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Systematic Industries IPO
Price Band
₹185.0–195.0
Issue Size
₹115.6 Cr
Lot Size
600 shares
Min Investment
₹234,000
2 LOTS MIN
GMP
+₹1.0 (0.51%)
Issue Price
₹195.0
Subject to Sauda
₹500
Paid only if allotted
Systematic Industries IPO AI Summary
- Systematic Industries IPO is listed on BSE SME in the Cables - Electricals sector.
- Price band: ₹185.0–₹195.0 per share, lot size 600 shares (min. investment ₹234,000, 2 lots minimum).
- Subscription window: 24 Sep–26 Sep 2025, listing on 01 Oct 2025.
- Current GMP is +₹1.0 (0.51%), an estimated listing price of ₹196 — unofficial and can change daily.
Systematic Industries Limited is an established player in the steel wire industry, with a solid growth trajectory in revenue and profit. The company is set to utilize the IPO proceeds for debt repayment and corporate purposes, while its valuation appears competitive compared to peers.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Systematic Industries IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 26 Sep 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Systematic Industries IPO Grey Market Premium (GMP) Today
GMP
+₹1.0
GMP %
+0.51%
Est. Listing
₹196.0
Updated: 25 Jul 2026 14:12
About the 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.
Company Financials (₹ Cr)
As of 2025-03-31
| 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 |
Key Ratios
EPS
₹10.99
NAV
₹48.10
ROE
25.78%
ROCE
16.44%
RoNW
22.84%
P/B Value
4.05
P/E Ratio
17.75
Market Cap
₹435.46 Cr
PAT Margin
4.13%
Debt/Equity
1.23
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Bansal Wire Industries Limited | 11.53% | 36.66 | 9.73 | 9.73 |
| Advait Infratech Ltd | 16.27% | 62.24 | 28.82 | 28.82 |
| Systematic Industries Limited This IPO | 22.84% | — | 10.99 | 10.99 |
Promoters
Siddharth Rajendra Agarwal and Satya Rajendra Agrawal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment and/or pre-payment, in full or part, of borrowing availed by the Company 95.00 2 General Corporate Purposes 4.29 3 Issue Expenses 9.12 Total 108.41
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹321.90 Cr in the year ending 31 Mar 2023, rising to ₹372.60 Cr by 31 Mar 2024, and further increasing to ₹449.21 Cr by 31 Mar 2025. This shows a consistent upward trend in revenue over the three periods.
Profit Trend
Profit after tax was ₹6.31 Cr for the year ending 31 Mar 2023, which increased to ₹12.41 Cr by 31 Mar 2024, and further rose to ₹18.46 Cr by 31 Mar 2025. This indicates a positive growth trajectory in profitability across the periods.
Valuation
With an EPS of ₹10.99 at the issue price of ₹195.0, Systematic Industries is priced at a P/E of approximately 17.75. In comparison, peers are trading at P/E ratios ranging from 36.66 to 62.24.
Grey Market Premium, Explained
The grey market premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics in the grey market, where shares are traded before they are officially listed on the stock exchange.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market position.
Who May Want to Wait
Investors with a low risk appetite or those seeking stable returns may want to avoid IPOs, as they can be subject to high volatility and uncertain market conditions.
IPO Timeline, Explained
The IPO opens on 24 September 2025 and closes on 26 September 2025. The allotment date is set for 29 September 2025, with the listing date on 1 October 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange. However, these gains are not guaranteed and can be influenced by market conditions and investor sentiment on the listing day.
This evaluation is generated from Systematic Industries's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Systematic Industries IPO GMP today?
Systematic Industries IPO GMP today is +₹1.0 (0.51%), indicating an estimated listing price of ₹196. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Systematic Industries IPO?
The price band of Systematic Industries IPO is ₹185.0–₹195.0 per share.
When does Systematic Industries IPO open and close?
Systematic Industries IPO opens on 24 September 2025 and closes on 26 September 2025.
When does Systematic Industries IPO list on the stock exchange?
Systematic Industries IPO listed on 01 October 2025 at ₹196.0.
What is the lot size for Systematic Industries IPO?
The lot size for Systematic Industries IPO is 600 shares, requiring a minimum investment of ₹234,000 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹185.0 to ₹195.0.
What is the minimum investment required?
The minimum investment required is ₹234,000, based on a lot size of 600 shares at the issue price.
When is the listing date?
The listing date is scheduled for 1 October 2025.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected price of the shares on listing day based on unofficial trading.
Who are the lead managers for this IPO?
The lead manager for this IPO is Hem Securities Ltd.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
24 Sep 2025
Close
26 Sep 2025
Allotment
29 Sep 2025
Listing
01 Oct 2025
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