Adisoft Technologies Ipo
Adisoft Technologies IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Hem Securities Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | April 23, 2026 |
| IPO Close Date | April 27, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹163 to ₹172 Per Share |
| Issue Size | Approx ₹74 Crores |
| Fresh Issue | Approx ₹74 Crores |
| Issue Type | Book build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 1,600 | ₹2,75,200 |
| Retail Maximum | 2 | 1,600 | ₹2,75,200 |
| S-HNI Minimum | 3 | 2,400 | ₹4,12,800 |
| S-HNI Maximum | 7 | 5,600 | ₹9,63,200 |
| B-HNI Minimum | 8 | 6,400 | ₹11,00,800 |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | 12,26,400 Shares | 28.47% |
| QIB (Ex. Anchor) | 8,18,400 Shares | 19.00% |
| NII Shares Offered | 6,13,600 Shares | 15% |
| Retail Shares Offered | 14,33,600 Shares | 35% |
| Anchor Bidding Date | April 22, 2026 |
| Anchor Investors List | |
| Shares Offered | 12,26,400 Shares |
| Anchor Size | 21.08 Cr. |
| lock-in period end date 50% shares (30 Days) | May 28, 2026 |
| lock-in period end date 50% shares (90 Days) | July 27, 2026 |
| IPO Open Date: | April 23, 2026 |
| IPO Close Date: | April 27, 2026 |
| Basis of Allotment: | April 28, 2026 |
| Refunds: | April 29, 2026 |
| Credit to Demat Account: | April 29, 2026 |
| IPO Listing Date: | April 30, 2026 |
| IPO Bidding Cut-off Time: | April 27, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,20,10,000 | 99.98% |
| Promoter Holding Post Issue | 1,63,18,000 | 73.6% |
| Purpose | Crores |
| Repayment and/or pre-payment, in full or part, of borrowing availed by the Company | ₹10.00 |
| Funding the Capital Expenditure requirements towards setting up of a new factory unit | ₹41.11 |
| To Meet Working Capital Requirements of the Company | ₹10.00 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹76.15 | ₹68.29 | ₹6.08 | ₹49.66 |
| 2024 | ₹104.14 | ₹88.44 | ₹11.76 | ₹83.26 |
| 2025 | ₹133.02 | ₹111.52 | ₹16.11 | ₹111.01 |
| Oct 2025 | ₹55.71 | ₹50.24 | ₹3.78 | ₹98.12 |
| KPI | Values |
| ROE: | 39.11% |
| ROCE: | 29.12% |
| EBITDA Margin: | 16.45% |
| PAT Margin: | 12.23% |
| Debt to equity ratio: | 0.58 |
| Earning Per Share (EPS): | ₹13.41 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 32.71% |
| Net Asset Value (NAV): | ₹41.01 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Patil Automation Limited | 7.62 | 21.99 | 21.80% | 34.96 | 122.04 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |