Bookbuilding IPO | ₹116 Cr | Listed at BSE SME | Wed, Sep 24, 2025 - Fri, Sep 26, 2025
Systematic Industries 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 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 (1,200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 24, 2025
IPO Close
Fri, Sep 26, 2025
Issue Price
₹195 per share
Market Cap (Pre-IPO)
₹435.46 Cr
| IPO Date | 24 to 26 Sep, 2025 |
| Listed on | Wed, Oct 1, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹185 to ₹195 |
| Issue Price | ₹195 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 59,28,000 shares (agg. up to ₹116 Cr) |
| Reserved for Market Maker | 3,00,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹6 Cr) |
| Fresh Issue (Ex Market Maker) | 52,28,000 shares (agg. up to ₹102 Cr) |
| Offer for Sale | 4,00,000 shares of ₹10 (agg. up to ₹8 Cr) |
| Net Offered to Public | 56,28,000 shares (agg. up to ₹110 Cr) |
| Share Holding Pre Issue | 1,68,03,242 shares |
| Share Holding Post Issue | 2,23,31,242 shares |
| BSE Script Code | 544541 |
| ISIN | INE1KLZ01011 |
Systematic Industries IPO comprises a total issue size of 59,28,000 shares. The net offer to the public is 56,28,000 shares, after excluding 3,00,000 shares allotted on a firm basis. Of the Net offer 28,13,400 (49.99%) are allocated to QIB, 8,44,200 (15.00%) allocated to NII 19,70,400 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 28,13,400 | 49.99% | 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 | 15.00% | 14.24% |
| − bNII > ₹10L | 5,62,800 | 9.49% | |
| − sNII < ₹10L | 2,81,400 | 4.75% | |
| Retail Shares Offered | 19,70,400 | 35.01% | 33.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,00,000 | 5.06% | |
| Total Shares Offered | 59,28,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof.
| 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 |
Systematic Industries IPO raises ₹32.91 crore from anchor investors. Systematic Industries IPO Anchor bid date is September 23, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Sep 23, 2025 |
| Shares Offered | 16,87,800 |
| Anchor Portion (₹ Cr.) | 32.91 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Oct 29, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Dec 28, 2025 |
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 | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or pre-payment, in full or part, of borrowing availed by the Company | 95.00 |
| 2 | General Corporate Purpose | 4.29 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.99 | 8.27 |
| P/E (x) | 17.75 | 23.59 |
| Promoter Holding | 99.95% | 73.41% |
| Market Cap | ₹435.46 Cr. |
The Systematic Industries IPO is subscribed 6.20 times on September 26, 2025 5:04:42 PM (Day 3). The public issue subscribed 3.36 times in the individual investors category, 9.85 times in the QIB category, and 7.94 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 9.85 | 11,25,600 | 1,10,89,800 | 0 |
| NII* | 7.94 | 8,44,200 | 67,00,200 | 0 |
| bNII (bids above ₹10L) | 9.70 | 5,62,800 | 54,56,400 | |
| sNII (bids below ₹10L) | 4.42 | 2,81,400 | 12,43,800 | |
| Individual Investor | 3.36 | 19,70,400 | 66,22,800 | 0 |
| Total | 6.20 | 39,40,200 | 2,44,12,800 | 7,017 |
Total Application : 7,017
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM (inclusive underwriting commission) | 2.89 |
| 2 | Fees Payable to the Registrar to the Offer | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 1.29 |
| 4 | Fees Payable to the Regulators including Stock Exchanges | 0.20 |
| 5 | Payment for Printing & Stationery, Postage, Distribution Expenses etc. | 0.01 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.06 |
| 7 | Others, if any (Fees payable for Marketing & Distribution Commission, Sponsor Bank/Banker(s) to the Offer, Selling Commission, Brokerage, Independent Chartered Engineer, Depository Participant, Industry Report, Monitoring Agency, Peer Review Auditor, Processing Fees* and Miscellaneous Expenses). | 4.67 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹195.00 |
| Open | ₹193.80 |
| Low | ₹186.00 |
| High | ₹199.00 |
| Last Trade | ₹196.45 |
Lead Manager Reports
Systematic Industries IPO is a SME IPO of 59,28,000 equity shares of the face value of ₹10 aggregating up to ₹116 Crores. The issue is priced at ₹195 per share. The minimum order quantity is 600.
The IPO opens on Wed, Sep 24, 2025, and closes on Fri, Sep 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 Wed, Sep 24, 2025 and closes on Fri, Sep 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 Tue, Sep 30, 2025. Check the Systematic Industries IPO allotment status.
The Systematic Industries IPO listing date is on Wed, Oct 1, 2025.
