The Adisoft Technologies Limited IPO has opened for subscription, offering investors exposure to a company operating in the industrial automation sector. With manufacturing industries increasingly adopting automation solutions to improve efficiency and productivity, companies like Adisoft are positioned in a high-growth segment.

This IPO is a book-built issue and consists entirely of a fresh issue, indicating the company’s focus on raising capital for expansion and business growth.

IPO Issue Size and Structure

The total issue size of the IPO stands at approximately ₹74.10 crore, and it is fully a fresh issue of 0.43 crore shares.

Key Highlights:

• Fresh Issue Only: ₹74.10 crore
• No Offer for Sale (OFS) component
• Funds will likely be used for business expansion, working capital, and technology development

A full fresh issue generally signals that the company is focused on scaling operations and strengthening its market position.

IPO Dates and Timeline

Investors should note the following key dates:

• IPO Opening Date: April 23, 2026
• IPO Closing Date: April 27, 2026
• Allotment Date (Expected): April 28, 2026
• Listing Date (Tentative): April 30, 2026
• Exchange: BSE

The timeline is relatively short, ensuring quick allotment and listing for investors.

Price Band and Valuation

The price band for the IPO is set between ₹163 and ₹172 per equity share.

At the upper price band of ₹172, the company’s market capitalisation is estimated at ₹280.67 crore.

Investor Insight:

• The valuation places the company in the emerging small-cap industrial technology segment
• Investors should assess valuation against growth potential and financial performance

Lot Size and Investment Requirement

The IPO has defined lot sizes as follows:

Retail Investors:

• Lot Size: 800 shares
• Minimum Investment: ₹2,75,200 (2 lots / 1,600 shares)

High Net-Worth Individuals (HNIs):

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

This higher ticket size makes the IPO more suitable for investors with higher investment capacity.

Company Business Model

Adisoft Technologies Limited is engaged in providing industrial automation solutions primarily to manufacturing companies, especially in the automotive sector.

Key Offerings:

• Assembly lines
• Conveyor systems
• Inspection systems
• Customised automation solutions

Revenue Breakdown

The company earns revenue from two main segments:

• Automation Solutions: 61.31%
• Trading of Automation Products: 38.69%

What This Means:

• Majority revenue comes from high-value solution-based services
• Trading segment provides additional revenue diversification

Role in Industrial Automation

The company plays an important role in helping industries:

• Improve productivity and efficiency
• Reduce manual labour dependency
• Enhance quality and consistency

With Industry 4.0 adoption increasing, demand for automation solutions is expected to grow significantly.

Industry Outlook: Automation Sector

The industrial automation sector in India is witnessing strong growth due to:

• Rising labour costs
• Need for higher efficiency and precision
• Increasing adoption of smart manufacturing technologies
• Growth in automotive and manufacturing industries

Companies like Adisoft are likely to benefit from:

• Expansion of manufacturing capabilities
• Shift towards automation-driven production

Grey Market Premium (GMP) Analysis

Currently, the Grey Market Premium (GMP) for the IPO is ₹0.

Key Points:

• GMP reflects unofficial market sentiment
• It is not regulated and is based on informal trading
• It does not guarantee listing gains

Important Note:

• Investors should use GMP for reference only
• Investment decisions should be based on fundamentals and long-term outlook

A zero GMP indicates neutral sentiment in the market.

Key Strengths of Adisoft Technologies

1. Presence in High-Growth Sector

Industrial automation is a rapidly expanding industry.

2. Customised Solutions

Ability to provide tailor-made automation systems for clients.

3. Strong Revenue Mix

Combination of solutions and product trading ensures diversification.

4. Automotive Sector Focus

Exposure to a major industrial sector with consistent demand.

Risks to Consider

1. Industry Dependency

Heavy reliance on manufacturing and automotive sectors.

2. Competitive Market

Automation industry has many established players.

3. Capital Intensive Projects

Requires significant investment and working capital.

4. SME IPO Risks

Potential for lower liquidity and higher volatility post listing.

IPO Intermediaries

• Lead Manager: Hem Securities Limited
• Registrar: KFIN Technologies Limited
• Market Maker: Hem Finlease Pvt. Ltd.

These entities ensure smooth execution and compliance of the IPO process.

Should You Consider This IPO?

Investors should evaluate:

• Company fundamentals and growth prospects
• Demand for automation in manufacturing
• Valuation at upper price band
• Risk appetite and investment horizon

This IPO may suit investors who:

• Believe in the automation and Industry 4.0 trend
• Prefer technology-driven manufacturing companies
• Have a long-term investment perspective

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