ListedSMEEngineeringADMACH

Admach Systems IPO

Admach Systems IPO is an SME IPO raising ₹42 Cr at ₹227 – ₹239 a share. It listed on 31 Dec 2025 at ₹191, −20.0% against its issue price of ₹239, and trades at ₹475 today (+98.7% since issue). It was subscribed 3.65× in total.

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₹239

Issue price

₹475

Price now

+98.7%

Since issue price

31 Dec 2025

Listed on

3.65×Subscribed (final) · all exchanges

3.6 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹227 – ₹239

Cut-off price₹239

Issue size₹42 Cr

Shares per lot600

Minimum application₹1,43,400

Minimum quantity1200

Face value₹10

Listing exchangesBSE

ISININE0XLO01010

Bidding hours10:00 – 17:00 IST

Bidding window23 Dec 2025 – 26 Dec 2025

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.