Systematic Industries Limited is engaged in the manufacturing and supply of steel wires and cables, serving sectors such as power transmission, infrastructure, telecommunications, and agriculture.
The company’s product portfolio includes carbon steel wires (MS & HC Wire), mild steel wire, galvanized iron wire, cable armour wire, ACSR core wire, aluminium clad steel (ACS) wire, optical ground wires (OPGW), and optical fibre cables (OFC). These products are designed with strong electrical and mechanical properties to support power generation, data transmission, and distribution with high efficiency and reliability.
Systematic operates four factories – three in Dadra & Nagar Haveli and Daman & Diu, and one in Valsad, Gujarat – with a combined installed capacity of 1,00,000 MTPA. The company is ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certified, underscoring its focus on quality, environmental management, and workplace safety.
Its products are sold across 25 states and union territories in India and exported to 30+ countries, including Sri Lanka, Japan, Bhutan, Canada, and Brazil.
As of July 31, 2025, the company employed 413 people, with dedicated teams in Quality (17 employees) and R&D (15 employees), reflecting its emphasis on product development and process improvement.
Systematic Industries IPO – Details
| IPO Opening Date | 24 September 2025 |
| IPO Closing Date | 26 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 59,28,000 Shares Worth ₹115.60 Crore Fresh Issue: 55,28,000 Shares Worth ₹107.80 Crore Offer For Sale: 4,00,000 Shares Worth ₹7.80 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹185 – ₹195 per share |
| Market Lot | 600 Shares |
| Min Order | 600 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Cameo Corporate Services Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Systematic Industries IPO – Date Schedule
| IPO Open Date | 24 September 2025 |
| IPO Close Date | 26 September 2025 |
| Basis of Allotment | 29 September 2025 |
| Initiation of Refund | 30 September 2025 |
| Credit of Shares to Demat | 30 September 2025 |
| IPO Listing Date | 01 October 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 26, 2025 |
Systematic Industries IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | ₹2,34,000 |
| 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 |
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 Promoters
- Siddharth Rajendra Agarwal
- Satya Rajendra Agrawal
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹321.90 Cr | ₹313.43 Cr | ₹6.31 Cr | ₹62.26 Cr |
| 31 March 2024 | ₹372.60 Cr | ₹355.99 Cr | ₹12.41 Cr | ₹79.00 Cr |
| 31 March 2025 | ₹449.21 Cr | ₹424.39 Cr | ₹18.46 Cr | ₹99.12 Cr |
Key Performance Indicator
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.99 | 8.27 |
| P/E (x) | 17.75 | 23.59 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Repayment and/or pre-payment, in full or part, of borrowing availed by the Company. | ₹95.00 |
| General Corporate Purposes. | – |
✅Strengths
- Wide product portfolio (steel wires, ACS, OPGW, OFC) for power, infra, telecom & agro sectors.
- Large capacity (1,00,000 MTPA) with 4 factories; ISO-certified.
- Strong domestic & export presence (25 states, 30+ countries).
⚠️Risks
- Highly competitive industry with bigger players.
- Not fully insured against certain risks; legal disputes pending.
- High working capital borrowings and group company weaknesses.
Systematic Industries IPO Promoter Holding
| Pre Issue Share Holding | 99.95% |
| Post Issue Share Holding | 71.41% |
Systematic Industries IPO Prospectus
Company Contact Information
| Systematic Industries Ltd. 418, 4th Floor, Nirmal Corporate Center, L.B.S. Marg Mulund (West), Mumbai, Maharashtra, 400080 Phone: +91-22-41383900 Email: cs@systematicindustries.com Website: https://systematicindustries.com/ |
Systematic Industries IPO Registrar
| Cameo Corporate Services Ltd. Phone: +91-44-28460390 Email: ipo@cameoindia.com Website: https://ipo.cameoindia.com/ |
Systematic Industries IPO Lead Manager(s)
| 1. Hem Securities Ltd. |
Systematic Industries IPO FAQ
| What is Systematic Industries IPO? Systematic Industries IPO is an SME IPO. The issue is priced at ₹185 – ₹195 per equity share. The IPO is to be listed on BSE SME. |
| When Systematic Industries IPO will open? The IPO is to open on 24 September 2025 for QIB, NII, and Retail Investors. |
| What is Systematic Industries IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Systematic Industries IPO Size? Systematic Industries IPO size is ₹115.60 Crore. |
| What is Systematic Industries IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1200 Shares with ₹2,34,000 amount, while the maximum bid is 1200 Shares with ₹2,34,000. |
| What is the Systematic Industries IPO Allotment Date? Systematic Industries IPO allotment date is 29 September 2025. |
| What is the Systematic Industries IPO Listing Date? Systematic Industries IPO listing date is 01 October 2025. The IPO is to be listed on the BSE SME. |
