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Adisoft Technologies IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details
Adisoft Technologies Limited is engaged in providing industrial automation solutions to manufacturing companies, mainly in the automotive sector. The company designs, develops, and installs customized automation systems such as assembly lines, conveyors, and inspection systems. It earns revenue from automation solutions (61.31%) and trading of automation products (38.69%). These solutions are used in factories to improve productivity, reduce manual work, and enhance efficiency.
Adisoft Technologies an Book Built Issue, amounting to ₹
74.10 Crore,consisting entirely an fresh issue of
0.43 crore shares of ₹
74.10 crores. The subscription period for the Adisoft Technologies IPO opens on April 23, 2026, and close on April 27, 2026. The allotment is expected to be finalized on or about 28 April, 2026, Tuesday, and the shares will be listed on the BSE with a tentative listing date set on or about Thursday, April 30, 2026.
The Share Price Band of Adisoft Technologies IPO is set at ₹163 to ₹172 per share per equity share. The Market Capitalisation of the Adisoft Technologies at IPO price of ₹172 per equity share will be ₹
280.67 Cr The lot size of the IPO is
800 shares. Retail investors are required to invest a minimum of ₹
275,200, 2 lots (
1,600 shares), while the minimum investment for High-Net-Worth Individuals (HNIs) is
3 lots (
2,400 shares), amounting to ₹
412,800.
HEM SECURITIES LIMITED, the book running lead manager of the Adisoft Technologies Ltd. while KFIN TECHNOLOGIES LIMITED is the registrar for the issue.The Market Maker of the company is Hem Finlease Pvt.Ltd.
Adisoft Technologies Limited IPO GMP Today
The Grey Market Premium of Adisoft Technologies IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Adisoft Technologies Limited IPO Live Subscription Status Today: Real-Time Update
As of 06:30 PM on April 27, 2026, the Adisoft Technologies IPO live subscription status shows that the IPO subscribed 77.45 times on its Final Day of subscription period. Check the Adisoft Technologies IPO Live Subscription Status Today at BSE.
Adisoft Technologies Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Adisoft Technologies IPO allotment date is 28 April, 2026, Tuesday, Adisoft Technologies IPO Allotment will be out on 28 April, 2026, Tuesday, and will be live on Registrar Website from the allotment date.
KFIN TECHNOLOGIES LIMITED IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Adisoft Technologies IPO from the dropdown list of IPO
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Adisoft Technologies Limited IPO
Adisoft Technologies to utilise the Net Proceeds towards the following objects:
1. ₹1000.00 Lakhs is required for Repayment and/or pre-payment, in full or part, of borrowing availed by our Company.
2. ₹3777.34 Lakhs is required for Funding the Capital Expenditure requirements towards setting up of a new factory unit.
2. ₹1000.00 Lakhs is required for To Meet Working Capital Requirements of our Company
3. General Corporate Purposes.
Refer to Adisoft Technologies Limited RHP for more details about the Company.
Adisoft Technologies Limited Day Wise IPO GMP Trend
| GMP Date | Issue Price | Expected Listing Price | GMP | Last Updated |
|---|---|---|---|---|
| April 20, 2026 | ₹ 172 | ₹ 172 | ₹0(0.0%) | 22 April 2026; 11:43 AM |
Adisoft Technologies IPO Details
| Market Capitalization | ₹280.67 Cr. |
| IPO Date | April 23, 2026 to April 27, 2026 |
| Listing Date | April 30, 2026 |
| Face Value | ₹10 Per Share |
| Price Band | ₹163 to ₹172 per share |
| Issue Price | ₹172 per share |
| Employee Discount | NA |
| Lot Size | 800 Equity Shares |
| Total Issue Size | 43,08,000 Equity Shares (aggregating to ₹74.10 Cr) |
| Fresh Issue | 43,08,000 Equity Shares (aggregating to ₹74.10 Cr) |
| Offer for Sale | NA |
| Issue Type | Book Built Issue |
| Listing At | NSE SME |
| Share holding pre issue | 1,20,10,000 |
| Share holding post issue | 1,63,18,000 |
| Rating | Avoid |
Adisoft Technologies IPO Anchor Investors Details
| Bid Date | N/A |
| Shares Offered | N/A |
| Anchor Portion Size (In Cr.) | N/A |
| Anchor lock-in period end date for 50% shares (30 Days) | N/A |
| Anchor lock-in period end date for remaining shares (90 Days) | N/A |
Adisoft Technologies IPO Timeline (Tentative Schedule)
| IPO Open Date | Thu, Apr 23, 2026 |
| IPO Close Date | Mon, Apr 27, 2026 |
| Basis of Allotment | Tue, Apr 28, 2026 |
| Initiation of Refunds | Wed, Apr 29, 2026 |
| Credit of Shares to Demat | Wed, Apr 29, 2026 |
| Listing Date | Thu, Apr 30, 2026 |
| Cut-off time for UPI mandate confirmation | Tue, Apr 28, 2026 |
Adisoft Technologies IPO Reservation
| Investor Category | Shares Offered | Reservation % |
|---|---|---|
| QIB Portion | 2,046,000 | Not less than 50% of the Net Offer |
| Non-Institutional Investor Portion | 613,800 | Not more than 15% of the Net Issue |
| Retail Shares Offered | 1,432,200 | Not more than 35% of the Net Offer |
| Market Maker Portion | 216,000 | - |
Adisoft Technologies IPO Promoter Holding
| Share Holding Pre Issue | 99.98% |
| Share Holding Post Issue | 73.60% |
Adisoft Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,600 | ₹275,200 |
| Retail (Max) | 2 | 1,600 | ₹275,200 |
| S-HNI (Min) | 3 | 2,400 | ₹412,800 |
| S-HNI (Max) | 7 | 5,600 | ₹963,200 |
| B-HNI (Min) | 8 | 6,400 | ₹1,100,800 |
Adisoft Technologies IPO Subscription Status
| Investor Category | Shares Offered | Shares Bid For | No of Times Subscribed | Last Upadeted |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 8,18,400 | 8,03,95,200 | 98.23x | 28 April 2026; 10:13 AM |
| Non Institutional Investors(NIIS) | 6,14,400 | 7,38,26,400 | 120.16x | 28 April 2026; 10:13 AM |
| Retail Individual Investors (RIIs) | 14,33,600 | 6,77,68,000 | 47.27x | 28 April 2026; 10:13 AM |
| Total | 28,66,400 | 22,19,89,600 | 77.45x | 28 April 2026; 10:13 AM |
About Adisoft Technologies Limited
Adisoft Technologies Limited is engaged in providing industrial automation solutions to manufacturing companies, mainly in the automotive sector. The company designs, develops, and installs customized automation systems such as assembly lines, conveyors, and inspection systems. It earns revenue from automation solutions (61.31%) and trading of automation products (38.69%). These solutions are used in factories to improve productivity, reduce manual work, and enhance efficiency.
The company serves a diversified customer base of around 279 customers in FY25, including long-term clients. Major demand comes from states like Haryana and Maharashtra. Its key operational facility is the assembly unit located in MIDC Bhosari, Pune, equipped with tools, machines, and testing infrastructure for automation systems.
The company’s product portfolio includes automated assembly lines, smart conveyors, special purpose machines, vision inspection systems, and IoT-based automation solutions. These products play a crucial role in improving manufacturing efficiency, quality control, and traceability for clients. The business is largely order-based and customized, meaning each project is designed specifically for a client, resulting in longer execution cycles and limited repeatability.
The company has not undertaken any major mergers or acquisitions in the last 10 years. However, it has entered into a joint venture with AIOI Systems Co. Ltd., Japan. The IPO proceeds will be used for ₹3,777.34 lakhs capex for a new factory unit, ₹1,000 lakhs debt repayment, and working capital requirements, indicating expansion plans.
Jan 31, 2026, the company had 49, full time employees. The Banker to the Company is HDFC Bank Limited..
Management and Vision
The company is led by Ajay Chandrashekhar Prabhu (28+ years experience) and Preeti Ajay Prabhu (12+ years experience), who have strong expertise in automation and business management. The leadership focuses on customized automation solutions, customer relationships, and operational efficiency.
Management’s growth strategy includes:
- Expanding manufacturing capacity through a new factory unit
- Strengthening design and engineering capabilities
- Increasing geographical reach and customer base
For funding expansion, the company plans to use:
- IPO proceeds (major source)
- Internal accrals and existing operations
The long-term vision is to benefit from increasing automation demand and smart factory adoption, especially in manufacturing and automotive sectors.
Industry Overview
Adisoft operates in the industrial automation industry, which is growing rapidly due to digitization and smart manufacturing trends.
- Indian automation market is expected to grow at CAGR of 14.26%, reaching $29.43 billion by FY2029
- Growth is driven by AI, IoT, and Industry 4.0 adoption
- Increasing demand for efficiency, cost reduction, and quality improvement
Global outlook:
- Global economy growth expected around 3.3% in 2026
- Automation demand supported by technology investments and AI adoption
Key industry characteristics:
- High customization
- Technology-driven
- Strong linkage with manufacturing sector
Market leaders:
- Global: Siemens, ABB, Rockwell Automation
- India: Tata Elxsi, Siemens India, Honeywell Automation
Overall, the industry has strong long-term growth potential, especially in India.
Risk Factors
- High Dependence on Automotive Sector
Around 59.95% to 78.61% of revenue comes from automotive clients. Any slowdown in this sector can significantly impact revenue and profitability. - Customized Project-Based Business Model
Each solution is designed specifically for a customer, leading to long execution cycles and limited repeat business, increasing operational complexity. - Geographical Concentration Risk
Major revenue comes from Haryana (up to 64.20%) and Maharashtra, making the business vulnerable to regional economic changes. - Supplier Dependency Risk
The company depends on limited suppliers for raw materials, with top 10 suppliers contributing up to 85.54% of purchases, which can disrupt operations. - Technology and Product Defect Risk
Automation systems are complex, and errors or defects can lead to delays, customer dissatisfaction, and financial losses. - Working Capital Intensive Business
Project-based execution requires high working capital and long cash cycles, impacting liquidity. - Limited Insurance Coverage Risk
Insurance policies may not cover all risks like operational disruptions, leading to potential financial losses.
Key Strengths and Opportunities
- Strong In-house Design & Engineering Capability
The company has a dedicated team of 49 design professionals, enabling customized solutions and faster execution, creating a strong competitive advantage. - Integrated Manufacturing and Assembly Facility
The Pune-based facility ensures quality control, faster turnaround, and reduced dependency on third parties. - Diversified Customer Base with Strong Relationships
The company serves 279 customers, with long-term relationships contributing to stable revenue growth. - Growing Automation Industry Tailwinds
With industry growth at 14.26% CAGR, the company is well-positioned to benefit from increasing automation demand. - Experienced Promoters with Industry Expertise
Promoters bring 28+ years of experience, helping in strategic decision-making and business growth. - Expansion through New Factory Unit
Planned capex of ₹3,777.34 lakhs will increase capacity and support future growth.
Adisoft Technologies Limited Financial Information (Restated Consolidated)
Amount in (₹ in Lakhs)
| Period Ended | Mar 31, 2023 | Mar 31, 2024 | Mar 31, 2025 | Oct 31, 2025 |
|---|---|---|---|---|
| Reserve of Surplus | 2,137.33 | 3,312.90 | 4,923.98 | 4,102.16 |
| Total Assets | 4,965.72 | 8,325.86 | 11,100.76 | 9,812.43 |
| Total Borrowings | 1,007.93 | 1,813.32 | 2,842.23 | 1,968.21 |
| Fixed Assets | 1,033.99 | 1,043.63 | 1,038.70 | 1,044.20 |
| Cash | 390.77 | 1,037.06 | 2,197.06 | 2,382.52 |
| Cash flow from operating activities | 303.18 | -641.32 | -72.47 | 1,233.54 |
| Cash flows from investing activities | -141.22 | 2.54 | -484.70 | -347.72 |
| Cash flow from financing activities | 106.22 | 710.39 | 908.25 | -966.74 |
| Net Borrowing | 617.16 | 776.26 | 645.17 | -414.31 |
| Revenue | 7,615.36 | 10,413.76 | 13,301.68 | 5,571.26 |
| EBITDA | 831.72 | 1,606.47 | 2,166.49 | 590.61 |
| PAT | 607.93 | 1,175.57 | 1,611.08 | 378.18 |
| PAT Margin | 7.98% | 11.29% | 12.11% | 6.79% |
| EPS | 5.06 | 9.79 | 13.41 | 3.15 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Issue Data, given in FINANCIAL EXPRESS.
Key Performance Indicator
| KPI | Values |
|---|---|
| EPS Pre IPO (Rs.) | 13.41 |
| EPS Post IPO (Rs.) | 9.87 |
| Adjusted 12M EPS Post IPO (Rs.) | 3.97 |
| P/E Pre IPO | 12.83 |
| P/E Post IPO | 17.42 |
| Adjusted 12M P/E Post IPO | 43.29 |
| ROE | 39.11% |
| ROCE | 29.11% |
| P/BV | 4.19 |
| Debt/Equity | 0.58 |
| RoNW | 32.71% |
| EBITDA Margin | 16.45% |
| PAT Margin | 12.11% |
Adisoft Technologies Limited IPO Peer Comparison
| Company Name | EPS | P/E (x) | ROE | ROCE | P/BV | Debt/Equity | RoNW (%) |
|---|---|---|---|---|---|---|---|
| Adisoft Technologies | 9.87 | 17.42 | 39.11% | 29.11% | 4.19 | 0.58 | 32.71% |
| Patil Automation | 7.62 | 21.99 | 26.0 % | 24.5 % | 4.91 | 0.14 | 21.80% |
Adisoft Technologies Limited Contact Details
Adisoft Technologies Limited
Phone: +91 8208781102
Email: cs@adisoft.co.in
Website: http://www.adisoft.co.in/
Adisoft Technologies IPO Registrar and Lead Manager(s)
KFIN TECHNOLOGIES LIMITED
Phone: +91-40-67162222
Email: adisoft.ipo@kfintech.com
Website:https://ipostatus.kfintech.com/
HEM SECURITIES LIMITED
Phone: +91- 22- 49060000
Email: ib@hemsecurities.com
Website: http://www.hemsecurities.com/
Adisoft Technologies IPO Review
Adisoft Technologies Limited is engaged in providing industrial automation solutions to manufacturing companies, mainly in the automotive sector. The company designs, develops, and installs customized automation systems such as assembly lines, conveyors, and inspection systems. It earns revenue from automation solutions (61.31%) and trading of automation products (38.69%). These solutions are used in factories to improve productivity, reduce manual work, and enhance efficiency.
The Company is led by Promoter, i.e.,(i) Mr. Prabhav Narasimha Rao and (ii)Mrs. Priyashaila Prabhav Rao
The Revenues from operations for the Period ended on Oct 31 2026, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 5,571.26 Lakh, ₹ 13,301.68 Lakh, ₹ 10,413.76 Lakh, and ₹ 7,615.36 Lakh, The EBITDA for the Period ended on Oct 31 2026, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 590.61 Lakh, ₹ 2,166.49 Lakh, ₹ 1,606.47 Lakh, and ₹ 831.72 Lakh, The Profit after Tax for the Period ended on Oct 31 2026, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 378.18 Lakh, ₹ 1,611.08 Lakh, ₹ 1,175.57 Lakh, and ₹ 607.93 Lakh, respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹ 8.98 and post-issue EPS of ₹ 6.45 for FY25. The pre-issue P/E ratio is 19.49x,while the post-issue P/E ratio is 27.14x against the Industry P/E ratio is 33.02x The company's ROE for FY25 is 35.83% and RoNW is 30.40%The Annualised EPS is ₹ 9.10x and P/E is ₹ 19.23x , These metrics suggest that the IPO is Fully priced.
The Grey Market Premium (GMP) of Adisoft Technologies showing listing gains of 0%.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Adisoft Technologies Limited, IPO for Listing gain or Long Term Purposes.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. We also use Artificial Intelligence (AI) tools to enhance the efficiency and quality of our research services, including data retrieval, analysis, and report summarization. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit Legal our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.
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