
Adisoft Technologies IPO
- 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
- Opens23 AprThu
- Closes27 AprMon
- Allotment28 AprTue
- Refunds29 AprWed
- Demat credit29 AprWed
- Listing30 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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,37,600 |
| Retail (Max) | 1 | 800 | ₹1,37,600 |
| HNI (Min) | 2 | 1,600 | ₹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
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- 1Open the registrar's allotment page and select this IPO from the list.
- 2Enter your PAN, application number or DP / Client ID.
- 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)
- 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
| Date | GMP | Premium | Est. 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
- QIB98.23x
- NII (HNI)120.51x
- Retail47.27x
- Anchor1x
| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 8,18,400 | 8,03,95,200 | 98.23x |
| Non-Institutional Investors (NII) | 6,14,400 | 7,40,42,400 | 120.51x |
| Retail Individual Investors (RII) | 14,33,600 | 6,77,68,000 | 47.27x |
| Anchor Investors | 12,25,600 | 12,25,600 | 1x |
| Total | 28,66,400 | 22,22,05,600 | 77.52x |
Financials
- 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 ended | 31 Oct 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 98.12 | 111.01 | 83.26 | 49.66 |
| Total Income | 55.71 | 133.02 | 104.14 | 76.15 |
| Profit After Tax | 3.74 | 16.11 | 11.76 | 6.08 |
| EBITDA | 5.91 | 21.66 | 16.06 | 8.32 |
| NET Worth | 53.03 | 49.25 | 33.14 | 21.38 |
| Reserves and Surplus | 41.02 | 49.24 | 33.13 | 21.37 |
| Total Borrowing | 19.68 | 28.42 | 18.13 | 10.08 |
Peer comparison
| Company | Issue size | P/E | RoNW | PAT margin | Subscribed | Listing gain |
|---|---|---|---|---|---|---|
| Adisoft Technologies This IPO | ₹74 Cr | 43.8 | 32.71% | 12.23% | 77.52x | +19.19% |
| Novus Loyalty SME · listed 25 Mar 2026 | ₹60 Cr | 19.56 | 27.39% | 3.43% | 0.09x | 0.00% |
| Genxai Analytics SME · listed 12 Jun 2026 | ₹54.84 Cr | 11.73 | 85.49% | 23.16% | 17.07x | — |
| EverestIMS Technologies SME · Open | ₹48.46 Cr | 14 | 33.53% | 23.66% | 1.66x | — |
| Bench Mark Infotech Services SME · Closed | ₹42.44 Cr | 15.36 | 38.48% | 16.88% | 95.97x | — |
| Kratikal Tech SME · listed 7 Jul 2026 | ₹39.69 Cr | 24.4 | 25.57% | 16.73% | 205.08x | +42.22% |
| ENS Enterprises SME · listed 21 Aug 2026 | ₹33.14 Cr | 14.89 | 62.01% | 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
- Repayment and/or pre-payment, in full or part, of borrowing availed by the Company.₹10 Cr
- Funding the Capital Expenditure requirements towards setting up of a new factory unit.₹41.11 Cr
- To Meet Working Capital Requirements of the Company₹10 Cr
- 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
| Investor | Shares allotted | Amount | % of anchor book |
|---|---|---|---|
| BHARAT VENTURE OPPORTUNITIES FUND | 3,28,800 | ₹5.66 Cr | 26.83% |
| MOTILAL OSWAL FINVEST LTD. | 3,28,800 | ₹5.66 Cr | 26.83% |
| SANSHI FUND-I | 1,64,800 | ₹2.83 Cr | 13.45% |
| MERU INVESTMENT FUND PCC-CELL 1 | 1,64,000 | ₹2.82 Cr | 13.38% |
| HEM GROWTH OPPORTUNITIES FUND | 64,000 | ₹1.1 Cr | 5.22% |
| RAJASTHAN GLOBAL SECURITIES PVT.LTD. | 58,400 | ₹1 Cr | 4.77% |
| TATTVAM AIF TRUST-Aanjay Ageless AIF Fund | 58,400 | ₹1 Cr | 4.77% |
| VIKASA INDIA EIF I FUND-INCUBE GLOBAL OPPORTUNITIES | 58,400 | ₹1 Cr | 4.77% |
Registrar, lead managers and documents
Lead manager
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.inAdisoft 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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