Market & News

Registered Office: No.418 Nirmal Corporate Centre,4th Flr LBS Marg Mulund (West), Mumbai - 400080, Maharashtra, India.
Phone : +91-22-4138 3900   Fax:
Email :  cs@systematicindustries.com  
Website :  https://systematicindustries.com/

Initial public offer of upto 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. [*] per equity share (Including a Share Premium of Rs. [*] per Equity Share) for cash, Aggregating up to Rs. [*] crores comprising of a fresh issue of upto 55,28,000 equity shares of face value of Rs. 10/- each aggregating to Rs. [*] crores (the "Fresh Issue") and an offer for sale of upto 3,00,000 equity shares of face value of Rs. 10/- each by the Siddhant Ispat Private Limited (the "Selling Shareholder") aggregating to Rs. [*] crores ("Offer for Sale") ("Public Ofer"). The offer includes a Reservation of up to [*] equity shares of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating Rs. [*] 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. [*] per equity share for cash, aggregating upto Rs. [*] 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.