At the upper price band, the company will command a post-issue market capitalisation of about Rs 435 crore. In the grey market, the stock is quoting at a premium of Rs 14, indicating an expected listing gain of nearly 7%.
Business profile
Systematic Industries manufactures and supplies steel wires and cables catering to power transmission, infrastructure, telecom, and agriculture sectors.Its product portfolio spans carbon steel wires, high-carbon wires, galvanized iron wires, cable armour wires, ACSR core wires, aluminium-clad steel wires, and optical ground wires.
The company operates four factories—three in Daman & Diu and one in Valsad, Gujarat—with an installed capacity of 1,00,000 MTPA. Its products are sold across 25 states and exported to over 30 countries, including Sri Lanka, Japan, Canada, and Brazil.
Financial performance
The company has delivered consistent growth, with revenue rising 21% year-on-year to Rs 449 crore in FY25, compared to Rs 373 crore in FY24. Net profit surged 49% to Rs 18.5 crore in FY25, while EBITDA margins improved to 7.6%.
IPO details and allocation
Investors can bid for a minimum of 1,200 shares, requiring an outlay of Rs 2.34 lakh. Of the total issue, 47.5% is reserved for QIBs, 14.2% for NIIs, and 33.2% for retail investors.
The company raised Rs 32.9 crore from anchor investors on September 23.
Use of proceeds
Funds raised will go towards repayment of borrowings amounting to Rs 95 crore, with the balance earmarked for general corporate purposes.
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