Admach Systems IPO Opens Dec 23: 43 Cr Raise, Retail Lot 600 Shares

Admach Systems, a Pune‑based maker of custom automation machines, has opened its IPO for subscription starting Dec 23.

What the IPO Offers

The company plans to raise about ₹43 crore through a fresh issue of roughly 0.18 crore shares. The price band is set between ₹227 and ₹239 per share (face value ₹10). All shares will be listed on the BSE SME platform, with trading expected around Dec 31, subject to final approvals.

How to Subscribe

• Lot size: 600 shares (applications must be in multiples of this lot).
• Retail investors: minimum of 1,200 shares (≈ ₹2.87 cr at the top of the band).
• High‑net‑worth investors: minimum of 1,800 shares (≈ ₹4.30 cr).
• Application window: Dec 23 – Dec 26.
• Allotment likely on Dec 29; shares credited to demat accounts on Dec 30.

About Admach Systems

Founded in 2008, Admach designs and builds special‑purpose machines and automation systems for industries such as steel, automotive, food processing, and tooling. Its product line includes bar handling systems, chamfering machines, grinding solutions, and ultrasonic testing equipment.

Recent Financial Performance

• Revenue grew about 170% from FY24 to FY25.
• Profit after tax rose roughly 82%**, reaching ₹6.10 cr in FY25.
• FY25 total income: ₹53.52 cr.
• Assets: ₹60.22 cr; Net worth: ₹25.04 cr (as of June 2025).
• Production capacity: 100 machines per year, with 100% utilisation in FY25.

Use of IPO Proceeds

• ≈ ₹16.47 cr for capital expenditure – buying and installing new machinery.
• ≈ ₹15.50 cr for working‑capital needs.
• Remaining funds for general corporate purposes.

Why It Matters

Investors get a chance to back a niche automation player that has shown rapid revenue growth and full capacity use. The modest 4% premium in the grey market suggests steady listing expectations.

Remember, this is perspective, not prediction. Do your own research before making any investment decisions.