | 99.81× |
| Total | 7,872,900 | 1,392,294,423 | 176.85× |
As of September 25, 2026, the Adroit Industries (India) IPO has been subscribed 176.85 times overall. The IPO is fully subscribed with strong investor demand indicating extremely high interest.
The Adroit Industries (India) IPO subscription window was open from September 23, 2026 to September 25, 2026. Investors could apply through their demat account or ASBA facility.
The Adroit Industries (India) IPO has a price band of ₹126 to ₹134 per share, with a lot size of 111 shares. Minimum retail investment: ₹13,986 (lower band) or ₹14,874 (upper band).
The QIB category has been subscribed 195.04 times. QIBs were offered 2,249,400 shares. Strong QIB subscription indicates high institutional confidence.
Retail investors subscribed 99.81 times. Retail was offered 3,936,450 shares. High retail subscription reflects strong small-investor interest.
Overall NII: 332.35×. bNII (>₹10L): 345.97×, sNII (<₹10L): 305.09×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on September 28, 2026. Check via the registrar's website, Bigshare Services Private Limited using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Adroit Industries (India) IPO is expected to list on September 30, 2026. Shares will list on NSE. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 176.85× means investors have bid for 176.85 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 99.81×, the estimated allotment probability for retail investors is Low. Lottery-based; ~1 lot if allotted. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.
You can apply for Adroit Industries (India) IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Sep 23 to Sep 25, 2026.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Adroit Industries (India) IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Sep 23, 2026Subscription Closes Done
Sep 25, 2026Basis of Allotment Done
Sep 28, 2026Listing on NSE Done
Sep 30, 2026Lottery-based; ~1 lot if allotted. Based on retail subscription of 99.81×.
Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.
