Upcoming IPOs This Week (Apr 20–23): Adisoft & Leapfrog Open for Subscription

The primary market continues its steady momentum with 2 SME IPOs opening for subscription this week. Adisoft Technologies Ltd and Leapfrog Engineering Services Ltd are set to hit the market on April 23, offering investors fresh opportunities in the SME segment.

IPOs Opening for Subscription This Week

Overview of IPOs Opening this Week

1. Adisoft Technologies IPO

The Adisoft Technologies IPO is a book-built issue worth about ₹74.10 crore and consists of a fresh issue of around 0.43 crore shares. The IPO will open for subscription from April 23, 2026 to April 27, 2026, with the allotment expected on April 28, 2026 and a tentative listing on the NSE SME on April 30, 2026.

The IPO is being managed by Hem Securities Ltd, with Kfin Technologies Ltd acting as the registrar, and Hem Finlease Pvt Ltd serving as the market maker.

2. Leapfrog Engineering Services IPO

The Leapfrog Engineering Services Ltd IPO is a book-built issue worth about ₹88.51 crore, comprising a fresh issue of 3.46 crore shares valued at ₹79.60 crore and an offer for sale of 0.39 crore shares worth ₹8.91 crore. The IPO will open for subscription from April 23, 2026 to April 27, 2026, with allotment expected on April 28, 2026 and a tentative listing on the BSE SME on April 30, 2026.

The issue is being managed by Finshore Management Services Ltd, with Integrated Registry Management Services Pvt Ltd as the registrar and Anant Securities Ltd acting as the market maker.

Read More: SEBI Revises Intermediary Eligibility Norms, Drops Automatic Disqualification! 

Conclusion

With both IPOs opening and closing on the same dates and targeting SME listings on April 30, investors will have a short window to evaluate and participate. As always, reviewing company fundamentals, valuations and risk appetite remains essential before applying.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.