📞Call us
+91 80629 16290
Systematic Industries Ltd IPO
Status:
Overview
IPO date
24 Sept 2025 to 26 Sept 2025
Face value
₹ 10 per share
Price
₹ 185 to ₹195 per share
Issue Size
5,928,000 shares
(aggregating up to ₹ 115.6 Cr)
(aggregating up to ₹ 115.6 Cr)
Allotment Date
29 Sept 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Unlock Stock of the Month
T&C*
Strengths vs Risks of Systematic Industries Ltd
Know the pros & cons
Strengths
- 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.
Risks
- 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.
- The company does not own the registered office, office and one factory from which the company carry out its business activities. In case of nonrenewal of rent agreements or dispute in relation to use of the said premise, the company's business and results of operations can be adversely affected.
- The company's business is dependent and will continue to depends on the company's factories, and the company is subject to certain risks in the company's manufacturing process. Any slowdown or shutdown in the company's manufacturing operations due to power failures, machinery breakdown or strikes, work stoppages or increased wage demands by its employees that could interfere with its operations could have an adverse effect on the company's business, financial condition and results of operations.
- The company has experienced negative operating cash flows in the past. Any operating losses or negative cash flows in the future could adversely affect its results of operations and financial conditions.
- The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
- The company's business operations are concentrated in certain geographical regions and the company generates major portion of turnover from these regions or nearby regions only. Any adverse developments affecting its operations in these regions could have an adverse impact on the company's revenue and results of operations.
- Any failures to adapt to industry trends, evolving automated technologies, precision working and quality management to meet its customers' demands may materially and adversely affect the company's business and results of operations.
- Trade receivables and Inventories form a major part of the company's current assets. Failures to manage its inventory and trade receivables could have an adverse effect on the company's sales, profitability, cash flow and liquidity.
- The Company, Promoters and Directors are party to certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render us/ them liable to liabilities/ penalties/ prosecutions and may adversely affect its business and results of operations.
- The company is dependents on the performance of the steel wires market. Any adverse changes in the conditions affecting the steel wires market can adversely impact its business, financial condition, results of operations, cash flows and prospects.
- The company has significant power and fuel requirements and any disruption to power sources could increase its production costs and adversely affect the company's results of operations and cash flows.
- Unavailability or shortage of skilled labour or quality technicians may have an adverse impact on the company's business and results of operations.
- The company is exposed to foreign currency fluctuation risks, in relation to export of products and import of material, which may affect its results of operations, financial condition and cash flows.
- Two of the company's group companies are into similar line of business which can affect the company because of the Potential Conflict of Interest.
- An inability to effectively utilize its existing manufacturing capacities could have an adverse effect on the company's business, future prospects and future financial performance.
- A notable portion of the company's revenue is from limited number of customers, the loss of such customers, the deterioration of their financial position or prospects, or a reduction in their demand for the company's products could affect its business, financial position and future prospects of the Company.
- The company's insurance coverage may not be adequate to protect the company against all potential losses to which the company may be subject and this may have a material effect on the company's business and financial condition.
- The company operates in competitive markets and may faces competition from different players in the market which may have an adverse effect on the company's business, cash flows, financial condition and results of operations.
- One of the company's Promoter Group member i.e. Rajendra Jaganprasad Agrawal was director in the company "Asian Vegpro Industries Limited" ("AVIL"), which is delisted by the BSE Limited (BSE) & Calcutta Stock Exchange (CSE) in past for violation of provision of SEBI (LODR) Regulation, 2015.
- Company has faced multiple instances of changes in the statutory auditor of the company in past.
- The company has incurred indebtedness which exposes the company to various risks which may have an effect on the company's business and results of operations.
- Adverse publicity regarding the company's products could negatively impact the company.
- The company's historical performance is not indicative of its future growth or financial results and the company may not be able to sustain its historical growth rates.
- The company may not be able to adequately protect or continue to use its intellectual property.
- If the company is unable to manage its growth effectively and further expand into new markets the company's business, future financial performance and results of operations could be materially and adversely affected.
- Compliance with, and changes in, safety, health and environmental laws and labour regulations may adversely affect its business, prospects, financial condition and results of operations.
- Dependence upon transportation services for supply and transportation of the company's products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.
- The company's contingent liabilities as stated in the company's Restated Financial Statements could affect its financial condition.
- The company's Group Companies had incurred losses and had negative net worth in past and any operating losses in the future could adversely affect the results of operations and financial conditions of the company's group companies.
- The activities carried out at the company's factories can cause injury to people or property in certain circumstances.
- Some of the vehicles appearing in the company's books of accounts are not registered in the name of the Company.
- The company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
- Loans availed by the Company has been secured on guarantees of its promoter.
- The company's lenders have charge over its immovable and movable properties in respect of finance availed by the company.
- The company is dependents on the company's Board, Promoters, key managerial personnel and senior management, and the loss of, or the company's inability to attract or retain, such persons could affect its business, results of operations, financial condition and cash flows.
- The company's actual results could differ from the estimates and projections used to prepare its financial statements.
- The Company will not receive any proceeds from the Offer for Sale portion, and the Selling Shareholder shall be entitled to the Offer Proceeds to the extent of the Equity Shares offered by the Selling Shareholder in the Offer for Sale.
- The Company has taken unsecured loans that may be recalled by the lenders at any time.
- The company may not be successful in implementing its business strategies.
- The company has issued Equity Shares in the last 12 months at a price which could be lower than the Issue Price.
- The average cost of acquisition of Equity Shares by the company's Promoters is lower than the face value of Equity Share.
- The company's Promoter and the Promoter Group will jointly continue to retain majority shareholding in the Company after the Offer, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
- The company is subject to the risk of failure of, or a material weakness in, the company's internal control systems.
- Any actual or perceived cybersecurity, data or privacy breach could interrupt the company's operations and adversely affect its reputation, brand, business, financial condition and results of operations.
- Certain key performance indicators for certain listed industry peers included in this Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- The company may require further equity issuance, which will lead to dilution of equity and may affect the market price of the company's Equity Shares or additional funds through incurring debt to satisfy its capital needs, which the company may not be able to procure and any future equity offerings by the company.
- Fraud, theft, employee negligence or similar incidents may adversely affect its results of operations and financial condition.
- The company is subject to restrictive covenants under the company's credit facilities that limit its operational flexibility.
- Excessive dependence on Axis Bank and HDFC Bank in respect of Loan facilities obtained by the Company.
- The company has relied on a third party industry report which has been used for industry related data in this Red Herring Prospectus and such data have not been independently verified by the company.
- The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- Any Penalty or demand raised by statutory authorities in future will affect financial position of the Company.
- Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by the company's major shareholders may adversely affect the trading price of its Equity Shares.
- There is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the SME Platform of BSE limited (BSE SME) in a timely manner or at all.
- Significant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S. GAAP, which may be material to investors' assessments of the company's financial condition, result of operations and cash flows.
- The company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of its Equity Shares.
- The Equity Shares have never been publicly traded, and, after the Offer, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Offer Price, or at all.
- QIBs and Non-Institutional Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid and Individual Investors are not permitted to withdraw their Bids after Bid/Offer Closing Date.
Systematic Industries Ltd Peer Comparison
Understand the company’s industry standing
Systematic Industries Ltd
Advait Energy Transitions Limited
Bansal Wire Industries Ltd
Face Value
10
10
5
Standalone / Consolidated
Standalone
Consolidated
Consolidated
Total Income Rs. Cr.
372.6038
211.7235
2470.886
EPS-Basis
7.38
21.45
6.18
EPS-Diluted
7.38
21.45
6.18
NAV Per Share
---
---
---
P/E-Basic EPS
---
53.27
58.03
P/E-Diluted EPS
---
---
---
RONW(%)
19.89
29.79
18.46
Latest NAV Period
---
---
---
Latest NAV
---
---
---
How to check the allotment status of Systematic Industries Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
IPO reads
Stay updated with the latest IPO developments
February 27, 2025 | 5 min read
₹50.11 Cr Balaji Phosphates IPO Opens Feb 28. Issue Details and SWOT AnalysisRead More
February 25, 2025 | 5 min read
Tata Capital Board Approves ₹15,000 Cr Plus Mega IPO; Tata Investment Shares Soar 8%Read More
February 18, 2025 | 5 min read
Busy Week Ahead: 2 SME IPOs and 9 Market Listings – Get the Complete Details HereRead More
October 25, 2024 | 5 min read
Waaree Energies IPO: GMP Soars 106% Amid 76.34x Subscription – Check Your Allotment Status!Read More
October 22, 2024 | 5 min read
Upcoming IPOs: 9 Public Issues Set to Raise ₹10,984.8 Cr – Key Insights Inside!Read More
October 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons WhyRead More
September 6, 2024 | 5 min read
Bajaj Housing Finance IPO: All You Need to KnowRead MoreOctober 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons WhyRead More
August 26, 2024 | 5 min read
Premier Energies IPO: Key Details Ahead of the ₹2,830.40 Cr Issue LaunchRead MoreMore on IPOs
Navigate your way to other IPO resources
Latest videos on IPOs
IPO highlights & details!
FAQs on IPO
Get answers to all your questions here!
The IPO opens on 24 Sept 2025 & closes on 26 Sept 2025.
Systematic Industries Limited was initially incorporated on March 24, 2000 as 'Systematic Intel Industries Limited' a Public Limited Company. Thereafter, Company was converted into a private limited, from 'Systematic Intel Industries Limited' to 'Systematic Intel Industries Private Limited' vide a fresh Certificate of Incorporation issued by the Registrar of Companies, Mumbai dated August 01, 2003. Thereafter, Company changed the name from 'Systematic Intel Industries Private Limited' to 'Systematic Industries Private Limited' vide a fresh certificate of incorporation on April 26, 2012. Subsequently, Company was converted into a public limited, and the name changed from 'Systematic Industries Private Limited' to 'Systematic Industries Limited' vide a fresh Certificate of Incorporation dated December 06, 2024, by the Registrar of Companies, Central Processing Centre, Manesar.
Systematic Industries is operating 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. The 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.
The Company started its production in Factory situated at Sayli, Silvassa, whereby it manufactured and supplied Steel Wires in year 2002-03. Gradually, it expanded the business by venturing into manufacturing of various other Steel wire products such as Mild Steel (MS) Wire, Galvanized Iron (GI) Wire, Aluminium Clad Steel (ACS) Wire etc. The factories have a combined installed capacity of 1,00,000 MTPA for producing various steel wires such as galvanized wire, wires for power industries, high and low carbon steel wires etc.
In 2019-20, the Company started production at Naroli unit in Silvassa, further at Umerqui, Silvassa in 2021-22 and now at Umbergaon, Valsad in 2024.
Company launched the IPO by issuing 59,28,000 equity shares of Rs 10 each consisting a fresh issue of 55,28,000 equity shares and 4,00,000 equity shares through offer for sale in September, 2025.
Systematic Industries Ltd IPO will close on 26 Sept 2025.
- 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.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Siddharth Rajendra Agarwal | 15121217 | 89.99 | 15121217 | 67.71 |
| 2 | Satya Rajendra Agrawal | 152150 | 0.91 | 152150 | 0.68 |
| 3 | Siddhant Ispat Private Limited | 1519375 | 9.04 | 1519375 | 5.01 |
| 4 | Shruti Agrwal | 1700 | 0.01 | 1700 | 0.01 |
- 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.
- The company does not own the registered office, office and one factory from which the company carry out its business activities. In case of nonrenewal of rent agreements or dispute in relation to use of the said premise, the company's business and results of operations can be adversely affected.
- The company's business is dependent and will continue to depends on the company's factories, and the company is subject to certain risks in the company's manufacturing process. Any slowdown or shutdown in the company's manufacturing operations due to power failures, machinery breakdown or strikes, work stoppages or increased wage demands by its employees that could interfere with its operations could have an adverse effect on the company's business, financial condition and results of operations.
- The company has experienced negative operating cash flows in the past. Any operating losses or negative cash flows in the future could adversely affect its results of operations and financial conditions.
- The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
- The company's business operations are concentrated in certain geographical regions and the company generates major portion of turnover from these regions or nearby regions only. Any adverse developments affecting its operations in these regions could have an adverse impact on the company's revenue and results of operations.
- Any failures to adapt to industry trends, evolving automated technologies, precision working and quality management to meet its customers' demands may materially and adversely affect the company's business and results of operations.
- Trade receivables and Inventories form a major part of the company's current assets. Failures to manage its inventory and trade receivables could have an adverse effect on the company's sales, profitability, cash flow and liquidity.
- The Company, Promoters and Directors are party to certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render us/ them liable to liabilities/ penalties/ prosecutions and may adversely affect its business and results of operations.
- The company is dependents on the performance of the steel wires market. Any adverse changes in the conditions affecting the steel wires market can adversely impact its business, financial condition, results of operations, cash flows and prospects.
- The company has significant power and fuel requirements and any disruption to power sources could increase its production costs and adversely affect the company's results of operations and cash flows.
- Unavailability or shortage of skilled labour or quality technicians may have an adverse impact on the company's business and results of operations.
- The company is exposed to foreign currency fluctuation risks, in relation to export of products and import of material, which may affect its results of operations, financial condition and cash flows.
- Two of the company's group companies are into similar line of business which can affect the company because of the Potential Conflict of Interest.
- An inability to effectively utilize its existing manufacturing capacities could have an adverse effect on the company's business, future prospects and future financial performance.
- A notable portion of the company's revenue is from limited number of customers, the loss of such customers, the deterioration of their financial position or prospects, or a reduction in their demand for the company's products could affect its business, financial position and future prospects of the Company.
- The company's insurance coverage may not be adequate to protect the company against all potential losses to which the company may be subject and this may have a material effect on the company's business and financial condition.
- The company operates in competitive markets and may faces competition from different players in the market which may have an adverse effect on the company's business, cash flows, financial condition and results of operations.
- One of the company's Promoter Group member i.e. Rajendra Jaganprasad Agrawal was director in the company "Asian Vegpro Industries Limited" ("AVIL"), which is delisted by the BSE Limited (BSE) & Calcutta Stock Exchange (CSE) in past for violation of provision of SEBI (LODR) Regulation, 2015.
- Company has faced multiple instances of changes in the statutory auditor of the company in past.
- The company has incurred indebtedness which exposes the company to various risks which may have an effect on the company's business and results of operations.
- Adverse publicity regarding the company's products could negatively impact the company.
- The company's historical performance is not indicative of its future growth or financial results and the company may not be able to sustain its historical growth rates.
- The company may not be able to adequately protect or continue to use its intellectual property.
- If the company is unable to manage its growth effectively and further expand into new markets the company's business, future financial performance and results of operations could be materially and adversely affected.
- Compliance with, and changes in, safety, health and environmental laws and labour regulations may adversely affect its business, prospects, financial condition and results of operations.
- Dependence upon transportation services for supply and transportation of the company's products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.
- The company's contingent liabilities as stated in the company's Restated Financial Statements could affect its financial condition.
- The company's Group Companies had incurred losses and had negative net worth in past and any operating losses in the future could adversely affect the results of operations and financial conditions of the company's group companies.
- The activities carried out at the company's factories can cause injury to people or property in certain circumstances.
- Some of the vehicles appearing in the company's books of accounts are not registered in the name of the Company.
- The company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
- Loans availed by the Company has been secured on guarantees of its promoter.
- The company's lenders have charge over its immovable and movable properties in respect of finance availed by the company.
- The company is dependents on the company's Board, Promoters, key managerial personnel and senior management, and the loss of, or the company's inability to attract or retain, such persons could affect its business, results of operations, financial condition and cash flows.
- The company's actual results could differ from the estimates and projections used to prepare its financial statements.
- The Company will not receive any proceeds from the Offer for Sale portion, and the Selling Shareholder shall be entitled to the Offer Proceeds to the extent of the Equity Shares offered by the Selling Shareholder in the Offer for Sale.
- The Company has taken unsecured loans that may be recalled by the lenders at any time.
- The company may not be successful in implementing its business strategies.
- The company has issued Equity Shares in the last 12 months at a price which could be lower than the Issue Price.
- The average cost of acquisition of Equity Shares by the company's Promoters is lower than the face value of Equity Share.
- The company's Promoter and the Promoter Group will jointly continue to retain majority shareholding in the Company after the Offer, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
- The company is subject to the risk of failure of, or a material weakness in, the company's internal control systems.
- Any actual or perceived cybersecurity, data or privacy breach could interrupt the company's operations and adversely affect its reputation, brand, business, financial condition and results of operations.
- Certain key performance indicators for certain listed industry peers included in this Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- The company may require further equity issuance, which will lead to dilution of equity and may affect the market price of the company's Equity Shares or additional funds through incurring debt to satisfy its capital needs, which the company may not be able to procure and any future equity offerings by the company.
- Fraud, theft, employee negligence or similar incidents may adversely affect its results of operations and financial condition.
- The company is subject to restrictive covenants under the company's credit facilities that limit its operational flexibility.
- Excessive dependence on Axis Bank and HDFC Bank in respect of Loan facilities obtained by the Company.
- The company has relied on a third party industry report which has been used for industry related data in this Red Herring Prospectus and such data have not been independently verified by the company.
- The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- Any Penalty or demand raised by statutory authorities in future will affect financial position of the Company.
- Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by the company's major shareholders may adversely affect the trading price of its Equity Shares.
- There is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the SME Platform of BSE limited (BSE SME) in a timely manner or at all.
- Significant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S. GAAP, which may be material to investors' assessments of the company's financial condition, result of operations and cash flows.
- The company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of its Equity Shares.
- The Equity Shares have never been publicly traded, and, after the Offer, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Offer Price, or at all.
- QIBs and Non-Institutional Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid and Individual Investors are not permitted to withdraw their Bids after Bid/Offer Closing Date.
The Issue type of Systematic Industries Ltd is Book Building - SME.
The minimum application for shares of Systematic Industries Ltd is 1200.
The total shares issue of Systematic Industries Ltd is 5928000.
Initial public offer of up to 59,28,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Systematic Industries Limited ("the Company" or "the Issuer") at an offer price of Rs. 195 per equity share (Including a Share Premium of Rs. 185 per Equity Share) for cash, Aggregating up to Rs. 115.60 crores comprising of a fresh issue of up to 55,28,000 equity shares of face value of Rs. 10/- each aggregating to Rs. 107.80 crores (the "Fresh Issue") and an offer for sale of up to 4,00,000 equity shares of face value of Rs. 10/- each by the Siddhant Ispat Private Limited (the "Selling Shareholder") aggregating to Rs. 7.8 crores ("Offer for Sale") ("Public Offer"). The offer includes a Reservation of up to 3,00,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 195 per equity share for cash, aggregating Rs. 5.85 crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. net offer of up to 56,28,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 195 per equity share for cash, aggregating up to Rs. 109.75 crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 26.55 % and 25.2 % respectively of the post-offer paid-up equity share capital of the company.
Price Band: Rs. 185/- to Rs. 195/- for equity share of face value of Rs. 10 each.
The floor price is 18.50 times times the face value and cap price is 19.50 times of the face value of the equity shares.
Bids can made for a minimum of 1,200 equity shares and in multiples of 600 equity shares thereafter.