Systematic Industries IPO
GMP, Subscription, Price, Dates & Financial Details
Steel & Iron Products
Systematic Industries LimitedIncorporated in March 2000, Systematic Industries Limited is engaged in the manufacturing and supply of steel wires and cables, catering to diverse sectors such as power transmission, infrastructure, telecommunications, and agriculture.The company is accredited with ISO…
Open Date
Wed, 24 Sep 2025
Close Date
Fri, 26 Sep 2025
Price Band
₹ 185 – 195
Lot Size
600
Issue Size
₹ 115.60 Cr
Minimum Investment
₹ 234,000 (1200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Systematic Industries IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹115.60 Crore, comprising a fresh issue of 52.28 Lakh equity shares aggregating to ₹101.95 Crore and an offer for sale (OFS) of 4.00 Lakh equity shares aggregating to ₹7.80 Crore by the existing shareholders.
The Systematic Industries IPO remained open for subscription from September 24, 2025, to September 26, 2025. The basis of allotment was finalized on September 29, 2025, and the company's shares were listed on BSE SME Platform on October 01, 2025.
The company had fixed the price band at ₹185 to ₹195 per share, with a lot size of 600 shares. Retail investors were required to make a minimum investment of ₹234,000 (based on the upper price band) to apply for one lot.
Cameo Corporate Services Limited served as the registrar to the issue. Hem Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Systematic Industries Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Systematic Industries IPO Timeline (Tentative)
- IPO Open Date
- Wed, 24 Sep 25
- IPO Close Date
- Fri, 26 Sep 25
- Basis of Allotment
- Mon, 29 Sep 25
- Initiation of Refunds
- Tue, 30 Sep 25
- Credit of Shares to Demat
- Tue, 30 Sep 25
- Listing Date
- Wed, 01 Oct 25 — NSE & BSE
Open Date
24 September 2025
Close Date
26 September 2025
Basis Of Allotment
29 September 2025
Listing Date
01 October 2025
IPO Subscription
Check Live Subscription →The Systematic Industries IPO has received bids for 2,47,14,000 shares against 56,28,000 shares offered, resulting in an overall subscription of 4.39x. the NII category is subscribed 8.29x, Retail Investors 3.36x, and QIBs 3.94x.
QIB
3.94x
NII
8.29x
RII
3.36x
Total
4.39x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 19,70,400 shares, representing 33.24% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 28,13,400 shares (47.46%), while Non-Institutional Investors (NIIs) receive 8,44,200 shares (14.24%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 300,000 | 5% |
| Qualified Institutions | 2,813,400 | 47.46% |
| Non-Institutional | 844,200 | 14.24% |
| Retail Investors | 1,970,400 | 33.24% |
| Total | 5,928,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 205.71 | 161.55 | 130.34 |
| Revenue | 449.21 | 372.6 | 321.9 |
| Profit After Tax | 18.46 | 12.41 | 6.31 |
| Net Worth | 80.83 | 62.37 | 49.63 |
| Reserve & Surplus | 64.03 | 61.38 | 48.98 |
| Total Borrowings | 99.12 | 79 | 62.26 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Systematic Industries Limited KPI Information
| Particular | KPI as of Mon | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 25.78 | 22.15 | 13.58 |
| ROCE % | 16.44 | 15.01 | 9.9 |
| Debt / Equity | 1.23 | 1.27 | 1.25 |
| RoNW % | 22.84 | 19.89 | 12.72 |
| Pat Margin % | 4.13 | 3.35 | 1.97 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Systematic Industries Ltd | 10 | 0.00 | 0.00 | 10.99 | 22.84 | 48.10 |
| Advait Energy Transitions Ltd | 10 | 62.24 | 0.00 | 28.82 | 16.27 | 182.03 |
| Bansal Wire Industries Ltd | 5 | 36.66 | 0.00 | 9.73 | 11.53 | 81.06 |
About Systematic Industries Limited
Systematic Industries Limited
Incorporated in March 2000, Systematic Industries Limited is engaged in the manufacturing and supply of steel wires and cables, catering to diverse sectors such as power transmission, infrastructure, telecommunications, and agriculture.
The company is accredited with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, reflecting its focus on quality, environmental management, and occupational health and safety standards.
Product Portfolio
Systematic Industries offers a wide range of steel wires and cable products, including:
- Carbon Steel Wire (MS Wire)
- High Carbon Steel Wire (HC Wire)
- Mild Steel Wire
- Galvanized Iron (GI) Wire
- Cable Armour Wire
- Aluminium Conductor Steel-Reinforced (ACSR) Core Wire
- Aluminium Clad Steel (ACS) Wire
- Optical Ground Wires (OPGW)
- Optical Fibre Cable (OFC)
These products are designed with superior electrical and mechanical properties to ensure efficient power generation, reliable data transmission, and seamless distribution across multiple industries.
Manufacturing Facilities
The company operates four factories:
- Three located in Daman & Diu
- One located in Valsad, Gujarat
Market Presence
Systematic Industries has a strong domestic and international footprint:
- Supplies its products across 25 states and Union Territories in India
- Exports to more than 30 countries, including Sri Lanka, Japan, Bhutan, Canada, and Brazil
Workforce
As of December 31, 2024, the company employed approximately 197 people, including:
- 8 professionals in the Quality Department
- 10 professionals in the Research & Development Department
Systematic Industries IPO Promoters
- Siddharth Rajendra Agarwal
- Satya Rajendra Agrawal
Promoters Holding
Holding Pre Issue
99.95%
Holding Post Issue
73.41%
Systematic Industries IPO Objective
The Company Systematic Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment and/or pre-payment, in part or full, of certain borrowings availed by our Comp
- General Corporate Purpose
Systematic Industries Limited Address / Contact Details
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/
IPO Snapshot
Systematic Industries IPO Lot Size
The Systematic Industries IPO has a lot size of 600 shares. Retail investors require a minimum investment of ₹2,34,000 by applying for 2 lot (1,200 shares). The maximum application allowed for the retail category is 2 lots (1,200 shares), requiring an investment of ₹2,34,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | 234,000.00 |
| Retail (Max) | 2 | 1,200 | 234,000.00 |
| S-HNI (Min) | 3 | 1,800 | 351,000.00 |
| S-HNI (Max) | 8 | 4,800 | 936,000.00 |
| B-HNI (Min) | 9 | 5,400 | 1,053,000.00 |
Issue Reservation
- Market Maker — 5%
- QIB — 47.46%
- NII — 14.24%
- RII — 33.24%
Book Running Lead Managers
- Hem Securities Limited
IPO Documents & Links
Explore More IPOs
Currently Open
Coming Up Next
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Systematic Industries IPO?
Systematic Industries IPO is a Book-building IPO with a total issue size of ₹115.6 crore. The Systematic Industries IPO price band is ₹185 to 195 per share. The Systematic Industries IPO subscription opens on Wed, Sep 24, 2025, and closes on Fri, Sep 26, 2025. The Systematic Industries IPO will be listed on the BSE. Cameo Corporate Services Limited is the registrar for the Systematic Industries IPO.
When will the Systematic Industries IPO open for subscription?
The Systematic Industries IPO opens on Wed, Sep 24, 2025 and closes on Fri, Sep 26, 2025
What is Systematic Industries IPO Price Band?
Systematic Industries IPO Price Band is ₹185 to 195 per share.
What is Systematic Industries IPO Lot Size?
Systematic Industries IPO lot size is 600 shares, Retail investors need a minimum investment of ₹234000 based on the upper price band
What is the minimum investment for Systematic Industries IPO?
The minimum investment for Systematic Industries IPO is ₹234000, based on one lot of 600 shares at the upper price band of ₹195 per share.
How to apply for Systematic Industries IPO?
Investors can apply for the Systematic Industries IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Sep 26, 2025. The application amount remains blocked until the Systematic Industries IPO allotment is finalized.
What is Systematic Industries IPO Issue Size?
Systematic Industries IPO issue size is ₹115.6 crores.
What is the Systematic Industries IPO Allotment Date?
Systematic Industries IPO allotment date is Mon, Sep 29, 2025.
Who is the Systematic Industries IPO Registrar?
The registrar for Systematic Industries IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website to check Systematic Industries IPO allotment status, refund processing, and other IPO-related information.
What is the Systematic Industries IPO GMP?
The Systematic Industries IPO GMP (Grey Market Premium) is ₹1 as of Wed, Oct 1, 2025. Based on the upper price band of ₹195 per share, the estimated Systematic Industries IPO listing price is ₹196, indicating a potential listing gain of approximately 0.51% over the issue price.
Who is the Systematic Industries IPO Lead Manager?
The book-running lead managers (BRLMs) for the Systematic Industries IPO are Hem Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Systematic Industries IPO Red Herring Prospectus (RHP).