The Initial Public Offering (IPO) market in India continues to see participation from emerging technology-driven companies, and one such entrant is Adisoft Technologies Limited. The company operates in the industrial automation sector, a rapidly growing segment driven by increasing demand for efficiency, productivity, and digitisation in manufacturing.

The Adisoft Technologies IPO has opened for subscription on April 23, 2026, and will close on April 27, 2026. The issue has generated interest among investors due to its focus on automation solutions for manufacturing industries, particularly the automotive sector. However, the Grey Market Premium (GMP) remains flat, reflecting cautious sentiment in the short term.

About Adisoft Technologies Limited

Adisoft Technologies Limited is engaged in providing industrial automation solutions tailored to manufacturing companies. The company specialises in designing and implementing systems that help factories reduce manual intervention and enhance operational efficiency.

Its key offerings include:

• Assembly Lines:
  Custom-built systems for efficient product assembly in manufacturing units.
• Conveyors:
  Automated material handling systems that streamline production processes.
• Inspection Systems:
  Advanced systems used for quality control and defect detection.

The company provides end-to-end solutions, including:

• Design and development
• Installation and commissioning
• Customisation based on client requirements

These solutions are widely used in industries to:

• Improve production speed
• Reduce human errors
• Enhance overall productivity

Revenue Model and Business Segments

Adisoft Technologies generates revenue from two primary segments:

• Automation Solutions:
  Contributing approximately 61.31% of total revenue, this segment involves customised project execution.
• Trading of Automation Products:
  Accounting for 38.69% of revenue, this includes the sale of automation components and equipment.

This diversified revenue model allows the company to balance project-based income with product sales, ensuring relatively stable cash flows.

IPO Details and Structure

The Adisoft Technologies IPO is a Book Built Issue with a total size of ₹74.10 crore. The entire issue consists of:

• Fresh Issue:
  0.43 crore shares aggregating to ₹74.10 crore

There is no Offer for Sale (OFS) in this IPO, which means that all proceeds will go directly to the company for:

• Business expansion
• Working capital requirements
• General corporate purposes

Key IPO Dates

Investors should keep track of the following important dates:

• IPO Opening Date: April 23, 2026
• IPO Closing Date: April 27, 2026
• Allotment Date: April 28, 2026 (expected)
• Listing Date: April 30, 2026 (tentative)
• Stock Exchange: BSE

Price Band and Investment Requirements

The company has fixed the price band at ₹163 to ₹172 per share.

At the upper price band of ₹172:

• Market Capitalisation: Approximately ₹280.67 crore

Investment details are as follows:

• Lot Size: 800 shares
• Minimum Retail Investment:
  2 lots (1,600 shares) = ₹2,75,200
• Minimum HNI Investment:
  3 lots (2,400 shares) = ₹4,12,800

The relatively higher minimum investment requirement may limit participation from smaller investors.

IPO Management and Intermediaries

The IPO is managed by key financial institutions:

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

These entities ensure smooth execution of the IPO process, including application handling, allotment, and listing.

Grey Market Premium (GMP) Overview

The Grey Market Premium (GMP) for the Adisoft Technologies IPO is currently:

• ₹0 (Flat)

This indicates:

• Neutral investor sentiment
• Limited speculative activity
• No strong expectation of listing gains

However, investors must note that:

• GMP is unofficial and unregulated
• It is influenced by informal demand and supply
• It should not be the sole basis for investment decisions

Industry Outlook: Industrial Automation in India

The company operates in the industrial automation sector, which is gaining momentum in India due to:

• Increasing focus on Make in India
• Adoption of Industry 4.0 technologies
• Need for cost efficiency and productivity
• Rising demand in automotive and manufacturing sectors

Automation is becoming essential for companies to remain competitive, creating long-term opportunities for players like Adisoft Technologies.

Strengths of Adisoft Technologies

Some of the key strengths include:

• Strong focus on customised automation solutions
• Presence in the automotive manufacturing sector
• Balanced revenue mix between solutions and product trading
• Alignment with industrial growth trends

Risks and Challenges

Despite its strengths, the company faces certain risks:

• Flat GMP indicating cautious sentiment
• Dependence on manufacturing sector demand
• Project-based revenue variability
• High capital requirements for expansion
• Competitive industry landscape

Investment Perspective

For investors considering the Adisoft Technologies IPO, it is important to evaluate:

• Business fundamentals
• Industry growth potential
• Valuation at IPO price
• Risk factors

Long-term investors may find value in the company’s exposure to automation trends, while short-term investors may not see immediate listing gains due to flat GMP.

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