Adisoft Technologies IPO allotment: The basis of allotment of Adisoft Technologies was finalised on Tuesday, April 28. The bid finalisation details are available on the websites of the registrar, KFin Technologies, and the National Stock Exchange (NSE).
The initial share sale was subscribed 77.45 times during the three-day subscription period, according to Chittorgarh.
The IPO was solely a fresh issuance of 43.08 lakh shares valued at ₹74.10 crore without an offer for sale (OFS) component.
The funds generated will be used for capital expenditure requirements to establish a new factory unit, debt repayment, working capital needs and general corporate purposes.
With a price band of ₹163 to ₹172 per share, a lot consisted of 800 shares. The minimum investment for an individual investor was two lots or 1,600 shares.
"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 makes industrial automation systems, ranging from designing, developing, installing, and commissioning automated assembly lines, material handling systems, robotic cells and special-purpose machines.
Adisoft Technologies IPO: Allotment date and time
The Adisoft Technologies IPO allotment was finalised on Tuesday, April 28.
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How to check Adisoft Technologies IPO allotment status online on NSE
- Open NSE's allotment status page in your browser: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Pick 'Equity & SME IPO bid details' option
- Select 'Adisoft Technologies Ltd' with the symbol 'ADISOFT'
- Mention your application number and PAN (Permanent Account Number) card details
- Press the submit button
Adisoft Technologies IPO allotment status online on KFin Technologies; check steps
- Go to this link: https://ipostatus.kfintech.com/
- Pick 'Adisoft Technologies' in the 'Select IPO' section
- Fill in your PAN, IPO application number or Demat account number
- Hit the 'Submit' button
Adisoft Technologies IPO: Listing date
Shares of Adisoft Technologies will be listed on the SME platform of the NSE on Thursday, April 30, at 10 am.
Adisoft Technologies IPO GMP
According to investorgain.com and media reports, Adisoft Technologies' unlisted shares are trading at ₹189, reflecting a grey market premium (GMP) of 9.88% compared to the upper price band of ₹172.
Disclaimer: Grey Market Premium (GMP) is not regulated or recommended by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.