Admach Systems IPO opens for subscription with listing slated for December 31

Admach Systems Ltd, a Pune based engineering automation company, has opened its initial public offering on December 23, seeking to raise approximately ₹42.60 crore through a book-built issue on the BSE SME platform. The IPO price band is set between ₹227 and ₹239 per share, with the subscription window closing on December 26. The tentative basis of allotment is December 29 and the expected listing date is December 31. Grey market premium has not yet developed, so investors should assess fundamentals before subscribing.