Systematic Industries Limited Completes Full Utilization of ₹115.60 Crore IPO Proceeds in Q3 FY26
Systematic Industries Limited has achieved complete utilization of its Initial Public Offering (IPO) proceeds totaling ₹115.60 crore during the quarter ended December 31, 2025. The company submitted its monitoring agency report to BSE Limited on February 13, 2026, confirming full deployment of funds raised through its fresh issue and offer for sale of equity shares.
The monitoring agency report prepared by Brickwork Ratings India Private Limited reveals comprehensive fund deployment across three primary objectives: debt repayment, general corporate purposes, and issue expenses. The company deployed ₹95.00 crore for debt repayment, ₹4.29 crore for general corporate purposes, and ₹8.51 crore for issue expenses, with no deviations from the original offer document objectives.
Background of the IPO
The company’s IPO, conducted from September 23-26, 2025, comprised 5,52,80,000 equity shares through fresh issue and 4,00,000 shares through offer for sale, priced at ₹195 per share. The IPO was well-received by investors, with the company raising a total of ₹115.60 crore. For more information on IPO process and how to invest in IPOs, visit our website.
Monitoring Agency Report
Brickwork Ratings India Private Limited served as the monitoring agency, confirming that all utilization aligned with disclosures in the offer document. The report indicates no deviations from the stated objects and confirms that all necessary government and statutory approvals were obtained. The monitoring agency report is an essential document that provides transparency and accountability in the use of IPO proceeds. To know more about monitoring agency report, click here.
Company Overview
Systematic Industries Limited, formerly known as Systematic Industries Private Limited, operates in the steel wire industry. The company is promoted by Siddharth Rajendra Agarwal and Satya Rajendra Agrawal, with its registered office located in Mumbai. The company’s shares trade on BSE under scrip code 544541. For more information on steel wire industry, visit our website.
Utilization of IPO Proceeds
The primary utilization of ₹95.00 crore toward debt repayment and prepayment represents approximately 88% of the total IPO proceeds. This strategic deployment demonstrates the company’s focus on strengthening its balance sheet and reducing financial leverage. The complete utilization of allocated funds for this purpose indicates successful execution of the company’s deleveraging strategy. To know more about debt repayment and its importance, click here.
The ₹4.29 crore allocated for general corporate purposes encompasses various strategic initiatives including funding growth opportunities, meeting ordinary business expenses, servicing borrowings, brand building activities, and addressing business exigencies. The monitoring agency confirmed complete deployment of these funds in accordance with the prospectus dated September 29, 2025. For more information on general corporate purposes, visit our website.
Conclusion
This represents the first and final monitoring agency report for Systematic Industries Limited, indicating that the company has completed its IPO fund utilization within the stipulated timeframe. The monitoring was conducted pursuant to Regulation 262 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, ensuring transparency and regulatory compliance throughout the fund deployment process. To know more about SEBI regulations and their impact on the stock market, click here.
