NSE has announced that Adisoft Technologies Limited (symbol: ADISOFT), which was listed under the SME IPO trade for trade segment (series: ST), will be transferred to the rolling segment (series: SM) effective May 15, 2026. This follows the standard SEBI-mandated process for newly listed SME IPO securities.

Key Points

• Adisoft Technologies Limited (ADISOFT) will move from trade for trade segment (series ST) to rolling segment (series SM)
• Transfer is effective from May 15, 2026
• This circular follows NSE circular NSE/CML/73967 dated April 29, 2026
• The action is pursuant to SEBI circular CIR/MRD/DP/02/2012 dated January 20, 2012
• Circular issued by NSE Listing department, reference NSE/CML/73988, Circular Ref. No. 0716/2026

Regulatory Changes

No new regulatory changes. This circular implements the existing SEBI framework under CIR/MRD/DP/02/2012 (January 20, 2012), which governs the transfer of newly listed SME IPO securities from trade for trade to normal rolling settlement after the initial post-listing period.

Compliance Requirements

• All NSE members must note the segment change for ADISOFT effective May 15, 2026
• Trading systems and order routing should be updated to reflect the new series (SM) from that date
• No specific action required from the listed company

Important Dates

• April 29, 2026: Previous related circular NSE/CML/73967 issued
• April 30, 2026: This circular (NSE/CML/73988) issued
• May 15, 2026: Effective date of transfer from series ST (trade for trade) to series SM (rolling segment)

Impact Assessment

This is a routine operational change for Adisoft Technologies Limited following its SME IPO. The transfer from trade for trade (T+T) to rolling settlement (SM series) will improve liquidity and trading flexibility for the stock, as rolling settlement allows normal intraday trading and netting of positions, unlike T+T which requires full delivery on each trade. The impact is limited to traders and investors holding or planning to trade ADISOFT shares.

NSE has notified the listing of equity shares of Adisoft Technologies Limited on the NSE EMERGE SME Platform effective April 30, 2026. The shares will trade under symbol ADISOFT in Series ‘ST’ (Trade for Trade Surveillance Segment – Settlement Type ‘W’) and will subsequently shift to Series ‘SM’ (Normal Rolling Segment – Settlement Type ‘N’) per SEBI guidelines.

Key Points

• Symbol: ADISOFT
• ISIN: INE20PL01012
• Platform: NSE EMERGE SME Platform
• Series: ST (Trade for Trade Surveillance Segment, TFTS – Settlement Type ‘W’)
• Issue Price: Rs. 172/- per share
• Face Value / Paid-up Value: Rs. 10/- per share
• Total Securities Listed: 16,318,000 equity shares
• Market Lot & Market Maker Minimum Quantity: 800 equity shares
• Market Maker Maximum Permissible Spread: Within 10%
• Market Maker: Hem Finlease Private Limited, Jaipur
• Registrar & Transfer Agent: Kfin Technologies Limited, Hyderabad
• Shares are available for pre-open session for IPO category scrips per SEBI circular CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012
• Shares are available for continuous market trading per NSE Circular NSE/CMTR/37202 dated March 14, 2018

Regulatory Changes

No new regulatory changes introduced. This circular is issued in pursuance of:

• Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A – admission to dealings
• Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A – lot sizes
• SEBI circular CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012 – pre-open session and TFTS to SM series transition

Compliance Requirements

• NSE members must identify and trade the security using its designated symbol (ADISOFT) and series codes only.
• Trading must be conducted in the specified market lot of 800 equity shares.
• Members should note that ADISOFT will initially trade in Series ‘ST’ (TFTS) and will be shifted to Series ‘SM’ (Normal Rolling Segment) subsequently as per SEBI guidelines.
• Market Maker (Hem Finlease Private Limited) must maintain spread within 10%.

Important Dates

• Circular Date: April 29, 2026
• Effective Date / Listing Date: April 30, 2026
• Financial Year: April 2026 – March 2027

Impact Assessment

This is a routine SME IPO listing on the NSE EMERGE platform with limited broader market impact. The listing involves 16,318,000 equity shares at an issue price of Rs. 172/- per share, implying a total issue size of approximately Rs. 280.67 crore. Initial trading is restricted to the Trade for Trade Surveillance Segment (TFTS), which limits speculative activity and ensures delivery-based settlement. The stock will later migrate to the normal rolling segment. Impact is confined to retail and institutional investors who participated in the IPO and members facilitating trades in this scrip.