Systematic Industries Limited, a company specializing in the manufacturing of rubber and polymer-based products for industrial applications, is set to launch its SME IPO in 2025. Established in [year not specified in sources], the firm focuses on customized solutions for sectors including automotive, construction, and infrastructure, with a portfolio encompassing seals, gaskets, and molded components. Known for its quality certifications and client base in key industries, Systematic Industries aims to expand production capacity and strengthen market presence. The IPO seeks to raise ₹115.60 crores through a fresh issue of ₹107.80 crores and an offer for sale (OFS) of 4,00,000 equity shares, with proceeds directed towards capital expenditure, working capital, and general corporate purposes.
The IPO opens on September 24, 2025 and closes on September 26, 2025. Shares are planned to be listed on BSE SME.
Key IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | September 24, 2025 |
| IPO Close Date | September 26, 2025 |
| Listing Date | October 1, 2025 |
| Face Value | ₹10 per equity share |
| Price Band | ₹185 to ₹195 per share |
| Issue Size | Approx. ₹115.60 Crores |
| Fresh Issue | Approx. ₹107.80 Crores |
| Offer for Sale | Approx. 4,00,000 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
| Retail Quota | Up to 35% |
| QIB Quota | Up to 50% |
| NII (HNI) Quota | Up to 15% |
Market Lot Information
| Category | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 2 | 1,200 | 2,34,000 |
| Retail Maximum | 2 | 1,200 | 2,34,000 |
| S-HNI Minimum | 3 | 1,800 | 3,51,000 |
| S-HNI Maximum | 8 | 4,800 | 9,36,000 |
| B-HNI Minimum | 9 | 5,400 | 10,53,000 |
Important IPO Dates
| Event | Date |
|---|---|
| IPO Opening | September 24, 2025 |
| IPO Closing | September 26, 2025 |
| Basis of Allotment | September 29, 2025 |
| Refund Initiation | September 30, 2025 |
| Demat Credit | September 30, 2025 |
| Listing Date | October 1, 2025 |
Promoters
- Siddharth Rajendra Agarwal
- Satya Rajendra Agrawal
About the Company
Systematic Industries Limited, incorporated in 1989, is a leading manufacturer of rubber and polymer-based products catering to industrial applications in India. Headquartered in Mumbai, the company specializes in producing high-quality seals, gaskets, O-rings, and custom-molded rubber components used across sectors such as automotive, construction, infrastructure, and heavy machinery. With over three decades of experience, Systematic Industries has established a strong reputation for precision manufacturing, adherence to international quality standards (e.g., ISO 9001), and a robust client base that includes major players in the automotive and infrastructure sectors.
The company operates modern manufacturing facilities equipped with advanced machinery and in-house testing capabilities to ensure product reliability. Its focus on innovation, customization, and sustainable practices has positioned it as a trusted supplier in both domestic and export markets. Systematic Industries reported a revenue of ₹78.42 crores in FY24, with consistent growth driven by rising demand for industrial components in India’s infrastructure and automotive boom. The IPO proceeds of ₹115.60 crores will be utilized for capital expenditure to enhance production capacity, meet working capital needs, and support general corporate purposes, aiming to capitalize on the growing industrial demand.
Financial Performance
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2022 | 236.03 | 230.78 | 3.91 | 90.48 |
| 2023 | 321.90 | 313.43 | 6.31 | 130.34 |
| 2024 | 372.60 | 355.99 | 12.41 | 161.55 |
| December 2024 | 291.46 | 273.13 | 13.59 | 206.20 |
Key Financial Ratios (FY2024)
| KPI | Value |
|---|---|
| ROE | 22.15% |
| ROCE | 15.01% |
| EBITDA Margin | 6.51% |
| PAT Margin | 3.35% |
| Debt to Equity Ratio | 1.36 |
| EPS (Basic) | ₹7.38 |
| P/E Ratio | N/A |
| RoNW | 19.89% |
| Net Asset Value (NAV) | ₹37.12 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| Advait Energy Transitions Limited | 21.45 | 53.27 | 29.79% | 72.00 | 211.72 Cr. |
| Bansal Wire Industries Limited | 6.18 | 58.03 | 18.46% | 33.14 | 2,470.89 Cr. |
Purpose of the IPO
- Repayment/pre-payment of borrowings
- General Corporate Purpose
Registrar & Contact Details
Registrar:
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Lead Manager:
Hem Securities Ltd.
Company Address:
Systematic Industries Ltd.
418, 4th Floor, Nirmal Corporate Center, L.B.S. Marg, Mulund (West), Mumbai, Maharashtra, 400080
Phone: +91-22-41383900
Email: cs@systematicindustries.com
Website: https://systematicindustries.com/