{
  "id": 10906113,
  "title": "Adroit Industries shares make strong debut, jump 86.5%",
  "url": "https://urgent.news/2026/09/30/adroit-industries-shares-make-strong-debut-jump-86-5",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T09:13:09.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/adroit-industries-shares-make-strong-debut-jumps-865/article71527325.ece"
  },
  "original_language": "en",
  "account": "On their trading debut, shares of Adroit Industries (India) Ltd soared 86.5 per cent, trading at ₹250 while listed at ₹134 as the issue price. The stock began at ₹235 on the National Stock Exchange, climbing 75.37 per cent. Adroit Industries' market valuation stood at ₹1,112.82 crore. The company's ₹151-crore Initial Public Offering received an impressive subscription rate of 176.85 times, with the non-institutional category subscribing 332.35 times and Qualified Institutional Buyers (QIB) 195.04 times. Retail investors enjoyed a 99.81 times subscription rate. The IPO's price band ranged from ₹126 to ₹134 per share. Adroit Industries, established in 1966, is a vertically integrated manufacturer and supplier of propeller shafts and related torque-transmission components, possessing in-house capabilities for forging, precision machining, heat treatment, assembly, balancing, and testing.",
  "summary": "Adroit Industries' ₹151-crore issue had a price band of ₹126-134 per share",
  "key_points": [
    "Adroit Industries shares surged 86.5% on debut",
    "IPO received 176.85 times subscription rate",
    "Company manufactures propeller shafts and torque components"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}