Adisoft Technologies IPO
Adisoft Technologies LtdSME
This IPO has listed.
- Open date
- 23 Apr 2026
- Close date
- 27 Apr 2026
- Min. Investment
- ₹2,75,200
- Lot Size
- -
- Fresh Issue
- ₹74.10 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers98.23x
- Non-Institutional Investors89.16x
- Retail-Individual Investors47.27x
- Total72.09x
Schedule
- Completed: IPO open date23 Apr 2026
- Completed: IPO close date27 Apr 2026
- Completed: Allotment date28 Apr 2026
- Completed: Funds unblock or debit29 Apr 2026
- Completed: Tentative listing date30 Apr 2026
About
Promoter shareholding in Adisoft Technologies Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Ajay Chandrashekhar Prabhu | 84,06,960 | 69.99% | 84,06,960 | 51.52% |
| Preeti Ajay Prabhu | 36,02,990 | 29.99% | 36,02,990 | 22.08% |
Financials of Adisoft Technologies IPO
| Key Performance Indicators | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Operating Revenue | - | - | - |
| Other Income | - | - | - |
| Total Income | 103.27 | 130.34 | 166.42 |
| Total Expenses | 88.45 | 112.20 | 138.52 |
| Profit Before Tax | - | - | - |
| Total Profit | 11.76 | 16.12 | 22.93 |
Adisoft Technologies IPO Strengths & Risks
- Strategic Capacity Expansion through a New Factory Unit.
- Diversification into Non-Automotive Sectors.
- Focus on Consistent Adherence to Quality Standards.
- To build professional Organisation by recruiting and retaining highly-skilled employees.
- Risks Relating to the Business: The company's business is dependent on the sale of its services to certain key customers. The loss of any of these customers or loss of revenue from sales to these customers could have a material adverse effect on the company's business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company depends significantly on the performance of automotive sector for sale of its automation solutions. Any adverse change in performance of automotive sector could adversely affect the company's business and profitability.
- Risks Relating to the Business: The Company is dependent on limited number of suppliers, within limited geographical locations for procurement of raw materials. Any delay, interruption or reduction in the supply of raw materials required for its products may adversely affect the company's business, results of operations, cash flows and financial condition.
- Risks Relating to the Business: The industry where the Company operates is a highly skilled and technical employee intensive industry and the company's success depends largely upon its skilled professionals and its ability to attract and retain these personnel.
- Risks Relating to the Business: The company is subject to strict quality requirements and any failures to comply with quality standards may lead to cancellation of existing and future orders, product recalls, product liability, warranty claims and other disputes and claims.
- Risks Relating to the Business: If there are delays in setting up the Proposed factory unit or if the costs of setting up and the possible time or cost overruns related to the Proposed factory unit or the purchase of furniture, fixtures and laptops for the Proposed factory unit are higher than expected, it could have a material adverse effect on its financial condition, results of operations and growth prospects.
- Risks Relating to the Business: The Company has not adequately complied with some of the provisions of the Companies Act, 2013. There are certain discrepancies/errors noticed in some of its corporate records and forms filed with the Registrar of Companies and other provisions of the Companies Act. Any penalty or action taken by any regulatory authority in future for such non-compliance could impact the reputation and financial position of the Company to that extent.
- Risks Relating to the Business: The restated consolidated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
- Risks Relating to the Business: The company does not own its registered office, Assembly unit and Sales & Service Support offices from where the company carry out its business activities.
- Risks Relating to the Business: The company has experienced negative operating cash flows in the past. Any operating losses or negative cash flows in the future could adversely affect its results of operations and financial conditions.
- Risks Relating to the Business: Providing advance and performance bank guarantees is an integral part of the company's business operations. Failures to obtain these guarantees, or their invocation, could adversely affect its cash flow and overall financial position.
- Risks Relating to the Business: Trade receivables and Inventories form a major part of the company's current assets. Failures to manage it inventory and trade receivables could have an adverse effect on the company's sales, profitability, cash flow and liquidity.
- Risks Relating to the Business: Any disruptions or shutdown of its business operations at the company's existing Assembly unit could have an adverse effect on its business, financial condition and results of operations.
- Risks Relating to the Business: The company's business will suffer if the company fails to anticipate and develop new industrial solutions and enhance existing solutions in order to keep pace with rapid changes in technology and the industries on which the company focus.
- Risks Relating to the Business: The company uses third party software's for our design and developments and lack of support or enhancement of such software could adversely affect its business and operations.
- Risks Relating to the Business: The company's business operations are majorly concentrated in certain geographical regions and any adverse developments affecting its operations in these regions could have a significant impact on the company's revenue and results of operations.
- Risks Relating to the Business: The company's insurance coverage may not be adequate to protect the company against all potential losses to which the company may be subject and this may have a material effect on its business and financial condition.
- Risks Relating to the Business: The company's automation solution is customer specific and a solution designed cannot be used for multiple customers.
- Risks Relating to the Business: The company's Associate i.e. AIOI Systems India Private Limited may not perform as expected, and any adverse developments relating tot he company's Associate Company may impact its financial results and reputation.
- Risks Relating to the Business: The company experiences the effects of seasonality, which may result in the company's operating results fluctuating significantly and also, reduce its sales.
- Risks Relating to the Business: Any failures to accurately estimate the overall risks, revenues or costs in respect of a project, may adversely affect its profitability and results of operations. The company's actual cost in executing a contract may vary substantially from the assumptions underlying its contract.
- Risks Relating to the Business: The product trials or testing done by customers may become unsuccessful if any technical issue is identified during such trails. Further, after selling, failures to offer client support in a timely and effective manner may adversely affect its relationships with the company's clients and have an adverse impact on results of operations and financial conditions.
- Risks Relating to the Business: The company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
- Risks Relating to the Business: Registration of the trademarks which the company is using for its business is under process and is yet to be received. The company may be unable to protect the company's intellectual property or know how from third party infringement which could harm its brand and services.
- Risks Relating to the Business: The company's Order Book may not be representative of its future results and the company's actual income may be significantly less than the estimates reflected in the company's Order Book, which could adversely affect its results of operations.
- Risks Relating to the Business: The company is also engaged in trading of automation products, which has lower margins compared to customized automation solutions. Any increase in trading revenues relative to automation solutions may adversely affect its margins.
- Risks Relating to the Business: The company is subject to confidentiality obligations under Non-Disclosure Agreements (NDAs), and any breach or non-compliance may result in legal and financial liabilities.
- Risks Relating to the Business: the company's historical performance is not indicative of our future growth or financial results and the company may not be able to sustain its historical growth rates.
- Risks Relating to the Business: The company's business is dependent on the capital expenditure cycles of client industries, and any slowdown or downturn in such industries may reduce demand for its solutions and adversely affect the company's business, revenues, and financial condition.
- Risks Relating to the Business: A shortage, non-availability or adverse price movement of electricity, power & fuel may affect its business operations and have an adverse effect on the company's business, results of operations and financial condition.
- Risks Relating to the Business: Technology failures or Cyber-attacks or other security breaches could have a material adverse effect on its business, results of operation or financial condition.
- Risks Relating to the Business: The company is exposed to foreign currency fluctuation risks, particularly in relation to export and import of products, which may affect its results of operations, financial condition and cash flows.
- Risks Relating to the Business: Dependence upon transportation services for supply and transportation of its products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.
- Risks Relating to the Business: The company is dependent on information technology systems in carrying out its business activities and it forms an integral part of the company's business.
- Risks Relating to the Business: Any non-compliance with, and changes in, safety, health and environmental laws and labour regulations may adversely affect its business, prospects, financial condition and results of operations.
- Risks Relating to the Business: The company's industrial automation products and services may contain programming or configuration errors or other defects that could harm its reputation, be expensive to correct, delay revenues, and expose the caompany to litigation.
- Risks Relating to the Business: The Company operates under several statutory and regulatory permits, licenses and approvals.The company's inability to obtain, renew or retain the statutory and regulatory licenses, permits and approvals required to operate our business may have an adverse effect on its business & operations.
- Risks Relating to the Business: The company is subject to competition from both organized and unorganized players in the market, which may significantly affect the fixation and realization of the price for our industrial automation products and services, which may adversely affect its business operation and financial condition.
- Risks Relating to the Business: The company's Group Company, i.e., Kenmei Automation Private Limited, is been struck off from the register of companies.
- Risks Relating to the Business: Adverse publicity regarding the company's products could negatively impact the company.
- Risks Relating to the Business: The company's contingent liabilities as stated in its Restated Consolidated Financial Statements could affect its financial condition.
- Risks Relating to the Business: Certain of the company's investments may be subject to market risk and the company has not made any provisions for a possible decline of the value of such investments.
- Risks Relating to the Business: If the company is not able to successfully manage its growth, the company's business and results of operations may be adversely affected.
- Risks Relating to the Business: The company's directors have no prior experience in managing a listed company, which may pose challenges in complying with regulatory requirements.
- Risks Relating to the Business: The implementation process of Industrial automation solutions may in some cases be time consuming, and any failures to satisfy its customers or perform as desired could harm the company's business, results of operations, and financial condition.
- Risks Relating to the Business: The company is heavily dependent on its Promoters and Key Managerial Personnel for the continued success of the company's business through their continuing services and strategic guidance and support.
- Risks Relating to the Business: The company has incurred indebtedness which exposes the company to various risks which may have an effect on its business and results of operations .
- Risks Relating to the Business: Loans availed by the Company has been secured on personal guarantees of its directors.
- Risks Relating to the Business: The Company has unsecured loans which are repayable on demand. Any demand from lenders for repayment of such unsecured loans may adversely affect its cash flows.
- Risks Relating to the Business: The company is required to comply with certain restrictive covenants under its financing agreements. Any non-compliance may lead to, amongst others, accelerated repayment schedule and suspension of further drawdowns, which may adversely affect the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company is subject to the risk of failures of, or a material weakness in, the company's internal control systems.
- Risks Relating to the Business: The company has issued Equity Shares in the last 12 months at a price which could be lower than the Issue Price.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company's Promoters, could be lower than the price determined at time of filing the Red Herring Prospectus.
- Risks Relating to the Business: The company's lenders have charge over properties in respect of finance availed by the company.
- Risks Relating to the Business: Any Penalty or demand raised by statutory authorities in future will affect its financial position of the Company.
- Risks Relating to the Business: Excessive dependence on HDFC Bank in respect of Loan facilities obtained by the Company.
- Risks Relating to the Business: The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence its profitability adversely.
- Risks Relating to the Business: The company has not identified any alternate source of raising the funds required for the object of the Issue and the deployment of funds is entirely at its discretion and as per the details mentioned in the section titled "Objects of the Issue".
- Risks Relating to the Business: The company's may not be successful in implementing its business strategies.
- Risks Relating to the Business: The company's ability to pay dividends in the future will depend upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- Risks Relating to the Business: Any future issuance of Equity Shares, convertible securities or other equity linked securities by the company and any sale of Equity Shares by its significant shareholders may dilute your shareholding and adversely affect the trading price of the Equity Shares.
- Risks Relating to the Business: Employee misconduct or failures of its internal processes or procedures could harm the company by impairing our ability to attract and retain customers and subject the company to significant legal liability and reputational harm.
- Risks Relating to the Business: The company's Promoter and the Promoter Group will jointly continue to retain majority shareholding in the Company after the issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders .
- Risks Relating to the Business: In addition to normal remuneration, other benefits and reimbursement of expenses to the company's Promoters, they are interested to the extent of their shareholding and dividend entitlement thereon in the Company.
- Risks Relating to the Business: The determination of the Price Band is based on various factors and assumptions, and the Issue Price of the company's Equity Shares may not be indicative of the market price of its Equity Shares after the Issue.
- Risks Relating to the Business: Certain key performance indicators for certain listed industry peer included in this Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- Risks Relating to the Business: Certain data mentioned in this Red Herring Prospectus has not been independently verified.
- Risks Relating to the Business: The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
- Risks Relating to the Business: The company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of its Equity Shares.
- Risks Relating to the Business: Industry information included in this Red Herring Prospectus has been derived from industry sources. There can be no assurance that such third-party statistical, financial and other industry information is complete, reliable or accurate.
- Risks Relating to the Business: There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of National Stock Exchange of India Limited in a timely manner or at all.
- Risks Relating to the Business: Significant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S. GAAP, which may be material to investors' assessments of its financial condition, result of operations and cash flows.
- Risks Relating to the Business: Any of the Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.
