Comparison between Admach Systems IPO and Sihora Industries IPO.
Admach Systems IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sihora Industries IPO is a SME Fixed Price proposed to list at BSE SME.
| Admach Systems IPO | Sihora Industries IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Aftertrade Broking Pvt.Ltd. | Sobhagya Capital Options Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Aftertrade Broking Pvt.Ltd. | Aftertrade Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| 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 Sihora Industries IPO is up to ₹10.03 Cr. The final issue price of Admach Systems IPO is ₹239.00 per share and of Sihora Industries IPO is ₹66.00 per share.
| Admach Systems IPO | Sihora Industries IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹227.00 per share | |
| Issue Price (Upper) | ₹239.00 per share | |
| Issue Price (Final) | ₹239.00 per share | ₹66.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 600 shares | 2000 shares |
| Fresh Issue Size | 16,93,200 shares | 15,20,000 shares |
| Fresh Issue Size (Amount) | up to ₹40.47 Cr | up to ₹10.03 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 | 15,20,000 shares |
| Issue Size Total (Amount) | up to ₹40.47 Cr | up to ₹10.03 Cr |
Admach Systems IPO opens on Dec 23, 2025, while Sihora Industries IPO opens on Oct 10, 2025. The closing date of Admach Systems IPO and Sihora Industries IPO is Dec 26, 2025, and Oct 14, 2025, respectively.
| Admach Systems IPO | Sihora Industries IPO | |
|---|---|---|
| Anchor Bid Date | Dec 22, 2025 | |
| Issue Open | Dec 23, 2025 | Oct 10, 2025 |
| Issue Close | Dec 26, 2025 | Oct 14, 2025 |
| Basis Of Allotment (Tentative) | Dec 29, 2025 | Oct 15, 2025 |
| Initiation of Refunds (Tentative) | Dec 30, 2025 | Oct 16, 2025 |
| Credit of Share (Tentative) | Dec 30, 2025 | Oct 16, 2025 |
| Listing date (Tentative) | Dec 31, 2025 | Oct 17, 2025 |
| Anchor Lockin End date 1 | Jan 30, 2026 | |
| Anchor Lockin End date 2 | Mar 31, 2026 |
Admach Systems IPO P/E ratio is 19.56, as compared to Sihora Industries IPO P/E ratio of 13.14.
| Admach Systems IPO | Sihora Industries 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)Sihora Industries Ltd.'s revenue increased by 30% and profit after tax (PAT) rose by 214% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 71.87 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 52.95 | 69.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 19.56 | 13.14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹161.87 Cr. | ₹35.16 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.94 | 35.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 44.00 | 31.93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.48 | 0.98 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹12.22 | ₹5.02 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 27.69 | 35.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Admach Systems IPO Retail Individual Investors (RII) are offered 7,21,200 shares while in Sihora Industries IPO retail investors are offered 7,21,200 shares. Qualified Institutional Buyers (QIB) are offered 3,81,600 shares in Admach Systems IPO and 0 shares in Sihora Industries IPO.
| Admach Systems IPO | Sihora Industries IPO | |
|---|---|---|
| Anchor Investor Reservation | 2,10,600 shares | 0 shares |
| Market Maker Reservation | 89,400 shares | 80,000 shares |
| QIB | 3,81,600 shares | 0 shares |
| NII | 3,79,800 shares | 7,60,000 shares |
| RII | 7,21,200 shares | 7,60,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 16,93,200 shares | 15,20,000 shares |
Admach Systems IPO subscribed 4.13x in total, whereas Sihora Industries IPO subscribed 1.27x.
| Admach Systems IPO | Sihora Industries IPO | |
|---|---|---|
| QIB (times) | 1.55x | |
| NII (times) | 7.40x | 1.18x |
| Big NII (times) | 9.21x | |
| Small NII (times) | 3.76x | |
| RII (times) | 3.77x | 1.37x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.13x | 1.27x |
