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₹195 - 195
Systematic Industries Ltd
CablesIPOSME
₹195 - 195
Incorporated in year 2000, we are 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 of various steel wires and cables, catering to the needs of power transmission, infrastructure, telecommunications, agro-based and allied industries. Our product portfolio includes Steel wires such as Carbon steel wire (MS Wire), High carbon wire (HC Wire), Mild Steel (MS) Wire, Galvanized 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 has 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.
Lot600Min Invest₹2,34,000Face Value₹10Issue Size₹116 CrFresh Issue₹108 CrOffer for Sale₹8 CrListing Price₹194CMP₹243
Timeline
24 Sept
Bidding opens
26 Sept
Bidding closes
29 Sept
Allotment
30 Sept
Refund & demat credit
1 Oct
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹116 Cr0.59 Cr shares
Fresh Issue₹108 Cr
Offer for Sale₹8 Cr
Face Value₹10
Lot Size600 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹2,34,0001-1 lots
sNII₹2,34,000from 2 lots
bNII₹10,53,000from 9 lots
Managers & Registrar
Lead ManagerHEM Securities Ltd
RegistrarCameo Corporate Services Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrSiddhant Ispat Private LimitedPRMTR4,00,0007.80Total4,00,0007.80
Shareholding
CategoryPre IPOPost IPOPromoter Group99.95%73.41%Public0.05%26.59%
Objects of the Issue
- Repayment and/or Pre-Payment in full or part of borrowing availed by the company
- General corporate purpose
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 234 | 320 | 370 | 447 | 553 |
| Operating ProfitCr | 9 | 13 | 25 | 34 | 37 |
| OPM% | 3.8 | 4.2 | 6.6 | 7.7 | 6.6 |
| PBTCr | 5 | 8 | 17 | 24 | 28 |
| PATCr | 4 | 6 | 12 | 18 | 21 |
| EPS | 59 | 5 | 10 | 20 | 11 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 1 | 1 | 1 | 17 | 22 |
| ReservesCr | 43 | 49 | 61 | 64 | 179 |
| BorrowingsCr | 36 | 62 | 79 | 99 | 10 |
| Total AssetsCr | 89 | 130 | 162 | 200 | 235 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | -1 | -7 | 15 | 9 | 6 |
| Investing Cash FlowCr | -2 | -15 | -24 | -19 | -2 |
| Financing Cash FlowCr | 3 | 22 | 10 | 13 | 5 |
| Net Cash FlowCr | 0 | 0 | 0 | 2 | 8 |
Strengths & Risks
Strengths · as stated in the DRHP
- Established factories with equipped machines and processes and research and development.
- Catering to 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.
Strategies · as stated in the DRHP
- Technological advancement of factories.
- Augmenting growth in domestic and global markets.
- Branding and promotional activities.
- Continue to invest in R&D capabilities.
- Maintaining cordial relationship with our Suppliers and Customer.
Risks · as stated in the DRHP
- The company's business is capital intensive in nature for which the company need to raise additional funds whenever required. Such excessive dependency on debt funds for capital expansion may result into increase in finance cost to the company and impact the profitability of the company, which could materially and adversely affect the company's business, financial position and results of operations.
- The company requires certain approvals, licenses, registrations and permits to operate its business, and failures to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operate the company's business may adversely affect its operations and financial conditions.
- The company has not complied with certain statutory provisions of the Companies Act, 2013. Such non-compliance may attract penalties against the Company which could impact the financial position of the company to that extent.
- The company's reliance on certain industries for a significant portion of the company's sales could have an adverse effect on the company's business.
- The Company is dependent on limited number of suppliers, within limited geographical locations for procurement of raw materials. Any delay, interruption or reduction in the supply of raw materials required for the company's products may adversely affect its business, results of operations, cash flows and financial condition.
- The company is subject to strict quality requirements and the success and wide acceptability of the company's products is largely dependent upon our quality controls and standards. Any failures to comply with quality standards may adversely affect its business prospects and financial performance, including cancellation of existing and future orders.