Comparison between Admach Systems IPO and Mobilise App IPO.
Admach Systems IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Mobilise App IPO is a SME Bookbuilding proposed to list at NSE SME.
| Admach Systems IPO | Mobilise App 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. | Corporate Capitalventures Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Aftertrade Broking Pvt.Ltd. | SS Corporate Securities 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 Mobilise App IPO is up to ₹19.08 Cr. The final issue price of Admach Systems IPO is ₹239.00 per share and of Mobilise App IPO is ₹80.00 per share.
| Admach Systems IPO | Mobilise App IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹227.00 per share | ₹75.00 per share |
| Issue Price (Upper) | ₹239.00 per share | ₹80.00 per share |
| Issue Price (Final) | ₹239.00 per share | ₹80.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 600 shares | 1600 shares |
| Fresh Issue Size | 16,93,200 shares | 23,85,600 shares |
| Fresh Issue Size (Amount) | up to ₹40.47 Cr | up to ₹19.08 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 | 23,85,600 shares |
| Issue Size Total (Amount) | up to ₹40.47 Cr | up to ₹19.08 Cr |
Admach Systems IPO opens on Dec 23, 2025, while Mobilise App IPO opens on Feb 23, 2026. The closing date of Admach Systems IPO and Mobilise App IPO is Dec 26, 2025, and Feb 25, 2026, respectively.
| Admach Systems IPO | Mobilise App IPO | |
|---|---|---|
| Anchor Bid Date | Dec 22, 2025 | Feb 20, 2026 |
| Issue Open | Dec 23, 2025 | Feb 23, 2026 |
| Issue Close | Dec 26, 2025 | Feb 25, 2026 |
| Basis Of Allotment (Tentative) | Dec 29, 2025 | Feb 26, 2026 |
| Initiation of Refunds (Tentative) | Dec 30, 2025 | Feb 27, 2026 |
| Credit of Share (Tentative) | Dec 30, 2025 | Feb 27, 2026 |
| Listing date (Tentative) | Dec 31, 2025 | Mar 02, 2026 |
| Anchor Lockin End date 1 | Jan 30, 2026 | Mar 28, 2026 |
| Anchor Lockin End date 2 | Mar 31, 2026 | May 27, 2026 |
Admach Systems IPO P/E ratio is 19.56, as compared to Mobilise App IPO P/E ratio of 11.88.
| Admach Systems IPO | Mobilise App 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)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 71.87 | 96.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 52.95 | 70.65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 19.56 | 11.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹161.87 Cr. | ₹76.10 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.94 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 44.00 | 75.40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.48 | 0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹12.22 | ₹6.73 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 27.69 | 57.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Admach Systems IPO Retail Individual Investors (RII) are offered 7,21,200 shares while in Mobilise App IPO retail investors are offered 7,21,200 shares. Qualified Institutional Buyers (QIB) are offered 3,81,600 shares in Admach Systems IPO and 4,76,800 shares in Mobilise App IPO.
| Admach Systems IPO | Mobilise App IPO | |
|---|---|---|
| Anchor Investor Reservation | 2,10,600 shares | 7,13,600 shares |
| Market Maker Reservation | 89,400 shares | 1,26,400 shares |
| QIB | 3,81,600 shares | 4,76,800 shares |
| NII | 3,79,800 shares | 3,60,000 shares |
| RII | 7,21,200 shares | 8,35,200 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 16,93,200 shares | 23,85,600 shares |
Admach Systems IPO subscribed 4.13x in total, whereas Mobilise App IPO subscribed 100.07x.
| Admach Systems IPO | Mobilise App IPO | |
|---|---|---|
| QIB (times) | 1.55x | 49.16x |
| NII (times) | 7.40x | 175.72x |
| Big NII (times) | 9.21x | 195.13x |
| Small NII (times) | 3.76x | 136.89x |
| RII (times) | 3.77x | 96.52x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.13x | 100.07x |
