Admach Systems IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 23 to Dec 26 2025
Price Band
₹227 - 239
Current GMP
₹191.2(-20%)
Subscription
4.13 times
IPO Details
| 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 |
| 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 (agg. up to ₹ 2 Cr) Aftertrade Broking Pvt.Ltd. NNM Securities Pvt.Ltd. |
| 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 |
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
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 (agg. up to ₹ 2 Cr) Aftertrade Broking Pvt.Ltd. NNM Securities Pvt.Ltd.
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
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 1.55 |
| Non-Institutional Buyers*** | 7.40 |
| bNII (bids above ₹10L) | 9.21 |
| sNII (bids below ₹10L) | 3.76 |
| Individual Investors | 3.76 |
| Total ** | 4.13 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
1.55
Non-Institutional Buyers***
7.40
bNII (bids above ₹10L)
9.21
sNII (bids below ₹10L)
3.76
Individual Investors
3.76
Total **
4.13
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Dec 2 3, 2025 (Day 1) | 0.00 | 0.05 | 0.05 | 0.04 | 0.07 | 0.05 |
| Dec 2 4, 2025 (Day 2) | 1.44 | 1.61 | 1.96 | 0.91 | 0.90 | 1.22 |
| Dec 2 6, 2025 (Day 3) | 1.55 | 7.40 | 9.21 | 3.76 | 3.76 | 4.13 |
DayDec 2
3, 2025 (Day 1)
QIB (Ex Anchor)0.00
NII*0.05
NII (> ₹10L)0.05
NII (< ₹10L)0.04
Individual Investors0.07
Total0.05
DayDec 2
4, 2025 (Day 2)
QIB (Ex Anchor)1.44
NII*1.61
NII (> ₹10L)1.96
NII (< ₹10L)0.91
Individual Investors0.90
Total1.22
DayDec 2
6, 2025 (Day 3)
QIB (Ex Anchor)1.55
NII*7.40
NII (> ₹10L)9.21
NII (< ₹10L)3.76
Individual Investors3.76
Total4.13
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 31-12-2025 | 239.00 | 11(4.60%) | 250 |
| 30-12-2025 | 239.00 | 11(4.60%) | 250 |
| 29-12-2025 | 239.00 | 7(2.93%) | 246 |
| 28-12-2025 | 239.00 | 6(2.51%) | 245 |
| 27-12-2025 | 239.00 | 4(1.67%) | 243 |
| 26-12-2025 | 239.00 | 0(0.00%) | 239 |
| 25-12-2025 | 239.00 | 5(2.09%) | 244 |
| 24-12-2025 | 239.00 | 0(0.00%) | 239 |
| 23-12-2025 | 239.00 | 0(0.00%) | 239 |
| 22-12-2025 | 239.00 | 0(0.00%) | 239 |
| 21-12-2025 | 239.00 | 0(0.00%) | 239 |
| 20-12-2025 | 239.00 | 0(0.00%) | 239 |
| 19-12-2025 | 239.00 | 0(0.00%) | 239 |
| 18-12-2025 | 239.00 | 0(0.00%) | 239 |
| 17-12-2025 | 239.00 | 0(0.00%) | 239 |
Date31-12-2025
Price239.00
GMP11(4.60%)
Estimate List Price250
Date30-12-2025
Price239.00
GMP11(4.60%)
Estimate List Price250
Date29-12-2025
Price239.00
GMP7(2.93%)
Estimate List Price246
Date28-12-2025
Price239.00
GMP6(2.51%)
Estimate List Price245
Date27-12-2025
Price239.00
GMP4(1.67%)
Estimate List Price243
Date26-12-2025
Price239.00
GMP0(0.00%)
Estimate List Price239
Date25-12-2025
Price239.00
GMP5(2.09%)
Estimate List Price244
Date24-12-2025
Price239.00
GMP0(0.00%)
Estimate List Price239
Date23-12-2025
Price239.00
GMP0(0.00%)
Estimate List Price239
Date22-12-2025
Price239.00
GMP0(0.00%)
Estimate List Price239
Date21-12-2025
Price239.00
GMP0(0.00%)
Estimate List Price239
Date20-12-2025
Price239.00
GMP0(0.00%)
Estimate List Price239
Date19-12-2025
Price239.00
GMP0(0.00%)
Estimate List Price239
Date18-12-2025
Price239.00
GMP0(0.00%)
Estimate List Price239
Date17-12-2025
Price239.00
GMP0(0.00%)
Estimate List Price239
IPO Important Dates
| IPO Open | Tue, Dec 23, 2025 |
| IPO Close | Fri, Dec 26, 2025 |
| Allotment | Mon, Dec 29, 2025 |
| Refund | Tue, Dec 30, 2025 |
| Credit of Shares | Tue, Dec 30, 2025 |
| Listing | Wed, Dec 31, 2025 |
IPO Open
Tue, Dec 23, 2025
IPO Close
Fri, Dec 26, 2025
Allotment
Mon, Dec 29, 2025
Refund
Tue, Dec 30, 2025
Credit of Shares
Tue, Dec 30, 2025
Listing
Wed, Dec 31, 2025
IPO Lot Size
| 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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares1,200
Amount₹2,86,800
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares1,200
Amount₹2,86,800
ApplicationS-HNI (Min)
Lots3
Shares1,800
Amount₹4,30,200
ApplicationS-HNI (Max)
Lots6
Shares3,600
Amount₹8,60,400
ApplicationB-HNI (Min)
Lots7
Shares4,200
Amount₹10,03,800
Key Performance Indicator
| 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 |
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
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Admach Systems Ltd. | 12.57 | 12.57 | 44.14 | 27.69 | ||
| Affordable Robotic & Automation Ltd | 5.32 | 5.32 | 98.97 | 41.72 | 5.38 | 2.26 |
| Bemco Hydraulics Ltd | 42.09 | 42.09 | 313.90 | 2.52 | 15.00 | 0.34 |
Company NameAdmach Systems Ltd.
EPS (Basic)12.57
EPS (Diluted)12.57
NAV (per share) (Rs)44.14
P/E (x)
RoNW (%)27.69
P/BV Ratio
Company NameAffordable Robotic & Automation Ltd
EPS (Basic)5.32
EPS (Diluted)5.32
NAV (per share) (Rs)98.97
P/E (x)41.72
RoNW (%)5.38
P/BV Ratio2.26
Company NameBemco Hydraulics Ltd
EPS (Basic)42.09
EPS (Diluted)42.09
NAV (per share) (Rs)313.90
P/E (x)2.52
RoNW (%)15.00
P/BV Ratio0.34
IPO Reservation
| Market Maker Shares Offered | 89,400 (5.02%) |
| QIB Shares Offered | 5,92,200 (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 (21.31%) |
| − bNII > ₹10L | 2,53,800 (14.24%) |
| − sNII < ₹10L | 1,26,000 (7.07%) |
| Retail Shares Offered | 7,21,200 (40.46%) |
| Total Shares Offered | 17,82,600 (100.00%) |
Market Maker Shares Offered
89,400 (5.02%)
QIB Shares Offered
5,92,200 (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 (21.31%)
− bNII > ₹10L
2,53,800 (14.24%)
− sNII < ₹10L
1,26,000 (7.07%)
Retail Shares Offered
7,21,200 (40.46%)
Total Shares Offered
17,82,600 (100.00%)
Information about company
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:
Objectives of IPO
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
Disclaimer
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