Adisoft Technologies IPO Sees Substantial Demand, Reaches 28.69x Subscription Ratio as of Day Three

Adisoft Technologies IPO: A Growth-Focused Offering

The initial public offering (IPO) of Adisoft Technologies, a leading provider of digital automation solutions, has begun and will conclude on Monday, April 27. The IPO price range for Adisoft Technologies is set at ₹163 to ₹172 per equity share, with a face value of ₹10. Investors can bid for a minimum of 800 equity shares, with the option to acquire additional shares in increments of 800.

Adisoft Technologies Ltd serves as a provider of digital automation solutions across various industries, offering a wide array of services throughout the automation landscape. The company focuses on the design, development, procurement, assembly, testing, installation, and commissioning of advanced automation systems tailored to the specific requirements of clients. Its primary offerings encompass automated assembly lines, material handling solutions, robotic work cells such as pick-and-place and sealing systems, along with diverse specialized machinery.

The company's growth trajectory is evident, with revenue rising to ₹133 crore in FY25 from ₹76 crore in FY23. However, the most recent financial results reflect a downturn, with profit after tax recorded at ₹3.74 crore for the period ending October 2025. Despite this, Adisoft Technologies has witnessed considerable growth in recent years.

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IPO Details and Subscription Status

The IPO has garnered anchor investor commitments totaling around ₹21 crore, providing some institutional backing ahead of the issue's opening. Around 50% of the net offer is designated for qualified institutional buyers, while retail investors are allocated 35%. The involvement of anchor investors provides a level of stability, yet SME IPOs continue to be primarily driven by retail participation in terms of subscriptions.

As of day 3, the Adisoft Technologies IPO subscription status is 28.69x, with the retail portion subscribed 19.74x, and NII portion booked 50.94x. The QIB segment is booked 27.67x. The company has received bids for 8,22,46,400 shares against 28,66,400 shares on offer on the third bidding day.

Grey Market Premium and Listing Expectations

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The grey market premium (GMP) for Adisoft Technologies IPO is currently at +11, indicating a robust listing. The estimated listing price of Adisoft Technologies share price was indicated at ₹183 apiece, which is 6.40% higher than the IPO price of ₹172. The 'grey market premium' indicates investors' readiness to pay more than the issue price.

IPO Allocation and Utilization

The capital generated from the IPO will primarily be directed toward capital expenditures, including the establishment of a new manufacturing facility, debt repayment, and fulfilling working capital requirements. This demonstrates a growth-focused capital allocation strategy, aligned with the expected demand for automation solutions as the Indian manufacturing sector grows and global supply chains adapt.

IPO Details

Adisoft Technologies IPO comprises a completely new issuance of 43.08 lakh shares. Hem Securities is the lead manager for the book-running process, while Kfin Technologies serves as the registrar for the offering. Hem Finlease Pvt. Ltd acts as the Market Maker for the company.