Bookbuilding IPO | ₹43 Cr | Listed at BSE SME | Tue, Dec 23, 2025 - Fri, Dec 26, 2025
Admach Systems IPO is a book build issue of ₹42.60 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹42.60 crore.
Admach Systems IPO bidding started from Dec 23, 2025 and ended on Dec 26, 2025. The allotment for Admach Systems IPO was finalized on Dec 29, 2025. The shares got listed on BSE SME on Dec 31, 2025.
Admach Systems IPO price band is set at ₹239 per share. The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹2,86,800 (1,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (1,800 shares), amounting to ₹4,30,200.
Aftertrade Broking Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company areNNM Securities Pvt.Ltd., Aftertrade Broking Pvt.Ltd..
Refer to Admach Systems IPO RHP for detailed Information.
IPO Open
Tue, Dec 23, 2025
IPO Close
Fri, Dec 26, 2025
Issue Price
₹239 per share
Market Cap (Pre-IPO)
₹161.87 Cr
| IPO Date | 23 to 26 Dec, 2025 |
| Listed on | Wed, Dec 31, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹227 to ₹239 |
| Issue Price | ₹239 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 17,82,600 shares (agg. up to ₹43 Cr) |
| Reserved for Market Maker | 89,400 shares Aftertrade Broking Pvt.Ltd. (agg. up to ₹2 Cr) NNM Securities Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 16,93,200 shares (agg. up to ₹40 Cr) |
| Net Offered to Public | 16,93,200 shares (agg. up to ₹40 Cr) |
| Share Holding Pre Issue | 49,90,200 shares |
| Share Holding Post Issue | 67,72,800 shares |
| BSE Script Code | 544669 |
| ISIN | INE0XLO01010 |
Admach Systems IPO comprises a total issue size of 17,82,600 shares. The net offer to the public is 16,93,200 shares, after excluding 89,400 shares allotted on a firm basis. Of the Net offer 5,92,200 (34.98%) are allocated to QIB, 3,79,800 (22.43%) allocated to NII 7,21,200 (42.59%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 5,92,200 | 34.98% | 33.22% |
| − Anchor Investor Shares Offered | 2,10,600 | 11.81% | |
| − QIB (Ex. Anchor) Shares Offered | 3,81,600 | 21.41% | |
| NII (HNI) Shares Offered | 3,79,800 | 22.43% | 21.31% |
| − bNII > ₹10L | 2,53,800 | 14.24% | |
| − sNII < ₹10L | 1,26,000 | 7.07% | |
| Retail Shares Offered | 7,21,200 | 42.59% | 40.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 89,400 | 5.02% | |
| Total Shares Offered | 17,82,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,200 | ₹2,86,800 |
| Individual investors (Retail) (Max) | 2 | 1,200 | ₹2,86,800 |
| S-HNI (Min) | 3 | 1,800 | ₹4,30,200 |
| S-HNI (Max) | 6 | 3,600 | ₹8,60,400 |
| B-HNI (Min) | 7 | 4,200 | ₹10,03,800 |
Admach Systems IPO raises ₹5.03 crore from anchor investors. Admach Systems IPO Anchor bid date is December 22, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Dec 22, 2025 |
| Shares Offered | 2,10,600 |
| Anchor Portion (₹ Cr.) | 5.03 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jan 30, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Mar 31, 2026 |
Incorporated in 2008, Admach Systems Limited is engaged in designing, manufacturing, exporting, and supplying customised special purpose machines and automation systems for the Indian and global engineering industry. Its offerings primarily cater to the steel, automobile, food, tooling, and other engineering industries.
The company specializes in special purpose machines, robotic material handling systems, automation, assembly machines, packaging machines, and product design. It operates at a production capacity of 100 units annually and achieved 100% capacity utilization in FY 2024–25, reflecting consistent growth in demand and efficiency.
Products:
The company has its office and manufacturing plant in Pune, Maharashtra.
Competitive Strengths:
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.
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 60.22 | 55.90 | 35.78 | 19.79 |
| Total Income | 23.06 | 53.52 | 19.80 | 13.18 |
| Profit After Tax | 3.02 | 6.10 | 3.35 | 0.10 |
| EBITDA | 4.49 | 10.31 | 6.29 | 1.00 |
| NET Worth | 25.04 | 22.03 | 5.73 | 2.38 |
| Reserves and Surplus | 20.05 | 17.04 | 3.73 | 1.13 |
| Total Borrowing | 10.15 | 10.66 | 15.59 | 8.45 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of our Company towards purchase of new machinery and installation cost thereon | 16.47 |
| 2 | Funding Working Capital Requirements of our Company | 15.50 |
| 3 | General corporate purposes | 6.38 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 43.94% |
| ROCE | 44.00% |
| Debt/Equity | 0.48 |
| RoNW | 27.69% |
| PAT Margin | 11.43% |
| EBITDA Margin | 19.32% |
| Price to Book Value | 5.41 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 12.22 | 17.82 |
| P/E (x) | 19.56 | 13.41 |
| Promoter Holding | 71.87% | 52.95% |
| Market Cap | ₹161.87 Cr. |
The Admach Systems IPO is subscribed 4.13 times on December 26, 2025 6:19:33 PM (Day 3). The public issue subscribed 3.77 times in the individual investors category, 1.55 times in the QIB category, and 7.40 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.55 | 3,81,600 | 5,91,000 | 0 |
| NII* | 7.40 | 3,79,800 | 28,11,600 | 0 |
| bNII (bids above ₹10L) | 9.21 | 2,53,800 | 23,37,600 | |
| sNII (bids below ₹10L) | 3.76 | 1,26,000 | 4,74,000 | |
| Individual Investor | 3.77 | 7,21,200 | 27,16,800 | 0 |
| Total | 4.13 | 14,82,600 | 61,19,400 | 3,038 |
Total Application : 3,038
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission) | 2.48 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Issue, Brokerage, Market Maker, underwriting commission and selling commission and bidding/uploading charges for members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.11 |
| 3 | Fees payable to the Registrar to the Issue | 0.05 |
| 4 | Fees Payable to Regulators including Stock Exchange | 0.02 |
| 5 | Printing and stationery expenses | 0.03 |
| 6 | Advertising and marketing expenses | 1.30 |
| 7 | Fees payable to legal counsels | 0.15 |
| 8 | Fees payable to third party independent professional | |
| 9 | Miscellaneous (comprising fees payable to additional intermediaries, Statutory Auditor, chartered accountant(s), company secretary, Industry Expert, insurance, VDR Agency, Bank charges, Stamp Duty, Listing ceremony) | 0.12 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹239.00 |
| Open | ₹191.20 |
| Low | ₹191.20 |
| High | ₹200.75 |
| Last Trade | ₹200.75 |
Lead Manager Reports
Admach Systems IPO is a SME IPO of 17,82,600 equity shares of the face value of ₹10 aggregating up to ₹43 Crores. The issue is priced at ₹239 per share. The minimum order quantity is 600.
The IPO opens on Tue, Dec 23, 2025, and closes on Fri, Dec 26, 2025.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Admach Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Admach Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Admach Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Admach Systems IPO opens on Tue, Dec 23, 2025 and closes on Fri, Dec 26, 2025.
Admach Systems IPO lot size is 600, and the minimum amount required for application is ₹2,86,800, with 2 lots being the minimum application size.
You can apply in Admach Systems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Admach Systems IPO will be done on Monday, December 29, 2025, and the allotted shares will be credited to your demat account by Tue, Dec 30, 2025. Check the Admach Systems IPO allotment status.
The Admach Systems IPO listing date is on Wed, Dec 31, 2025.
