Admach Systems IPO Details

SME

Admach Systems IPO opens for subscription on 23 Dec 2025 and closes on 26 Dec 2025. The IPO will be listed on BSE with the tentative listing date set for 31 Dec 2025.

Admach Systems IPO price band has been fixed at ₹227 – ₹239 per share.The face value is ₹10 per share with a lot size of 600.

Admach Systems IPO total issue size comprises 17,82,600 shares (aggregating up to ₹42.60 Cr.). This includes a fresh issue of 89,400 shares (aggregating up to ₹2.14 Cr.). Offer for Sale consists of 16,93,200 shares (aggregating up to ₹40.47 Cr.). Pre-issue shareholding stands at 49,90,200, which will increase to 67,72,800 post-issue.

Admach Systems IPO carries a ₹11 (4.6%) GMP, reflecting investor sentiment.

Admach Systems IPO Lot Size : Individual Minimum is 2 lots (1,200 shares) amounting to ₹286,800. Individual Maximum is 2 lots (1,200 shares) amounting to ₹286,800. SHNI Minimum is 3 lots (1,800 shares) amounting to ₹430,200. SHNI Maximum is 6 lots (3,600 shares) amounting to ₹860,400. BHNI Minimum is 7 lots (4,200 shares) amounting to ₹1,003,800.

The Lead Managers for Admach Systems IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Aftertrade Broking Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is NNM Securities Pvt Ltd, Aftertrade Broking. You can analyze their track record by checking the Market Maker Performance Summary report.

For detailed information, Refer to the Admach Systems Limited RHP.

Admach Systems IPO Details

Listing Price : ₹191.2 at a Discount of 20%

Open Date

23 Dec 2025

Close Date

26 Dec 2025

Listing Date

31 Dec 2025

Issue Price

₹227 - ₹239

Face Value

₹10 per share

Lot Size

600

GMP

₹11 (4.6%)

Issue Type

IPO

Listing On

BSE

Type

Book Built Issue

Share holding pre issue

4990200

Share holding post issue

6772800

Total Issue Size

17,82,600 shares (aggregating up to ₹42.60 Cr.)

Fresh Issue

89,400 shares (aggregating up to ₹2.14 Cr.)

Offer for Sale

16,93,200 shares (aggregating up to ₹40.47 Cr.)

Admach Systems IPO Subscription

Admach Systems IPO Application Wise Breakup

Admach Systems IPO Dates

23 Dec 2025
Opening dateOpen
26 Dec 2025
Closing dateClose
29 Dec 2025
Allotment Date Allotment
30 Dec 2025
Initiation of RefundsRefund
30 Dec 2025
Credit of SharesCredit
31 Dec 2025
Listing dateListing

Admach Systems IPO Lot Size

Application	Lots	Shares	Amount
Individual Minimum	2	1200	₹286,800
Individual Maximum	2	1200	₹286,800
SHNI Minimum	3	1800	₹430,200
SHNI Maximum	6	3600	₹860,400
BHNI Minimum	7	4200	₹1,003,800

Admach Systems IPO Reservation

Promoter Holding

Pre Issue:71.87%

Post Issue:52.95%

Promoter Names:

Ajay Chamanlal Longani, Rajni Ajay Longani, Mahesh Chamanlal Longani, Sonal Mahesh Longani

Documents

› Admach Systems IPO DRHP

› Admach Systems IPO RHP

› Anchor Investors in Admach Systems IPO

› Admach Systems IPO BOA

Admach Systems IPO Valuations

ROE:43.94%

ROCE:44.00%

DEBT/EQUITY:0.48

RONW:27.69%

PAT MARGIN:11.43%

PRICE TO BOOK VALUE:5.41

P/E Pre IPO:19.56

P/E Post IPO:13.41

Admach Systems Financial Information

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

About Admach Systems IPO

Incorporated in 2008, Admach Systems Limited is engaged in the design, manufacturing, export, and supply of customised special purpose machines (SPMs) and industrial automation systems for the Indian and global engineering industries. The Company caters to a diversified customer base across sectors such as steel, automobile, food processing, tooling, and other engineering industries.

The Company specializes in the development of automation solutions, including special purpose machines, robotic material handling systems, assembly machines, packaging machines, and customised product design solutions. Its engineering-driven approach enables it to deliver tailor-made machinery aligned with specific client requirements and operational efficiency goals.

Admach Systems operates with an annual production capacity of 100 units and achieved 100% capacity utilisation in FY 2024–25, reflecting strong demand, operational efficiency, and consistent growth.

Product Portfolio

Black Bar Solutions – Systems for efficient handling and transportation of raw iron black bars
Bar Chamfering Machines – Machines designed to smooth steel bar edges to prevent damage and injuries
Bar Straightener Machines – Equipment to correct straightness of alloy steel bars post hot rolling
Bright Bar Solutions – Peeled and defect-tested bars with ultrasonic testing and precision packaging
Grinding Solutions – One-pass or two-pass grinding solutions for dimensional accuracy and surface finish
Super Finishing Solutions – Advanced belt polishing systems for high-quality and specialised finishes

The Company’s office and manufacturing facility are located in Pune, Maharashtra, enabling efficient production, quality control, and client servicing.

Strength Of Admach Systems IPO

Multi-product capability.
Established infrastructure and integrated production with cost efficiencies.
Core Focus on consistent R&D, value engineering and to leverage complex technology.
Focus on Quality, Environment, Health and Safety.
Experienced Promoters and management team.
Long standing relationships with diversified customers across geographies.

Risk Of Admach Systems IPO

The company business is dependent on the performance of Steel and Non-Destructive Testing equipment industry with a large portion of revenue being derived from it. Any downturn in these industries can adversely impact its business, results of operations, cash flow and financial condition of the Company.
The company are significantly dependent on the sale of its products namely, Steel Machines, Non-destructive testing equipment and Packaging machine. The company aggregate revenue from sale of Steel Machines accounted for 76.11%,88.48%, 55.13% and 33.66% of its revenue from operations for the period ended June 30,2025 and Fiscal 2025, 2024 and 2023 respectively. Failure to anticipate and adapt to changing consumer preferences or maintain product quality could harm demand for the company products, weaken brand loyalty, and negatively affect its business, financial results, and cash flow.
The company derive its revenue from the domestic market and substantial portion of revenue from the region of Maharashtra. Any adverse developments affecting the company operations in this region, could have an adverse impact on its business, financial condition, results of operations and cash flows.
The company does not have long-term agreements with most of its suppliers. Further, the company inability to accurately forecast demand for its products or manage the company inventory or working capital requirements may have an adverse effect on its business, results of operations and financial condition.
The company manufacturing facility is located on property acquired pursuant to the Agreement of Assignment of Business dated November 30, 2009, and the ownership details in the revenue records have not yet been updated in the Company's name; failure to complete such recordal procedure may adversely affect its business, results of operations, financial condition, and cash flows.
The Company is yet to place orders for 100% of the machineries for its proposed object, as specified in the Objects of the Issue. Any delay in placing orders, procurement of machineries may delay its implementation schedule and may also lead to increase in price of these machineries, further affecting the company revenue and profitability.
The company Promoters have provided personal guarantees for the borrowings obtained by its Company and any failure or default by the Company to repay this loan could trigger repayment obligations on its Promoters which may impact their ability to effectively service their obligations and thereby, adversely impact the company business and operations.
There are certain discrepancies/errors/delay filings noticed in some of the company corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate or any other law could impact the financial position of the Company to that extent.
The company top ten customers contribute majority of its revenues from operations. Any loss of business from one or more of them may adversely affect the company revenues and profitability. Further, its does not have any long-term commitments from customers and any failure to continue the company existing arrangements could adversely affect its business and results of operations. The substantial portion of the company revenue is currently significantly dependent on its top ten customers. Any loss of business from one or more of them may adversely affect the company revenues and profitability.
The company require several approvals, licenses, registrations, and permits to operate its business and must comply with various rules, regulations, and conditions. Failure to obtain, retain, or renew such approvals, licenses, and permits in a timely manner, or to comply with the requisite rules and regulations, may adversely affect the company business, results of operations, financial condition, and cash flows.