Whalesbook
Toh yeh Adisoft Technologies ka pehla public offering hai jo 23 April, 2026 ko khula hai. Company ₹74.10 crore fund raise karna chahti hai, jiske liye yeh 43.08 lakh equity shares bech rahe hain. Price ₹163 se ₹172 ke beech hai. Agar sabse upar wale price par dekhein toh listing ke baad P/E ratio lagbhag 43.8 times ho jayega, jo projected ₹3.93 per share ke earnings par based hai. Yeh valuation investors ka confidence dikhata hai, par future mein company ko jabardast growth dikhani padegi.
Ab baat karte hain company ki bet ki. India mein industrial automation ka sector zabardast chal raha hai, aage bhi iska CAGR 8.17% se 14.3% tak rehne ka estimate hai, aur market USD 16 billion se upar ja sakti hai. Adisoft bhi isi ka fayda uthana chahti hai, yeh automotive clients ko solutions deti hai. IPO se jo ₹37.77 crore milenge, usse yeh log ek nayi factory lagayenge jo December 2026 tak start ho jayegi.
Lekin bhai, samne L&T Technology Services, Tata Elxsi, Persistent Systems, KPIT Technologies jaise bade players hain jinka market cap bahut bada hai aur P/E ratio 27x se 49x tak hai. Adisoft ka niche focus faydemand ho sakta hai, par chote hone ki wajah se ise speed pakadni hogi. FY25 mein company ne ₹16.1 crore ka profit kamaya tha ₹131.7 crore ke revenue par.
Toh yeh 43.8x wala P/E ratio thoda caution mange raha hai. Aise valuation unhi companies ko milte hain jo tezi se grow karti hain. Adisoft ki revenue FY25 mein 27.5% badhkar ₹131.7 crore hui thi, lekin ise isse bhi zyada speed pakadni padegi valuation justify karne ke liye. Global players jaise Siemens, ABB bhi hain. Automotive sector mein bhi risks hain jaise economic cycles aur electrification.
IPO se ₹10 crore debt pay karne mein jayenge, jisse borrowing ₹13.8 crore se kam ho jayegi. Par future expansion ke liye aur paisa chahiye hoga. Adisoft abhi ek busy IPO season mein public market mein aa rahi hai. Log paisa laga rahe hain, par high valuation ko lekar thodi savdhani bhi hai.
Adisoft ka success is baat par depend karega ki yeh apni capacity kitni jaldi badhate hain, kitne naye contracts jeette hain aur competition ko kaise face karte hain. IPO ka paisa capex aur debt kam karne mein lagana accha hai. Main sawal yeh hai ki kya Adisoft apne specialized skills se utni hi high aur consistent growth dikha payegi jitni iske premium IPO price ko justify karne ke liye chahiye.