Admach Systems
December 23, 2025 – December 26, 2025
| Price | ₹227 - ₹239 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 600 |
| Issue size | ₹42.60 cr |
| Allotment | Dec 29, 2025 |
| Listing | Dec 31, 2025 |
Admach Systems Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 1200 | 286800 | 601 |
| sHNI | 3 | 1800 | 430200 | 70 |
| bHNI | 7 | 4200 | 1003800 | 141 |
Admach Systems Reservation
| Category | Shares Offered | % |
|---|---|---|
| Anchor | 336000 | 18.85% |
| QIB | 256200 | 14.37% |
| HNI | 380400 | 21.34% |
| INDIVIDUAL | 720600 | 40.42% |
| Market Maker | 89400 | 5.02% |
| Total | 1782600 | 100% |
Admach Systems About
IPO Details
| Total Issue Size | 17,82,600 shares (aggregating up to 42.60 Cr) |
| Fresh Issue Size | 17,82,600 shares (aggregating up to 42.60 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 49,90,200 shares |
| Share Holding Post Issue | 67,72,800 shares |
| Reserved for Market Maker | 89,400 shares (aggregating up to 2.14 Cr) |
| Market Maker | Aftertrade Broking & NNM Securities |
Key Performance Indicators
| KPI | Jun-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| ROE | 51.28% | 43.94% | 82.57% |
| ROCE | 68.49% | 44.00% | 68.59% |
| EPS (basic) | 6.05 | 12.57 | 7.45 |
| P/E Pre IPO | 19.56 | ||
| P/E Post IPO | 13.41 |
Financial Details In Crores
| Period Ended | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 60.22 | 55.9 | 35.78 | 19.79 |
| Total Income | 23.06 | 53.52 | 19.8 | 13.18 |
| Profit After Tax | 3.02 | 6.1 | 3.35 | 0.1 |
| EBITDA | 4.49 | 10.31 | 6.29 | 1 |
| 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 |
Company Overview
Incorporated in 2008, Admach Systems Limited designs, manufactures, exports, and supplies customised special purpose machines (SPMs) and automation systems for Indian and global engineering industries.
Caters to steel, automobile, food, tooling, and other engineering sectors with solutions spanning automation, robotics, assembly, and packaging.
Core offerings include SPMs, robotic material handling systems, automation & assembly machines, packaging machines, and product design services.
Operates at an annual production capacity of 100 units and achieved 100% capacity utilisation in FY 2024–25, indicating strong demand and operational efficiency.
Key product solutions include Black Bar Solutions, Bar Chamfering & Straightener Machines, Bright Bar Solutions, Grinding Solutions, and Super Finishing Solutions.
The company’s office and manufacturing facility are located in Pune, Maharashtra.
IPO proceeds will be used for capex towards new machinery and installation (₹16.47 cr), working capital requirements (₹15.50 cr), and general corporate purposes.
Strength
Experienced promoters and execution team – Strong technical and managerial expertise supports customised engineering delivery.
Diversified customer base – Serves multiple engineering industries, reducing reliance on a single client.
Strong quality focus – Robust quality checks enhance reliability and repeat orders.
Weakness
Industry concentration risk – Significant dependence on the steel and non-destructive testing equipment industry exposes the business to sector downturns.
Product concentration risk – High revenue share from steel machines, NDT equipment, and packaging machines makes performance sensitive to demand shifts.
Geographical concentration risk – Substantial revenue from Maharashtra increases exposure to regional disruptions.
Admach Systems Lead Manager(s)
Admach Systems Address
Survey No 122,
Village Nandoshi,
Off Pune Sinhagad Road, Khadakwasla R.S.,
Pune, Maharashtra, 411024
Phone: +91-7020909040
Email: admach@admach.co.in
Website: http://www.admach.co.in/
Admach Systems Registrar
Admach Systems Reviewers
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