Admach Systems Limited is engaged in the designing, manufacturing, exporting, and supplying of customised Special Purpose Machines (SPMs) and automation systems for the Indian as well as global engineering industry.
The company caters to a wide range of industries, including steel, automobile, food processing, tooling, and other engineering sectors, offering application-specific and tailor-made solutions.
The company specializes in SPMs, robotic material handling systems, industrial automation solutions, assembly machines, packaging machines, and product design services. Its business model focuses on providing end-to-end automation solutions, from concept and engineering to manufacturing, installation, and commissioning.
Admach Systems operates with an installed production capacity of approximately 100 machines per annum. In FY 2024–25, the company achieved 100% capacity utilisation, indicating strong order inflows, efficient operations, and consistent demand for its customised engineering solutions.
Key Product & Solution Portfolio includes:
- Black Bar Solutions: Systems for efficient handling and transportation of raw iron black bars.
- Bar Chamfering Machines: Machines designed to smooth steel bar edges, reducing equipment wear and workplace injury risks.
- Bar Straightener Machines: Equipment ensuring straightness of alloy steel bars post hot rolling.
- Bright Bar Solutions: Peeled and defect-tested bars using ultrasonic testing, along with precise handling and packaging systems.
- Grinding Solutions: One-pass or two-pass grinding systems to maintain dimensional accuracy and surface finish.
- Super Finishing Solutions: Advanced belt polishing systems for high-quality and specialised surface finishes.
The company’s office and manufacturing facility are located in Pune, Maharashtra, enabling efficient execution of domestic and export orders.
Admach Systems IPO – Details
| IPO Opening Date | 23 December 2025 |
| IPO Closing Date | 26 December 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 17,82,600 Shares Worth ₹42.60 Crore Fresh Issue: 17,82,600 Shares Worth ₹42.60 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹227 – ₹239 per share |
| Market Lot | 600 Shares |
| Min Order | 600 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Maashitla Securities Pvt.Ltd. |
| QIB Shares Offered | 35.00% |
| NII Shares Offered | 22.50% |
| Retail Shares Offered | 42.50% |
Admach Systems IPO – Date Schedule
| IPO Open Date | 23 December 2025 |
| IPO Close Date | 26 December 2025 |
| Basis of Allotment | 29 December 2025 |
| Initiation of Refund | 30 December 2025 |
| Credit of Shares to Demat | 30 December 2025 |
| IPO Listing Date | 31 December 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 26, 2025 |
Admach Systems IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | ₹2,86,800 |
| Retail (Max) | 2 | 1,200 | ₹2,86,800 |
| S-HNI (Min) | 3 | 1,800 | ₹4,30,200 |
| S-HNI (Max) | 6 | 3,600 | ₹8,60,400 |
| B-HNI (Min) | 7 | 4,200 | ₹10,03,800 |
Competitive Strength
- Experienced Promoters supported by a management and execution team.
- Diversified Customer Base.
- Quality Check.
Company Promoters
- Ajay Chamanlal Longani
- Rajni Ajay Longani
- Mahesh Chamanlal Longani
- Sonal Mahesh Longani
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹13.18 Cr | ₹13.10 Cr | ₹0.10 Cr | ₹8.45 Cr |
| 31 March 2024 | ₹19.80 Cr | ₹15.33 Cr | ₹3.35 Cr | ₹15.59 Cr |
| 31 March 2025 | ₹53.52 Cr | ₹45.37 Cr | ₹6.10 Cr | ₹10.66 Cr |
| 30 June 2025 | ₹23.06 Cr | ₹19.03 Cr | ₹3.02 Cr | ₹10.15 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 43.94% |
| ROCE | 44.00% |
| Debt/Equity | 0.48 |
| RoNW | 27.69% |
| PAT Margin | 11.43% |
| EBITDA Margin | 19.32% |
| Price to Book Value | 5.41 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 12.22 | 17.82 |
| P/E (x) | 19.56 | 13.41 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding of capital expenditure requirements of its Company towards the purchase of new machinery and installation costs thereon. | ₹16.47 |
| Funding Working Capital Requirements of its Company. | ₹15.50 |
| To meet General corporate purposes. | – |
✅Strengths
- Strong expertise in customised SPMs & automation, catering to diverse engineering industries.
- End-to-end in-house capabilities covering design, manufacturing, testing, and installation.
- 100% capacity utilization in FY 2024–25, reflecting robust demand and operational efficiency.
- Diversified product portfolio including bar solutions, grinding, super finishing, and robotic automation systems.
- Experienced promoters and technical team with long-standing industry presence.
- Export capabilities, enabling access to international markets.
⚠️Risks
- High dependence on customized orders, which may lead to variability in revenues.
- Customer concentration risk, as a significant portion of revenue is derived from limited clients.
- Cyclicality of end-user industries such as steel and automobiles may impact order inflow.
- Execution risk due to the complexity and time-bound nature of customized projects.
- Dependence on skilled manpower, with any attrition potentially affecting operations.
- Working capital intensity, common in project-based engineering businesses.
Admach Systems IPO Promoter Holding
| Pre-Issue Share Holding | 71.87% |
| Post Issue Share Holding | 52.95% |
Admach Systems IPO Prospectus
Company Contact Information
| Admach Systems Ltd. Survey No. 122, Village Nandoshi, Off Pune Sinhagad Road, Khadakwasla R.S., Pune, Maharashtra, 411024 Phone: +91-7020909040 Email: admach@admach.co.in Website: http://www.admach.co.in/ |
Admach Systems IPO Registrar
| Maashitla Securities Pvt.Ltd. Phone: +91-11-45121795-96 Email: ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
Admach Systems IPO Lead Manager(s)
| 1. Aftertrade Broking Pvt.Ltd. |
Admach Systems IPO FAQ
| What is Admach Systems’ IPO? Admach Systems IPO is an SME IPO. The issue is priced at ₹227 – ₹239 per equity share. The IPO is to be listed on BSE SME. |
| When will Admach Systems’ IPO open? The IPO is to open on 23 December 2025 for QIB, NII, and Retail Investors. |
| What is Admach Systems’ IPO Investors’ Portion? The investors’ portion for QIB – 35.00%, NII – 22.50%, and Retail – 42.50%. |
| What is the Admach Systems IPO Size? Admach Systems’ IPO size is ₹42.60 Crore. |
| What are the Admach Systems IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 1200 Shares for ₹2,86,800, while the maximum bid is 1200 Shares for ₹2,86,800. |
| What is the Admach Systems IPO Allotment Date? Admach Systems IPO allotment date is 29 December 2025. |
| What is the Admach Systems IPO Listing Date? Admach Systems IPO listing date is 31 December 2025. The IPO is to be listed on the BSE SME. |
