Systematic Industries Ltd. has announced public offering of 5928000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 185.00 per share. The gross proceeds of the issue are expected to be Rs 11,559.60 lakhs.
The company's initial public offer (IPO) will open on 24 September 2025 and is expected to close on 26 September 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 185.00-195.00 per share.
The IPO includes a fresh Issue of 5928000 Equity Shares of the Company at an price of Rs 195.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 600 shares with bids in multiples of 600.
Systematic Industries Ltd. anticipates using the proceeds of the issue for .
Hem Securities Limited as lead manager & Cameo Corporate Services Ltd. is the registrar, to the issue.