Adisoft Technologies IPO

Check allotment status
Issue price
₹172
Listing price
₹205
+19.19%
Current price
₹248.65
+44.56%
Subscribed
77.52x
Issue size
₹74 Cr
Listed on
30 Apr 2026

IPO timeline

  1. Opens
    23 AprThu
  2. Closes
    27 AprMon
  3. Allotment
    28 AprTue
  4. Refunds
    29 AprWed
  5. Demat credit
    29 AprWed
  6. Listing
    30 AprThu

Issue details

Price band
₹163 – ₹172 per share
Issue size
₹74 Cr
Fresh issue
₹74 Cr · 0.43 Cr shares
Offer for sale
None
Issue type
Fresh capital only
Face value
₹10 per share
Lot size
800 shares
Minimum investment
₹1,37,600
Listing on
NSE SME
Exchange code
ADISOFT-SM · ADISOFT

Lot size and investment

ApplicationLotsSharesAmount
Retail (Min)1800₹1,37,600
Retail (Max)1800₹1,37,600
HNI (Min)21,600₹2,75,200

Reservation

QIB
20,44,000 shares (49.95% of the Offer)
NII
6,14,400 shares (15.01% of the Offer)
Retail
14,33,600 shares (35.03% of the Offer)

Allotment status

Registrar: KFin Technologies Limited

The allotment for this IPO is final. Check whether you received shares on the registrar's website using your PAN, application number or demat account (DP / Client ID).

Check allotment on KFin Technologies
  1. 1Open the registrar's allotment page and select this IPO from the list.
  2. 2Enter your PAN, application number or DP / Client ID.
  3. 3Submit to see the number of shares allotted, if any.
Basis of allotment
28 Apr 2026
Refunds initiated
29 Apr 2026
Shares credited to demat
29 Apr 2026
Listing
30 Apr 2026

Grey market premium (GMP)

Updated 29 Apr 2026, 09:32 PM IST
Current GMP
₹21
+12.00%
Estimated listing price
₹193
Issue price ₹172
Highest
₹21
29 Apr
Lowest
₹0
20 Apr

GMP by day (₹ per share)

Day-wise GMP table
DateGMPPremiumEst. listing
29 Apr 2026₹21+12.00%₹193
28 Apr 2026₹19+11.00%₹191
27 Apr 2026₹18+10.00%₹190
26 Apr 2026₹15.5+9.00%₹187.5
25 Apr 2026₹11+6.00%₹183
24 Apr 2026₹10+6.00%₹182
23 Apr 2026₹10+6.00%₹182
22 Apr 2026₹7+4.00%₹179
21 Apr 2026₹0—₹172
20 Apr 2026₹0—₹172
Kostak rate
₹0

GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.

Subscription status

Updated 27 Apr 2026, 05:10 PM IST
Overall subscription
77.52x
Fully subscribed
  • QIB98.23x
  • NII (HNI)120.51x
  • Retail47.27x
  • Anchor1x
CategoryShares offeredShares bid forSubscribed
Qualified Institutional Buyers (QIB)8,18,4008,03,95,20098.23x
Non-Institutional Investors (NII)6,14,4007,40,42,400120.51x
Retail Individual Investors (RII)14,33,6006,77,68,00047.27x
Anchor Investors12,25,60012,25,6001x
Total28,66,40022,22,05,60077.52x

Financials

Amounts in Rs. Crore
P/E Ratio
43.8
EPS (₹)
3.93
RoCE
29.12%
RoNW
32.71%
PAT Margin
12.23%

Separate pre- and post-issue P/E are not available for this IPO; the P/E shown is as disclosed for the issue.

Period ended31 Oct 202531 Mar 202531 Mar 202431 Mar 2023
Assets98.12111.0183.2649.66
Total Income55.71133.02104.1476.15
Profit After Tax3.7416.1111.766.08
EBITDA5.9121.6616.068.32
NET Worth53.0349.2533.1421.38
Reserves and Surplus41.0249.2433.1321.37
Total Borrowing19.6828.4218.1310.08

Peer comparison

CompanyIssue sizeP/ERoNWPAT marginSubscribedListing gain
Adisoft Technologies
This IPO
₹74 Cr43.832.71%12.23%77.52x+19.19%
Novus Loyalty
SME · listed 25 Mar 2026
₹60 Cr19.5627.39%3.43%0.09x0.00%
Genxai Analytics
SME · listed 12 Jun 2026
₹54.84 Cr11.7385.49%23.16%17.07x—
EverestIMS Technologies
SME · Open
₹48.46 Cr1433.53%23.66%1.66x—
Bench Mark Infotech Services
SME · Closed
₹42.44 Cr15.3638.48%16.88%95.97x—
Kratikal Tech
SME · listed 7 Jul 2026
₹39.69 Cr24.425.57%16.73%205.08x+42.22%
ENS Enterprises
SME · listed 21 Aug 2026
₹33.14 Cr14.8962.01%13.07%12.25x+4.35%

Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.

About Adisoft Technologies

Adisoft Technologies Limited was incorporated in February 2013 in Pune, Maharashtra, and started as an automation engineering solutions provider for automotive and manufacturing industries. The company gradually expanded its capabilities in robot simulation, automation process planning, and assembly line integration. Over time, it built in-house design, development, and assembly infrastructure at its Pune facility, allowing it to execute turnkey automation projects and serve customers across multiple states in India. The company offers industrial digital automation solutions such as automated assembly lines, material handling systems, robotic work cells, and special purpose machinery tailored to customer requirements. Its business model is project-based, covering design, procurement, assembly, installation, and commissioning along with lifecycle support services. The company is promoted by Ajay Chandrashekhar Prabhu and Preeti Ajay Prabhu, who bring engineering and automation domain experience and drive long-term customer relationships with automotive OEMs and component manufacturers.

Strengths

  • Revenue has grown steadily from ₹75.54 crore in FY23 to ₹131.72 crore in FY25, and PAT jumped from ₹5.83 crore to ₹15.94 crore in the same period.
  • Promoters bring over 28 years of industry experience, which gives strong execution capability.
  • Company has an in-house assembly unit in Pune covering procurement, assembling, testing, installation and commissioning end-to-end without depending on third parties.
  • Team of 100+ employees skilled in automation, planning, manufacturing, robotics simulation and robot programming supports project delivery.
  • Business is well-placed to benefit from India's Industry 4.0 push and the shift from manual assembly to robotic work cells in manufacturing.

Risks

  • Very high customer concentration — the top 1 customer contributed ₹63.18 crore or 48.48% of revenue in FY25, so losing this client can hurt badly.
  • Heavy dependence on the automotive sector, which makes the business cyclical and sensitive to auto industry slowdowns.
  • Negative cash flows are a key concern even though profitability looks strong on paper.
  • Debt-to-equity ratio of 0.58 is rising , so post-IPO deleveraging will be important to watch.
  • Being an NSE SME listing, trading volumes are typically lower than mainboard, which can limit price discovery and exit liquidity for investors.

Objects of the issue

  1. Repayment and/or pre-payment, in full or part, of borrowing availed by the Company.₹10 Cr
  2. Funding the Capital Expenditure requirements towards setting up of a new factory unit.₹41.11 Cr
  3. To Meet Working Capital Requirements of the Company₹10 Cr
  4. General Corporate Purpose

Promoters and shareholding

Ajay Chandrashekhar Prabhu and Preeti Ajay Prabhu are the promoters of the company.

Promoter holding, pre-issue
99.98%
Promoter holding, post-issue
73.6%

Anchor investors

8 investors · ₹21.07 Cr raised
InvestorShares allottedAmount% of anchor book
BHARAT VENTURE OPPORTUNITIES FUND3,28,800₹5.66 Cr26.83%
MOTILAL OSWAL FINVEST LTD.3,28,800₹5.66 Cr26.83%
SANSHI FUND-I1,64,800₹2.83 Cr13.45%
MERU INVESTMENT FUND PCC-CELL 11,64,000₹2.82 Cr13.38%
HEM GROWTH OPPORTUNITIES FUND64,000₹1.1 Cr5.22%
RAJASTHAN GLOBAL SECURITIES PVT.LTD.58,400₹1 Cr4.77%
TATTVAM AIF TRUST-Aanjay Ageless AIF Fund58,400₹1 Cr4.77%
VIKASA INDIA EIF I FUND-INCUBE GLOBAL OPPORTUNITIES58,400₹1 Cr4.77%

Registrar, lead managers and documents

Registrar

KFin Technologies Limited

040-79615565

adisoft.ipo@kfintech.com

Company contact

Prathamesh Complex & Trading Plot No., PAPBG-102, 103, 104 & 105, 1st and 2nd Floor, MIDC Chinchwad Industrial Area, Bhosari I.E, Pune, Maharashtra, 411026

+91 8208781102

cs@adisoft.co.in

Adisoft Technologies IPO: common questions

When does the Adisoft Technologies IPO open and close?

The Adisoft Technologies IPO opens on 23 Apr 2026 and closes on 27 Apr 2026.

What is the price band of the Adisoft Technologies IPO?

The price band is ₹163 – ₹172 per share, with a lot size of 800 shares and a minimum investment of ₹1,37,600.

What is the size of the Adisoft Technologies IPO?

The issue size is ₹74 Cr (Fresh capital only).

What is the GMP of the Adisoft Technologies IPO?

The last reported grey market premium is ₹21 per share as of 29 Apr 2026, 09:32 PM IST. GMP is unofficial and changes frequently.

When is the Adisoft Technologies IPO allotment?

The basis of allotment is expected on 28 Apr 2026. Allotment status can be checked with the registrar, KFin Technologies Limited.

When will the Adisoft Technologies IPO list?

The shares listed on 30 Apr 2026 on NSE SME.

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