What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Systematic Industries Limited IPO allotment date?

The basis of allotment for Systematic Industries Limited IPO is scheduled to be finalized on 29 Sep 2025.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 30 Sep 2025.

Systematic Industries Limited

ListedSME

Manufacturing · BSE

Systematic Industries Limited, incorporated in March 2000, manufactures and supplies steel wires and cables for sectors like power transmission, infrastructure, telecommunications, and agriculture. The company, certified with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, offers a range of products including carbon steel wire, high carbon wire, mild steel wire, galvanized iron wire, cable armour wire, ACSR core wire, aluminium clad steel wire, OPGW, and optical fibre cables, designed for efficient power generation and data transmission. It operates four factories—three in Daman & Diu and one in Valsad, Gujarat—and sells products across 25 states and union territories in India, while exporting to over 30 countries including Sri Lanka, Japan, Bhutan, Canada, and Brazil. As of December 31, 2024, the company employed around 197 people, including staff in quality control and R&D.

Price Band

₹185 – ₹195

Issue Size

₹116 Cr

Lot Size

600 shares

GMP

₹18

+9.2%

Est. Listing

₹213

at current GMP

Subscribed

6.27x

overall

Open

24 Sep 2025

26 Sep 2025

Allotment

29 Sep 2025

Refund

30 Sep 2025

Demat Credit

1 Oct 2025

Listing

1 Oct 2025

Last updated 11 months ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Systematic Industries Limited Allotment Status

Designated Registrar: Cameo Corporate Services Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

29 Sep 2025

Basis finalization

Refunds Initiate

30 Sep 2025

Mandate release

Demat Credit

1 Oct 2025

Shares in demat

Listing Debut

1 Oct 2025

Trading begins

How to Check Systematic Industries Limited IPO Allotment Status

Click the Check on Registrar button above to visit Cameo Corporate Services Limited's allotment portal.
Select Systematic Industries Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Systematic Industries Limited Public Issue & Market Profile

Systematic Industries Limited is bringing an initial public offering (IPO) in the Manufacturing sector with an aggregate issue size of ₹115.6 Crores. The shares are offered at a price band of ₹185 to ₹195 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 600 shares (approx. ₹1,17,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-10-01, while un-allotted funds or UPI block mandates will be released on 2025-09-30.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.