IPO Details
Bidding Dates
24 Sep '25 - 26 Sep '25
Minimum Investment
₹2,34,000.00/ Lots (1,200 Shares)
Price Range
₹185 - ₹195
Maximum Investment
₹2,34,000.00/ Lots (1,200 Shares)
Retail Discount
To be announced
Issue Size
₹115.60 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |Systematic Industries IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Sep 24, 25
IPO Closing Date
Sep 26, 25
Basis of Allotment
Sep 29, 25
Initiation of Refunds
Sep 30, 25
IPO Listing Date
Oct 01, 25
Systematic Industries Limited IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
|
Day 1Sep 23, 2025 |
1.11 | 0.04 | 0.04 | 0.35 |
About Systematic Industries IPO
Systematic Industries Ltd. is launching its IPO as a book-built issue with a total size of approximately ₹115.60 crore. The issue comprises a fresh issue of 55.28 lakh equity shares and an offer for sale of 4 lakh shares by a selling shareholder. The IPO opens for subscription on September 24, 2025, and closes on September 26, 2025. The basis of allotment is expected to be finalized on September 29, 2025, with shares proposed to be listed on the BSE SME platform on October 1, 2025.
The price band for the IPO is fixed between ₹185 and ₹195 per share, with each share having a face value of ₹10. The minimum lot size for bidding is 600 shares. Retail investors can apply for a minimum of 1,200 shares, entailing an investment of about ₹2,34,000 at the upper price band. High Net-worth Individuals (HNIs) are required to bid for a minimum of three lots (1,800 shares), amounting to roughly ₹3,51,000. The IPO includes reservations for various categories, with Qualified Institutional Buyers (QIBs) allocated approximately 47.46% of shares, anchor investors 28.47%, Non-Institutional Investors (NII) 14.24%, retail investors 33.24%, and a market maker portion of 5.06%.
Hem Securities Ltd. is the book running lead manager for the issue, Cameo Corporate Services Ltd. is the registrar, and Hem Finlease Pvt. Ltd. acts as the market maker. Systematic Industries Limited operates in the steel wire manufacturing sector, with a diversified product portfolio serving power transmission, telecommunications, and infrastructure sectors.
Systematic Industries IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The net proceeds from the Fresh Issue will be used for repayment or prepayment of company borrowings amounting to ₹9,500 lakhs.
- Remaining proceeds from the Fresh Issue will be used for general corporate purposes, with the exact amount to be finalised upon determination of the offer price.
- Listing on the BSE SME platform is expected to enhance the company’s brand image, visibility, and create a public market for its equity shares.
- Fund requirements are based on internal estimates and may change due to external circumstances, costs, financial conditions, or business strategy.
About Systematic Industries Limited
Systematic Industries Limited, incorporated in March 2000, operates in the steel wire industry, manufacturing and supplying a wide range of steel wires and cables used in power transmission, infrastructure, telecommunications, and agriculture.
The company is certified with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, reflecting its commitment to quality, environment, health, and safety standards. Its diverse product portfolio includes 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), aluminium clad steel (ACS) wire, as well as optical ground wires (OPGW) and optical fibre cables (OFC), all designed to ensure reliable electrical and mechanical performance.
The company operates four manufacturing facilities, three located in Daman & Diu and one in Valsad, Gujarat, with a combined installed capacity of 1,00,000 MTPA. It has a strong presence in the domestic market, catering to 25 states and union territories, while also exporting to over 30 countries including Sri Lanka, Japan, Bhutan, Canada, and Brazil.
As of July 31, 2025, the company employed around 413 people, including dedicated teams in quality control and research and development. Its competitive strengths lie in well-established factories with modern machinery, strong R&D support, a focus on quality and safety standards, and the guidance of an experienced promoter backed by skilled teams in sales, marketing, and operations.
Industry Outlook
- India’s fiscal deficit, which was 9.2% of GDP in FY21, is expected to reduce to 4.8% in FY25 and further to 4.4% in FY26 through fiscal consolidation.
- CPI inflation fell to 3.34% in March 2025, the lowest since 2019, mainly due to lower food prices, leading the RBI to cut the repo rate to 6% and project inflation at 4% for FY26.
- India’s industrial sector grew 10.8% in FY24 but slowed to 5.6% in 9MFY25, with growth led by manufacturing, construction, and utilities.
- Infrastructure investments remain supported by government initiatives such as Atmanirbhar Bharat, Make in India, and the Production-Linked Incentive (PLI) schemes.
- Rising disposable incomes have boosted consumer spending, with per capita GNDI growing at a CAGR of 11.3% and PFCE at 12.3% between FY14 and FY25.
- Industrial production grew 3% in March 2025, with manufacturing and electricity driving growth, though mining showed a decline.
- Basic metals, electrical equipment, and automobiles contributed strongly to manufacturing growth, while consumer non-durables and intermediate goods showed weaker momentum.
How To Apply for the Systematic Industries IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Systematic Industries IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Systematic Industries IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Systematic Industries Limited
Registered office: Systematic Industries Ltd.
418, 4th Floor, Nirmal Corporate Center,
L.B.S. Marg
Mulund (West),
Mumbai, Maharashtra, 400080
Phone:+91-22-41383900
E-mail:cs@systematicindustries.com jnuin vxce4
Systematic Industries IPO Reservation
|
Investor Category |
Shares Offered |
|
Market Maker |
3,00,000 (5.06%) |
|
QIB (Including Anchor) |
28,13,400 (47.46%) |
|
NII (HNI) |
8,44,200 (14.24%) |
|
Retail (RII) |
19,70,400 (33.24%) |
|
Total |
59,28,000 (100.00%) |
Systematic Industries IPO Lot Size Details
|
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 Promoter Holding
Siddharth Rajendra Agarwal and Satya Rajendra Agrawal are the promoters of the company
|
Share Holding Pre-Issue |
99.95% |
|
Share Holding Post Issue |
73.41% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Systematic Industries IPO
|
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 |
Systematic Industries IPO Prospectus
Systematic Industries IPO Registrar and Lead Managers
Systematic Industries IPO Lead Managers
-
Hem Securities Ltd.
Registrar for Systematic Industries IPO
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com
Financial Performance of Systematic Industries Limited
| Particulars | Year ending on March 31, 2025 | TotaYear ending on March 31, 2024l Expense |
|---|---|---|
| Assets (₹ Crore) | 205.71 | 161.55 |
| Total Income (₹ Crore) | 449.21 | 372.60 |
| Profit After Tax (₹ Crore) | 18.46 | 12.41 |
| EBITDA (₹ Crore) | 33.97 | 24.10 |
| Net Worth (₹ Crore) | 80.83 | 62.37 |
| Reserves & Surplus (₹ Crore) | 64.03 | 61.38 |
| Total Borrowing (₹ Crore) | 99.12 | 79.00 |
Know before investing
Strengths
6-
The company operates four well-equipped factories, three in Dadra & Nagar Haveli and Daman & Diu and one in Valsad, Gujarat, with a total capacity of 1,00,000 MTPA.
-
Systematic Industries caters to multiple sectors, including power transmission, infrastructure, telecommunications, agriculture, and automotive.
-
The company sells to over 25 states in India and exports to more than 30 countries, including Sri Lanka, Japan, Bhutan, Canada, and Brazil. Approximately 7–9% of revenue comes from exports, while the majority is from domestic sales, reflecting strong geographic diversification.
-
Led by Promoter and MD Siddharth Rajendra Agarwal with 24 years of industry experience, the company is supported by a qualified team in R&D (15 employees), quality control (17 employees), and sales & marketing (28 employees), ensuring strategic business execution and strong customer relationships.
-
Rising demand for steel wires in power, construction, agriculture, and telecommunications presents significant growth potential. Industry forecasts indicate consistent CAGR growth across these sectors through 2030, supporting expansion opportunities for the company.,
-
The company maintains long-term relationships with top customers, with the top 10 contributing ~34% of revenue in FY25, reflecting reliability and trust in its products.
Risks
6-
The company’s operations require significant capital for machinery, plant, and quality testing equipment. Dependence on debt or equity financing for expansion may increase interest costs and impact profitability.
-
Systematic Industries requires multiple licenses, permits, and approvals to operate. Delays or failures in obtaining, renewing, or maintaining statutory approvals could disrupt operations and affect financial performance.
-
A significant portion of revenue comes from sectors like power, infrastructure, agriculture, and telecom. Any slowdown or reduced demand in these industries could affect sales and profitability.
-
The company relies on a limited number of suppliers for critical raw materials like steel wire rods, aluminium rods, and zinc ingots. Any supply disruption, delay, or price fluctuation may adversely impact production and costs.
-
Products must meet stringent quality requirements. Failure to maintain quality could result in order cancellations, loss of customers, increased replacement costs, and reputational damage.
-
Production depends on machinery, power, and workforce efficiency. Breakdowns, power failures, labor strikes, or natural disasters may cause delays, increased costs, and temporary business disruption.
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Systematic Industries Limited Peer Comparison
| Company | EPS (₹) | P/E | RoNW (%) |
|---|---|---|---|
| Systematic Industries Limited | 10.99 | [●] | 22.84% |
| Advait Energy Transitions Limited (Formerly Advait Infratech Ltd) | 28.82 | 62.24 | 16.27% |
| Bansal Wire Industries Limited | 9.73 | 36.66 | 11.53% |
Systematic Industries IPO FAQs
The Systematic Industries Ltd. IPO is a book-built issue scheduled to open for subscription from September 24, 2025, and close on September 26, 2025.
The Basis of Allotment will happen on Thursday, September 29, 2025.
The IPO subscription window will open on September 24, 2025.
The minimum lot size retail investors can subscribe to is 1 lot of 600 shares, and the minimum investment amount for retail investors is ₹2,34,000.
The listing date for Systematic Industries IPO is October 01, 2025.
The issue size of the Systematic Industries IPO is ₹115.60 crore.
The open and close dates for Systematic Industries IPO are from September 24, 2025, to September 26, 2025.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Systematic Industries Limited’s financial statements, download the IPO’s RHP document.
Pre-apply allows investors to apply for the Systematic Industries IPO two days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
Cameo Corporate Services Ltd. is the registrar responsible for managing the IPO allotment process and handling investor queries.
The Systematic Industries IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).
