Admach Systems was incorporated on February 29, 2008. The company designs and manufactures customized machines for the Indian and global engineering industries, serving sectors such as steel, automobile, food, tooling, and other engineering industries. It specializes in special purpose machines, automation, assembly and packaging systems, product design, and robotic material handling, with capabilities in manufacturing and exports
| Bidding Dates |
|---|
| 23 Dec 2025 - 26 Dec 2025 |
| Subscription |
|---|
| 3.95x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,72,400 | 2 | 2 | 600 | 1.8 M | ₹227 - ₹239 | 52.95 % | ₹404.7 M - ₹426.0 M | RHP DOC |
Admach Systems IPO SUBSCRIPTION STATUS
26 Dec '25Admach Systems IPO overall subscription rate was 3.95 times the total available shares
Admach Systems IPO retail subscription rate was 4.94 times in the retail segment
Admach Systems IPO non-institutional investor subscription rate was 12.3 times in the non-institutional investor category
Admach Systems IPO Qualified Institutional Bidder subscription rate was 0.75 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
26 Dec 2025 (Day 3) | 4.94x | 12.3x | 0.75x |
24 Dec 2025 (Day 2) | 1.18x | 2.97x | 0.7x |
23 Dec 2025 (Day 1) | 0.09x | 0.08x | 0x |
Admach Systems FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| Q1FY26 | 23.0 | 3.0 | 0.3 | 0.2 | 19.5% |
| FY25 | 53.4 | 6.1 | 0.5 | -3.4 | 19.3% |
| FY24 | 19.7 | 3.3 | -8.0 | -8.2 | 32.0% |
| FY23 | 13.1 | 0.1 | -2.2 | -2.6 | 7.6% |
Admach Systems IPO SUBSCRIPTION STATUS DETAILS
Admach Systems had 1.8 M shares on offer
Admach Systems IPO offer price was in the range ₹227 - ₹239
Admach Systems IPO minimum Investment was ₹272400
Admach Systems IPO issue size was ₹ 404.7 M - ₹ 426.0 M
Admach Systems had a minimum lot size of 600 Shares per application
Admach Systems NUMBER OF SHARES ON OFFER
Admach Systems IPO IMPORTANT DATES
| Issue Open Date | 23 Dec 2025 |
| Issue close Date | 26 Dec 2025 |
| Allotment Date | 29 Dec 2025 |
| Refund Date | 30 Dec 2025 |
| Demat Account Credit Date | 30 Dec 2025 |
| Listing Date | 31 Dec 2025 |
| Listing on Exchange(s) | BSE |
| Admach Systems Allotment Status | Exchange/ Registrar |
Admach Systems IPO subscription opened on 23 Dec 2025, and closed on 26 Dec 2025
IPO allotment for Admach Systems was finalized on Monday, 29 Dec 2025
IPO listing for Admach Systems was on BSE on Wednesday, 31 Dec 2025
Admach Systems IPO LISTING GAINS
| Issue Price (adjusted) | 239.0 |
| Listing Open Price | 191.2 |
| Listing Close Price | 200.8 |
| Listing Gain% | -20.0% |
| Current Gain% | 59.0% |
Admach Systems Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Admach Systems Ltd. | 380 | 257.4 | 25.7 | 0.4 | 3.7 | 14.2 | 11 | 69.8 | 30.5 | 10 | 64.2 | 14.8 | 64.2 |
| Cummins India Ltd. | 5426 | 150408.7 | 63.5 | 6 | 11.9 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4299 | 110074.4 | 84.3 | 1.2 | 16.4 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 36035 | 40593.8 | 77.7 | 6.4 | 8 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 463.7 | 12.2 |
| Kirloskar Oil Engines Ltd. | 2161.7 | 31457 | 57.6 | 3.7 | 4 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| Jyoti CNC Automation Ltd. | 784.3 | 17836.8 | 55.4 | -12.6 | 8.1 | 16.8 | 9.3 | 2153.6 | 17.5 | 336 | 6.3 | 14.1 | -4.4 |
Admach Systems INFORMATION ON IPO ISSUE
About Admach Systems
Admach Systems was incorporated on February 29, 2008. The company designs and manufactures customized machines for the Indian and global engineering industries, serving sectors such as steel, automobile, food, tooling, and other engineering industries. It specializes in special purpose machines, automation, assembly and packaging systems, product design, and robotic material handling, with capabilities in manufacturing and exports
Object of the Issue
- Funding of capital expenditure requirements of the company towards purchase of new machinery and installation cost thereon
- Funding working capital requirements of the company
- General corporate purposes
Admach Systems - PROMOTERS
| Name |
|---|
| Ajay Chamanlal Longani |
| Rajni Ajay Longani |
| Mahesh Chamanlal Longani |
| Sonal Mahesh Longani |
Admach Systems - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Ajay Chamanlal Longani | Managing Director |
| Rajni Ajay Longani | Executive Director |
| Mahesh Chamanlal Longani | Executive Director |
| Sonal Mahesh Longani | Non- Executive Director |
| Atul Ashok Dange | Independent Director |
| Abhishek Singh | Independent Director |
Admach Systems Book Running Lead Manager
Aftertrade Broking Private Limited
mb@aftertrade.in
Admach Systems Registrar to the issue
Maashitla Securities Private Limited
investor.ipo@maashitla.com
Admach Systems Strengths
Diversified customer base
The company sells its products in both domestic and international markets, supplying special purpose equipment to manufacturers in India and providing installation-supported exports overseas. It has established a global presence with exports to countries such as China, Italy, South Korea, Dubai, and Russia
Quality control
The company follows robust, multi-level quality control processes covering raw material procurement through final product inspection to ensure consistent product quality. Dedicated personnel monitor equipment performance and material standards, strengthening reliability and enhancing brand value
Manufacturing process
The company delivers customized Special Purpose Machines by closely understanding customer processes and aligning design, procurement, and manufacturing with quality standards. Through rigorous inspections, trials, and customer approvals, it ensures reliable performance and builds long-term client partnerships
Admach Systems Risks
Depend on logistics & transportation
The company relies on stable logistics and third-party transport providers for timely delivery of its products, and any disruption or increase in transportation costs could affect operations. It works with multiple transport partners to manage domestic and interstate deliveries, with transportation costs included in purchase orders to ensure smooth supply movement
Manpower intensive
The company’s operations are manpower-intensive and depend on the availability of skilled employees and workers. Any labour shortages, strikes, work stoppages, or increased wage demands could disrupt operations and negatively impact cash flows and financial performance
Competition
The company operates in a highly competitive market with both organized and unorganized players competing on price, quality, innovation, and service. Competitors with strong resources, established brands, and wide distribution networks may adversely impact its operations and financial performance
IPO FAQs
The promoters of the company are Ajay Chamanlal Longani, Rajni Ajay Longani, Mahesh Chamanlal Longani and Sonal Mahesh Longani.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 227.0 - 239.0.
The IPO application opens on Dec 23, 2025 and closes on Dec 26, 2025.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 272,400.0, the maximum value for this IPO is Rs 286,800.0.
This IPO will be allotted on Dec 29, 2025.
The refund will be credited to your account on Dec 30, 2025.
The allotted shares will be credited to your demat on Dec 30, 2025.
Admach Systems Ltd.’s shares listed on the stock exchanges on Dec 31, 2025.