IPO Overview
Incorporated in February 2013, Adisoft Technologies Limited is one of the leading Industrial Digital Automation Solutions providers for the Automotive and Non-Automotive industries in India. The company handles the entire process — from designing, developing, procurement, assembling, testing, installation, and commissioning — to providing engineering services for automated assembly lines, material handling machines, robotic work cells, and special-purpose machines.
The company is now launching its SME IPO on the NSE SME platform. The IPO is a fully fresh issue of 43.08 lakh shares with no offer-for-sale component, meaning all proceeds will flow directly into the company. The IPO is priced in a band of ₹163 to ₹172 per share, aggregating to approximately ₹74.10 crore at the upper end. The IPO opens on 23 April 2026 and closes on 27 April 2026, with listing expected on 30 April 2026 on the NSE SME platform.
IPO Detailed Information
Issue Details
| Parameter | Details |
| IPO Type | Book Built – SME |
| Listing Exchange | NSE SME |
| IPO Open Date | 23 April 2026 |
| IPO Close Date | 27 April 2026 |
| Allotment Date | 28 April 2026 (Expected) |
| Credit to Demat | 29 April 2026 |
| Refund Initiation | 29 April 2026 |
| Listing Date | 30 April 2026 (Tentative) |
| Price Band | ₹163 – ₹172 per share |
| Face Value | ₹10 per share |
| Lot Size | 800 shares |
| Minimum Investment (Retail) | ₹2,75,200 (2 lots = 1,600 shares) |
| Minimum Investment (HNI) | ₹4,12,800 (3 lots = 2,400 shares) |
| Issue Size | ₹74.10 crore |
| Fresh Issue | 43,08,000 shares (₹74.10 crore) |
| Offer For Sale (OFS) | Nil |
Note: The entire IPO is a fresh issue — no offer-for-sale component. All proceeds go directly to the company.
Issue Break-up
| Category | Allocation |
| Qualified Institutional Buyers (QIB) | ~50% |
| Non-Institutional Investors (NII/HNI) | ~15% |
| Retail Individual Investors (RII) | ~35% |
| Market Maker | Reserved Portion |
OFS / Selling Shareholders
There is no Offer For Sale (OFS) in this IPO. No offer-for-sale component has been included — all proceeds will flow directly into the company.
Objects of the Issue (Fund Utilization)
The company plans to use the net IPO proceeds for repayment and/or pre-payment, in full or part, of borrowings availed by the company, and for funding capital expenditure requirements towards setting up of a new factory unit. The remaining funds will be used for general corporate purposes.
- Repayment / prepayment of existing borrowings
- Capital expenditure for setting up a new factory unit
- General corporate purposes
Lead Managers & Registrar
- Book Running Lead Manager: Hem Securities Ltd.
- Registrar to the Issue: Kfin Technologies Ltd.
- Market Maker: Hem Finlease Pvt. Ltd.
Promoters & Management
The promoters of the company are Mr. Ajay Chandrashekhar Prabhu and Mrs. Preeti Ajay Prabhu.
The company’s key strengths include in-house assembly infrastructure, experienced promoters, and long-standing relationships with industrial clients.
Company Details
Adisoft Technologies Limited is an industrial digital automation solutions provider engaged in designing, developing, procuring, assembling, testing, installing, and commissioning of automated systems. The company offers solutions such as automated assembly lines, material handling machines, robotic work cells (including pick-and-place and sealing applications), and special-purpose machinery tailored to specific customer requirements. Its services focus on integrating digital technologies and control systems with shop-floor equipment and processes to automate industrial operations and reduce human intervention.
Sectors Served:
- Automobile Manufacturers & OEMs
- Auto Component Suppliers
- Chemicals & Process Industries
- General Industrial Manufacturing
Key Products & Solutions:
- Automated Assembly Lines
- Robotic Work Cells (Pick-and-Place, Sealing Applications)
- Material Handling Machines
- Special Purpose Machinery (customer-specific)
- System Integration with IT/shop-floor layers
Key Capabilities:
- Expertise covers automation process planning, manufacturing, installation, commissioning, training, and annual maintenance. Strengths include customized solutions, factory trials to reduce implementation risk, and integration of Mitsubishi factory automation products with third-party components.
Manufacturing / Assembly Facility:
- Assembly unit located in Pune, Maharashtra
Financial Snapshot
| Period | Revenue (₹ Cr) | PAT (₹ Cr) |
| FY24 | ₹104.14 | ₹11.76 |
| FY25 | ₹133.02 | ₹16.11 |
Key Financial Metrics
- Revenue grew from ₹104.14 crore in FY24 to ₹133.02 crore in FY25 — a growth of ~28% YoY. PAT grew from ₹11.76 crore to ₹16.11 crore — a growth of ~37% YoY.
- EBITDA for FY25 stood at ₹21.66 crore, reflecting strong operational efficiency.
- Pre-issue market capitalization: ~₹280.67 crore
Company Strengths
- Operates in the industrial automation and EPCC-linked space, which is witnessing strong demand due to manufacturing automation, capex cycle revival, and Industry 4.0 adoption.
- Fully integrated in-house capabilities — design, development, assembly, testing, installation, and commissioning under one roof
- Strong and consistent revenue and profit growth over recent years
- Customized solutions with factory trials to reduce implementation risk for clients, along with expertise in integrating Mitsubishi factory automation products with third-party components.
- Entire IPO is fresh issue — no promoter exit; all funds directed towards business expansion
- Experienced promoter team with long-standing client relationships in the automotive sector
Key Risks & Challenges
- Business is project-driven, leading to potential earnings volatility — revenues and profits may not be predictable from quarter to quarter.
- Heavy dependence on the automotive sector — any slowdown in auto OEM capex can directly impact order inflows
- SME IPO liquidity risk — limited secondary market trading volumes on NSE SME platform
- For the 7-month period ended October 2025, PAT was only ₹3.74 crore on revenue of ₹55.71 crore — indicating lower margins in H1 FY26 compared to FY25.
- Competition from larger, well-funded domestic and global automation players
- Single assembly unit in Pune creates concentration risk in manufacturing operations
Disclaimer:
This document is for informational purposes only and should not be considered as investment advice. Investors should read the Red Herring Prospectus (RHP) carefully and consult a financial advisor before investing in any IPO. Market investments are subject to risk.
