Systematic Industries IPO

About Systematic Industries IPO

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include 52,28,000 shares (aggregating up to ₹101.95 crore). The offer for sale portion includes 4,00,000 shares of ₹10 (aggregating up to ₹7.80 crore). The total number of shares is 59,28,000 and aggregate amount is ₹115.60 crore.

The IPO opens on Sep 24, 2025 and closes on Sep 29, 2025. The tentative allotment date is Sep 29, 2025. The tentative listing date is Oct 1, 2025. The credit of shares to the demat account will take place on Sep 30, 2025. The initiation of refunds will take place on Sep 30, 2025.

Systematic Industries Limited is one of the established companies in the manufacture and supply of a range of products, particularly in the fields of Power & Transmission, Infrastructure, Automobile, Agriculture and Telecom. The company has multiple factories at different locations with a capacity of 1,00,000 MTPA across various products, industries and regions. They also manufacture Optical Ground Wire (OPGW - 6000 KM Annual Capacity), Optic Fibre Cables (48000 KM Annual Capacity), galvanised wire, wires for power industries, and high and low carbon steel wires, etc. (Source: CareEdge Report).

Objectives of Systematic Industries IPO

• Repayment and/or prepayment, in full or in part, of borrowings availed by the company.
  
• General corporate purposes.
  

Industry Outlook

The market size of the steel wire industry grew at a CAGR of 7.6% from CY19 to CY24, reaching an estimated market size of USD 11,340 crore by CY24. It is further projected to grow at a CAGR of 6% from CY24 to CY30, reaching a market size of USD 16,120 crore by CY30. Steel wires are indispensable across a wide range of industries due to their remarkable strength, durability, and versatility. As of CY24, the automotive, construction, and telecommunication industries hold the top three positions by market share for steel wire usage in end user industries, each accounting for a 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 (Source: CareEdge Report).

Company Information

Incorporated in the year 2000, Systematic Industries Limited is 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 various steel wires and cables, catering to the needs of power transmission, infrastructure, telecommunications, agro-based and allied industries. Their product portfolio includes steel wires such as carbon steel wire (MS wire), high carbon wire (HC wire), mild steel (MS) wire, galvanised 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 have 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.

The company started its operations with a factory situated at Village Sayli, Silvassa in Dadra & Nagar Haveli and Daman & Diu, where they manufactured and supplied steel wires. Gradually, they expanded their verticals by venturing into manufacturing various other steel wire products such as mild steel (MS) wire, galvanised iron (GI) wire, aluminium clad steel (ACS) wire etc.

They sell their products in approximately 25 states & union territories in India and also export their products to more than 30 countries such as Sri Lanka, Japan, Bhutan, Canada, Brazil etc.

Strengths of Systematic Industries IPO

• Established factories with equipped machines and processes and research and development.
  
• Catering to a 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.
  

Risks of Systematic Industries IPO

• Any delay, interruption or reduction in the supply of raw materials required for their products.
  
• Any slowdown or shutdown in their manufacturing operations due to power failure, machinery breakdown or strikes, work stoppages or increased wage demands by their employees that could interfere with their operations.
  
• Reliance on certain industries for a majority of their sales could impact the business
  
• Any adverse changes in the conditions affecting the steel wires market.
  
• Unavailability or shortage of skilled labour or quality technicians.
  

Notes:
(i) Source-All the financial information for listed industry peer "Advait Energy Transitions Limited", mentioned above is sourced from the Annual Reports of the company for the year ended March 31, 2025, March 31, 2024 and March 31, 2023 and for Bansal Wire Industries Limited the same is sourced from , prospectus filed with stock exchange dated July 05, 2024 for FY 2023-24 & FY 2022-23 and from the Annual Reports for FY 2024-25.

(ii) Market Price for the listed peer mentioned above is sourced from stock exchange data dated September 11, 2025 to compute the corresponding financial ratios.

(iii) Further, P/E Ratio is based on the current market price of the respective scrips available on BSE and NSE.

(iv) The EPS, NAV, RoNW and Total Income of our Company are taken as per Restated Financial Statement for the Financial Year 2024-25.

(v) NAV per share is computed as the closing net worth divided by the closing outstanding number of paid-up equity shares.

(vi) P/E Ratio of the peer companies are based on the audited financial results of the company for the year ended March 31, 2025.

(vii) RoNW has been computed as net profit after tax divided by closing net worth.

(viii) Net worth has been computed in the manner as specifies in Regulation 2(1)(hh) of SEBI (ICDR) Regulations, 2018.

(ix) The face value of Equity Shares of our Company is ₹10/- per Equity Share and the Offer price is times the face value of equity share.

Anchor Investor Bidding Date: Tuesday, 23 September 2025

Registrar: Cameo Corporate Services Limited
Book Running Lead Managers: Hem Securities Limited

Business Model

The company earns its revenue through manufacturing and supplying various steel wires and cables, catering to the needs of power transmission, infrastructure, telecommunications, agro-based and allied industries.

Company Growth Trajectory

(Based on Restated Financial Statements) The total income of Systematic Industries Limited for the financial year 2024-25 stood at ₹449.21 crore, whereas in the financial year 2023-24 the same stood at ₹372.60 crore, representing an increase of 20.56%.

During the financial year 2024-25, the net revenue from operations of their company increased to ₹446.51 crore as against ₹370.31 crore in the financial year 2023-24, representing an increase of 20.58%. The main reason for the increase in revenue is due to an increase in the sale of various steel wires.

During the financial year 2024-25, the other income of their company increased to ₹2.69 crore as against ₹2.30 crore in the financial year 2023-24, representing an increase of 17.32%. The increase in other income was majorly due to an increase in interest income and commission income.

The company reported restated profit after tax for the financial year 2024-25 of ₹18.46 crore in comparison to ₹12.41 crore in the financial year 2023-24.

Company Market Position

The company has diversified revenue from multiple geographical locations across India and a portion of revenue from outside India from more than 30 countries such as Sri Lanka, Japan, Bhutan, Canada, Brazil, etc. They have generated around 92.85%, 90.54%, and 92.19% of their total revenue from domestic sales for the fiscal years ending 2025, 2024 and 2023 respectively and generated around 7.15%, 9.46% and 7.81% of their total revenue from export sales for the fiscal years ending 2025, 2024 and 2023 respectively. Currently, they market their products to more than 30 countries and gradually they intend to expand their business operations to other geographical locations as well. This consistent growth underscores their commitment to exploring new opportunities and strengthening their global reach. Their presence in multiple geographies not only helps them in expanding their customer base but also helps them by keeping themselves in tune with the latest technological advancements worldwide and helps them to mitigate risk for any unforeseen circumstances in the domestic market and expand their business operations.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹449.206 crores, ₹18.461 crores, and ₹33.971 crores, respectively.

How to check allotment status of Systematic Industries IPO?

1. Visit the Registrar's Website

To check the IPO allotment status for Systematic Industries Limited IPO, visit the official website of Cameo Corporate Services Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the ‘Submit’ button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.

2. Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page.

On the BSE IPO page, follow these steps

• Select 'Equity' from the dropdown menu
  
• Choose 'Systematic Industries Limited' in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click 'Search'
  

Your Systematic Industries Limited IPO allotment status will be displayed.

3. Verify on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check Systematic Industries Limited IPO allotment status.

Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.
On the NSE IPO Bid Verification page, enter:

• Application number
  
• PAN
  

Then click 'Submit'. Your Systematic Industries Limited IPO bid and allotment details will be displayed.

How to apply for Systematic Industries IPO?

• Step 1: Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
  
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
  
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.