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Systematic Industries Ltd. IPO is a book build issue of ₹115.60 crores. The issue is a combination of fresh issue of 0.55 crore shares aggregating to ₹107.80 crores and offer for sale of 0.04 crore shares aggregating to ₹7.80 crores.
Systematic Industries IPO bidding started from Sep 24, 2025 and ended on Sep 26, 2025. The allotment for Systematic Industries IPO was finalized on Sep 29, 2025. The shares got listed on BSE SME on Oct 1, 2025.
Systematic Industries IPO price band is set at ₹195.00 per share . The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹2,34,000.00 (1,200 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (1,800 shares), amounting to ₹3,51,000.
Hem Securities Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Systematic Industries IPO RHP for detailed Information.
| IPO Date | September 24, 2025 to September 26, 2025 |
| Listing Date | October 1, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹185 to ₹195 per share |
| Issue Price Final | ₹195 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 59,28,000 shares (aggregating up to ₹115.60 Cr) |
| Reserved for Market Maker | 3,00,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹5.85 Cr) |
| Fresh Issue (Ex Market Maker) | 52,28,000 shares (aggregating up to ₹101.95 Cr) |
| Offer for Sale | 4,00,000 shares of ₹10 (aggregating up to ₹7.80 Cr) |
| Net Offered to Public | 56,28,000 shares (aggregating up to ₹109.75 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,68,03,242 shares |
| Share Holding Post Issue | 2,23,31,242 shares |
Systematic Industries IPO offers total 59,28,000 shares. Out of which 28,13,400 (47.46%) allocated to QIB, 11,25,600 (18.99%) allocated to QIB (Ex- Anchor), 8,44,200 (14.24%) allocated to NII 19,70,400 (33.24%) allocated to RII and 16,87,800 (28.47%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,00,000 (5.06%) |
| QIB Shares Offered | 28,13,400 (47.46%) |
| − Anchor Investor Shares Offered | 16,87,800 (28.47%) |
| − QIB (Ex. Anchor) Shares Offered | 11,25,600 (18.99%) |
| NII (HNI) Shares Offered | 8,44,200 (14.24%) |
| − bNII > ₹10L | 5,62,800 (9.49%) |
| − sNII < ₹10L | 2,81,400 (4.75%) |
| Retail Shares Offered | 19,70,400 (33.24%) |
| Total Shares Offered | 59,28,000 (100.00%) |
Systematic Industries IPO raises ₹32.91 crore from anchor investors. Systematic Industries IPO Anchor bid date is September 23, 2025. Systematic Industries IPO Anchor Investors list
| Bid Date | September 23, 2025 |
| Shares Offered | 16,87,800 |
| Anchor Portion Size (In Cr.) | 32.91 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 29, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 28, 2025 |
Systematic Industries IPO opens on September 24, 2025, and closes on September 26, 2025.
| IPO Open Date | Wed, Sep 24, 2025 |
| IPO Close Date | Fri, Sep 26, 2025 |
| Tentative Allotment | Mon, Sep 29, 2025 |
| Initiation of Refunds | Tue, Sep 30, 2025 |
| Credit of Shares to Demat | Tue, Sep 30, 2025 |
| Tentative Listing Date | Wed, Oct 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 26, 2025 |
Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,200 | ₹2,34,000 |
| Individual investors (Retail) (Max) | 2 | 1,200 | ₹2,34,000 |
| S-HNI (Min) | 3 | 1,800 | ₹3,51,000 |
| S-HNI (Max) | 8 | 4,800 | ₹9,36,000 |
| B-HNI (Min) | 9 | 5,400 | ₹10,53,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in March 2000, Systematic Industries Limited operates in the steel wire industry, manufacturing and supplying steel wires and cables for power transmission, infrastructure, telecommunications, and agro-based sectors.
The company is certified by ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018. The company offers a portfolio of Steel wires, including Carbon steel wire (MS Wire), High carbon wire (HC Wire), Mild Steel Wire, Galvanized Iron Wire, Cable Armour Wire, Aluminium conductor steel-reinforced cable (ACSR Core wire), and Aluminium Clad Steel (ACS) Wire, along with Optical Ground Wires (OPGW) and Optical Fibre Cable (OFC).
These products have electrical and mechanical properties for power generation, data transmission, and distribution, ensuring efficiency and reliability across various industries.
The company has four factories, of which three are situated in Daman & Diu and one is situated in Valsad, Gujarat with a combined installed capacity of 1,00,000 MTPA.
The company sells its products in approximately 25 states and Union Territories in India and also exports its products to more than 30 countries, such as Sri Lanka, Japan, Bhutan, Canada, and Brazil.
As of July 31, 2025, the company's factories had a workforce of approximately 413 employees, of which 17 are in the Quality Department and 15 employees in the Research and Development Department.
Competitive Strength:
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 205.71 | 161.55 | 130.34 |
| Total Income | 449.21 | 372.60 | 321.90 |
| Profit After Tax | 18.46 | 12.41 | 6.31 |
| EBITDA | 33.97 | 24.10 | 12.96 |
| NET Worth | 80.83 | 62.37 | 49.63 |
| Reserves and Surplus | 64.03 | 61.38 | 48.98 |
| Total Borrowing | 99.12 | 79.00 | 62.26 |
| Amount in ₹ Crore | |||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 25.78% |
| ROCE | 16.44% |
| Debt/Equity | 1.23 |
| RoNW | 22.84% |
| PAT Margin | 4.13% |
| EBITDA Margin | 7.61% |
| Price to Book Value | 4.05 |
| Market Capitalization | ₹435.46 Cr. |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 10.99 | 8.27 |
| P/E (x) | 17.75 | 23.59 |
The Company Systematic Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Repayment and/or pre-payment, in full or part, of borrowing availed by the Company | 950.00 |
| 2 | General Corporate Purpose |
[Dilip Davda] SIL is engaged in the manufacturing and supplying of various steel wires and cables used by power, infra, telecommunication, agri industries. The company marked growth in its top and bottom lines for the reported periods. It is operating in a highly competitive and fragmented segment. Based on its recent financial data, the issue appears fully priced. Well-informed investors may park moderate funds for medium term. Read detail review...
| Listing Date | October 1, 2025 |
| BSE Script Code | 544541 |
| NSE Symbol | |
| ISIN | INE1KLZ01011 |
| Final Issue Price | ₹195 per share |
| BSE Listing Group | MT (Trade to Trade) |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹195.00 |
| Open | ₹192.00 |
| Low | ₹192.00 |
| High | ₹206.25 |
| Last Trade | ₹205.10 |
Systematic Industries Ltd.
418, 4th Floor, Nirmal Corporate Center,
L.B.S. Marg
Mulund (West),
Mumbai, Maharashtra, 400080
Phone: +91-22-41383900
Email: cs@systematicindustries.com
Website: https://systematicindustries.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Systematic Industries IPO is a SME IPO of 59,28,000 equity shares of the face value of ₹10 aggregating up to ₹115.60 Crores. The issue is priced at ₹195 per share. The minimum order quantity is 600.
The IPO opens on September 24, 2025, and closes on September 26, 2025.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Systematic Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Systematic Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Systematic Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Systematic Industries IPO opens on September 24, 2025 and closes on September 26, 2025.
Systematic Industries IPO lot size is 600, and the minimum amount required for application is ₹2,34,000, with 2 lots being the minimum application size.
You can apply in Systematic Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Systematic Industries IPO will be done on Monday, September 29, 2025, and the allotted shares will be credited to your demat account by Tuesday, September 30, 2025. Check the Systematic Industries IPO allotment status.
The Systematic Industries IPO listing date is on Wednesday, October 1, 2025.
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