Adisoft Technologies IPO subscribed 21.69 times so far on Day 3: Check allotment date and steps

Adisoft Technologies IPO: Industrial digital automation solutions provider Adisoft Technologies' initial public offering has been subscribed 21.69 times so far on the final day of bidding on Monday, April 27.

It secured bids for 6,68,69,600 shares as against 30,82,400 shares on offer, according to the NSE data until 12:52 pm.

The ₹74.10 crore initial share sale, with a price band of ₹163 to ₹172 per share, is exclusively a fresh issue of 43.08 lakh shares without an offer for sale (OFS) component.

The money raised will be utilised for debt repayment, funding capital expenditure needs to establish a new factory unit, working capital requirements and general corporate purposes.

"We believe that listing will enhance our corporate image and visibility of brand name of our Company. We also believe that our Company will receive the benefits from listing of Equity Shares on the SME platform of NSE (NSE EMERGE). It will also provide liquidity to the existing shareholders and will also create a public trading market for the Equity Shares of our Company," Adisoft Technologies said in its red herring prospectus (RHP).

Adisoft Technologies is an industrial digital automation solutions provider, involved in offering designing, developing, procurement, assembling, testing, installation, commissioning and related to automated assembly lines, robotic work cells, material handling machines and special purpose machinery.

Adisoft Technologies IPO: Allotment and listing date

Adisoft Technologies IPO allotment is expected to be finalised on Tuesday, April 28. The listing on stock exchanges will occur on April 30.

How to check Adisoft Technologies IPO allotment status on NSE

• Visit NSE’s allotment status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Choose ‘Adisoft Technologies’ under the symbol ‘ADISOFT’
• Fill in your PAN and application number
• Hit the submit button

Steps to check Adisoft Technologies IPO allotment status on KFin Technologies

• Visit the official website: https://ipostatus.kfintech.com/
• In the ‘Select IPO’ list, select ‘Adisoft Technologies’
• Add your IPO application number, PAN or Demat account number
• Click on ‘Submit’

Adisoft Technologies IPO GMP

According to investorgain.com and media reports, Adisoft Technologies' unlisted shares are trading at ₹184, reflecting a grey market premium (GMP) of 6.98% compared to the upper price band of ₹172.