Mumbai, Dec. 31 -- The scrip was listed at Rs 191.20, a discount of 20% compared with the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 200.75 and a low of Rs 191.20. About 9.29 lakh shares of the company changed hands at the counter.

Admach Systems' IPO was subscribed 3.95 times. The issue opened for bidding on 23 December 2025 and it closed on 26 December 2025. The price band of the IPO was fixed between Rs 227 to Rs 239 per share.

The IPO comprised fresh issue of 17,82,600 equity shares. The company intends to utilize the net proceeds for funding of capital expenditure requirements of company towards purchase of new machinery & installati...