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.

What is the estimated listing price for Systematic Industries Limited IPO?

Based on the upper price band of ₹195 and current GMP of ₹18, the estimated listing price is ₹213 (approx. 9.2% gain).

What is the expected profit per lot for Systematic Industries Limited IPO?

With a lot size of 600 shares and current GMP of ₹18, expected profit per retail application lot is approximately ₹10,800.

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Grey Market Intelligence

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

Live Grey Market Premium

Systematic Industries Limited GMP Today

Last updated: 21 Nov 2025

Current Premium

₹18+9.2%

Issue Price (Upper)

₹195

Band: ₹185 – ₹195

Estimated Listing Price

₹213

Upper price + GMP

Lot Size

600 shares

Min investment ₹1,17,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹18	9.2%	₹213
30 Oct 2026	+₹18	9.2%	₹213
29 Oct 2026	+₹16	8.3%	₹211

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is Systematic Industries Limited IPO GMP today?

The latest grey market premium for Systematic Industries Limited IPO is ₹18, which indicates an expected listing price of ₹213.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.