New Delhi, Dec. 23 -- Admach Systems IPO in focus today: The IPO of Admach Systems, which opened today for bidding, has received a tepid response from investors, with the issue being subscribed just 0.03 times as of 5:00 PM.

The issue received bids for 51,000 shares against 14.82 lakh shares on offer. Segment-wise, the non-institutional investor category was subscribed by only 0.01 times, while the retail portion was subscribed 0.06 times. The Qualified Institutional Buyer (QIB) category has not yet opened for bidding, according to exchange data.

The company proposes to utilize the net proceeds from the IPO to meet working capital requirements and for general corporate purposes.

1. Admach Systems IPO date: The issue opened for subscrip...