{"id":53456,"date":"2026-09-21T17:55:45","date_gmt":"2026-09-21T12:25:45","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=53456"},"modified":"2026-09-21T17:55:45","modified_gmt":"2026-09-21T12:25:45","slug":"adroit-industries-india-ipo","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/adroit-industries-india-ipo\/","title":{"rendered":"Adroit Industries (India) IPO"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"53456\" class=\"elementor elementor-53456\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8790614 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8790614\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element 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21px;\n    }\n\n    .cmr-article-wrapper h2.section-heading {\n      font-size: 17px;\n      margin: 24px 0 12px 0;\n    }\n\n    .cmr-article-wrapper .cmr-glance-grid {\n      grid-template-columns: repeat(2, minmax(0, 1fr));\n      gap: 8px;\n    }\n\n    .cmr-article-wrapper .cmr-glance-item {\n      padding: 10px;\n    }\n\n    .cmr-article-wrapper .cmr-g-value {\n      font-size: 14.5px;\n    }\n\n    .cmr-article-wrapper .kpi-grid {\n      grid-template-columns: repeat(2, minmax(0, 1fr));\n      gap: 8px;\n    }\n\n    .cmr-article-wrapper .kpi-card .kpi-value {\n      font-size: 16px;\n    }\n\n    .cmr-article-wrapper .objects-list li {\n      flex-direction: column;\n      align-items: flex-start;\n      gap: 6px;\n      padding: 10px 12px;\n    }\n\n    .cmr-article-wrapper .objects-list li .obj-label {\n      padding-right: 0;\n    }\n\n    .cmr-article-wrapper .cta-btn {\n      width: 100%;\n      padding: 13px 16px;\n      font-size: 14px;\n    }\n  }\n\n  @media (max-width: 380px) {\n    .cmr-article-wrapper .cmr-glance-grid {\n      grid-template-columns: 1fr;\n    }\n    .cmr-article-wrapper .kpi-grid {\n      grid-template-columns: 1fr;\n    }\n  }\n<\/style>\n\n<div class=\"cmr-article-wrapper\">\n\n\n\n  <!-- \u2500\u2500 IPO AT A GLANCE \u2500\u2500 -->\n  <div class=\"cmr-glance-title\">IPO Summary<\/div>\n  \n  <div class=\"cmr-glance-grid\">\n    <div class=\"cmr-glance-item cmr-highlight\">\n      <div class=\"cmr-g-label\">Price Band<\/div>\n      <div class=\"cmr-g-value\">\u20b9126 \u2013 \u20b9134<\/div>\n      <div class=\"cmr-g-sub\">FV: \u20b910 \/ share<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item cmr-highlight\">\n      <div class=\"cmr-g-label\">Issue Dates<\/div>\n      <div class=\"cmr-g-value\">Sep 23 \u2013 25<\/div>\n      <div class=\"cmr-g-sub\">Year: 2026<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Lot Size<\/div>\n      <div class=\"cmr-g-value\">111 Shares<\/div>\n      <div class=\"cmr-g-sub\">Min: \u20b914,874<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Total Issue Size<\/div>\n      <div class=\"cmr-g-value\">\u20b9150.71 Cr<\/div>\n      <div class=\"cmr-g-sub\">Fresh + OFS<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Listing At<\/div>\n      <div class=\"cmr-g-value\">BSE &amp; NSE<\/div>\n      <div class=\"cmr-g-sub\">Tentative: Sep 30<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Lead Managers<\/div>\n      <div class=\"cmr-g-value\" style=\"font-size: 13.5px;\">Choice Capital<\/div>\n      <div class=\"cmr-g-sub\">Reg: Bigshare Services<\/div>\n    <\/div>\n  <\/div>\n\n\n\n  <!-- \u2500\u2500 ABOUT THE COMPANY \u2500\u2500 -->\n  <h2 class=\"section-heading\">About the Business<\/h2>\n  <p>\n    Incorporated in <strong>January 1995<\/strong>, Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts and torque-transmission components used in automotive and industrial driveline systems. The company offers an extensive portfolio of over 5,000 stock-keeping units (SKUs) consisting of precision-machined components, full propeller shaft assemblies, and forged industrial parts.\n  <\/p>\n  <p>\n    Its comprehensive manufacturing operations span forging, high-precision machining, heat treatment, assembly, dynamic balancing, and quality testing. This end-to-end integration enables strict quality control and customized engineering tailored to client specifications.\n  <\/p>\n\n  <ul class=\"cmr-feature-list\">\n    <li><strong>Broad Product Portfolio:<\/strong> Manufactures and supplies more than 5,000 SKUs encompassing torque-transmission components, complete propeller shafts, and forged components.<\/li>\n    <li><strong>Diverse End-User Applications:<\/strong> Primarily serves commercial vehicles, alongside sport utility vehicles (SUVs), defense and emergency response vehicles, off-highway machinery, and heavy industrial equipment.<\/li>\n    <li><strong>Global Export Footprint:<\/strong> Supplies automotive components to customers across North America, Europe, Latin America, the Middle East, Africa, and the Asia-Pacific region, exporting to over 32 countries during Fiscal 2026.<\/li>\n    <li><strong>Multi-Tier Distribution:<\/strong> Distributes products through replacement aftermarket distributors, Tier-1 driveline system integrators, and directly to automotive original equipment manufacturers (OEMs).<\/li>\n    <li><strong>Subsidiary &amp; Workforce:<\/strong> Supported by its operating subsidiary, Adroit Driveshafts Private Limited, with a joint workforce of 367 permanent personnel as of July 31, 2026.<\/li>\n  <\/ul>\n\n  <p>\n    The company&#8217;s promoters are <strong>Saurabh Sangla, Mukesh Sangla, Monika Sangla, Shubhangi Trust, Shreya Trust, and Swan Irrigation LLP<\/strong>.\n  <\/p>\n\n  <hr class=\"divider\" \/>\n\n  <!-- \u2500\u2500 FINANCIAL OVERVIEW \u2500\u2500 -->\n  <h2 class=\"section-heading\">Company Financials (Restated Consolidated)<\/h2>\n  <p>\n    Adroit Industries (India) Ltd.&#8217;s revenue increased by 5% and profit after tax (PAT) rose by 44% between the financial year ending with March 31, 2026 and March 31, 2025.\n  <\/p>\n\n  <div class=\"table-container\">\n    <table class=\"fin-table\">\n      <thead>\n        <tr>\n          <th>Period Ended<\/th>\n          <th>31 Mar 2026<\/th>\n          <th>31 Mar 2025<\/th>\n          <th>31 Mar 2024<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr>\n          <td>Assets<\/td>\n          <td>212.74<\/td>\n          <td>187.01<\/td>\n          <td>199.39<\/td>\n        <\/tr>\n        <tr>\n          <td>Total Income<\/td>\n          <td>143.04<\/td>\n          <td>136.61<\/td>\n          <td>125.10<\/td>\n        <\/tr>\n        <tr>\n          <td>Profit After Tax<\/td>\n          <td>26.16<\/td>\n          <td>18.14<\/td>\n          <td>14.53<\/td>\n        <\/tr>\n        <tr>\n          <td>EBITDA<\/td>\n          <td>38.71<\/td>\n          <td>31.02<\/td>\n          <td>29.69<\/td>\n        <\/tr>\n        <tr>\n          <td>NET Worth<\/td>\n          <td>128.63<\/td>\n          <td>103.53<\/td>\n          <td>87.82<\/td>\n        <\/tr>\n        <tr>\n          <td>Reserves and Surplus<\/td>\n          <td>105.59<\/td>\n          <td>96.92<\/td>\n          <td>78.79<\/td>\n        <\/tr>\n        <tr>\n          <td>Total Borrowing<\/td>\n          <td>52.40<\/td>\n          <td>8.32<\/td>\n          <td>16.29<\/td>\n        <\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n  <p class=\"fin-note\">Amount in \u20b9 Crore<\/p>\n\n  <!-- \u2500\u2500 KPIS \u2500\u2500 -->\n  <h2 class=\"section-heading\">Key Performance Indicator (KPI)<\/h2>\n  <div class=\"kpi-grid\">\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">22.54%<\/div>\n      <div class=\"kpi-label\">ROE (Mar 31, 2026)<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">19.01%<\/div>\n      <div class=\"kpi-label\">ROCE<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">27.66%<\/div>\n      <div class=\"kpi-label\">EBITDA Margin<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">18.69%<\/div>\n      <div class=\"kpi-label\">PAT Margin<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">0.41<\/div>\n      <div class=\"kpi-label\">Debt \/ Equity<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">\u20b936.84<\/div>\n      <div class=\"kpi-label\">Net Asset Value (NAV)<\/div>\n    <\/div>\n  <\/div>\n\n  <hr class=\"divider\" \/>\n\n  \n\n  <!-- \u2500\u2500 LOT SIZE TABLE \u2500\u2500 -->\n  <h2 class=\"section-heading\">IPO Lot Size<\/h2>\n  <p>Investors can bid for a minimum of 111 shares and in multiples thereof:<\/p>\n  <div class=\"table-container\">\n    <table class=\"res-table\">\n      <thead>\n        <tr>\n          <th>Application<\/th>\n          <th>Lots<\/th>\n          <th>Shares<\/th>\n          <th>Amount<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr>\n          <td>Retail (Min)<\/td>\n          <td>1<\/td>\n          <td>111<\/td>\n          <td>\u20b914,874<\/td>\n        <\/tr>\n        <tr>\n          <td>Retail (Max)<\/td>\n          <td>13<\/td>\n          <td>1,443<\/td>\n          <td>\u20b91,93,362<\/td>\n        <\/tr>\n        <tr>\n          <td>S-HNI (Min)<\/td>\n          <td>14<\/td>\n          <td>1,554<\/td>\n          <td>\u20b92,08,236<\/td>\n        <\/tr>\n        <tr>\n          <td>S-HNI (Max)<\/td>\n          <td>67<\/td>\n          <td>7,437<\/td>\n          <td>\u20b99,96,558<\/td>\n        <\/tr>\n        <tr>\n          <td>B-HNI (Min)<\/td>\n          <td>68<\/td>\n          <td>7,548<\/td>\n          <td>\u20b910,11,432<\/td>\n        <\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n\n  <hr class=\"divider\" \/>\n\n  <!-- \u2500\u2500 ISSUE RESERVATION \u2500\u2500 -->\n  <h2 class=\"section-heading\">Issue Reservation<\/h2>\n  <div class=\"table-container\">\n    <table class=\"res-table\">\n      <thead>\n        <tr>\n          <th>Investor Category<\/th>\n          <th>Allocation Share<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>QIB Shares Offered<\/td><td>Not more than 50.00% of the Offer<\/td><\/tr>\n        <tr><td>Retail Shares Offered<\/td><td>Not less than 35.00% of the Offer<\/td><\/tr>\n        <tr><td>NII (HNI) Shares Offered<\/td><td>Not less than 15.00% of the Offer<\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n\n  <hr class=\"divider\" \/>\n\n\n\n  <hr class=\"divider\" \/>\n\n  <!-- \u2500\u2500 OFS BREAKDOWN \u2500\u2500 -->\n  <h2 class=\"section-heading\">Offer For Sale \u2013 Selling Shareholder<\/h2>\n  <div class=\"table-container\">\n    <table class=\"fin-table\">\n      <thead>\n        <tr>\n          <th>Name<\/th>\n          <th>Category<\/th>\n          <th>No. of Shares Offered<\/th>\n          <th>Amount (\u20b9 Cr)<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr>\n          <td>Mukesh Sangla (HUF)<\/td>\n          <td>Promoter<\/td>\n          <td>13,50,000<\/td>\n          <td>18.09<\/td>\n        <\/tr>\n        <tr>\n          <td><strong>Total<\/strong><\/td>\n          <td><\/td>\n          <td><strong>13,50,000<\/strong><\/td>\n          <td><strong>18.09<\/strong><\/td>\n        <\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n  <p class=\"fin-note\">Total OFS component: 13,50,000 shares aggregating \u20b918.09 Cr<\/p>\n\n  <hr class=\"divider\" \/>\n\n  <!-- \u2500\u2500 OBJECTS OF ISSUE \u2500\u2500 -->\n  <h2 class=\"section-heading\">IPO Objects of the Issue<\/h2>\n  <p>The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:<\/p>\n  <ul class=\"objects-list\">\n    <li>\n      <span class=\"obj-label\">Funding capital expenditure towards machinery &amp; equipment at Dewas Facility and transportation vehicles<\/span>\n      <span class=\"obj-amt\">\u20b919.91 Cr<\/span>\n    <\/li>\n    <li>\n      <span class=\"obj-label\">Investment in subsidiary (Adroit Driveshafts Pvt Ltd) for capital expenditure at Pithampur Facility<\/span>\n      <span class=\"obj-amt\">\u20b943.96 Cr<\/span>\n    <\/li>\n    <li>\n      <span class=\"obj-label\">Investment in subsidiary (Adroit Driveshafts Pvt Ltd) for repayment\/prepayment of certain borrowings<\/span>\n      <span class=\"obj-amt\">\u20b924.12 Cr<\/span>\n    <\/li>\n    <li>\n      <span class=\"obj-label\">General Corporate Purposes<\/span>\n      <span class=\"obj-amt\">Balance<\/span>\n    <\/li>\n  <\/ul>\n\n  <!-- \u2500\u2500 VERDICT CARD \u2500\u2500 -->\n  <div class=\"cmr-verdict-card\">\n    <div class=\"cmr-verdict-title\">The Final Verdict<\/div>\n    <p>\n      Adroit Industries (India) Limited brings over three decades of automotive driveline manufacturing experience, carving out an international niche in propeller shafts and torque-transmission assemblies across 32+ export markets. The business benefits from comprehensive vertical integration &#8211; from forging and precision machining through to automated dynamic balancing &#8211; which protects operational margins and ensures customer stickiness across OEM and replacement channels.\n    <\/p>\n    <p style=\"margin-top: 10px;\">\n      Financially, the company operates with notable efficiency. While FY26 revenue rose moderately to \u20b9143.04 Cr, profitability surged 44% to \u20b926.16 Cr, supported by strong EBITDA margins of 27.66% and PAT margins of 18.69%. The balance sheet remains underleveraged with a Debt\/Equity ratio of 0.41x and an ROE of 22.54%. Crucially, the issue is predominantly primary fresh capital (\u20b9132.62 Cr), directed into modernizing the Dewas and Pithampur facilities (\u20b963.87 Cr combined) and clearing subsidiary debt (\u20b924.12 Cr). Priced at a post-issue P\/E of 22.95x at the upper band of \u20b9134 against peers like GNA Axles (20.85x), the offering commands a modest premium that is justified by its superior margin profile. Investors seeking exposure to precision auto-ancillary exporters can evaluate the issue with a medium-to-long-term perspective.\n    <\/p>\n  <\/div>\n\n  <!-- \u2500\u2500 CTA BUTTON \u2500\u2500 -->\n  <div class=\"cta-wrap\">\n    <a class=\"cta-btn\" href=\"https:\/\/novo.flattrade.in\/\" target=\"_blank\" rel=\"noopener\">\n      Apply for Adroit Industries IPO on Flattrade &rarr;\n    <\/a>\n  <\/div>\n\n  <div class=\"source-note\">Source: Chittorgarh IPO Filings<\/div>\n\n<\/div>\n\n\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5bafffa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5bafffa\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bbedda7\" data-id=\"bbedda7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-023735c elementor-widget elementor-widget-text-editor\" data-id=\"023735c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/google.com\/preferences\/source?q=https:\/\/flattrade.in\/\" class=\"ft-google-mini-btn\">\n\n\n    <div class=\"mini-btn-content\">\n\n        <span class=\"mini-top\">\n            Stay updated with\n        <\/span>\n\n        <span class=\"mini-main\">\n\n            <span class=\"flattrade-logo\">\n                FLAT<span>TRADE<\/span>\n                <small>KOSH<\/small>\n            <\/span>\n            \n\n            on\n\n            <span class=\"google-text\">\n                <span class=\"g-blue\">G<\/span><span class=\"g-red\">o<\/span><span class=\"g-yellow\">o<\/span><span class=\"g-blue\">g<\/span><span class=\"g-green\">l<\/span><span class=\"g-red\">e<\/span>\n            <\/span>\n\n            <span class=\"arrow\">\u2197<\/span>\n\n        <\/span>\n\n        <span class=\"mini-desc\">\n            Get market insights, IPO updates, and finance explainers more easily.\n        <\/span>\n\n    <\/div>\n\n<\/a>\n\n<style>\n\n\/* =========================\n   FONT\n========================= *\/\n\n\n\/* =========================\n   GLOBAL\n========================= *\/\n\n*{\n    box-sizing:border-box;\n}\n\n\/* =========================\n   BUTTON\n========================= *\/\n\n.ft-google-mini-btn{\n\n    position:relative;\n\n    display:inline-flex;\n\n    align-items:center;\n\n    gap:14px;\n\n    width:100%;\n    max-width:420px;\n\n    padding:14px 16px;\n\n    border-radius:18px;\n\n    text-decoration:none;\n\n    overflow:hidden;\n\n    font-family:'Plus Jakarta Sans',sans-serif;\n\n    border:1px solid #e5ebf5;\n\n    background:\n    linear-gradient(\n        135deg,\n        #ffffff 0%,\n        #f8fbff 50%,\n        #f4f8fd 100%\n    );\n\n    box-shadow:\n    0 3px 8px rgba(15,23,42,0.03),\n    0 10px 20px rgba(15,23,42,0.05);\n\n    transition:\n    transform 0.25s ease,\n    box-shadow 0.25s ease;\n}\n\n\/* =========================\n   HOVER\n========================= *\/\n\n.ft-google-mini-btn:hover{\n\n    transform:translateY(-2px);\n\n    box-shadow:\n    0 8px 18px rgba(15,23,42,0.06),\n    0 18px 30px rgba(37,99,235,0.07);\n}\n\n\/* =========================\n   GOOGLE ICON\n========================= *\/\n\n.google-icon{\n\n    width:42px;\n\n    height:42px;\n\n    min-width:42px;\n}\n\n\/* =========================\n   CONTENT\n========================= *\/\n\n.mini-btn-content{\n    display:flex;\n    flex-direction:column;\n}\n\n\/* =========================\n   TOP TEXT\n========================= *\/\n\n.mini-top{\n\n    font-size:11px;\n\n    line-height:1.3;\n\n    font-weight:700;\n\n    color:#64748b;\n\n    margin-bottom:2px;\n}\n\n\/* =========================\n   MAIN TEXT\n========================= *\/\n\n.mini-main{\n\n    font-size:15px;\n\n    line-height:1.35;\n\n    font-weight:800;\n\n    color:#0f172a;\n}\n\n\/* =========================\n   FLATTRADE LOGO\n========================= *\/\n\n.flattrade-logo{\n\n    position:relative;\n\n    display:inline-block;\n\n    font-size:15px;\n\n    font-weight:800;\n\n    letter-spacing:-0.3px;\n\n    color:#111827;\n}\n\n.flattrade-logo span{\n    color:#2563eb;\n}\n\n.flattrade-logo small{\n\n    position:absolute;\n\n    right:-1px;\n\n    bottom:-5px;\n\n    font-size:4px;\n\n    font-weight:800;\n\n    color:#2563eb;\n\n    letter-spacing:0.4px;\n}\n\n\/* =========================\n   GOOGLE COLORS\n========================= *\/\n\n.google-text{\n    font-weight:800;\n}\n\n.g-blue{\n    color:#4285F4;\n}\n\n.g-red{\n    color:#EA4335;\n}\n\n.g-yellow{\n    color:#FBBC05;\n}\n\n.g-green{\n    color:#34A853;\n}\n\n\/* =========================\n   ARROW\n========================= *\/\n\n.arrow{\n    color:#2563eb;\n}\n\n\/* =========================\n   DESCRIPTION\n========================= *\/\n\n.mini-desc{\n\n    margin-top:4px;\n\n    font-size:10px;\n\n    line-height:1.5;\n\n    font-weight:500;\n\n    color:#64748b;\n}\n\n\/* =========================\n   MOBILE\n========================= *\/\n\n@media(max-width:480px){\n\n    .ft-google-mini-btn{\n\n        max-width:100%;\n\n        padding:12px 14px;\n\n        border-radius:16px;\n    }\n\n    .google-icon{\n\n        width:36px;\n\n        height:36px;\n\n        min-width:36px;\n    }\n\n    .mini-main,\n    .flattrade-logo{\n        font-size:13px;\n    }\n\n    .mini-desc{\n        font-size:9px;\n    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rgba(37,99,235,0.15);\n}\n\n\n\n<\/style>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ea67ee9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ea67ee9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7fcbf01\" data-id=\"7fcbf01\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d5ab4b8 elementor-widget elementor-widget-text-editor\" data-id=\"d5ab4b8\" data-element_type=\"widget\" data-e-type=\"widget\" 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Your first step costs nothing.<\/p>\n    <span class=\"cta-light-btn-element\">Open Free Account<\/span>\n  <\/div>\n<\/a>\n\n<style>\n\/* ==========================================================================\n   FLATTRADE INDEPENDENT CTA ELEMENT (PRESERVED ORIGINAL LIGHT DESIGN)\n   ========================================================================== *\/\n\n@import url('https:\/\/fonts.googleapis.com\/css2?family=Inter:wght@400;500;600;700&display=swap');\n\n.ft-inline-light-cta {\n  width: 100%;\n  max-width: 680px;\n  margin: 1.5rem auto;\n  display: flex;\n  flex-direction: column;\n  align-items: center;\n  justify-content: center;\n  text-decoration: none;\n  position: relative;\n  overflow: hidden;\n  text-align: center;\n  border-radius: 12px;\n  \n  \/* Original Light Layout Properties *\/\n  background: #ffffff;\n  color: #1a2a40;\n  padding: clamp(1.75rem, 5vw, 2.75rem) clamp(1rem, 4vw, 2.25rem);\n  box-shadow: 0 8px 24px rgba(10, 22, 40, 0.06);\n  border: 1px solid #e2e8f0;\n  font-family: 'Inter', sans-serif;\n  transition: transform 0.2s ease, box-shadow 0.2s ease;\n}\n\n\/* Original radial light brand glow element *\/\n.ft-inline-light-cta::before {\n  content: '';\n  position: absolute;\n  top: -40%;\n  right: -20%;\n  width: clamp(160px, 35vw, 280px);\n  height: clamp(160px, 35vw, 280px);\n  background: radial-gradient(circle, rgba(0, 102, 204, 0.05) 0%, rgba(0,0,0,0) 70%);\n  pointer-events: none;\n}\n\n.cta-light-content {\n  display: flex;\n  flex-direction: column;\n  align-items: center;\n  justify-content: center;\n  width: 100%;\n  position: relative;\n  z-index: 2;\n}\n\n\/* Original Title Light Styling *\/\n.ft-inline-light-cta h2 {\n  color: #0a1628;\n  font-size: clamp(19px, 3.8vw, 24px);\n  font-weight: 700;\n  margin-bottom: 10px;\n  line-height: 1.3;\n  letter-spacing: -0.02em;\n  width: 100%;\n}\n\n\/* Original Paragraph Light Styling *\/\n.ft-inline-light-cta p { \n  color: #4a5568; \n  font-size: clamp(13.5px, 2.5vw, 14.5px); \n  margin-bottom: clamp(18px, 4vw, 24px); \n  line-height: 1.55;\n  font-weight: 400;\n  width: 100%;\n  max-width: 520px;\n}\n\n\/* Original Bold Highlight Box Badge Light Styling *\/\n.ft-inline-light-cta p strong {\n  color: #0066cc;\n  font-weight: 600;\n  background: rgba(0, 102, 204, 0.08);\n  padding: 2px 6px;\n  border-radius: 4px;\n  display: inline-block;\n}\n\n\/* Original Flattrade Vivid Electric Blue Button Mapping *\/\n.cta-light-btn-element {\n  display: inline-block;\n  background: #0066cc;\n  color: #ffffff;\n  font-weight: 600;\n  font-size: clamp(13.5px, 2.5vw, 14.5px);\n  padding: 12px clamp(20px, 5vw, 36px);\n  border-radius: 6px;\n  box-shadow: 0 4px 12px rgba(0, 102, 204, 0.25);\n  white-space: nowrap;\n  width: auto;\n  transition: background 0.2s ease, transform 0.1s ease, box-shadow 0.2s ease;\n}\n\n\/* Element wrapper hover actions routing down to the synthetic button element *\/\n.ft-inline-light-cta:hover {\n  transform: translateY(-2px);\n  box-shadow: 0 12px 32px rgba(10, 22, 40, 0.1);\n}\n\n.ft-inline-light-cta:hover .cta-light-btn-element {\n  background: #0052a3; \n  box-shadow: 0 6px 18px rgba(0, 102, 204, 0.35);\n}\n\n.ft-inline-light-cta:active {\n  transform: scale(0.99);\n}\n\n.ft-inline-light-cta:active .cta-light-btn-element {\n  transform: scale(0.98);\n  box-shadow: 0 2px 6px rgba(0, 102, 204, 0.15);\n}\n\n\/* Media query adaptation for viewports under 480px width *\/\n@media (max-width: 480px) {\n  .cta-light-btn-element {\n    width: 100%;\n    text-align: center;\n    padding: 13px 16px; \n  }\n}\n<\/style>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"IPO Summary Price Band \u20b9126 \u2013 \u20b9134 FV: \u20b910 \/ share Issue Dates Sep 23 \u2013 25 Year:&hellip;","protected":false},"author":10,"featured_media":53468,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-53456","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ipos","cs-entry","cs-video-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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