Adisoft Technologies IPO
smelistedAbout the company
Adisoft Technologies manufactures industrial automation systems, ranging from designing, developing, installing, and commissioning automated assembly lines, robotic cells, material handling systems, and special-purpose machines. The company specialises in offering custom industrial automation solutions to automotive OEMs and component manufacturers. It provides diverse industrial automation products, including automated assembly lines, intelligent conveyors, special-purpose machinery, vision-based inspection systems, and Internet of Things (IoT) enabled manufacturing and quality control systems. These systems are connected with Programmable Logic Controllers (PLCs), Supervisory Control and Data Acquisition Systems (SCADA), Graphical Operator Terminal (GOT), and Manufacturing Execution System (MES). Adisoft Technologies derives its revenue mainly from two sources: Automation solutions and automation products trading. In FY25, automation solutions accounted for ₹91.97 crore (70.5%), and automation products trading accounted for ₹38.37 crore (29.4%). The company assembles its automation systems entirely in-house in its assembly facility situated in MIDC Bhosari in Pune, which has all the required assembly equipment, machines, tools, fixtures, and testing equipment. In terms of geography, the company operates in 10+ Indian states, where Haryana contributed 56.10% and Maharashtra at 29.57% in FY25, which are its major sources of revenues. In addition to its activities within India, it has started operating overseas by exporting to Bangladesh and Bahrain. The automotive industry is a major source of revenues for the company, generating 78.61% of its overall sales in FY25, whereas its other sources include the packaging, pharmaceutical, agricultural, and automation industries. The company is strategically diversifying into high-growth areas such as pharmaceutical manufacturing, white goods, warehouse automation, and water treatment.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 26 Apr | ₹16.5 | ₹188.5 | +1.5 |
| 25 Apr | ₹15 | ₹187 | +5 |
| 24 Apr | ₹10 | ₹182 | 0 |
| 23 Apr | ₹10 | ₹182 | 0 |
| 22 Apr | ₹10 | ₹182 | +10 |
| 21 Apr | ₹0 | ₹172 | 0 |
| 20 Apr | ₹0 | ₹172 | 0 |
Strengths
- End-to-end industrial automation solutions covering design to commissioning
- Strong positioning in Industry 4.0 and smart manufacturing space
- In-house manufacturing and testing facility improves quality control and margins
- Established client base with repeat business indicating strong relationships
- Experienced promoters with deep industry expertise
- Consistent revenue and profit growth in recent years
- Beneficiary of long-term manufacturing and automation demand in India
Risks
- High dependence on a single client contributing a large share of revenue
- Recent decline in revenue and profitability indicating earnings volatility
- SME listing leads to low liquidity and potential price manipulation
- Risk of technology becoming outdated without continuous innovation
- Dependence on skilled workforce for execution and delivery
- Valuation slightly higher compared to industry peers
- Project execution delays can impact margins and reputation
Financial performance (₹ Cr)
IPO Roadmap / Timeline
IPO Opens
Completed23 Apr 2026Bidding starts for all investor categories
IPO Closes
Completed27 Apr 2026Last day to place your bid
Basis of Allotment
Completed28 Apr 2026Share allotment finalised
Refund Initiation
Completed29 Apr 2026Refunds credited for non-allottees
Credit to Demat
Completed29 Apr 2026Allotted shares credited to demat account
Listing on Exchange
Completed30 Apr 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 800 | ₹137,600 | 1 | ₹137,600 | 1 lot only |
| HNI | 2 | 1600 | ₹275,200 | 2 | ₹275,200 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 2,208,955 | 37 | 0 | 0.00x | 100% |
| NII | 15% | 662,687 | 11.1 | 0 | 0.00x | 100% |
| Retail | 35% | 1,546,269 | 25.9 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
