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Subscription Status · Dec 23 – Dec 26, 2025 · ₹227–239
Admach Systems IPO subscribed 4.13 times — as of Dec 26, 2025
The Admach Systems IPO subscription has recorded healthy investor demand with an overall subscription of 4.13× as of Dec 26, 2025, indicating that investors applied for 4.13 times the number of shares on offer. All investor categories — institutional, HNI, and retail — have participated actively, making this one of the closely watched IPO openings.
As of December 26, 2025
| Category | Shares Offered | Shares Bid For | Times Subscribed | Applications |
|---|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
381,600 | 591,000 |
1.55×
|
— |
|
NII
Non-Institutional Investors
|
380,400 | 2,811,600 |
7.39×
|
— |
|
bNII
Bids above ₹10L
|
253,800 | 2,337,600 |
9.21×
|
— |
|
sNII
Bids below ₹10L
|
126,000 | 474,000 |
3.76×
|
— |
|
Retail
Retail Individual Investors
|
720,600 | 2,716,800 |
3.77×
|
— |
|
Total
|
1,482,600 | 6,119,400 |
4.13×
|
— |
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 381,600 | 591,000 | 1.55× | — |
| NII | 380,400 | 2,811,600 | 7.39× | — |
| bNII | 253,800 | 2,337,600 | 9.21× | — |
| sNII | 126,000 | 474,000 | 3.76× | — |
| Retail | 720,600 | 2,716,800 | 3.77× | — |
| Total | 1,482,600 | 6,119,400 | 4.13× | — |
As of December 26, 2025, the Admach Systems IPO has been subscribed 4.13 times overall. The IPO is fully subscribed.
The Admach Systems IPO subscription window was open from December 23, 2025 to December 26, 2025. Investors could apply through their demat account or ASBA facility.
The Admach Systems IPO has a price band of ₹227 to ₹239 per share, with a lot size of 600 shares. Minimum retail investment: ₹136,200 (lower band) or ₹143,400 (upper band).
The QIB category has been subscribed 1.55 times. QIBs were offered 381,600 shares.
Retail investors subscribed 3.77 times. Retail was offered 720,600 shares.
Overall NII: 7.39×. bNII (>₹10L): 9.21×, sNII (<₹10L): 3.76×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on December 29, 2025. Check via the registrar's website — Maashitla Securities Private Limited (SEBI Reg. No.: INR000004370) using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Admach Systems IPO is expected to list on December 31, 2025. Shares will list on BSE SME platform. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 4.13× means investors have bid for 4.13 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares — allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 3.77×, the estimated allotment probability for retail investors is Moderate. Better odds than heavily subscribed IPOs. Retail allotment in oversubscribed IPOs is done by computerised lottery — each valid application has an equal probability regardless of the number of lots applied for.
You can apply for Admach Systems IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Dec 23 to Dec 26, 2025.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Admach Systems IPO GMP data, check the IPO Rise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price — use it only as a sentiment signal alongside official subscription data.
The Admach Systems IPO subscription tracks how many times each investor category has subscribed relative to their reserved quota. As of Dec 26, 2025, the overall subscription stands at 4.13× — Oversubscribed.
QIBs include domestic mutual funds, FIIs/FPIs, banks, insurance companies, and SEBI-registered venture capital funds. They are allocated up to 50% of the net offer (75% for SME IPOs). For Admach Systems IPO, QIB subscription is at 1.55×. High QIB subscription signals strong institutional conviction and is considered a positive indicator for post-listing performance.
NIIs are high-net-worth individuals (HNIs) and corporate bodies applying for more than ₹2 lakh. SEBI further divides this into bNII (bids above ₹10 lakh) and sNII (bids between ₹2–10 lakh), each with a separate allotment bucket. For Admach Systems IPO: bNII at 9.21×, sNII at 3.76×. Very high NII subscription (>50×) often signals leveraged HNI bidding, suggesting a strong listing expectation.
Retail investors apply for up to ₹2 lakh. They are reserved 35% of the net offer (in most mainboard IPOs). If oversubscribed, allotment is via computerised lottery — each applicant (regardless of lot count) has an equal probability. Admach Systems IPO retail subscription: 3.77×. With 3.77× retail subscription, allotment is lottery-based.
Price band: ₹227–₹239 per share. Lot size: 600 shares. Minimum retail investment at upper band: ₹143,400. Applications must be in multiples of 600 shares.
Stock exchanges (BSE/NSE) publish subscription data multiple times a day during the subscription window. The figures shown here represent the latest available snapshot. "Shares Offered" is the quota reserved for each category; "Shares Bid For" is the total demand received; "Times Subscribed" is the ratio of demand to supply.
Subscription Opens Done
Dec 23, 2025Subscription Closes Done
Dec 26, 2025Basis of Allotment Done
Dec 29, 2025Listing on BSE Done
Dec 31, 2025Better odds than heavily subscribed IPOs. Based on retail subscription of 3.77×.
Retail allotment in oversubscribed IPOs is done by computerised lottery — each valid application has equal odds regardless of lot size applied.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.