Comparison between Systematic Industries IPO and Twinkle Papers IPO.
Systematic Industries IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Twinkle Papers IPO is a SME Bookbuilding proposed to list at BSE SME.
| Systematic Industries IPO | Twinkle Papers IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Hem Securities Ltd. | Novus Capital Advisors Private Limited |
| Registrar | Cameo Corporate Services Ltd. | Alankit Assignments Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Systematic Industries IPO is up to ₹109.75 Cr whereas the issue size of the Twinkle Papers IPO is up to ₹0.00 Cr. The final issue price of Systematic Industries IPO is ₹195.00 per share and of Twinkle Papers IPO is .
| Systematic Industries IPO | Twinkle Papers IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹185.00 per share | |
| Issue Price (Upper) | ₹195.00 per share | |
| Issue Price (Final) | ₹195.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 600 shares | |
| Fresh Issue Size | 52,28,000 shares | 39,88,000 shares |
| Fresh Issue Size (Amount) | up to ₹101.95 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 4,00,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹7.80 Cr | up to ₹0.00 Cr |
| Issue Size Total | 56,28,000 shares | 39,88,000 shares |
| Issue Size Total (Amount) | up to ₹109.75 Cr | up to ₹0.00 Cr |
Systematic Industries IPO opens on Sep 24, 2025, while Twinkle Papers IPO opens on . The closing date of Systematic Industries IPO and Twinkle Papers IPO is Sep 26, 2025, and , respectively.
| Systematic Industries IPO | Twinkle Papers IPO | |
|---|---|---|
| Anchor Bid Date | Sep 23, 2025 | |
| Issue Open | Sep 24, 2025 | |
| Issue Close | Sep 26, 2025 | |
| Basis Of Allotment (Tentative) | Sep 29, 2025 | |
| Initiation of Refunds (Tentative) | Sep 30, 2025 | |
| Credit of Share (Tentative) | Sep 30, 2025 | |
| Listing date (Tentative) | Oct 01, 2025 | |
| Anchor Lockin End date 1 | Oct 29, 2025 | |
| Anchor Lockin End date 2 | Dec 28, 2025 |
Systematic Industries IPO P/E ratio is 17.75, as compared to Twinkle Papers IPO P/E ratio of .
| Systematic Industries IPO | Twinkle Papers IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Systematic Industries Ltd.'s revenue increased by 21% and profit after tax (PAT) rose by 49% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.95 | 98.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.41 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 17.75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹435.46 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 25.78% | 22.66% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 16.44% | 22.37% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.23 | 2.09 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹10.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 22.84% | 22.66% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Systematic Industries IPO Retail Individual Investors (RII) are offered 19,70,400 shares while in Twinkle Papers IPO retail investors are offered 19,70,400 shares. Qualified Institutional Buyers (QIB) are offered 11,25,600 shares in Systematic Industries IPO and 0 shares in Twinkle Papers IPO.
| Systematic Industries IPO | Twinkle Papers IPO | |
|---|---|---|
| Anchor Investor Reservation | 16,87,800 shares | 0 shares |
| Market Maker Reservation | 3,00,000 shares | 0 shares |
| QIB | 11,25,600 shares | 0 shares |
| NII | 8,44,200 shares | 0 shares |
| RII | 19,70,400 shares | 0 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 56,28,000 shares | 0 shares |
Systematic Industries IPO subscribed 6.20x in total, whereas Twinkle Papers IPO subscribed .
| Systematic Industries IPO | Twinkle Papers IPO | |
|---|---|---|
| QIB (times) | 9.85x | |
| NII (times) | 7.94x | |
| Big NII (times) | 9.70x | |
| Small NII (times) | 4.42x | |
| RII (times) | 3.36x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 6.20x |
