Admach Systems Ltd IPO
Engineering
Price Band
₹227 – ₹239
Lot Size
600
Minimum Bid Quantity
1200
Minimum Investment
₹286800
Issue Size
₹42.6Cr
Opens
2025-12-23
Closes
2025-12-26
Listing
31-12-2025
Subscription Status
Qualified Institutional Buyers
0 x
Non-Institutional Investor
0 x
Retail Individual Investor
0.04 x
Total
0.02 x
IPO Details
Issue Type
FP
Face Value
₹10
Tick Size
1
ISIN
INE0XLO01010
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Admach Systems Limited designs and builds machines for the Indian and global engineering industry. The company specialises in customised solutions, including special-purpose machines, automation, assembly machines, packaging machines, product design, and robotic material handling systems. It manufactures, exports, and supplies customised special-purpose machines. It also provides after-sales support for its own machines, including maintenance, repair, and technical services, for domestic and international customers. The company operates from its registered office and manufacturing plant at Taluka Haveli, Pune, Maharashtra, India.
Pros
- • The company states it sells products in both domestic and international markets. It also states it has exported special-purpose machinery to countries including China, Italy, South Korea, Dubai, and Russia.
- • The company states it has quality-control processes for checking raw materials and final products, and that it has internal procedures for procurement of raw materials. It also states its units have dedicated personnel who monitor equipment and material parameters, report irregularities during manufacturing, and make adjustments.
- • The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 13.10 crore in FY23 to Rs 19.68 crore in FY24 and Rs 53.36 crore in FY25. PAT increased from Rs 0.10 crore in FY23 to Rs 3.35 crore in FY24 and Rs 6.10 crore in FY25.
Cons
- • Steel machines accounted for Rs 17.54 crore (76.11 percent) of the company’s revenue for the period ended June 30, 2025; Rs 47.16 crore (88.48 percent) in FY25; Rs 10.85 crore (55.13 percent) in FY24, and Rs 4.41 crore (33.66 percent) in FY23. Any downturn, regulatory tightening, or reduced demand in the steel industry, or inability to offset such decline through other segments, could adversely affect the company’s business, results of operations, cash flows, and financial condition.
- • Maharashtra accounted for Rs 0.60 crore (2.61 percent) of the company’s total sales for the period ended June 30, 2025; Rs 17.29 crore (32.41 percent) in FY25; Rs 10.42 crore (52.94 percent) in FY24, and Rs 11.03 crore (84.19 percent) in FY23. Any adverse political, social, economic, competitive, or regulatory developments affecting operations in this region could negatively impact the company’s business, financial condition, results of operations, and cash flows.
- • The top customer accounted for Rs 19.21 crore (83.33 percent) of the company’s revenue for the period ended June 30, 2025; Rs 10.37 crore (19.44 percent) in FY25; Rs 8.19 crore (41.61 percent) in FY24, and Rs 8.26 crore (63.06 percent) in FY23. Failure to retain this key customer, expand the customer base, or a loss of business from this client can adversely affect the company’s business and financial standing.
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