Systematic Industries Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹195
Per ShareLot Size
600 Shares
Minimum Investment
₹1,17,000
Issue Size
₹115.6 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Systematic Industries Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.95%
Promoter Holding (Post-Issue)
73.41%
Issue Type
Book Building - SME
ISIN
INE1KLZ01011
About the Company
Incorporated in year 2000, we are an ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certified company operating in the steel wire industry and engaged in the business of manufacturing and supplying of various steel wires and cables, catering to the needs of power transmission, infrastructure, telecommunications, agro-based and allied industries. Our product portfolio includes Steel wires such as Carbon steel wire (MS Wire), High carbon wire (HC Wire), Mild Steel (MS) Wire, Galvanized Iron (GI) Wire, Cable Armour Wire, Aluminium conductor steel-reinforced cable (ACSR Core wire), Aluminium Clad Steel (ACS) Wire etc. along with Optical Ground Wires (OPGW) and Optical Fibre Cable (OFC), which has electrical and mechanical properties that are suitable for applications in power generation, data transmission and distribution, thus, ensuring efficiency and reliability across various aforementioned industries.
Industry Overview
The market size of Steel Wire Industry grew at a CAGR of 7.6% from CY19 to CY24 reaching an estimated market size of USD 113.4 billion by CY24. It is further projected to grow at a CAGR of 6% from CY24 to CY30 reaching market size of USD 161.2 billion by CY30.Steel wires are indispensable across a wide range of industries due to their remarkable strength, durability, and versatility. As of CY24 Automotive, Construction, and Telecommunication Industry hold the top three positions by market share for steel wire usage in end user industry, each accounting share of 21.1%, 16.1%, and 16%, respectively. They are also projected to hold the top three positions by CY30 with market shares of 22.1%, 16.1%, and 15.7% respectively. The top players in the industry include Tata Wires, Bansal Group, Systematic Group, and others, amongst which, Systematic Group holds the 3rd position in terms of installed capacity.
Company History
Our Company was incorporated on March 24, 2000 as "Systematic Intel Industries Limited" a Public Limited Company under the provisions of the Companies Act, 1956 pursuant to a Certificate of Incorporation issued by the Registrar of Companies, Mumbai bearing registration number 11-125313. We commenced commercial operations pursuant to a Certificate for Commencement of Business dated November 14, 2002 issued by the Registrar of Companies, Mumbai. Thereafter, our Company was converted into a private limited company, pursuant to a special resolution passed by the members of our Company at the Extra Ordinary General Meeting held on May 20, 2003 and consequently, the name of our Company was changed from "Systematic Intel Industries Limited" to "Systematic Intel Industries Private Limited" vide a fresh Certificate of Incorporation consequent upon Change of Name was issued by the Registrar of Companies, Mumbai dated August 01, 2003. Further, a fresh Certificate of Registration of the Special Resolution consequent upon Alteration of Object Clause(s) dated September 10, 2003 issued by Registrar of Companies, Mumbai. Thereafter, pursuant to a special resolution passed by the members of our Company at the Extra Ordinary General Meeting held on April 09, 2012, the name of our Company was changed from "Systematic Intel Industries Private Limited" to "Systematic Industries Private Limited" vide a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Mumbai vide certificate on April 26, 2012 bearing U25200MH2000PTC125313. Subsequently, our Company was converted into a public limited company, pursuant to a special resolution passed by the members of our Company at the Extra Ordinary General Meeting held on November 12, 2024 and consequently, the name of our Company was changed from "Systematic Industries Private Limited" to "Systematic Industries Limited" vide a fresh Certificate of Incorporation consequent upon Conversion to public company dated December 06, 2024, issued to our Company by the Registrar of Companies, Central Processing Centre, Manesar bearing U25200MH2000PLC125313. Further, a fresh Certificate of Registration of the Special Resolution consequent upon Alteration of Object Clause(s) dated March 27, 2025 issued by the Registrar of Companies, Central Processing Centre, Manesar, bearing CIN: U27320MH2000PLC125313.
Products & Services
- The Company is operating in the steel wire industry and engaged in the business of manufacturing and supplying of various steel wires and cables, catering to the needs of power transmission, infrastructure, telecom., agro-based & allied industries.
Growth Strategy
- Technological advancement of factories.
- Augmenting growth in domestic and global markets.
- Branding and promotional activities.
- Continue to invest in R&D capabilities.
- Maintaining cordial relationship with our Suppliers and Customer.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 59,28,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Systematic Industries Limited ("the Company" or "the Issuer") at an offer price of Rs. 195 per equity share (Including a Share Premium of Rs. 185 per Equity Share) for cash, Aggregating up to Rs. 115.60 crores comprising of a fresh issue of up to 55,28,000 equity shares of face value of Rs. 10/- each aggregating to Rs. 107.80 crores (the "Fresh Issue") and an offer for sale of up to 4,00,000 equity shares of face value of Rs. 10/- each by the Siddhant Ispat Private Limited (the "Selling Shareholder") aggregating to Rs. 7.8 crores ("Offer for Sale") ("Public Offer"). The offer includes a Reservation of up to 3,00,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 195 per equity share for cash, aggregating Rs. 5.85 crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. net offer of up to 56,28,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 195 per equity share for cash, aggregating up to Rs. 109.75 crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 26.55 % and 25.2 % respectively of the post-offer paid-up equity share capital of the company. Price Band: Rs. 185/- to Rs. 195/- for equity share of face value of Rs. 10 each. The floor price is 18.50 times times the face value and cap price is 19.50 times of the face value of the equity shares. Bids can made for a minimum of 1,200 equity shares and in multiples of 600 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Established factories with equipped machines and processes and research and development.
- Catering to wide range of industries.
- Focus on Quality, Environment, Health and Safety.
- Revenue from multiple geographies.
- Experienced Promoter backed by quality, R & D and sales & marketing team.
- The company's business is capital intensive in nature for which the company need to raise additional funds whenever required. Such excessive dependency on debt funds for capital expansion may result into increase in finance cost to the company and impact the profitability of the company, which could materially and adversely affect the company's business, financial position and results of operations.
- The company requires certain approvals, licenses, registrations and permits to operate its business, and failures to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operate the company's business may adversely affect its operations and financial conditions.
- The company has not complied with certain statutory provisions of the Companies Act, 2013. Such non-compliance may attract penalties against the Company which could impact the financial position of the company to that extent.
- The company's reliance on certain industries for a significant portion of the company's sales could have an adverse effect on the company's business.
- The Company is dependent on limited number of suppliers, within limited geographical locations for procurement of raw materials. Any delay, interruption or reduction in the supply of raw materials required for the company's products may adversely affect its business, results of operations, cash flows and financial condition.