Adisoft Technologies IPO Fully Subscribed on First Day of Bidding, Institutional Investors Lead

Adisoft Technologies IPO Sees Strong Subscription on First Day

The initial public offering (IPO) of Adisoft Technologies Ltd, which began on Thursday, April 23, and is set to conclude on Monday, April 27, has seen a strong subscription on its first day. The company's IPO price band is fixed at ₹163 to ₹172 per equity share, with a face value of ₹10. Investors can bid for a minimum of 800 equity shares, with additional shares available in increments of 800.

Adisoft Technologies Ltd is a provider of digital automation solutions for industries, delivering comprehensive services across the automation spectrum. The company specializes in the design, development, procurement, assembly, testing, installation, and commissioning of sophisticated automation systems customized to meet specific client needs. Its main products include automated assembly lines, material handling solutions, robotic work cells like pick-and-place and sealing systems, along with various specialized machinery.

The integration of digital technologies with control systems is a key focus area for Adisoft, allowing for the automation of industrial operations and effectively linking shop-floor equipment with IT infrastructures. This integration minimizes or completely removes the need for manual intervention, enhances efficiency, and improves operational accuracy for its clients.

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In recent years, Adisoft has experienced significant growth, with its revenue increasing to ₹133 crore in FY25 from ₹76 crore in FY23. The profit after tax (PAT) was recorded at ₹16.1 crore in FY25, but the latest financial results indicate a slowdown, with PAT at ₹3.74 crore for the period ending October 2025.

The IPO has secured anchor investor commitments of approximately ₹21 crore, providing institutional support before the opening of the issue. 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.

According to data from chittorgarh.com, the IPO subscription status is 1.45x on day 1, with the retail portion subscribed 58% and the NII portion booked 75%. The QIB segment is booked 3.50x, with bids received for 41,59,200 shares against 28,66,400 shares on offer.

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The funds raised from the IPO will mainly be utilized for capital expenditures, including establishing a new manufacturing facility, as well as for repaying debt and meeting working capital needs. Hem Securities serves as the book-running lead manager, while Kfin Technologies acts as the registrar for the issue. Hem Finlease Pvt. Ltd is the company's Market Maker.

The grey market premium (GMP) for Adisoft Technologies IPO is currently at +10, indicating a solid listing forecast. The estimated listing price of Adisoft Technologies share price is ₹182 apiece, which is 5.81% higher than the IPO price of ₹172.