Public Listing

Category: Upcoming IPO

  • Adisoft Technologies

    Adisoft Technologies IPO: Comprehensive Analysis, Dates, & Financials
    Publiclisting.in

    Your Trusted Guide for IPO Analysis and Market Insights

    Adisoft Technologies IPO: Complete Analysis, Dates, Financials & Market Insights

    The highly anticipated Adisoft Technologies IPO is preparing to hit the Indian stock market, offering investors a fresh opportunity to participate in the booming industrial automation sector. With the rapid digital transformation happening across manufacturing industries globally, companies providing cutting-edge automation solutions are gaining immense traction.

    In this comprehensive guide by Publiclisting.in, we dive deep into everything you need to know about the Adisoft Technologies Initial Public Offering (IPO). From core business operations and essential dates to in-depth financial analysis and strategic SWOT breakdown, we have covered all the crucial metrics to help you make an informed decision.

    Understanding Adisoft Technologies Limited

    Adisoft Technologies Ltd. is a prominent player in the Industrial Digital Automation space. The company specializes in the end-to-end designing, development, procurement, assembly, testing, installation, and commissioning of robust automation systems. Their engineering services cater strictly to complex, customer-specific operational needs.

    The core philosophy of Adisoft is to bridge the gap between heavy shop-floor machinery and IT systems. By integrating advanced digital technologies with physical processes, the company significantly reduces human intervention, ensuring higher precision, safety, and efficiency.

    Key Offerings & Infrastructure:
    • Automated Assembly Lines: Streamlining high-volume production for industrial clients.
    • Robotic Work Cells: Deploying robotic solutions for pick-and-place and intricate sealing applications.
    • Special Purpose Machinery (SPM): Custom-built machinery designed to resolve unique operational challenges.
    • In-house Assembly Unit: The company boasts a state-of-the-art facility in MIDC Bhosari, Pune, fully equipped with specialized tools, fixtures, and testing infrastructure.

    Key IPO Specifications

    The Adisoft Technologies IPO is structured as a Book Built Issue, aiming to raise ₹74.10 Crores entirely through a fresh issue of 43.08 lakh shares. The shares are proposed to be listed on the NSE SME platform.

    AttributeDetails
    IPO TypeBook Built Issue (SME)
    Total Issue Size₹74.10 Crores (43,08,000 Equity Shares)
    Offer Type100% Fresh Issue
    Price Band₹163 to ₹172 per equity share
    Face Value₹10 per share
    Listing ExchangeNSE SME
    Market Maker Reservation2,16,000 shares (₹4 Crores)

    Adisoft Technologies IPO Schedule & Timeline

    Timing is crucial when participating in any public issue. Below is the tentative timeline outlining the major milestones for the Adisoft Technologies IPO, from the opening date to the highly anticipated listing day.

    IPO Opens
    Apr 23, 2026
    IPO Closes
    Apr 27, 2026
    Allotment
    Apr 28, 2026
    Refunds/Credit
    Apr 29, 2026
    Listing Date
    Apr 30, 2026

    Investment Categories & Lot Size Requirements

    The minimum marketable lot for the Adisoft Technologies IPO is set at 800 shares. Investors must apply in multiples of this lot size. Below is a breakdown of the minimum and maximum investment requirements across different investor categories, calculated at the upper price band of ₹172.

    Investor CategoryMinimum LotsTotal SharesInvestment Amount
    Retail (Minimum)2 Lots1,600 Shares₹2,75,200
    Retail (Maximum)2 Lots1,600 Shares₹2,75,200
    S-HNI (Minimum)3 Lots2,400 Shares₹4,12,800
    S-HNI (Maximum)7 Lots5,600 Shares₹9,63,200
    B-HNI (Minimum)8 Lots6,400 Shares₹11,00,800

    Financial Health & Metrics

    A fundamental check of a company’s past performance is essential to gauge its growth trajectory. Adisoft Technologies has demonstrated robust financial momentum over the past three fiscal years. Between FY24 and FY25, the company recorded a stellar 28% increase in revenue and an impressive 37% surge in Profit After Tax (PAT).

    Financial Parameter (₹ in Crores)FY 2025FY 2024FY 2023
    Total Assets111.0183.2649.66
    Total Revenue133.02104.1476.15
    EBITDA21.6616.068.32
    Profit After Tax (PAT)16.1111.766.08
    Net Worth49.2533.1421.38
    Total Borrowings28.4218.1310.08

    Valuation & Key Performance Indicators (KPIs)

    Understanding the core metrics helps map out the actual valuation of the company compared to the asking issue price. Based on the data up to March 31, 2025, Adisoft Technologies showcases strong profitability metrics.

    Key IndicatorPercentage / Ratio
    Return on Equity (ROE)39.11%
    Return on Capital Employed (ROCE)29.12%
    Debt-to-Equity Ratio0.58
    PAT Margin12.23%
    EBITDA Margin16.45%
    Price to Book Value (P/BV)4.19x

    Note: The Pre-IPO Price to Earnings (P/E) ratio stands at 12.82x, which translates to a Post-IPO P/E ratio of approximately 17.42x. The estimated Market Capitalization at the time of the IPO is ₹280.67 Crores.

    Purpose of the Public Offer

    The net proceeds derived from this fresh issue of shares will be strategically allocated to foster the company’s expansion plans and optimize its balance sheet. The capital deployment plan is as follows:

    • Capital Expenditure (₹41.11 Cr): A massive chunk of the funds will be directed toward setting up a brand-new factory unit to increase manufacturing capacity.
    • Debt Reduction (₹10.00 Cr): Repayment or pre-payment of existing commercial borrowings, which will reduce interest burdens and improve margins.
    • Working Capital (₹10.00 Cr): Ensuring smooth day-to-day operational requirements.
    • General Corporate Purposes: Utilizing residual funds for unseen operational scaling and corporate needs.

    Promoter Details & Shareholding Pattern

    The company is steered by experienced promoters, Ajay Chandrashekhar Prabhu and Preeti Ajay Prabhu. Their extensive knowledge in the industrial engineering sector has been the driving force behind the company’s consistent growth.

    • Pre-Issue Promoter Holding: 99.98%
    • Post-Issue Promoter Holding: 73.60%

    Strategic SWOT Analysis

    Strengths

    Adisoft has deeply rooted design and development capabilities. Their completely integrated in-house assembling and testing infrastructure at Pune provides a massive edge over fragmented competitors. Furthermore, long-standing relationships with top-tier automotive OEMs guarantee a steady revenue pipeline.

    Weaknesses

    The business model is highly capital intensive, requiring constant investment in technology. Additionally, a heavy reliance on the automobile and automotive component manufacturing sector means that any downturn in the auto industry could directly impact Adisoft’s order book.

    Opportunities

    With “Industry 4.0” gaining rapid momentum in India, there is a massive shift towards manufacturing automation. This opens doors for Adisoft to scale operations beyond the automotive sector, into aerospace, electronics manufacturing, and pharmaceuticals.

    Threats

    The industrial automation space is characterized by rapid technological obsolescence. Failure to keep up with global AI and robotic innovations, along with intense competition from established multinational automation firms, remains a persistent threat.

    Corporate Office & Intermediaries

    Before applying, investors often prefer maintaining a record of the company’s operational base and the institutions managing the IPO process:

    • Registered Office: Prathamesh Complex & Trading, MIDC Chinchwad Industrial Area, Bhosari I.E, Pune, Maharashtra – 411026
    • Lead Manager: Hem Securities Ltd.
    • Registrar to the Issue: Kfin Technologies Ltd.

    Final Thoughts

    The Adisoft Technologies IPO presents an intriguing proposition for market participants interested in the fast-growing industrial automation and robotics ecosystem. The company has showcased excellent financial growth with strong ROE and ROCE figures, and its plan to utilize the majority of IPO funds for capital expenditure highlights management’s aggressive growth mindset.

    While the fundamentals look solid, investing in SME IPOs naturally carries a higher risk profile due to varying market liquidity and larger lot sizes. Market participants should align their investment strategies with their risk tolerance, carefully analyze the broader market trends, and thoroughly read the official prospectus documents before making capital commitments.

  • Leapfrog Engineering Services

    Leapfrog Engineering Services IPO: Comprehensive Review, Dates & Financials
    Publiclisting.in

    A Complete Guide to the Leapfrog Engineering Services IPO: Dates, Financials, and Business Analysis

    The Small and Medium Enterprises (SME) IPO segment continues to witness remarkable momentum, offering dynamic investment avenues for retail and institutional investors alike. Among the highly anticipated upcoming issues is the Leapfrog Engineering Services IPO. Scheduled to hit the primary market in late April 2026, this offering brings a blend of a fresh capital raise and an Offer for Sale (OFS) from an established player in the engineering and automation space.

    In this comprehensive analysis, we decode the company’s business model, critical IPO details, financial health, valuation, and fundamental strengths to help you navigate this upcoming opportunity on the BSE SME platform.

    Understanding the Business: What Does Leapfrog Engineering Services Do?

    Established in the year 2005, Leapfrog Engineering Services Ltd. has carved out a solid niche in the Engineering, Procurement, Construction, and Commissioning (EPCC) sector. Operating seamlessly across multiple heavy-duty industries—such as Oil & Gas, Pharmaceuticals, Food Processing, and Metals—the company delivers high-quality, end-to-end design and build infrastructure projects.

    Their operational framework is divided into four highly specialized verticals:

    • Electrical Solutions: Comprehensive engineering consultancy, manufacturing of medium/low voltage switchgears, turnkey installations, and commissioning support.
    • Instrumentation & Industrial Automation: Installation of advanced infrastructure systems, DCS/PLC technological upgrades, and robotics-based industrial process automation.
    • Fire Protection & Safety Systems: Specialized design and troubleshooting of fire alarms, suppression systems, and fire-rated structural solutions mapped to international regulatory standards.
    • Building Automation Systems: Deployment of smart sensors, HVAC controls, access control networks, and advanced surveillance solutions geared toward energy-efficient infrastructure.

    Supported by a dedicated workforce of over 100 on-roll employees and an experienced supply chain management system, Leapfrog has demonstrated an exceptional track record of timely project execution over the past two decades.

    Core Offer Configuration: IPO Details

    The Leapfrog Engineering Services IPO is a book-built issue aiming to raise a total of ₹88.51 Crores. The structure is thoughtfully divided to fuel corporate expansion while providing a partial exit for early stakeholders.

    ParameterOffer Details
    Issue Size3,84,84,000 shares (Aggregating up to ₹88.51 Cr)
    Fresh Issue Component3,46,08,000 shares (Aggregating up to ₹79.60 Cr)
    Offer for Sale (OFS)38,76,000 shares (Aggregating up to ₹8.91 Cr)
    Price Band₹21 to ₹23 per equity share
    Face Value₹1 per share
    Listing PlatformBSE SME

    Critical Timelines: IPO Schedule

    Keeping track of dates is vital for ensuring your applications and funds are lined up correctly. The entire process from bid opening to the final market listing is mapped out in the visual timeline below.

    1

    Bid Opens

    Apr 23, 2026

    2

    Bid Closes

    Apr 27, 2026

    3

    Allotment

    Apr 28, 2026

    4

    Refunds/Credit

    Apr 29, 2026

    5

    Listing Date

    Apr 30, 2026

    Investment Requirements: Lot Size & Categories

    Because this is an SME IPO, retail investors must apply for a standardized minimum lot size. Understanding the minimum application size prevents last-minute transaction errors.

    Investor CategoryMinimum LotsSharesInvestment Amount (at Upper Band)
    Retail Individual Investors (RII)2 Lots12,000₹2,76,000
    Small HNI (S-HNI)3 Lots18,000₹4,14,000
    Big HNI (B-HNI)8 Lots48,000₹11,04,000

    Note: The reservation strategy allocates approximately 50.06% to Retail Investors, 44.95% to Non-Institutional Investors (NII), and limits the QIB allocation to a select pool, prioritizing standard investor participation.

    Financial Health and Business Growth

    A deep dive into Leapfrog Engineering’s financial statements paints a picture of a company in an active growth phase, alongside expanding asset bases and reserves. Let us look at their restated financials leading up to December 2025.

    Financial Metrics (in ₹ Crores)31 Mar 202331 Mar 202431 Mar 202531 Dec 2025 (9-Month)
    Total Assets6.4551.11149.17156.04
    Total Income/Revenue105.38162.88137.37105.05
    Profit After Tax (PAT)0.2816.3916.2214.18
    Net Worth5.3221.7153.2667.44
    Total Borrowings13.0513.7820.1132.22
    Financial Analyst Perspective: The company demonstrated an exceptional jump in Profit After Tax (PAT), surging from just ₹0.28 Cr in FY23 to over ₹16 Cr in FY24 and FY25. While revenue moderated slightly in FY25, margins have remained incredibly robust. Investors should note the rising total borrowings (standing at ₹32.22 Cr as of late 2025), which is a common characteristic of capital-intensive EPC companies scaling up operations.

    Key Performance Indicators (Valuation Context)

    To assess whether the issue is priced reasonably at ₹23, we can look at their fundamental ratios:

    • Return on Equity (ROE): 21.03%
    • Return on Capital Employed (ROCE): 23.98%
    • Debt-to-Equity Ratio: 0.48 (indicates manageable leverage)
    • PAT Margin: 14.04%
    • Price to Book Value (P/B): 3.66

    Fund Utilization Plan: Where is the Money Going?

    A transparent plan for the freshly raised capital is a green flag for market participants. The net proceeds of approximately ₹63.05 Cr will be mobilized across the following avenues:

    • Capital Expenditure (₹27.00 Cr): Primarily directed toward establishing a brand new assembling unit, enhancing their in-house manufacturing capacity for electrical switchgears and automation panels.
    • Working Capital (₹36.05 Cr): To fuel day-to-day operations, ease supply chain bottlenecks, and support the bidding process for larger infrastructure contracts.
    • General Corporate Purposes: Remainder utilized for unforeseen business expenses and issue-related expenditures.

    Promoter Background and Shareholding Dynamics

    Strong leadership is the backbone of any B2B engineering firm. The company is spearheaded by Mr. Prabhav Narasimha Rao and Mrs. Priyashaila Prabhav Rao. Their combined experience in the engineering, procurement, and industrial automation landscape has helped Leapfrog build its robust order book.

    Holding MetricPercentage (%)
    Pre-Issue Promoter Holding92.59%
    Post-Issue Promoter Holding67.27%

    Strategic SWOT Analysis

    A balanced evaluation of the company’s internal and external market position offers a better understanding of its long-term viability:

    Strengths

    • Deep-rooted industry experience spanning nearly two decades.
    • Highly diversified service portfolio shielding against sector-specific downturns.
    • Consistently strong EBITDA and PAT margins demonstrating pricing power.

    Weaknesses

    • Gradual increase in total debt over the past three fiscal years.
    • High working capital requirements inherently attached to the EPCC business model.

    Opportunities

    • Booming domestic infrastructure and smart-city initiatives.
    • New assembling unit funded by the IPO will drastically reduce reliance on third-party manufacturers.
    • Global push toward automated and energy-efficient building management.

    Threats

    • Intense competition from unorganized and large-scale EPC players.
    • Volatility in raw material pricing (metals, electrical components) impacting fixed-price contracts.

    Administrative Information

    For investors looking to track their applications, allotments, or address operational queries, here are the vital points of contact:

    • Registrar to the Issue: Integrated Registry Management Services Pvt. Ltd. (Contact: smeipo@integratedindia.in)
    • Book Running Lead Manager: Finshore Management Services Ltd.
    • Company Headquarters: 496, Chaithanya Dhriti Rudresh, 6th Main, 8th Cross, Vijaya Bank Layout, Bangalore Urban, Karnataka – 560076.

    Final Takeaway

    The Leapfrog Engineering Services IPO emerges as a fundamentally structured offering in the rapidly growing industrial automation and EPC space. Supported by a healthy pre-issue net worth, soaring profit margins over the last couple of years, and a clear capital expenditure blueprint, the company presents a compelling growth narrative.

    However, prospective investors should weigh the inherently capital-intensive nature of the construction and automation business and the slightly elevated minimum retail investment threshold. As always, assessing risk appetite and keeping an eye on the broader market sentiment closer to the opening date (April 23, 2026) will be the most prudent strategy.

    Keep checking back on Publiclisting.in for more updates on subscription numbers, allotment status, and live market trends.