Admach Systems came to market through an SME IPO that opened on 23 December 2025 and closed on 26 December 2025, and the shares listed on 31 December 2025 on BSE SME. The price band was ₹227 to ₹239 per share and one lot was 600 shares, so the minimum application was ₹1,43,400. The issue size was ₹42.6 crore. The whole issue was fresh shares, so the money raised went to the company.
Maashitla Securities Pvt.Ltd was the registrar to the issue, and Aftertrade Broking Pvt.Ltd was the lead manager.
As of 26 December 2025.
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Incorporated in 2008, Admach Systems Limited is engaged in designing, manufacturing, exporting, and supplying customized special purpose machines and automation systems for the engineering industry in India and abroad. The main stream of its business is focused on serving the steel, automobile, food, tooling, and other engineering sectors. The firm deals with specialized purpose machines, robotic material handling systems, automation, assembly machines, packaging machines, and product designs. The firm has a production capacity of 100 units per year.
The firm has achieved 100% capacity during FY 2024-25. Products: Black Bars Solutions - Handling and transporting raw iron black bars. Bar Chamfering Machine – Eliminates steel bar edge burrs to prevent machinery breakage or injury. Bar Straightener Machine - Deals with the straightness of alloy steel bars after the hot rolling operation. Bright Bar Solutions – Peeled and tested bars with ultrasonic inspection and packaging. Grinding Solutions - Single or double pass grinding, size and surface finish to maintain.
Super Finishing Solutions - Belt polishing processes for high-quality, specialized finishes. The office and production facility of the company is established in Pune, Maharashtra.
As described in the offer document.
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Ajay Chamanlal Longani, Rajni Ajay Longani, Mahesh Chamanlal Longani, Sonal Mahesh Longani. Promoter holding 71.87% before the issue and 52.95% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Admach Systems IPO was a ₹42.6 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹227–₹239 per share with a lot size of 600 shares; the minimum retail application was 1,200 shares (₹2,86,800). The IPO was open from December 23 to December 26, 2025 and was subscribed 4.19x. Shares listed on BSE SME on December 31, 2025 at ₹191.20, a 20.0% discount to the issue price of ₹239. Maashitla Securities Pvt. Ltd. is the registrar.
Aftertrade Broking Pvt. Ltd. is the book running lead manager.
The price band of Admach Systems IPO is ₹227 to ₹239 per share.
The lot size of Admach Systems IPO is 600 shares.
The minimum investment for Admach Systems IPO is approximately ₹2,86,800 based on the upper price band.
The allotment date of Admach Systems IPO is Dec 29, 2025.
You can check Admach Systems IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Admach Systems IPO allotment status on Rupix for quick and easy access.
₹227 to ₹239 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,43,400. After listing, SME shares also trade in lots rather than one share at a time.
₹1,43,400, for one lot of 600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 23 December 2025 and closed on 26 December 2025.
The basis of allotment was published on 29 December 2025 by Maashitla Securities Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 31 December 2025 on BSE SME.
The issue size was ₹42.6 crore. The fresh issue was 17,82,600 shares (aggregating up to ₹42.6 crore).