Admach Systems Ltd.

ADMACHSME

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Overview

Admach Systems Limited designs, manufactures, and exports customized special purpose machines for the engineering industry, serving sectors like steel, automotive, and packaging. The company specializes in automation, assembly machines, product design, and robotic material handling systems, offering comprehensive after-sales support including maintenance and technical services for its products.

Opening Date

Dec 23, 2025

Closing Date

Dec 26, 2025

Listing Date

Dec 31, 2025

IPO Type

SME

IPO Status

Closed

Issue Size

42.6 Cr

Fresh Issue

42.6 Cr

Offer for Sale

0 Cr

Price Band

₹227 - ₹239

Lot Size

600

IPO Timeline

Dec 23, 2025

Open Date

Dec 26, 2025

Close Date

Dec 29, 2025

Allotment Date

Dec 30, 2025

Initiation of Refunds

Dec 31, 2025

Listing Date

Financials

Revenue

Profit After Tax (PAT)

IPO Objective

Our Company intends to utilize the Net Proceeds for the following objects:

•
Funding capital expenditure of ₹1,647.43 lakhs for purchasing new machinery, including a CNC Cutting Machine and a CNC Milling Machine, to enhance in-house processing capabilities, improve technological infrastructure, and cater to additional demand.
•
Funding working capital requirements of ₹1,550.00 lakhs to manage its intensive working capital cycle driven by long project durations, the need for advance raw material procurement, and extended credit periods for domestic and export customers.
•
Allocating the balance of the proceeds towards general corporate purposes to support business growth, meet operational expenses, and address unforeseen exigencies, subject to regulatory limits.

Key Performance Indicator

P/E Ratio

19.56

EPS

12.22

ROE

43.94%

ROCE

44%

RONW

27.69%

Debt to Equity Ratio

—

PAT Margin

11.43%

EBITDA Margin

19.32%

P/B

5.41

SWOT Analysis

Strengths

•
Experienced promoters and management team with over 20 years of experience in the machine tool industry.
•
Diversified domestic and international customer base, reducing dependency on a single market.
•
Strong focus on quality control with multi-level checks from raw material procurement to final product inspection.
•
In-house capabilities for designing and manufacturing customized, high-quality special purpose machines tailored to client needs.

Weaknesses

•
Heavy reliance on third-party suppliers for raw materials without long-term contracts, posing risks of price volatility and supply disruptions.
•
Working capital-intensive business model characterized by long project execution and payment realization cycles.
•
High revenue concentration from the steel industry, which accounted for over 88% of revenue in Fiscal 2025.
•
Lack of long-term contracts with customers, leading to uncertainty in future revenue streams.

Opportunities

•
Growing domestic steel demand in India, projected to increase by 9-10% in FY25, which is a key end-user market.
•
Expansion into new emerging markets driven by industrial growth in automotive, electronics, and consumer goods sectors.
•
Supportive government initiatives like 'Make in India' and Production-Linked Incentive (PLI) schemes for the engineering sector.
•
Increasing demand for automation and customized machinery to enhance manufacturing efficiency and precision across industries.

Threats

•
Volatility in the prices of key raw materials like steel, which can impact profit margins.
•
Global geopolitical tensions and trade policy uncertainties that could affect export business and supply chains.
•
Intense competition from both domestic and international players in the special purpose machines market.
•
Changes in government regulations, tax policies, or environmental laws that could increase compliance costs and affect operations.

Subscription Rate

Category	Shares Bid For	Shares Offered	Times Subscribed
Qualified Institutional Buyers	0.00	2.56 L	1.00x
Non-Institutional Investors	0.00	3.80 L	1.00x
Retail Individual Investors	0.00	7.21 L	1.00x
Employee	0.00	0.00	1.00x
Others	0.00	0.00	1.00x
Total	0.00	17.83 L	1.00x

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Frequently Asked Questions about Admach Systems Ltd.

The Admach Systems Ltd. IPO is scheduled to open for subscription on Dec 23, 2025 and close on Dec 26, 2025. Investors can apply for shares during this period through eligible platforms.

The price band for the Admach Systems Ltd. IPO is ₹227 to ₹239. Investors can place bids within this range once the issue opens.

The minimum lot size for the Admach Systems Ltd. IPO is 600 shares. The minimum investment amount ₹1,43,400.

The total issue size of the Admach Systems Ltd. IPO is approximately ₹42.60. Issue size represents the total value of shares offered to the public.

As per the latest available information, the Admach Systems Ltd. IPO has been subscribed data will be available once the issue opens. Subscription levels can change significantly during the offer period.

The Grey Market Premium (GMP) for the Admach Systems Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.

The shares of Admach Systems Ltd. are expected to list on stock exchanges on Dec 31, 2025, subject to completion of the allotment process and regulatory approvals.

The net proceeds from the Admach Systems Ltd. IPO are proposed to be used for Our Company intends to utilize the Net Proceeds for the following objects:, Funding capital expenditure of ₹1,647.43 lakhs for purchasing new machinery, including a CNC Cutting Machine and a CNC Milling Machine, to enhance in-house processing capabilities, improve technological infrastructure, and cater to additional demand., Funding working capital requirements of ₹1,550.00 lakhs to manage its intensive working capital cycle driven by long project durations, the need for advance raw material procurement, and extended credit periods for domestic and export customers., Allocating the balance of the proceeds towards general corporate purposes to support business growth, meet operational expenses, and address unforeseen exigencies, subject to regulatory limits.

Before applying for the Admach Systems Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.