India's industrial automation sector continues to expand rapidly, with a CAGR of 12–15% through 2028. This is fuelled by Industry 4.0 adoption, manufacturing capex cycles, and government PLI schemes that are driving up demand for advanced control systems and machinery. Regional companies that leverage in-house engineering and perform operations efficiently have grown more prevalent as factory upgrades and export competitiveness rise. Admach Systems Pvt Ltd, an automation expert based in Hyderabad, is taking advantage of this momentum by opening its BSE SME IPO from December 23 to 26, 2025.
Admach Systems IPO Details:
Issue Management:
Aftertrade Broking Pvt Ltd acts as the sole book-running lead manager for Admach Systems SME IPO, handling underwriting and compliance.
Registrar Details:
Maashitla Securities Pvt Ltd. handles allotment, refunds, and demat credits—contact at +91-11-45121795-96 or ipo@maashitla.com.
Admach Systems IPO Allotment Status:
To check your IPO allotment status:
Visit the Maashitla Securities Pvt Ltd IPO Application Status page.
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Select and enter PAN, Application Number, DP/Client ID, or Account Number/IFSC.
Click Submit to view your allotment status.
Note: 50% of shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.
Action Links:
Open a demat account here to apply for the Admach Systems IPO
Admach Systems Subscription Status: Check live subscription here
Admach Systems GMP Update: Check latest grey market premium here
Admach Systems Pvt Ltd, which was founded in 2008 and is based in Pune, Maharashtra, makes and sells custom special-purpose machines, automation systems, robotic material handling solutions, assembly/packaging lines, and product engineering services. The company works in various fields in India and some international markets, including steel, automotive, food processing, tooling, and packaging. Its business model is based on orders and projects, and it provides full lifecycle support, including installation, maintenance, and repairs.
Its main strengths are its ability to design in-house, its annual capacity of 100 units (which will be entirely utilised in FY25), its expertise in customisation, and its 15+ years of experience leading the company, which allows it to offer customised solutions for industrial upgrades during India's Industry 4.0 push.
Admach Solutions Product Catalogue:
Black Bar Solutions: Systems made to move and handle raw iron black bars efficiently and quickly.
Bar Chamfering Machines: Machines that smooth out the sharp edges of steel bars to make them less likely to break, thus making the workplace more secure.
Bar Straightener Machines: Machines that fix the nicks and distortions that happen in alloy steel bars after they are hot rolled.
Bright Bar Solutions: Bars that have been peeled and examined for defects using ultrasonic testing, with the help of accurate packaging systems.
Grinding Solutions: Single-pass or multi-pass grinding systems that get precisely measured dimensions and enhanced surface quality.
Super Finishing Solutions: Advanced belt polishing processes enable the production of high-quality and specialised surface finishes.
Admach Systems SME IPO comprises a fresh issue of ₹42.60 Cr (17.82 lakh shares) aimed at scaling operations amid 170% revenue growth.
Admach Systems IPO proceeds will be deployed towards the following objectives:
Admach Systems SME IPO follows a non-standard structure with a 33.22% QIB quota, 50% NII, 50% retail, plus a market maker.
Admach Systems Pvt Ltd has a strong 18.85% anchor quota (336,000 shares), which indicates that bankers are confident in the market value of the company. Bidding starts on December 22, 2025 (before the IPO opens), and a lot of attention here often means that the listing premium will stay steady.
The lock-in structure (50% for 30 days to January 28, 2026; balance 90 days to March 28, 2026) keeps supply stable in the short term, which is very important for controlling SME volatility.
Takeaway: Watch the quality of the anchors after the allocation (expected on December 19). Well-known names and oversubscription of more than 2x usually boost retail momentum, but SME anchors have flipped after 30 days in weaker names.
Admach Systems demonstrates elite profitability with 43.94% ROE, 44.02% ROCE, 19.32% EBITDA margin, and 11.41% PAT margin (₹6.10 Cr on ₹53.52 Cr revenue). At the upper band (₹239), it trades at 13.41x post-IPO EPS (₹17.82) and 5.41x P/B.
The important risks and strengths of the Admach Systems IPO are mentioned below:
Strengths
Promoters with 15 years of experience in custom machinery, driving in-house design and engineering for high levels of customisation.
A diversified portfolio consisted of steel, automotive, packaging, and testing equipment, with repeat orders from long-term clients.
The company boasts comprehensive capabilities, including after-sales service, quality control, and support throughout the entire life cycle of the product.
Risks
The company heavily depends on the steel and engineering sectors for its income, making it susceptible to economic downturns.
A majority of the business is in Maharashtra, which makes it challenging to penetrate to larger markets.
The project-based model is susceptible to delays, cost overruns, and not having long-term contracts.
Admach Systems' SME IPO indicates revenue growth by 170% to ₹53.52 Cr, and its PAT grew by 82% to ₹6.10 Cr in FY25. It has a solid ROE/ROCE of 44% and EBITDA margins of 19%, and its P/E ratio is 13.4x (EPS ₹17.82). It comes with in-house design skills, a wide range of industrial experience (steel, auto, packaging), and end-to-end services that make it well-suited for Industry 4.0 demand. Additionally, it offers an 18.85% anchor quota and low debt (0.48x). However, due to the risks of delays and cost overruns in project-based execution, the cyclicality of the steel sector, the concentration of projects in Maharashtra, and the lack of long-term contracts, SMEs should exercise caution regarding the volatility and dilution of promoters' stakes (72%→53%). In comparison to competitors like Affordable Robotic (42x P/E), the valuation seems fair.
Admach Systems SME IPO leverages a strong custom automation play with elite profitability and diversified industrial exposure, but investors should note execution risks in a project-driven model. This analysis is for information only.
Action Links:
Open Demat Account: Apply IPO by opening the demat account here
Admach Systems Pvt Ltd Subscription Status: Check live subscription here
Admach Systems Pvt Ltd GMP Update: Check current grey market premium here
1. What is the lot size and minimum investment of the Admach Systems IPO?
Lot size: 600 shares; retail minimum: 2 lots (1,200 shares / ₹286,800 at upper band).
2. When is Admach Systems' IPO date?
The IPO is scheduled to open on 23 December 2025, close on 26 December 2025, allocate on 29 December, and list on 31 December on BSE SME.
3. What is Admach Systems Pvt Ltd share price?
The Admach Systems IPO price is ₹227–239 per share (face value ₹10).
4. What is the Admach Systems IPO GMP today?
GMP has not started yet (pre-open); expected from 22 Dec – currently ₹0, track for listing gain signals.
5. Where to verify Admach Systems IPO allotment status?
Check via Maashitla Securities Pvt Ltd. (PAN/Application No.) from 29 December 2025 onwards.
6. Is there a QIB/anchor portion in the Admach Systems SME IPO?
There is a QIB portion of about 33.22%, which consists of 18.85% anchor + 14.37% QIB ex-anchor, 21.34% NII, and 40.42% retail.
