Admach Systems IPO
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Admach Systems IPO details
Schedule of Admach Systems
| Issue open date | 23 Dec 2025 |
| Issue close date | 26 Dec 2025 |
| UPI mandate deadline | 26 Dec 2025 (5 PM) |
| Allotment finalization | 29 Dec 2025 |
| Refund initiation | 30 Dec 2025 |
| Share credit | 30 Dec 2025 |
| Listing date | 31 Dec 2025 |
| Mandate end date | 11 Jan 2026 |
| Lock-in end date for anchor investors (50%) | 28 Jan 2026 |
| Lock-in end date for anchor investors (remaining) | 28 Mar 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Admach Systems
Admach Systems Limited was incorporated in February 2008 and is headquartered in Pune, Maharashtra. The Company was originally established as a private limited entity and was converted into a public limited company in October 2024. It is promoted by Ajay Chamanlal Longani, Rajni Ajay Longani, Mahesh Chamanlal Longani and Sonal Mahesh Longani. The Company designs and manufactures customised machinery for the engineering industry. Its operations focus on special-purpose machines, automation and assembly systems, packaging machines, product design solutions and robotic material handling systems. Admach serves customers across steel, automobile, packaging and other industrial sectors in India, with selective export presence.
The business model is primarily order-driven and project-based, offering tailor-made solutions aligned with specific customer requirements. The Company also provides installation, maintenance, repair and technical support services, ensuring lifecycle support for its machines. Key strengths include in-house design and engineering capabilities, customisation expertise, long-standing promoter experience, and an integrated approach covering design, manufacturing and after-sales service.
Financials of Admach Systems
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Total issue size | 42.60 |
| Fresh Issue – Proceeds go to the company | 42.60 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Capital expenditure (machinery & installation) | 16.47 (38.66%) |
| Working capital requirement | 15.5 (36.38%) |
| General corporate purposes | 10.63 (24.95%) |
Strengths
- Strong promoter experience with long-standing presence in custom machinery manufacturing.
- In-house design and engineering capabilities enable high customisation.
- Diversified product portfolio across steel, automation, packaging, and testing equipment.
- Established customer base with repeat orders in core industrial sectors.
- End-to-end offerings, including after-sales service and technical support.
Risks
- High revenue dependence on the steel and allied engineering industries.
- Geographic concentration of revenues, primarily from Maharashtra and select states.
- Absence of long-term contracts with customers and suppliers.
- Business is exposed to delays and cost overruns in project-based execution.
- Regulatory, compliance, and operational risks inherent to capital goods manufacturing.
Allotment Status for Admach Systems
To check your IPO allotment status:
- Visit the Maashitla Securities IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Admach Systems
As per media reports (Link), the Grey Market Premium (GMP) of Admach Systems is reported at ₹0 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 05:00 PM on December 26, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 3.82 | 5.91 | 1.55x |
| NII | 3.80 | 28.12 | 7.4x |
| Retail | 7.21 | 27.13 | 3.76x |
| Total | 14.83 | 61.16 | 4.13x |