- Price band
- To be announcedNot in this filing
- Issue size
- 59,28,000 sharesAmount set with price
- Face value
- ₹10per equity share
- Lot size
- To be announcedMin. investment shown once set
- Anchor biddingTue, 2025
- OpensWed, 2025
- ClosesFri, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 55,28,000 shares
- Offer for sale
- 4,00,000 shares
- Total issue
- 59,28,000 shares
- Market maker portion
- 3,00,000 shares
- Face value
- ₹10
- Listing at
- BSE SME
- Promoter holding
- 90.90% → 68.39%
- RHP date
- 17 Sept 2025
Source: Red Herring Prospectus dated 17 Sept 2025Updated
Reservation
Share of the total issue- QIB47.5%
- Retail33.2%
- NII14.2%
- Market maker5.1%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 19,70,400 | 35.01% | 35% |
| Non-institutional investors (NII) | 8,44,200 | 15.00% | 15% |
| Qualified institutional buyers (QIB) | 28,13,400 | 49.99% | 50% |
| Market maker | 3,00,000 | — | — |
Source: Red Herring Prospectus dated 17 Sept 2025Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
About the company
The company manufactures and supplies steel wires and cables, including optical ground wire and optical fibre cable, for power transmission, infrastructure, telecommunications and agro-based industries. It operates four factories in Dadra & Nagar Haveli and Daman & Diu and Gujarat, and exports to more than 30 countries.
- Incorporated
- 2000
- Industry
- Steel Wire and Cables
- CIN
- U27320MH2000PLC125313
- Website
- systematicindustries.com
Source: Red Herring Prospectus dated 17 Sept 2025Updated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Siddharth Rajendra Agarwal | Promoter | 89.99% | 67.71% | — |
| Satya Rajendra Agrawal | Promoter | 0.91% | 0.68% | — |
| Siddhant Ispat Private Limited | Selling shareholder | 9.04% | 5.01% | 4,00,000 |
Source: Red Herring Prospectus dated 17 Sept 2025Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Repayment or prepayment of certain borrowings | 95.00 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 17 Sept 2025Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Certified quality, environment and safety management systems with multiple BIS and other product approvals.
- Diversified customer base across power, infrastructure, telecom and agriculture industries.
- Own R&D department and in-house testing laboratory.
- Revenue from both domestic and export markets.
Risks
- Capital-intensive business dependent on debt funding, which raises finance cost risk.
- Pending environmental and fire approvals for several factories.
- Past non-compliance with certain Companies Act filing requirements.
- Dependence on steel industry for raw material supply and on power and infrastructure end-markets.
Source: Red Herring Prospectus dated 17 Sept 2025Updated
Documents
Contacts
Source: Red Herring Prospectus dated 17 Sept 2025Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
Source: Red Herring Prospectus dated 17 Sept 2025Updated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on BSE SME.
Frequently asked questions
When does the Systematic Industries IPO open and close?
According to the Red Herring Prospectus, the issue opens on Wednesday, 24 September 2025 and closes on Friday, 26 September 2025. These dates are tentative.
What is the Systematic Industries IPO price band?
The Red Herring Prospectus does not include a price band. The company announces it by advertisement before the issue opens, and this page is updated when it is filed.
Where will Systematic Industries shares list?
On BSE SME.
Who is the registrar of the issue?
Cameo Corporate Services Limited (SEBI registration INR000003753). Allotment status is checked on the registrar's website.
How do I check the Systematic Industries IPO allotment status?
Search by PAN, application number or DP/client ID on the registrar's website (Cameo Corporate Services Limited) or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹95 Cr for repayment or prepayment of certain borrowings, and the rest for the other stated purposes.
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Spotted something wrong?
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