Adisoft Technologies IPO fully subscribed with healthy demand from investors on day 1

Industrial digital automation solutions provider Adisoft Technologies' maiden public issue has attracted healthy response from across categories of investors, subscribing 1.85 times on April 23, the first day of bidding.

The Pune-based company is raising Rs 74.10 crore via initial public offering (IPO) of 43.08 lakh equity shares which consists of entirely fresh issue with no offer-for-sale component. The price band for the offer has been fixed at Rs 163-172 per share.

The public issue will remain open till April 27.

Investors have provided bids for 57.16 lakh equity shares on Thursday against the offer size of 30.82 lakh shares via 1,194 applications. Qualified institutional buyers were at the forefront to support the public issue, bidding 3.6 times their allotted quota.

The portions set aside for retail and non-institutional investors were subscribed 1.13 times and 1.8 times, respectively.

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Adisoft Technologies that provides customized automation solutions primarily to automobile manufacturers, automotive OEMs, and component-subcomponent manufacturers has already mobilised 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 will spend Rs 37.77 crore of the proceeds from IPO for setting up of a new factory unit. The construction of the proposed factory unit has commenced, which is expected to be completed by October 2026. The commercial production is expected to be commence December 2026.

"The rationale for capital expenditure towards setting up of a new factory unit is to provide this additional space along with increasing the sitting capacity for its employees," Adisoft said.

Currently, it operates business through assembly unit at Pimpri Industrial Area, Pune, Maharashtra.

Further, Rs 10 crore each will be used for working capital requirements, and repaying debt, and the remainder funds for general corporate purpose.

As of Aprill 15, 2026, the total outstanding borrowings of the company were Rs 13.8 crore.

On the financial front, Ajay Chandrashekhar Prabhu and Preeti Ajay Prabhu-promoted company has recorded profit of Rs 3.78 crore and revenue of Rs 54.86 crore for seven months period ended October 2025.

Profit in the year ended March 2025 grew by 37 percent to Rs 16.1 crore from Rs 11.8 crore in previous year, while revenue during the same period increased 27.5 percent to Rs 131.7 crore from Rs 103.3 crore.