Systematic Industries IPO is a book-building issue of ₹115.60 crore, comprising a fresh issue of 52.28 lakh shares and an offer for sale of 4.00 lakh shares. The bidding window was open from September 24, 2025, to September 26, 2025, with the allotment expected to be finalised on September 29, 2025. The shares are scheduled to list on BSE SME on October 1, 2025.
The IPO was priced at ₹185–₹195 per share, with a lot size of 600 shares. The public issue received bids for 2,44,12,800 shares against 39,40,200 shares offered, resulting in an overall subscription of 6.20×. Retail investors subscribed 3.36×, while the NII (HNI) category was subscribed 7.94×. The QIB category was subscribed 9.85×.
Systematic Industries’s ₹115.60 crore IPO, priced at ₹185–₹195 per share, consists of a fresh issue of 52.28 lakh shares and an offer for sale of 4.00 lakh shares. Bidding took place from September 24 to September 26, 2025, with the allotment expected to be finalised on September 29, 2025. The IPO received an overall subscription of 6.20×. Retail investors subscribed 3.36×, the NII (HNI) category subscribed 7.94×, and the QIB category subscribed 9.85×. Listing is expected on BSE SME on October 1, 2025.
The table below breaks down the Systematic Industries share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker | 3,00,000 (5.06%) |
| QIB | 28,13,400 (47.46%) |
| NII (HNI) | 8,44,200 (14.24%) |
| Retail | 19,70,400 (33.24%) |
| Total | 59,28,000 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| QIB (Ex Anchor) | 9.85 |
| NII* | 7.94 |
| – bNII (bids above ₹10L) | 9.70 |
| – sNII (bids below ₹10L) | 4.42 |
| Individual Investor | 3.36 |
| Total | 6.20 |
Note: The subscription details are as of September 26, 2025
Incorporated in March 2000, Systematic Industries Limited is a prominent player in the steel wire industry, engaged in the manufacturing and supply of steel wires and cables catering to power transmission, infrastructure, telecommunications, and agro-based sectors. The company holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, reflecting its commitment to quality, environmental management, and workplace safety.
Systematic Industries offers a diverse range of products, 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), Aluminium Clad Steel (ACS) Wire, as well as Optical Ground Wires (OPGW) and Optical Fibre Cable (OFC). These products are designed with specific electrical and mechanical properties to ensure efficient and reliable performance in power generation, data transmission, and distribution applications.
The company operates four factories—three in Daman & Diu and one in Valsad, Gujarat—with a combined installed capacity of 1,00,000 MTPA. Its products are distributed across approximately 25 states and Union Territories in India and are exported to over 30 countries, including Sri Lanka, Japan, Bhutan, Canada, and Brazil.
As of July 31, 2025, Systematic Industries employed around 413 staff members, including 17 in the Quality Department and 15 in Research and Development. The company’s competitive strengths lie in its well-established production facilities, robust quality and safety practices, dedicated R&D, and an experienced promoter team supported by proficient sales and marketing personnel.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 26, 2025, 11:28 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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