BSE SME IPO of Systematic Industries subscribed 33%

The initial public offer (IPO) of Systematic Industries received bids for 14,17,800 shares as against 42,40,200 shares on offer, as per BSE data as of 17:00 hours on Wednesday (24 September 2025). The issue was subscribed 0.33 times. The issue opened for bidding on Wednesday (24 September 2025) and it will close on Friday (26 September 2025). The price band of the IPO is fixed between Rs 185 to 195 per share. The minimum order quantity is 600 equity shares. The equity shares will list on BSE’s SME platform. The IPO comprised 59,28,000 equity shares, including a fresh issue of 55,28,000 equity shares and offer for sale (OFS) of 4,00,000 equity shares. The promoter and promoter group shareholding will dilute to 73.41% from 99.95% pre-issue. About 3,00,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 56,28,000 equity shares. The public offer and net offer will constitute 26.55% and 25.20% respectively of the post- offer paid-up equity share capital of the company. The company intends to utilize the net proceeds for repayment and pre-payment, in part or full, of certain borrowings availed by the company and general corporate purposes. Ahead of the IPO, Systematic Industries on Tuesday, 23 September 2025, raised Rs 32.91 crore from anchor investors. The board allotted 16.87 lakh shares at Rs 195 each to 15 anchor investors. Systematic Industries is engaged in the manufacturing and supply of various steel wires and cables, catering to the needs of power transmission, infrastructure, telecommunications, agro-based, and allied industries. Its product portfolio includes steel wires such as carbon steel wire, high carbon wire, mild steel wire, galvanized iron wire, cable armour wire, aluminium conductor steel-reinforced cable and aluminium clad steel wire. Additionally, the company offers optical ground wires and optical fibre cables, which possess electrical and mechanical properties suitable for applications in power generation, data transmission, and distribution—ensuring efficiency and reliability across the aforementioned industries. As of 31 July 2025, the company had a total of 413 employees across various levels of the organization. The company recorded revenue from operations of Rs 446.51 crore and net profit of Rs 18.46 crore for the year ended 31 March 2025.