Adisoft Technologies ₹74 Crore Fresh IPO To Open on April 23; To Be Listed On NSE SME

Mumbai, April 21: Adisoft Technologies ₹74.10 crore book-built IPO will open for subscription on April 23, on the NSE SME platform. The public offering is scheduled to remain open until April 27, according to exchange disclosures.

The offering follows the company’s red herring prospectus, which outlines a fully fresh issue of 43.08 lakh shares. No offer-for-sale component has been included, indicating that all proceeds will flow directly into the company.

Issue Structure And Price Band

The IPO has been priced in a band of ₹163 to ₹172 per share. At the upper end, the total issue size aggregates to approximately ₹74.10 crore.

A book-building issue allows investors to bid within a specified price range. Based on demand across categories, the final issue price is determined before allotment. This mechanism is commonly used in SME listings to gauge investor appetite.

The face value of each share is ₹10, and the implied pre-issue market capitalization stands at around ₹280.67 crore.

Lot Size And Investor Participation

The minimum lot size for the IPO is 800 shares. Retail investors are required to apply for at least two lots, translating to 1,600 shares and an investment of ₹2,75,200 at the upper price band.

For HNI participants, the minimum application begins at three lots or 2,400 shares, amounting to ₹4,12,800.

Lot size defines the minimum number of shares investors can bid for in an IPO. SME issues typically mandate larger lot sizes compared to mainboard IPOs, which raises the entry threshold for participation.

Allocation Breakdown

Out of the net offer of 40.92 lakh shares, allocations have been structured across investor categories. Qualified Institutional Buyers (QIBs) account for 49.97% of the net issue, while Non-Institutional Investors (NIIs) are allocated 15.00%. Retail investors are assigned 35.03%.

Additionally, 2.16 lakh shares have been reserved for the market maker to provide liquidity post-listing.

Such allocation ensures balanced participation across institutional and retail investors, while the market maker’s role is to maintain trading activity in relatively less liquid SME counters.

Timeline And Listing Schedule

The IPO opened on April 23, 2026, and will close on April 27, 2026. The basis of allotment is expected to be finalized on April 28, 2026.

Refunds and credit of shares to demat accounts are scheduled for April 29, 2026. The company is set to list on the NSE SME platform on April 30, 2026, as per the tentative schedule outlined in the offer document.

Company Background And Business Model

Adisoft Technologies Ltd operates in the industrial digital automation segment. The company designs and delivers automation systems, including robotic work cells, material handling solutions, and specialized machinery.

Its services extend to integrating digital technologies with industrial processes, enabling automation across manufacturing environments. The company primarily caters to automobile manufacturers, OEMs, and component suppliers requiring customized production line solutions.

Financial Snapshot

For the period ended October 31, 2025, the company reported total income of ₹55.71 crore and a profit after tax of ₹3.74 crore.

In FY25, revenue stood at ₹133.02 crore with a profit after tax of ₹16.11 crore. EBITDA for the same period was ₹21.66 crore, reflecting operational performance before interest, taxes, and depreciation.

Net worth has shown a gradual increase, reaching ₹53.03 crore as of October 2025, while total borrowings stood at ₹19.68 crore.

Intermediaries And Issue Management

Hem Securities Ltd has been appointed as the book-running lead manager to the issue. Kfin Technologies Ltd is acting as the registrar, handling application processing and allotment.

Hem Finlease Pvt Ltd has been designated as the market maker for the IPO.

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