December 17, 2025
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Admach Systems IPO
Admach Systems Ltd. is launching a Book-Built SME IPO of Rs. 42.60 crore, entirely a fresh issue of 17,82,600 equity shares.
The IPO opens on December 23, 2025 and closes on December 26, 2025.
The allotment is expected on December 29, 2025, and the tentative listing on December 31, 2025, on BSE SME.
The price band is Rs. 227 to Rs. 239 per share.
The lot size is 600 shares.
As the minimum retail application requires 2 lots (1,200 shares), minimum retail investment is Rs. 2,86,800 at upper price.
Lead Manager: Aftertrade Broking Pvt. Ltd.
Registrar: Maashitla Securities Pvt. Ltd.
🕗 Last Update: 17 December 2025, 6.00 AM
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IPO Details
| Particulars | Details |
|---|---|
| IPO Dates | Dec 23, 2025 – Dec 26, 2025 |
| Listing | BSE SME |
| Face Value | Rs. 10 per share |
| Price Band | Rs. 227 to Rs. 239 |
| Lot Size | 600 shares |
| Issue Size | 17,82,600 shares (Rs. 42.60 Cr) |
| Fresh Issue | Entirely Fresh |
| Market Maker Portion | 89,400 shares (Rs. 2.14 Cr) |
| Net Offer to Public | 16,93,200 shares (Rs. 40.47 Cr) |
| Pre-Issue Shares | 49,90,200 |
| Post-Issue Shares | 67,72,800 |
| Market Cap (Pre-IPO) | Rs. 161.87 Cr |
IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Open | Tue, Dec 23, 2025 |
| IPO Close | Fri, Dec 26, 2025 |
| Allotment | Mon, Dec 29, 2025 |
| Refunds | Tue, Dec 30, 2025 |
| Shares in Demat | Tue, Dec 30, 2025 |
| Listing Date | Wed, Dec 31, 2025 |
| UPI Cut-off | 5 PM, Dec 26, 2025 |
Reservation Structure
| Investor Category | Shares |
|---|---|
| Market Maker | 89,400 (5.02%) |
| QIB | 5,92,200 (33.22%) |
| NII (HNI) | 3,80,400 (21.34%) |
| Retail | 7,20,600 (40.42%) |
| Total | 17,82,600 (100%) |
IPO Lot Size
| Category | Lots | Shares | Amount (Rs.) |
|---|---|---|---|
| Retail (Min–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 |
Company Financials (Rs. in Crore)
| Period | 30-Jun-25 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Assets | 60.22 | 55.90 | 35.78 | 19.79 |
| Total Income | 23.06 | 53.52 | 19.80 | 13.18 |
| PAT | 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 |
| Borrowings | 10.15 | 10.66 | 15.59 | 8.45 |
Growth Snapshot
Revenue increased by 170% and PAT rose by 82% in FY25 compared to FY24.
Key Performance Indicators (As of FY25)
| KPI | Value |
|---|---|
| ROE | 43.94% |
| ROCE | 44.00% |
| RoNW | 27.69% |
| PAT Margin | 11.43% |
| EBITDA Margin | 19.32% |
| Debt / Equity | 0.48 |
| P/BV | 5.41 |
| EPS (Pre / Post) | Rs. 12.22 / Rs. 17.82 |
| P/E (Pre / Post) | 19.56x / 13.41x |
About the Company
Incorporated in 2008, Admach Systems Ltd. is engaged in designing, manufacturing, exporting and supplying customised special purpose machines and automation systems for the Indian and global engineering industry. The company caters to sectors such as steel, automobile, food, tooling and other engineering industries.
The company specialises in special purpose machines, robotic material handling systems, automation solutions, assembly machines, packaging machines and product design. It operates with an annual production capacity of 100 units and achieved 100% capacity utilisation in FY25. The company’s manufacturing facility is located in Pune, Maharashtra.
Competitive Strengths
Experienced promoters supported by a strong execution team
Diversified customer base across industries
Strong quality control systems
Promoters
Ajay Chamanlal Longani, Rajni Ajay Longani, Mahesh Chamanlal Longani and Sonal Mahesh Longani
Company Contact
Admach Systems Ltd.
Lead Manager (Below Company Address):
Aftertrade Broking Pvt. Ltd.
Registrar
Maashitla Securities Pvt. Ltd.
📞 +91-11-45121795–96
✉️ ipo@maashitla.com
🌐 https://www.maashitla.com
Chanakya IPO Review (Short)
Admach Systems has demonstrated strong growth with FY25 revenue up 170% and PAT growth of 82%, supported by full capacity utilisation and rising demand for customised automation solutions. The company’s strong ROCE, improving margins and reasonable post-issue valuation of ~13.4x P/E provide comfort, while execution scalability remains a key monitorable.
Chanakya View: Suitable for medium-risk investors. Listing gains will depend on subscription response and overall SME market sentiment.
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Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
