Adroit Industries IPO fully booked within 2 hours

Adroit Industries' IPO was fully subscribed within two hours of opening, reaching 1.5x oversubscription by late morning. Retail investors subscribed over 2x their category. Shares trade at ~20% gray market premium. The company plans to use ₹63.8 crore for machinery and ₹24.1 crore for debt repayment. IPO closes September 25.