Adisoft Technologies
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Adisoft Technologies IPO

₹2,60,800
74.82 xOver-subscribed
Bidding Dates 23 Apr, 26 -27 Apr, 26
Min Investment ₹2,60,800
Lot Size800
Price Range ₹163 – ₹172
Issue Size ₹74.10 Cr.
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IPO Subscription Details
Retail Subscription Details
44.25 x
Non-Institutional Buyers (sHNI)
59.01 x
Non-Institutional Buyers (bHNI)
150.09 x
Qualified Institutional Buyers (QIB)
94.66 x
Total
74.82 x
IPO Timeline
IPO Offer Start
23 Apr,26
IPO Offer Ends
27 Apr,26
Allotment Finalisation
28 Apr,26
Refund Initiation
29 Apr,26
Listing of Shares
30 Apr,26

IPO Analysis

Strengths
Strenghts

The company maintains in-house design and development capabilities with 49 professionals as of January 31, 2026, using advanced software tools such as E-PLAN, SolidWorks, AutoCAD, and ZW Cad for precision design and efficient delivery of customer-specific automation solutions.

Strenghts

The company operates a fully integrated facility in MIDC Bhosari, Pune, equipped with necessary tools, machines, fixtures, and testing equipment including handheld multimeters and continuity testers, enabling direct quality control and reliable delivery of automation systems.

Strenghts

The company has established a diversified customer base across more than 10 states in India, serving approximately 279 customers in Fiscal 2025, with 72 customers associated for three continuous years, representing 25.81% of total customers.

Risks
Risk

The company is heavily dependent on a limited number of customers, with the top customer accounting for 38.88%-50.86% of total sales and top 10 customers representing 70.18%-77.19% of revenue. The company lacks long-term supply agreements and relies solely on purchase orders, making it vulnerable to customer loss or reduced business volumes.

Risk

The company derives 59.95%-78.61% of its revenue from automotive sector clients, making it significantly exposed to fluctuations in automotive market performance. Any downturn in the automotive industry could severely impact the company's business operations and profitability.

Risk

The company depends on a limited number of suppliers with top 10 suppliers representing 76.57%-85.54% of raw material purchases, and 70.98%-83.83% of purchases concentrated in Maharashtra state. Raw material costs constitute 83.57%-90.93% of total expenses, creating significant supply chain and cost risks.

Objectives

The company proposes to utilize proceeds towards full or partial repayment or pre-payment of borrowings from various lenders to reduce outstanding indebtedness, debt servicing costs, and maintain favorable debt to equity ratio.

The company plans to establish a new factory unit to address space constraints and support growing business operations, including civil, plumbing, electrical works, furniture, fixtures and laptops procurement.

The company will invest in trade receivables, inventories, payment to trade payables and funding day-to-day operations to support business expansion and operational efficiency.

The company intends to deploy proceeds for general corporate purposes including meeting operating expenses, initial development costs, strengthening business development and marketing capabilities, and meeting exigencies.

Yearly Financial Results

Annual Financials
Mar 2023
Mar 2024
Mar 2025
Revenue
75.54
103.27
131.72
Expenses
68.29
88.44
111.52
Other Income
0.61
0.87
1.30
Total Revenue
76.15
104.14
133.02
Profit Before Tax
7.87
15.70
21.50
Net Profit
6.08
11.76
16.11

Balance Sheet

Balance Sheet
Mar 2023
Mar 2024
Mar 2025
Total Assets
49.66
83.26
111.01
Current Assets
28.15
66.81
96.59
Fixed Assets
21.51
16.45
14.42
Total Equity & Liabilities
49.66
83.26
111.01
Total Liabilities
28.27
50.12
61.76
Current Liabilities
23.76
46.33
55.52
Non Current Liabilities
4.51
3.79
6.24
Total Equity
21.38
33.14
49.25

Cash Flow

Cash Flow
Mar 2023
Mar 2024
Mar 2025
Net Cash Flow
2.68
0.72
3.51
Investing Activities
-1.41
0.03
-4.85
Operating Activities
3.03
-6.41
-0.72
Financing Activities
1.06
7.10
9.08

About Adisoft Technologies

Adisoft Technologies Limited is an Industrial Digital Automation Solutions provider engaged in designing, developing, procurement, assembling, testing, installation, commissioning and providing engineering services related to automated assembly lines, material handling machines, robotic work cells and special purpose machinery. The company provides customized automation solutions primarily to automobile manufacturers, automotive OEMs...more
Managing DirectorAjay Chandrashekhar Prabhu