Adisoft Technologies IPO Receives Strong Demand from Investors on First-Day Subscription

Adisoft Technologies' Maiden Public Issue Sees Healthy Response from Investors

Adisoft Technologies, an industrial digital automation solutions provider, has received a robust response from investors on the first day of its maiden public issue. On April 23, the company's initial public offering (IPO) attracted subscriptions 1.85 times its offer size, with investors bidding for 57.16 lakh equity shares against the offer size of 30.82 lakh shares via 1,194 applications.

The Pune-based company is raising Rs 74.10 crore via an entirely fresh issue of 43.08 lakh equity shares, with a price band of Rs 163-172 per share. The public issue will remain open till April 27. Qualified institutional buyers led the charge, bidding 3.6 times their allotted quota.

Read also: IPO Pipeline Sees Repeat Names as JM Financial, IIFL Capital Dominate League Tables

Adisoft Technologies, which provides customized automation solutions primarily to automobile manufacturers, automotive OEMs, and component-subcomponent manufacturers, has already mobilized Rs 12.08 crore from eight anchor investors, including Motilal Oswal Finvest, Meru Investment Fund, Tattvam AIF Trust, Bharat Venture Opportunities Fund, and Vikasa India, at the upper price band.

The company plans to utilize Rs 37.77 crore of the IPO proceeds for setting up a new factory unit, which is expected to be completed by October 2026 and commence commercial production in December 2026. The construction of the proposed factory unit has already commenced.

The company will also use Rs 10 crore each for working capital requirements and repaying debt, with the remaining funds allocated for general corporate purposes. As of April 15, 2026, Adisoft Technologies' total outstanding borrowings stood at Rs 13.8 crore.

On the financial front, the company has recorded a profit of Rs 3.78 crore and revenue of Rs 54.86 crore for the seven months period ended October 2025. In the year ended March 2025, the company's profit grew by 37 percent to Rs 16.1 crore from Rs 11.8 crore in the previous year, while revenue increased 27.5 percent to Rs 131.7 crore from Rs 103.3 crore.

Read also: Maharashtra State Power Distribution Company Seeks to Launch Initial Public Offering

HEM Securities is acting as the sole book running lead manager for Adisoft Technologies' IPO.