India’s IPO market continues to remain active in 2026, with strong participation from retail and institutional investors across sectors such as manufacturing, technology, and automation. Companies focused on industrial digitisation and automation are gaining traction as industries increasingly adopt smart manufacturing solutions to improve efficiency and reduce manual intervention.
Against this backdrop, Adisoft Technologies Limited is set to open its IPO on April 23, 2026. Here is a detailed insight into the company, its IPO details, and the industry outlook.
About Adisoft Technologies Ltd.
Adisoft Technologies Limited is an industrial digital automation solutions provider engaged in designing, developing, procuring, assembling, testing, installing, and commissioning automation systems.
The company specialises in:
- Automated assembly lines
- Material handling systems
- Robotic work cells such as pick and place and sealing applications
- Special purpose machinery tailored to customer requirements
Adisoft integrates digital technologies and control systems with shop floor equipment, helping industries automate operations and reduce human intervention.
The company primarily caters to:
- Automobile manufacturers
- Automotive OEMs
- Component and sub component manufacturers
Its automation systems are assembled at its facility located in MIDC Bhosari, Pune, equipped with advanced testing and quality assurance infrastructure.
Competitive Strengths
- Strong design and development capabilities
- Integrated in house assembling and testing infrastructure
- Long standing customer relationships
- Experienced promoters and skilled workforce
Adisoft Technologies IPO Details
Adisoft Technologies IPO is a book building issue aggregating to ₹74.10 crore and consists entirely of a fresh issue.
The company plans to utilise the proceeds towards repayment of borrowings, capital expenditure for a new manufacturing facility, working capital requirements, and general corporate purposes.
Important IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | April 23, 2026 |
| IPO Close Date | April 27, 2026 |
| Allotment Date (Tentative) | April 28, 2026 |
| Initiation of Refunds | April 29, 2026 |
| Credit of Shares to Demat | April 29, 2026 |
| Listing Date (Tentative) | April 30, 2026 |
Key IPO Details
| Particulars | Details |
|---|---|
| Face Value | ₹10 per share |
| Price Band | ₹163 to ₹172 per share |
| Lot Size | 800 Shares |
| Issue Type | Bookbuilding IPO |
| Total Issue Size | 43,08,000 shares (₹74 Cr) |
| Fresh Issue | ₹74 Cr |
| Listing At | NSE SME |
| Market Cap (Pre IPO) | ₹280.67 Cr |
Issue Reservation
| Category | Shares Offered |
|---|---|
| QIB | 49.95% |
| NII (HNI) | 15.01% |
| Retail (RII) | 35.03% |
| Market Maker | 5.01% |
Lot Size of Adisoft Technologies IPO
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,600 | ₹2,75,200 |
| Retail (Max) | 2 | 1,600 | ₹2,75,200 |
| S-HNI (Min) | 3 | 2,400 | ₹4,12,800 |
| S-HNI (Max) | 7 | 5,600 | ₹9,63,200 |
| B-HNI (Min) | 8 | 6,400 | ₹11,00,800 |
Adisoft Technologies Ltd. Financials
The company has shown growth in profitability over the years, although revenue trends indicate some fluctuations.
Key Company Financials (₹ Crore)
| Period Ended | Oct 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| Assets | 98.12 | 111.01 | 83.26 | 49.66 |
| Total Income | 55.71 | 133.02 | 104.14 | 76.15 |
| Profit After Tax | 3.74 | 16.11 | 11.76 | 6.08 |
| EBITDA | 5.91 | 21.66 | 16.06 | 8.32 |
| Net Worth | 53.03 | 49.25 | 33.14 | 21.38 |
| Reserves and Surplus | 41.02 | 49.24 | 33.13 | 21.37 |
| Total Borrowing | 19.68 | 28.42 | 18.13 | 10.08 |
Key Performance Indicators (KPI)
| KPI | Oct 2025 | Mar 2025 |
|---|---|---|
| ROE | 7.39% | 39.11% |
| ROCE | 9.05% | 29.12% |
| Debt to Equity | 0.37 | 0.58 |
| RoNW | 7.13% | 32.71% |
| PAT Margin | 6.89% | 12.23% |
| EBITDA Margin | 10.76% | 16.45% |
| Price to Book | 3.89 | 4.19 |
IPO Objects of the Issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Repayment of borrowings | 10.00 |
| Capital expenditure for new factory | 37.77 |
| Working capital requirements | 10.00 |
| General corporate purposes | Balance |
Adisoft Technologies Ltd.: Industry Outlook
- Growing adoption of industrial automation is transforming manufacturing processes across sectors
- Increasing demand for robotics and smart factory solutions is driving industry growth
- Automotive and engineering sectors are investing heavily in automation technologies
- Industry 4.0 and digital transformation trends are expected to boost long term demand
- Rising focus on efficiency, cost optimisation, and precision manufacturing supports automation adoption
Conclusion
Adisoft Technologies Limited operates in a niche but growing segment of industrial automation and digital manufacturing solutions. The company has built capabilities in customised automation systems and serves key industries such as automotive manufacturing.
However, investors should consider risks such as inconsistent revenue trends, dependency on industrial demand cycles, and relatively high valuation based on recent financial performance. The IPO appears suitable for well-informed investors with a moderate to high risk appetite and a long-term investment horizon.
