Key Highlights
- The stock failed to meet the listing expectations of grey markets, as sources indicate that the last grey market premium (GMP) of the stock suggested it was to list at ₹250.
- Admach Systems designs and builds machines for the Indian and global engineering industry.
- As per the Red Herring Prospectus (RHP) of the IPO, Admach Systems offers customised solutions to various industries, including steel, automobile, food, tooling, and other engineering industries.
- Its areas of specialisation are special-purpose machines, automation, assembly machines, packaging machines, product design and robotic material handling systems.
- The BSE SME IPO opened for public subscription on Tuesday, 23 December and concluded on Friday, 26 December.
