Systematic Industries Limited
Bookbuilding IPO · BSE
- Price band
- ₹185 - ₹195
- Lot size
- 600 shares
- Issue amount
- ₹115.6 cr
- Total subscription
- 6.27×
- Opens
- 24 Sept 2025
- Closes
- 26 Sept 2025
- Allotment
- 29 Sept 2025
- Listing
- 1 Oct 2025
Offer at a glance
Issue overview
- Issue size
- 59,28,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,11,000
- Fresh issue
- ₹107.79 cr
- Offer for sale
- ₹7.8 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,17,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,68,03,242
- Shares after issue
- 2,23,31,242
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 1,200 | ₹2,34,000 |
| sHNI | 3 | 1,800 | ₹3,51,000 |
| bHNI | 9 | 5,400 | ₹10,53,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 26 Sept 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 23 |
| NIB | 0 | 1,428 |
| RETAIL | 1,642 | 5,520 |
| HNIs(10L +) | 312 | 773 |
| HNIs (2-10L) | 157 | 655 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 21.95 | 216.25 |
| FIIs | 0 | 44.62 |
| Others | 0 | 171.63 |
| RETAIL | 38.42 | 129.17 |
| HNIs 2+ | 5.5 | 24.25 |
| HNIs 10+ | 10.96 | 112.25 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 10.99 | 10.18 | 5.18 |
| ROE | 25.78 | 22.15 | 13.58 |
| ROCE | 16.44 | 15.01 | 9.9 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 17.75 | 0 | 0 |
| POST IPO(PE) | 23.59 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Systematic Industries Limited | NA | NA | 10.00 | NA | 22.84 | 10.99 |
| Advait Infratech Limitred | 62.24 | 1793.85 | 10.00 | NA | 16.27 | 28.82 |
| Bansal Wire Industries Limited | 36.66 | 356.7 | 5.00 | NA | 11.53 | 9.73 |
Company information
Company profile
Systematic Industries Limited, incorporated in March 2000, manufactures and supplies steel wires and cables for sectors like power transmission, infrastructure, telecommunications, and agriculture. The company, certified with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, offers a range of products including carbon steel wire, high carbon wire, mild steel wire, galvanized iron wire, cable armour wire, ACSR core wire, aluminium clad steel wire, OPGW, and optical fibre cables, designed for efficient power generation and data transmission. It operates four factories—three in Daman & Diu and one in Valsad, Gujarat—and sells products across 25 states and union territories in India, while exporting to over 30 countries including Sri Lanka, Japan, Bhutan, Canada, and Brazil. As of December 31, 2024, the company employed around 197 people, including staff in quality control and R&D.
Strengths
- Wide Product Range – Offers a broad selection of steel wires and cables serving sectors like power, telecom, and infrastructure.
- Strong Manufacturing Setup – Operates 4 strategically located factories with modern machinery, backed by in-house R&D and quality teams.
- Domestic & Global Presence – Well-established distribution across India with exports to over 30 international markets.
Risk factors
- High Capital Requirements – Heavy use of debt for capacity expansion can increase finance costs and lower profitability.
- Regulatory Reliance – Operations depend on multiple licenses and approvals; delays or non-renewals can disrupt business.
- Compliance Risks – Non-compliance with Companies Act provisions may lead to penalties and affect financial health.
Promoters
Siddharth Rajendra Agarwal
Satya Rajendra Agrawal
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
418, 4th Floor, Nirmal Corporate Center, L.B.S. Marg Mulund (West), Mumbai, Maharashtra, 400080
+91-22-41383900
[email protected]Company website ↗Understanding SYSTEMATIC IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.