Admach Systems Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Admach Systems Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹239
Per ShareLot Size
600 Shares
Minimum Investment
₹1,43,400
Issue Size
₹42.6 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
42.56%
QIB Quota
34.98%
NII Quota
22.47%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Admach Systems Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
71.87%
Promoter Holding (Post-Issue)
53.05%
Issue Type
Book Building - SME
ISIN
INE0XLO01010
About the Company
The Company designs and builds machines for the Indian and global engineering industry, offering customised solutions tailored to meet the unique needs of various industries majorly steel, automobile, packing and others. Its areas of specialization are special purpose machines, automation, assembly machines, packaging machines, product design and robotic material handling systems. It manufactures, exports and supplies a range of customised special purpose machines. Additionally, it provides comprehensive after-sales support, including maintenance, repair, and technical services, to ensure its products perform optimally throughout their lifecycle.
Industry Overview
The Special Purpose Machines Market focuses on the production of customised machinery designed for specific industrial applications and processes. These machines are not included in the standard manufacturing agenda and are not available on a ready basis. Hence, this market is driven by the demand for tailored solutions that enhance efficiency and precision in manufacturing. Most of the special purpose machines are focused on automated trimming or inspection and assembling operations. The steel industry is a critical focus area for our Company as it represents a significant portion of our client base. India's domestic steel demand is projected to grow by 9-10% in FY25, according to ICRA, while steel production is estimated to increase by 4-7%, reaching 123-127 MT in FY24. Growth in the sector is primarily driven by the domestic availability of raw materials, such as iron ore, and cost-effective labour.
Company History
The Company was originally incorporated as "Admach Systems Private Limited" on February 29, 2008, as a private limited company under the provisions of the Companies Act, 1956, pursuant to Certificate of Incorporation issued by Registrar of Companies, Pune, Maharashtra. The Company was converted into a public limited company pursuant to shareholders' resolution passed at the extra-ordinary general meeting of the Company held on August 20, 2024, and the name of the Company was changed to "Admach Systems Limited", and a Fresh Certificate of Incorporation dated October 10, 2024, was issued by the Registrar of Companies, CPC. The Corporate Identification Number of our Company is U29299PN2008PLC131530.
Products & Services
- The Company designs and builds machines for the Indian and global engineering industry, offering customised solutions tailored to meet the unique needs of various industries majorly steel, automobile, packing and others.
Growth Strategy
- Expanding its Product Portfolio with New Designs.
- Expanding its Customer Base.
- Continuing Focus on Operational Efficiency.
- Continue to enhance its core strengths by attracting, retaining and training qualified personnel.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of up to 17,82,600 equity shares of face value of Rs. 10/- each ("Equity Shares") of Admach Systems Limited ("Company" or the "Issuer") for cash at a price of Rs. 227- Rs. 239 per equity share (including a share premium of Rs. 217-Rs. 229 per equity share) ("Issue Price") aggregating up to Rs. 40.47-Rs. 42.6 crores of which up to 89,400 equity shares of face value of Rs. 10 each for cash at a price of Rs. 227-Rs. 239 per equity share including a share premium of Rs. 217-Rs. 229 per equity share aggregating to Rs. 2.03-Rs. 2.14 will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 16,93,200 equity shares of face value of Rs.10/- each at a price of Rs. 227-Rs. 239 per equity share aggregating to Rs. 38.44-Rs. 40.47 is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.32% and 25.00% respectively of the post issue paid up equity share capital of the company. The face value of equity shares is Rs. 10/- each. The issue price is 23.90 times the face value of the equity shares. Price Band: Rs. 239/- per equity share of face value of Rs. 10.00 each. The floor price is 23.9 times the face value of equity shares. Bids can be made for a minimum of 1,200 equity shares and in multiples of 600 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Multi-product capability.
- Established infrastructure and integrated production with cost efficiencies.
- Core Focus on consistent R&D, value engineering and to leverage complex technology.
- Focus on Quality, Environment, Health and Safety.
- Experienced Promoters and management team.
- The company business is dependent on the performance of Steel and Non-Destructive Testing equipment industry with a large portion of revenue being derived from it. Any downturn in these industries can adversely impact its business, results of operations, cash flow and financial condition of the Company.
- The company is significantly dependent on the sale of its products namely, Steel Machines, Non-destructive testing equipment and Packaging machine. The company aggregate revenue from sale of Steel Machines accounted for 76.11%,88.48%, 55.13% and 33.66% of its revenue from operations for the period ended June 30,2025 and Fiscal 2025, 2024 and 2023 respectively. Failure to anticipate and adapt to changing consumer preferences or maintain product quality could harm demand for the company products, weaken brand loyalty, and negatively affect its business, financial results, and cash flow.
- The company derive its revenue from the domestic market and substantial portion of revenue from the region of Maharashtra. Any adverse developments affecting the company operations in this region, could have an adverse impact on its business, financial condition, results of operations and cash flows.
- The company does not has long-term agreements with most of its suppliers. Further, the company inability to accurately forecast demand for its products or manage the company inventory or working capital requirements may have an adverse effect on its business, results of operations and financial condition.
- The company manufacturing facility is located on property acquired pursuant to the Agreement of Assignment of Business dated November 30, 2009, and the ownership details in the revenue records have not yet been updated in the Company's name; failure to complete such recordal procedure may adversely affect its business, results of operations, financial condition, and cash flows.