Adisoft Technologies IPO Opens Today; Sees ₹74 Crore Fresh Issue On NSE SME 

Adisoft Technologies IPO opened for subscription on Thursday, marking the launch of its ₹74.10 crore public issue on the NSE SME platform. The offering will remain open until April 27, 2026, according to the company’s prospectus and exchange schedule.

The IPO is structured entirely as a fresh issue of 43.08 lakh shares. That matters. It means all proceeds will flow directly to the company rather than existing shareholders, typically signaling capital deployment for expansion or operational needs as outlined in the RHP.

Issue Structure And Price Band Details

The company has set a price band of ₹163 to ₹172 per share for the book-built issue. Book building is a price discovery mechanism where investors bid within a specified range, and the final price is determined based on demand.

At the upper end, the total issue size aggregates to approximately ₹74 crore. The face value of each share is ₹10, indicating a significant premium over par, which is common for growth-oriented SME listings.

The IPO consists of:

• Fresh issue: 40.92 lakh shares (excluding market maker portion)
• Market maker reservation: 2.16 lakh shares

The net offer to the public stands at 40.92 lakh shares after allocations.

Subscription Window And Listing Timeline

The IPO subscription window runs from April 23 to April 27, 2026. Post closure, allotment is expected to be finalized on April 28, 2026, with refunds and credit of shares scheduled for April 29, 2026.

The tentative listing date is April 30, 2026, on the NSE SME platform.

This timeline reflects the standard T+3 listing cycle often followed in SME offerings, where shares are credited and listed within a compressed timeframe compared to mainboard IPOs.

Lot Size And Investment Threshold

The lot size has been fixed at 800 shares. Investors must bid in multiples of this quantity.

For retail investors:

• Minimum application: 2 lots (1,600 shares)
• Investment: ₹2,75,200 at the upper price band

For HNI investors:

• Minimum: 3 lots (2,400 shares)
• Investment: ₹4,12,800

Lot size determines the minimum number of shares an investor can apply for, ensuring standardized bidding in SME issues where liquidity is typically lower.

Investor Allocation Breakdown

The IPO allocation structure shows a near-balanced distribution:

• QIB (Qualified Institutional Buyers): 49.95%
• NII (Non-Institutional Investors): 15.01%
• Retail Investors: 35.03%

Qualified Institutional Buyers include mutual funds, banks, and insurance companies, whose participation often signals institutional confidence.

The market maker portion has been allocated to Hem Finlease Pvt. Ltd., which will provide liquidity post-listing by quoting buy-sell prices.

Intermediaries And Issue Management

Hem Securities Ltd. is acting as the book running lead manager to the issue, while Kfin Technologies Ltd. has been appointed as the registrar.

These intermediaries handle bidding, allocation, compliance, and investor record management. Their role becomes particularly important in SME IPOs where retail participation is significant.

Business Overview

Adisoft Technologies operates in the industrial digital automation space, offering solutions across design, development, procurement, and commissioning of automated systems.

Its services extend to:

• Automated assembly lines
• Material handling systems
• Robotic work cells
• Special purpose machinery

The company focuses heavily on automotive OEMs and component manufacturers, integrating IT systems with shop-floor operations to improve efficiency and reduce manual intervention.

Capital Structure And Pre-IPO Metrics

Prior to the issue, the company had a shareholding base of 1.20 crore shares. Post-issue, this expands to 1.63 crore shares.

The implied pre-IPO market capitalization stands at approximately ₹280.67 crore, based on the upper price band.

Such expansion in equity base reflects dilution but also provides the company with fresh capital for growth initiatives.

Source:

• https://www.adisoft.co.in/demo-page/pdf/Documents-for-Inspection/DRHP.pdf