Updated on 22.04.2026|10:31 AM
Adisoft Technologies Limited is launching its Initial Public Offering (IPO).
It is a provider of Industrial Digital Automation Solutions specializing in robotic work cells and automated assembly lines for the automotive sector. Track the latest IPOs at our latest IPOs section.
The subscription period for the IPO opens on Thursday, April 23, 2026, and will close on Monday, April 27, 2026.
Through this 100% book-built fresh issue, the Pune-based company intends to raise approximately ₹74.10 Crores with the price band set at ₹163 to ₹172 per equity share.
In this article, you will find Adisoft Technologies IPO GMP today, price band, and a detailed review with financial performance, strength and risks and valuation.
Briefs of Adisoft Technologies IPO Details:
- Price Band: ₹163 – ₹172 per equity share
- Face Value: ₹10 per Equity Share
- IPO Open / Close Dates: April 23, 2026 – April 27, 2026
- Lot Size: 800 Shares (Note: Retail Minimum Application is 2 Lots / 1,600 Shares)
- Issue Size: 43,08,000 Equity Shares / ~₹74.10 Crores
- Fresh Issue: 100% Fresh Issue
- Registrar: Kfin Technologies Ltd.
- Listing Exchange: NSE SME
Investors seeking help from registrar can check our detailed guide on Kfin tech IPO allotment status which is updated and has the step by step procedures.
IPO Reservation:
The offering comprises 43,08,000 shares, reserved as follows:
- QIB Portion: Not more than 20,44,800 Equity Shares (Including an Anchor Investor Portion of up to 12,26,400 Equity Shares).
- NII (HNI) Portion: Not less than 6,13,600 Equity Shares.
- Retail (RII) Portion: Not less than 14,33,600 Equity Shares.
- Market Maker: 2,16,000 Equity Shares.
What Is The Adisoft Technologies IPO GMP Today?
Check gmp of this and other IPOs at our dedicated gmp page.
Note: The Grey Market Premium (GMP) changes daily based on market demand. It is an unofficial indicator and is not regularised by SEBI, NSE, or BSE. Investors should not rely solely on GMP for investment decisions.
What Are The Important Adisoft Technologies IPO Dates & Allotment Schedule?
For investors planning their capital allocation, here is the critical timeline for the issue:
- IPO Open Date: Thursday, April 23, 2026
- IPO Close Date: Monday, April 27, 2026
- Basis of Allotment Date: Tuesday, April 28, 2026
- Refund Initiation Date: Wednesday, April 29, 2026
- Credit of Shares: Wednesday, April 29, 2026
- Listing Date: Thursday, April 30, 2026
What Are The Objectives of Adisoft Technologies IPO?
The company proposes to utilize the Net Proceeds from the Fresh Issue towards the following strategic purposes:
- Capital Expenditure: A major portion of ₹37.77 Crores is earmarked for setting up a new, larger factory unit in Pimpri, Pune. This expansion addresses current space constraints and will house material storage, integration, and testing under one roof.
- Debt Repayment: ₹10.00 Crores will be used to prepay or repay existing borrowings, aiming to reduce finance costs and improve the debt-to-equity ratio.
- Working Capital: ₹10.00 Crores is allocated to fund day-to-day operations and manage the working capital needs arising from business expansion.
- General Corporate Purposes: The remaining balance will cover strategic initiatives and ongoing business exigencies.
How is The Financial Performance of Adisoft Technologies?
The following table summarizes the financial performance of the company based on restated consolidated financial statements.
(Figures in ₹ Crores)
Particulars | Period Ended 31 Oct 25 (7M) | FY 2024-25 | FY 2023-24 | FY 2022-23 |
Total Income | 55.71 | 133.02 | 104.14 | 76.15 |
Profit After Tax (PAT) | 3.78 | 16.11 | 11.76 | 6.08 |
EBITDA | 5.91 | 21.66 | 16.06 | 8.32 |
Total Borrowing | 19.68 | 28.42 | 18.13 | 10.08 |
Assets | 98.12 | 111.01 | 83.26 | 49.66 |
Source: RHP
Financial Analysis & Observations:
Total Income:
The company demonstrated robust top-line growth, with Total Income rising from ₹76.15 Crores in FY23 to ₹133.02 Crores in FY25.
This nearly 75% increase is driven by strong demand in India's expanding automotive and smart factory automation sectors.
However, the 7-month stub period ending Oct 2025 indicates a shift in revenue mix towards lower-margin trading activities.
Profit After Tax (PAT):
Profitability surged significantly, with PAT increasing from ₹6.08 Crores in FY23 to ₹16.11 Crores in FY25.
The PAT margin improved to 12.23% in FY25, reflecting operational leverage as the company scaled its customized automation offerings.
EBITDA:
Operational efficiency is evident with EBITDA growing exponentially to ₹21.66 Crores in FY25 from ₹8.32 Crores in FY23.
The EBITDA margin expanded to 16.45% in FY25, though it compressed slightly to 10.76% in the recent stub period due to the aforementioned shift towards trading revenues.
Total Borrowing:
Total borrowings peaked at ₹28.42 Crores in FY25 to support scaling operations but were managed down to ₹19.68 Crores by October 2025.
The IPO allocation of ₹10 Crores for debt repayment will further deleverage the balance sheet.
Assets:
The asset base more than doubled from ₹49.66 Crores in FY23 to ₹111.01 Crores in FY25. This expansion is largely fueled by increases in working capital assets (receivables and inventory) necessary to execute larger automotive OEM contracts.
What Are The P/E Ratio and Peer Comparison?
Based on its Fiscal Year 2025 earnings per share (EPS) of ₹13.41, the IPO is priced at a Price-to-Earnings (P/E) multiple of approximately 12.82x at the upper end of the price band (₹172).
P/E Ratio = ₹172(Price) / ₹13.41(Earnings Per Share)
P/E Ratio ≈ 12.82x
Peer Comparison Table (FY 2024-25 Data):
Company | P/E Ratio | RoNW (%) | EPS (₹) | Total Income (₹ Cr) |
Adisoft Technologies | 12.82 | 32.71 | 13.41 | 133.02 |
Patil Automation | 21.99 | 21.80 | 7.62 | 122.04 |
Analysis:
Adisoft Technologies is entering the market at a P/E multiple of approximately 12.82x based on its FY25 EPS. Compared to Patil Automation (21.99x), this issue is priced conservatively.
Furthermore, Adisoft has better financial metrics across the board, including a higher Return on Net Worth (32.71% vs. 21.80%), stronger EPS (₹13.41 vs. ₹7.62), and a larger revenue base.
This combination of a lower valuation multiple and better capital efficiency makes the pricing look highly attractive.
What is The Industry Outlook of Adisoft Technologies Limited?
Growth Potential:
The industrial automation market in India is expanding rapidly, driven by the government's push for advanced manufacturing ("Industry 4.0") and the need for precision and scale in the automotive sector.
Market Trends:
There is a growing shift from manual assembly to robotic work cells. Adisoft's strategic move to diversify beyond the automotive sector into pharmaceuticals and warehouse automation aligns perfectly with broader industrial capex cycles.
What Are The Strengths and Risks of Adisoft Technologies IPO?
Strengths:
- Superior Return Ratios: With a RoE of 39.11% and RoCE of 29.11% in FY25, the company demonstrates exceptional efficiency in utilizing shareholder and borrowed capital.
- Strong Order Book: An unexecuted order book of ₹44.32 Crores provides clear revenue visibility for the near term.
- In-house Capabilities: Operating from Pune, an automotive hub, the company has 49 design professionals, ensuring tight control over quality and innovation.
Risks:
- High Concentration: The top 10 customers accounted for 74.09% of FY25 revenue, and the automotive sector overall contributed 78.61%. A downturn in the auto industry would severely impact financials.
- Negative Cash Flows: The company reported negative operating cash flows of ₹(0.72) Crores in FY25 and ₹(6.41) Crores in FY24, highlighting the working-capital-intensive nature of custom machinery manufacturing.
- Margin Dilution: A recent shift towards trading automation products (up to 38.69% of revenue in the recent period) could dilute the traditionally high margins seen in their core customized solutions business.
Key Considerations for Investors
Investors should note the Minimum Investment structure.
- Minimum Application: The lot size is 800 Shares. Based on the data provided, the minimum application for Retail Individual Investors is 2 Lots (1,600 Shares), amounting to ₹2,75,200. Note: This investment amount exceeds the typical ₹2 Lakh retail limit, which implies this category effectively targets Small-HNI investors.
- Valuation: At ~12.8x P/E, the pricing offers a significant discount compared to its direct peer, providing a potential margin of safety.
- Risk Profile: While profitability and returns are excellent, the negative cash flows and heavy reliance on the auto sector are key risks to monitor.
Key Takeaways
- IPO Price: ₹172 per share (Upper Band).
- Min Investment: ₹2,75,200 (1,600 Shares).
- Financials: Revenue ₹133 Cr (FY25);
- Allotment: April 28, 2026
- Listing: NSE SME platform on April 30, 2026.
FAQs on Adisoft Technologies IPO
What is Adisoft Technologies IPO GMP today?
The GMP is a dynamic, it changes daily. Check the gmp of this and all the other IPOs at our IPO GMP Page.
What is Adisoft Technologies IPO price band?
The price band is fixed at ₹163 to ₹172 per equity share.
What is Adisoft Technologies IPO allotment date?
The allotment status is expected to be finalized on Tuesday, April 28, 2026.
How to check Adisoft Technologies IPO allotment status?
Investors can check the status on the website of Kfin Technologies Ltd. (the Registrar) or via the NSE IPO allotment portal.
What is Adisoft Technologies IPO listing date?
The shares are tentatively scheduled to list on Thursday, April 30, 2026.
Investment Perspective on Adisoft Technologies IPO
Adisoft Technologies presents a compelling high-growth opportunity in the industrial automation space with superior return metrics.Although the company is valued at a discount compared to peers, investors should weigh the high barrier to entry for retail investors, negative cash flow, and significant sector concentration.
Disclaimer: This article is strictly for educational purposes. Please consult a SEBI-registered investment advisor before making any investment decisions.
