Admach Systems IPO opens for subscription on December 23, 2025, and closes on December 26, 2025. The basis of allotment will be finalised on December 29, 2025, and the IPO is scheduled to list on BSE SME on December 31, 2025.
Admach Systems IPO is a bookbuilding issue of approximately ₹42.60 crore, entirely through a fresh issue. The face value of each equity share is ₹10. The IPO price band is fixed at ₹227 to ₹239 per share. The issue is divided among retail, QIB, and HNI investors as per SME norms.
Contents
Admach Systems IPO Key Highlights
| Particulars | Details |
|---|---|
| IPO Open Date | December 23, 2025 |
| IPO Close Date | December 26, 2025 |
| IPO Price Band | ₹227 to ₹239 per share |
| Issue Size | Approx ₹42.60 crore |
| Face Value | ₹10 per equity share |
| Issue Type | Bookbuilding Issue |
| Listing Platform | BSE SME |
| Allotment Date | December 29, 2025 |
| Listing Date | December 31, 2025 |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
Admach Systems IPO
Open: 23-26 Dec
Issue Size: ₹42.60 Cr.
Objective: Fund new machines, support working capital, and general corporate needs.
Exchange: BSE SME
Admach Systems IPO GMP Today
The GMP for Admach Systems SME IPO is still at a very early stage and remains flat as of the latest available data. The grey market premium is currently at ₹0, which indicates a neutral sentiment among grey market participants.
Since the IPO has just entered the GMP tracking phase, it is too soon to draw any strong conclusions about listing gains.
A zero GMP usually reflects a wait-and-watch approach by traders, with clarity expected closer to the IPO opening and subscription trends. Investors should track GMP movement along with demand data, as early GMP figures often change once broader market participation begins.
Admach Systems SME IPO Day-wise GMP Trend:
| Date | GMP | Estimated Listing Price | Expected Gain |
|---|---|---|---|
| 18-12-2025 | ₹0 (Up) | ₹239 | ₹0 |
| 17-12-2025 | ₹0 (Up) | ₹239 | ₹0 |
The table shows that the GMP has remained unchanged over both sessions, keeping the estimated listing price in line with the IPO price band and indicating no expected listing gain as of now.
Disclaimer: GMP is based on grey market news. We do not trade or recommend trading in the grey market or Subject to Sauda (sub2) rates.
Admach Systems IPO Review
Admach Systems operates in the automation and special-purpose machinery segment, which is seeing steady demand from manufacturing industries. The company has reported strong revenue and profit growth in FY2025 with full capacity utilisation.
Margins and return ratios are healthy, indicating operational efficiency. As an SME IPO with a high application amount, it is better suited for investors with a long-term outlook and moderate risk appetite.
Admach Systems IPO Lot Size and Investment Amount
| Application Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 1,200 | ₹2,86,800 |
| Retail Maximum | 2 | 1,200 | ₹2,86,800 |
| S-HNI Minimum | 3 | 1,800 | ₹4,30,200 |
| S-HNI Maximum | 6 | 3,600 | ₹8,60,400 |
| B-HNI Minimum | 7 | 4,200 | ₹10,03,800 |
Admach Systems IPO Reservation Details
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Market Maker | 89,400 | 5.02% |
| Anchor Investors | 3,36,000 | 18.85% |
| QIB (Ex-Anchor) | 2,56,200 | 14.37% |
| NII | 3,80,400 | 21.34% |
| Retail Investors | 7,20,600 | 40.42% |
- Also Read: MARC Technocrats IPO ( 17-19 Dec )
Admach Systems IPO Important Dates
| Event | Date |
|---|---|
| IPO Open Date | December 23, 2025 |
| IPO Close Date | December 26, 2025 |
| Basis of Allotment | December 29, 2025 |
| Refund Initiation | December 30, 2025 |
| Credit to Demat | December 30, 2025 |
| IPO Listing Date | December 31, 2025 |
| Bidding Cut-off Time | December 26, 2025 – 5 PM |
Promoters and Shareholding Pattern
The promoters of Admach Systems Limited are Ajay Chamanlal Longani, Rajni Ajay Longani, Mahesh Chamanlal Longani, and Sonal Mahesh Longani.
| Holding Details | Shares | Percentage |
|---|---|---|
| Pre-Issue Promoter Holding | 49,90,200 | 71.87% |
| Post-Issue Promoter Holding | 67,72,800 | 52.95% |
Objects of the Issue
The company intends to utilise the IPO proceeds mainly for business expansion and operational needs. Approximately ₹16.47 crore will be used for capital expenditure towards the purchase and installation of new machinery.
Around ₹15.50 crore will be deployed to meet working capital requirements, while the remaining funds will be used for general corporate purposes.
About Admach Systems Limited
Admach Systems Limited was incorporated in 2008 and is engaged in the design, manufacture, export, and supply of customised special-purpose machines and automation systems. The company serves sectors such as automobile, steel, food processing, tooling, and other engineering industries.
Its product portfolio includes robotic material handling systems, automation solutions, assembly machines, packaging machines, and complete product design services. The manufacturing facility is located in Pune, Maharashtra, with an annual capacity of 100 units, which was fully utilised in FY2025. The company focuses strongly on quality, innovation, and customer satisfaction.
Admach Systems Financial Performance (₹ in Crore)
| Financial Year | Revenue | Expenses | PAT | Assets |
|---|---|---|---|---|
| 2023 | 13.18 | 13.10 | 0.10 | 19.79 |
| 2024 | 19.80 | 15.33 | 3.35 | 35.78 |
| 2025 | 53.52 | 45.37 | 6.10 | 55.90 |
| June 2025 | 23.06 | 19.03 | 3.02 | 60.22 |
Admach Systems IPO Valuation – FY2025
| Valuation Metric | Value |
|---|---|
| ROE | 43.94% |
| ROCE | 44.00% |
| EBITDA Margin | 19.32% |
| PAT Margin | 11.43% |
| Debt to Equity Ratio | 0.48 |
| EPS (Basic) | ₹12.57 |
| P/E Ratio | N/A |
| RoNW | 27.69% |
| NAV | ₹44.14 |
Peer Comparison
| Company Name | EPS | PE Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Affordable Robotic & Automation Ltd | 5.32 | 41.72 | 5.38% | 98.97 | ₹160.47 Cr |
| Bemco Hydraulics Ltd | 42.09 | 2.52 | 15.00% | 313.90 | ₹82.77 Cr |
IPO Lead Manager
| Lead Manager | Name |
|---|---|
| Merchant Banker | Aftertrade Broking Pvt. Ltd. |
Company Address
| Details | Information |
|---|---|
| Company Name | Admach Systems Limited |
| Address | Survey No. 122, Village Nandoshi, Off Pune Sinhagad Road, Khadakwasla R.S. |
| City | Pune |
| Pincode | 411024 |
| State | Maharashtra, India |
| Phone | +91-7020909040 |
| admach@admach.co.in | |
| Website | https://www.admach.co.in |
IPO Registrar Details
| Registrar Name | Maashitla Securities Pvt. Ltd. |
|---|---|
| Phone | +91-11-45121795-96 |
| ipo@maashitla.com | |
| Website | https://maashitla.com/allotment-status/public-issues |
Admach Systems IPO FAQs
What is Admach Systems IPO?
Admach Systems IPO is an SME IPO aiming to raise ₹42.60 crore through a fresh issue. The IPO price band is ₹227 to ₹239 per share and it will be listed on BSE SME.
When will Admach Systems IPO open?
The IPO will open on December 23, 2025, and close on December 26, 2025.
What is the investor reservation in Admach Systems IPO?
QIBs have 50%, NIIs have 15%, and retail investors have 35% reservation.
How can I apply for Admach Systems IPO?
You can apply via ASBA using your bank account, through UPI via stock brokers, or by submitting an offline IPO application form.
What is the issue size of Admach Systems IPO?
The total issue size is ₹42.60 crore.
What is the lot size of Admach Systems IPO?
The minimum application is 1,200 shares requiring ₹2,86,800.
When is Admach Systems IPO allotment date?
The allotment date is December 29, 2025.
When will Admach Systems IPO list?
The IPO is expected to list on December 31, 2025, on the BSE SME platform.
Expert Comment
Admach Systems has delivered strong top-line growth and improving profitability, supported by full capacity utilisation and healthy return ratios. The automation and special-purpose machinery segment offers long-term growth potential.
However, the high minimum investment and SME listing risks should be considered. Long-term investors with a moderate risk profile may consider this IPO for portfolio diversification.
