AS

Admach Systems

Book Building issueSMEBSE₹42.6 Cr issue
-20.00%
Listing gain over issue price
Issue size
₹42.6 Cr
1 lot at cut-off
₹1,43,400
Lot size
600shares
Open
23 Dec 2025
Close
26 Dec 2025
Allotment
29 Dec 2025
Listing
31 Dec 2025

Listing performance

Issue price
₹239
Listed at
₹191.2
Listing-day close
₹200.75
Latest price
₹284
Listing gain
-20.00%
Return since listing
+18.83%

Scheduled dates

Tentative timetable — a past date is not confirmation the step completed

  1. Open
    23 Dec 2025
  2. Close
    26 Dec 2025
  3. Allotment
    29 Dec 2025
  4. Refund
    30 Dec 2025
  5. Demat credit
    30 Dec 2025
  6. Listing
    31 Dec 2025

Grey market premium

Unofficial and indicative — not a forecast

₹11

3 observations recorded — too few to plot a trend.

Day-wise premium · 3 observations
DateGMP%SaudaEst. listingGain / lot
31 Dec 2025₹11+4.60%₹5,000₹250₹6,600
30 Dec 2025₹11+4.60%₹5,000₹250₹6,600
29 Dec 2025₹7+2.93%₹3,200₹246₹4,200

Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.

Issue details

IPO date
23 Dec 2025 – 26 Dec 2025
Listing date
31 Dec 2025
Face value
₹1 per share
Issue price
₹239 per share
Lot size
600 shares
Issue type
Book Building issue
Listing at
BSE
Total issue size
₹42.6 Cr
Market cap at offer price
₹162 Cr
Promoter holding
71.87% → 52.95% pre-issue → post-issue
ISIN
INE0XLO01010
Registrar
Maashitla Securities Pvt.Ltd.
Lead managers
Aftertrade Broking Pvt.Ltd.
Registered office
Survey No 122, Village Nandoshi, Off Pune Sinhagad Road, Khadakwasla R.S., Maharashtra

Reservation and application size

How the issue is split between investor categories, and what each may bid

Investor categoryShares% of net% of total
Anchor investor · within QIB2,10,600
Market maker 89,400

Application size

Minimum 600 shares per lot, in multiples, at ₹239

ApplicationLotsSharesAmount
Retail (min)1600₹1,43,400
S-HNI (min)21,200₹2,86,800
S-HNI (max)63,600₹8,60,400
B-HNI (min)74,200₹10,03,800

Category limits

CategoryBid sizeCut-off
Retail (RII)Up to ₹2 lakhYes
Small HNI (sNII)₹2 lakh – ₹10 lakhNo
Big HNI (bNII)Above ₹10 lakhNo
EmployeeUp to ₹5 lakhYes

Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.

Anchor investors

Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.

Shares allocated
2,10,600
Anchor portion
₹5.03 Cr
at ₹239 per share

Valuation and performance

Valuation at offer price

₹239 per share

MetricPre-issuePost-issue
EPS (₹)12.2217.82
P/E (×)19.5613.41
Price to book (×)5.41
Market cap₹162 Cr

Key performance indicators

Latest reported period

Return on net worth
27.69%
ROCE
44.00%
Debt / equity
0.48
PAT margin
11.43%
EBITDA margin
19.32%
NAV per share
₹44.14
Price to book
5.41

Single period as reported. Year-on-year movement is in the financials table below, where every period is published.

Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey Market Premium is unofficial, indicative data from unregulated grey-market dealers — it is not published by NSE, BSE, SEBI or the issuer, and is not a forecast of the listing price. Nothing here is investment advice or a recommendation; read the offer document and consult a SEBI-registered adviser before applying.