Adisoft Technologies’ initial public offering (IPO) has been fully subscribed, attracting strong interest from investors on April 23, the first day of bidding. The Pune-based company is raising Rs 74.10 crore through the issuance of 43.08 lakh equity shares, entirely as a fresh issue with no offer-for-sale component. The price band is set at Rs 163-172 per share, and the public issue will remain open until April 27.
On the first day, bids for 57.16 lakh equity shares were received against the offer size of 30.82 lakh shares, with 1,194 applications submitted. Qualified institutional buyers led the demand, bidding 3.6 times their allotted quota. Retail and non-institutional investor portions were subscribed 1.13 times and 1.8 times, respectively.
Adisoft Technologies plans to allocate Rs 37.77 crore of the IPO proceeds for a new factory unit, with construction already underway and expected completion by October 2026. The company also intends to use Rs 10 crore each for working capital and debt repayment, with remaining funds for general corporate purposes.
As of April 15, 2026, Adisoft’s total outstanding borrowings were Rs 13.8 crore. The company reported a profit of Rs 3.78 crore and revenue of Rs 54.86 crore for the seven months ending October 2025.
