Systematic Industries's ₹116cr IPO opens for subscription today
Systematic Industries, a steel wires and cables maker, just opened its ₹116 crore IPO for subscription from September 24-26, inferred to be in 2025.
Shares are priced at ₹185-195 each. The offer includes a fresh issue of ₹107.8 crore and an OFS of ₹7.8 crore.
The company has 4 factories
The company supplies steel wires to sectors like power, telecom, infrastructure, and agriculture.
With four factories in Daman & Diu and Valsad (Gujarat), they can produce up to 100,000 metric tons a year.
Anchor investors already picked up ₹32.9 crore worth of shares on September 23.
Strong financial performance in FY25
In FY25, Systematic's revenue jumped 21% to ₹449 crore; profits climbed nearly 50% to ₹18.5 crore with improved margins too.
Most of the IPO money will be used to pay off about ₹95 crore in loans; the rest goes toward general business needs.