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News Details

( As on 02/10/2025 07:00)

Systematic Industries Ltd. debuts with 0.61% discount at Rs 193.80

Systematic Industries Ltd. makes a weak debut on the bourses with scrip got listed at Rs 193.80 on the Bombay Stock Exchange, a 0.61 per cent discount to its issue price of Rs 195.00.

The company, which raised 0.59 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 59.28 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Sep 24 to Sep 26.

Following a weak opening, the scrip touched an intraday high of Rs 199.00 and a low of Rs 186.00, before closing the session up by 0.74 per cent to its listing price at Rs 196.45 on the BSE.

The company anticipates using the proceeds of the issue for .

Hem Securities Limited as lead managers & Cameo Corporate Services Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 80,983.31, up 715.69 points, or 0.89 per cent.