Comparison between Admach Systems IPO and Yaap Digital IPO.
Admach Systems IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Yaap Digital IPO is a SME Bookbuilding proposed to list at NSE SME.
| Admach Systems IPO | Yaap Digital IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Aftertrade Broking Pvt.Ltd. | Socradamus Capital Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Aftertrade Broking Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Admach Systems IPO is up to ₹40.47 Cr whereas the issue size of the Yaap Digital IPO is up to ₹76.05 Cr. The final issue price of Admach Systems IPO is ₹239.00 per share and of Yaap Digital IPO is ₹145.00 per share.
| Admach Systems IPO | Yaap Digital IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹227.00 per share | ₹138.00 per share |
| Issue Price (Upper) | ₹239.00 per share | ₹145.00 per share |
| Issue Price (Final) | ₹239.00 per share | ₹145.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 600 shares | 1000 shares |
| Fresh Issue Size | 16,93,200 shares | 52,45,000 shares |
| Fresh Issue Size (Amount) | up to ₹40.47 Cr | up to ₹76.05 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 16,93,200 shares | 52,45,000 shares |
| Issue Size Total (Amount) | up to ₹40.47 Cr | up to ₹76.05 Cr |
Admach Systems IPO opens on Dec 23, 2025, while Yaap Digital IPO opens on Feb 25, 2026. The closing date of Admach Systems IPO and Yaap Digital IPO is Dec 26, 2025, and Feb 27, 2026, respectively.
| Admach Systems IPO | Yaap Digital IPO | |
|---|---|---|
| Anchor Bid Date | Dec 22, 2025 | Feb 24, 2026 |
| Issue Open | Dec 23, 2025 | Feb 25, 2026 |
| Issue Close | Dec 26, 2025 | Feb 27, 2026 |
| Basis Of Allotment (Tentative) | Dec 29, 2025 | Mar 02, 2026 |
| Initiation of Refunds (Tentative) | Dec 30, 2025 | Mar 04, 2026 |
| Credit of Share (Tentative) | Dec 30, 2025 | Mar 04, 2026 |
| Listing date (Tentative) | Dec 31, 2025 | Mar 05, 2026 |
| Anchor Lockin End date 1 | Jan 30, 2026 | Mar 31, 2026 |
| Anchor Lockin End date 2 | Mar 31, 2026 | May 30, 2026 |
Admach Systems IPO P/E ratio is 19.56, as compared to Yaap Digital IPO P/E ratio of 18.72.
| Admach Systems IPO | Yaap Digital IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Admach Systems Ltd.'s revenue increased by 170% and profit after tax (PAT) rose by 82% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 71.87 | 80.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 52.95 | 59.02 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 19.56 | 18.72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹161.87 Cr. | ₹303.53 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.94 | 74.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 44.00 | 45.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.48 | 1.02 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹12.22 | ₹7.74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 27.69 | 53.63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Admach Systems IPO Retail Individual Investors (RII) are offered 7,21,200 shares while in Yaap Digital IPO retail investors are offered 7,21,200 shares. Qualified Institutional Buyers (QIB) are offered 3,81,600 shares in Admach Systems IPO and 10,49,000 shares in Yaap Digital IPO.
| Admach Systems IPO | Yaap Digital IPO | |
|---|---|---|
| Anchor Investor Reservation | 2,10,600 shares | 15,73,000 shares |
| Market Maker Reservation | 89,400 shares | 2,80,000 shares |
| QIB | 3,81,600 shares | 10,49,000 shares |
| NII | 3,79,800 shares | 7,87,000 shares |
| RII | 7,21,200 shares | 18,36,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 16,93,200 shares | 52,45,000 shares |
Admach Systems IPO subscribed 4.13x in total, whereas Yaap Digital IPO subscribed 4.26x.
| Admach Systems IPO | Yaap Digital IPO | |
|---|---|---|
| QIB (times) | 1.55x | 8.29x |
| NII (times) | 7.40x | 5.05x |
| Big NII (times) | 9.21x | 6.56x |
| Small NII (times) | 3.76x | 2.01x |
| RII (times) | 3.77x | 1.61x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.13x | 4.26x |
