Systematic Industries Limited, established in 2000, is a manufacturer and supplier of a diverse range of steel wires and cables. The company serves various sectors including power transmission, infrastructure, telecommunications, and agriculture. Its product portfolio features Carbon Steel Wire, Galvanized Iron (GI) Wire, Aluminium Conductor Steel-Reinforced (ACSR) Core Wire, and newly introduced Optical Ground Wires (OPGW) and Optical Fibre Cables (OFC). Operating from four manufacturing facilities in Gujarat and Dadra & Nagar Haveli, the company has a combined installed capacity of 100,000 MTPA for steel wires. Systematic Industries Limited holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications and exports its products to over 30 countries.
Opening Date
Sep 24, 2025
Closing Date
Sep 26, 2025
Listing Date
Oct 01, 2025
IPO Type
SME
IPO Status
Closed
Issue Size
115.6 Cr
Fresh Issue
107.8 Cr
Offer for Sale
7.8 Cr
Price Band
₹185 - ₹195
Lot Size
600
Our Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company, amounting to ₹95.00 crores, to reduce outstanding indebtedness and debt servicing costs.
Funding general corporate purposes, which may include strategic initiatives, meeting business exigencies, brand building, and servicing of borrowings.
P/E Ratio
12.24
EPS
15.57
ROE
25.78%
ROCE
16.44%
RONW
22.84%
Debt to Equity Ratio
1.23
PAT Margin
4.13%
EBITDA Margin
7.61%
P/B
4.05
Established manufacturing facilities with a total capacity of 100,000 MTPA, equipped with modern machinery and in-house R&D capabilities.
Diverse product portfolio catering to a wide range of industries including power transmission, infrastructure, telecommunications, and agriculture.
Strong focus on quality, environment, health, and safety, backed by ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications.
Diversified revenue stream from multiple domestic geographies across 25 states and exports to over 30 countries.
Significant reliance on the steel industry for the purchase of major raw materials, exposing the business to price volatility and supply disruptions.
Potential for conflicts of interest arising from transactions with affiliated companies, the promoter group, and other related parties.
Inability to retain key managerial personnel and other skilled employees could adversely impact business operations and growth.
Failure to keep pace with rapid technological advancements could lead to product obsolescence and loss of competitive advantage.
Growing market for steel wire, driven by increased investments in infrastructure, construction, and automotive sectors globally.
Government initiatives like the National Infrastructure Pipeline (NIP) are expected to boost demand for steel wires and cables in India.
Potential to expand into new domestic and international markets, leveraging the 'One Star Export House' status.
Increasing demand for Optical Fibre Cables (OFC) due to rising digitization and telecommunication infrastructure development.
Adverse global economic and geopolitical conditions, including trade wars and regional conflicts, could impact international sales and market stability.
Changes in laws, rules, and regulations in India, including adverse applications of tax laws, may negatively affect business and financial performance.
Intense competition from both domestic and international players in the steel wire manufacturing industry.
Instability in financial markets, currency fluctuations, and rising interest rates could materially affect profitability and financing costs.