Systematic Industries IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 24 to Sep 26 2025
Price Band
₹185 - 195
Current GMP
₹193.8 (-0.62%)
Subscription
6.20 times
IPO Details
| IPO Date | September 24, 2025 to September 26, 2025 |
| Listing Date | October 1, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹185 to ₹195 per share |
| Issue Price Final | ₹195 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 59,28,000 shares (aggregating up to ₹115.60 Cr) |
| Reserved for Market Maker | 3,00,000 shares (aggregating up to ₹5.85 Cr)Hem Finlease Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 52,28,000 shares (aggregating up to ₹101.95 Cr) |
| Offer for Sale | 4,00,000 shares of ₹10 (aggregating up to ₹7.80 Cr) |
| Net Offered to Public | 56,28,000 shares (aggregating up to ₹109.75 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,68,03,242 shares |
| Share Holding Post Issue | 2,23,31,242 shares |
IPO Date
September 24, 2025 to September 26, 2025
Listing Date
October 1, 2025
Face Value
₹10 per share
Issue Price Band
₹185 to ₹195 per share
Issue Price Final
₹195 per share
Lot Size
600 Shares
Sale Type
Fresh Capital-cum-Offer for Sale
Total Issue Size
59,28,000 shares (aggregating up to ₹115.60 Cr)
Reserved for Market Maker
3,00,000 shares (aggregating up to ₹5.85 Cr)Hem Finlease Pvt.Ltd.
Fresh Issue (Ex Market Maker)
52,28,000 shares (aggregating up to ₹101.95 Cr)
Offer for Sale
4,00,000 shares of ₹10 (aggregating up to ₹7.80 Cr)
Net Offered to Public
56,28,000 shares (aggregating up to ₹109.75 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Share Holding Pre Issue
1,68,03,242 shares
Share Holding Post Issue
2,23,31,242 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 9.85 |
| Non-Institutional Buyers*** | 7.94 |
| bNII (bids above ₹10L) | 9.70 |
| sNII (bids below ₹10L) | 4.42 |
| Individual Investors (IND category bidding for 2 Lots) | 3.36 |
| Total ** | 6.20 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
9.85
Non-Institutional Buyers***
7.94
bNII (bids above ₹10L)
9.70
sNII (bids below ₹10L)
4.42
Individual Investors (IND category bidding for 2 Lots)
3.36
Total **
6.20
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Sep 24, 2025 | 1.11 | 0.04 | 0.02 | 0.10 | 0.07 | 0.36 |
| Day 2 Sep 25, 2025 | 1.18 | 0.26 | 0.28 | 0.22 | 0.45 | 0.62 |
| Day 3 Sep 26, 2025 | 9.85 | 7.94 | 9.70 | 4.42 | 3.36 | 6.20 |
DayDay 1
Sep 24, 2025
QIB (Ex Anchor)1.11
NII*0.04
NII (> ₹10L)0.02
NII (< ₹10L)0.10
Individual Investors0.07
Total0.36
DayDay 2
Sep 25, 2025
QIB (Ex Anchor)1.18
NII*0.26
NII (> ₹10L)0.28
NII (< ₹10L)0.22
Individual Investors0.45
Total0.62
DayDay 3
Sep 26, 2025
QIB (Ex Anchor)9.85
NII*7.94
NII (> ₹10L)9.70
NII (< ₹10L)4.42
Individual Investors3.36
Total6.20
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 01-10-2025 | 195.00 | 1(0.51%) | 196 |
| 30-09-2025 | 195.00 | 1(0.51%) | 196 |
| 29-09-2025 | 195.00 | 5(2.56%) | 200 |
| 28-09-2025 | 195.00 | 10(5.13%) | 205 |
| 27-09-2025 | 195.00 | 10(5.13%) | 205 |
| 26-09-2025 | 195.00 | 10(5.13%) | 205 |
| 25-09-2025 | 195.00 | 20(10.26%) | 215 |
| 24-09-2025 | 195.00 | 15(7.69%) | 210 |
| 23-09-2025 | 195.00 | 15(7.69%) | 210 |
| 22-09-2025 | 195.00 | 10(5.13%) | 205 |
| 21-09-2025 | 195.00 | 0(0.00%) | 195 |
| 20-09-2025 | 195.00 | 0(0.00%) | 195 |
| 19-09-2025 | 195.00 | 0(0.00%) | 195 |
| 18-09-2025 | 195.00 | 0(0.00%) | 195 |
Date01-10-2025
Price195.00
GMP1(0.51%)
Estimate List Price196
Date30-09-2025
Price195.00
GMP1(0.51%)
Estimate List Price196
Date29-09-2025
Price195.00
GMP5(2.56%)
Estimate List Price200
Date28-09-2025
Price195.00
GMP10(5.13%)
Estimate List Price205
Date27-09-2025
Price195.00
GMP10(5.13%)
Estimate List Price205
Date26-09-2025
Price195.00
GMP10(5.13%)
Estimate List Price205
Date25-09-2025
Price195.00
GMP20(10.26%)
Estimate List Price215
Date24-09-2025
Price195.00
GMP15(7.69%)
Estimate List Price210
Date23-09-2025
Price195.00
GMP15(7.69%)
Estimate List Price210
Date22-09-2025
Price195.00
GMP10(5.13%)
Estimate List Price205
Date21-09-2025
Price195.00
GMP0(0.00%)
Estimate List Price195
Date20-09-2025
Price195.00
GMP0(0.00%)
Estimate List Price195
Date19-09-2025
Price195.00
GMP0(0.00%)
Estimate List Price195
Date18-09-2025
Price195.00
GMP0(0.00%)
Estimate List Price195
IPO Important Dates
| IPO Open Date | Wed, Sep 24, 2025 |
| IPO Close Date | Fri, Sep 26, 2025 |
| Tentative Allotment | Mon, Sep 29, 2025 |
| Initiation of Refunds | Tue, Sep 30, 2025 |
| Credit of Shares to Demat | Tue, Sep 30, 2025 |
| Tentative Listing Date | Wed, Oct 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 26, 2025 |
IPO Open Date
Wed, Sep 24, 2025
IPO Close Date
Fri, Sep 26, 2025
Tentative Allotment
Mon, Sep 29, 2025
Initiation of Refunds
Tue, Sep 30, 2025
Credit of Shares to Demat
Tue, Sep 30, 2025
Tentative Listing Date
Wed, Oct 1, 2025
Cut-off time for UPI mandate confirmation
5 PM on Fri, Sep 26, 2025
IPO Lot Size
| 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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares1,200
Amount₹2,34,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares1,200
Amount₹2,34,000
ApplicationS-HNI (Min)
Lots3
Shares1,800
Amount₹3,51,000
ApplicationS-HNI (Max)
Lots8
Shares4,800
Amount₹9,36,000
ApplicationB-HNI (Min)
Lots9
Shares5,400
Amount₹10,53,000
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 2025205.71
31 Mar 2024161.55
31 Mar 2023130.34
Period EndedTotal Income
31 Mar 2025449.21
31 Mar 2024372.60
31 Mar 2023321.90
Period EndedProfit After Tax
31 Mar 202518.46
31 Mar 202412.41
31 Mar 20236.31
Period EndedEBITDA
31 Mar 202533.97
31 Mar 202424.10
31 Mar 202312.96
Period EndedNET Worth
31 Mar 202580.83
31 Mar 202462.37
31 Mar 202349.63
Period EndedReserves and Surplus
31 Mar 202564.03
31 Mar 202461.38
31 Mar 202348.98
Period EndedTotal Borrowing
31 Mar 202599.12
31 Mar 202479.00
31 Mar 202362.26
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|
| Systematic Industries Limited | 10.99 | 10.99 | 22.84 | ||
| Advait Infratech Ltd | 28.82 | 28.82 | 62.24 | 16.27 | |
| Bansal Wire Industries Limited | 9.73 | 9.73 | 36.66 | 11.53 |
Company NameSystematic Industries Limited
EPS (Basic)10.99
EPS (Diluted)10.99
P/E (x)
RoNW (%)22.84
Financial statements
Company NameAdvait Infratech Ltd
EPS (Basic)28.82
EPS (Diluted)28.82
P/E (x)62.24
RoNW (%)16.27
Financial statements
Company NameBansal Wire Industries Limited
EPS (Basic)9.73
EPS (Diluted)9.73
P/E (x)36.66
RoNW (%)11.53
Financial statements
IPO Reservation
| Market Maker Shares Offered | 3,00,000 (5.06%) |
| QIB Shares Offered | 28,13,400 (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 (14.24%) |
| − bNII > ₹10L | 5,62,800 (9.49%) |
| − sNII < ₹10L | 2,81,400 (4.75%) |
| Retail Shares Offered | 19,70,400 (33.24%) |
| Total Shares Offered | 59,28,000 (100.00%) |
Market Maker Shares Offered
3,00,000 (5.06%)
QIB Shares Offered
28,13,400 (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 (14.24%)
− bNII > ₹10L
5,62,800 (9.49%)
− sNII < ₹10L
2,81,400 (4.75%)
Retail Shares Offered
19,70,400 (33.24%)
Total Shares Offered
59,28,000 (100.00%)
Information about company
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:
Established factories with equipped machines, processes, and research and development.
Focus on Quality, Environment, Health and Safety.
Experienced Promoter backed by quality, R & D and sales & marketing team.
Objectives of IPO
The Company Systematic Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (in Millions)
1
Repayment and/or pre-payment, in full or part, of borrowing availed by the Company
950.00
2
General Corporate Purpose
Disclaimer
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