Systematic Industries IPO Sees Strong Demand, Subscribed 6.20x by Day 3

Systematic Industries Limited's initial public offering (IPO) has demonstrated strong investor interest through its third and final day of subscription, with Systematic Industries' stock price set at ₹185-195 per share reflecting positive market reception. The ₹115.60 crore IPO reached 6.20 times by 5:04:42 PM on day three, indicating strong investor interest in this steel wire and cables manufacturing company incorporated in 2000.

Systematic Industries IPO qualified institutional buyers (ex-anchor) segment leads with strong 9.85 times subscription, whilst non-institutional buyers demonstrate strong participation at 7.94 times and individual investors show strong interest at 3.36 times, whilst anchor investors show complete participation at 1.00 times, reflecting positive investor confidence in this Daman-based steel wire manufacturer. Systematic Industries IPO subscription reached strong 6.20 times on day three, led by Qualified Institutional Buyers Ex-Anchor (9.85x), Non-Institutional Investors (7.94x), and Individual Investors (3.36x). Total applications reached 7,017.

IPO Subscription Status

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Subscription Details (Day 3 – September 26, 2025, 5:04:42 PM)

Total Applications: 7,017

Key Highlights - Day 3:

• Overall subscription reached a strong 6.20 times, showing substantial improvement from day two's 0.62 times.
• Qualified institutional buyers (ex-anchor) showing strong performance at 9.85 times, building substantially from day two's 1.18 times.
• Non-institutional investors displayed a strong interest at 7.94 times, building substantially from day two's 0.26 times.
• Individual investors are showing strong confidence at 3.36 times, building substantially from day two's 0.45 times.
• Total applications reached 7,017, indicating good investor participation for this SME IPO.
• Cumulative bid amount reached ₹476.05 crores, significantly exceeding the issue size of ₹115.60 crores.
• Anchor investors fully subscribed at ₹32.91 crores as expected.

Systematic Industries IPO - Day 2 Subscription at 0.62 Times

• Overall subscription reached a limited 0.62 times, showing improvement from day one's 0.36 times.
• Qualified institutional buyers (ex-anchor) showing moderate performance at 1.18 times, building marginally from day one's 1.11 times.
• Individual investors displayed limited confidence at 0.45 times, building substantially from day one's 0.07 times.
• Non-institutional investors showed limited performance at 0.26 times, building substantially from day one's 0.04 times.

Systematic Industries IPO - Day 1 Subscription at 0.36 Times

• Overall subscription reached a limited 0.36 times, showing cautious initial investor interest.
• Qualified institutional buyers are showing moderate performance at 1.11 times, indicating decent institutional appetite.
• Individual investors are displaying minimal confidence at 0.07 times, showing very weak retail sentiment.
• Non-institutional investors are showing minimal performance at 0.04 times, indicating very weak HNI appetite.

About Systematic Industries Limited

Systematic Industries Limited operates in the steel wire industry, manufacturing and supplying steel wires and cables for power transmission, infrastructure, telecommunications, and agro-based sectors, operating four factories across Daman & Diu and Gujarat with combined capacity of 1,00,000 MTPA and export presence in over 30 countries.