Systematic Industries IPO Subscription Status
Systematic Industries IPO closed on 26 September 2025 with an overall subscription of 6.20x based on shares applied. QIB demand came in at 9.85x, NII at 8.29x, and retail at 3.36x.
Allotment will be finalised on 29 September 2025. The stock is scheduled to list on NSE and BSE on 1 October 2025.
Issue Price
Rs 195.00
GMP Today
Rs 1.00 (+0.51%)
Overall Subscription
6.20x
Issue Size
₹109.75 Cr
Allotment Date
29 Sept 2025
Listing Date
1 Oct 2025
Systematic Industries IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 195.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 21.95 Cr | Rs 216.25 Cr | 9.85x |
| FII | - | Rs 44.62 Cr | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 171.63 Cr | - |
| NII | Rs 16.46 Cr | Rs 136.50 Cr | 8.29x |
| bNII (above Rs 10L) | Rs 10.97 Cr | Rs 112.25 Cr | 10.23x |
| Corporate | - | Rs 9.51 Cr | - |
| Individual | - | Rs 100.00 Cr | - |
| Other | - | Rs 2.74 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 5.49 Cr | Rs 24.25 Cr | 4.42x |
| Corporate | - | Rs 63.18 L | - |
| Individual | - | Rs 23.52 Cr | - |
| Other | - | Rs 10.53 L | - |
| IND | Rs 38.42 Cr | Rs 129.17 Cr | 3.36x |
| Fixed price | - | Rs 129.17 Cr | - |
| Total | Rs 76.83 Cr | Rs 481.92 Cr | 6.27x |
Systematic Industries IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 1,876 | 23 | 0.01x |
| FII | - | 7 | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | 16 | - |
| NII | 469 | 1,428 | 3.04x |
| bNII (above Rs 10L) | 313 | 773 | 2.47x |
| Corporate | - | 15 | - |
| Individual | - | 751 | - |
| Other | - | 7 | - |
| sNII (Rs 2L to Rs 10L) | 156 | 655 | 4.20x |
| Corporate | - | 18 | - |
| Individual | - | 634 | - |
| Other | - | 3 | - |
| IND | 1,642 | 5,520 | 3.36x |
| Fixed price | - | 5,520 | - |
| Total | 3,987 | 6,971 | 1.75x |
What Do These Subscription Numbers Mean?
A subscription of 6.20x by shares means the IPO received bids for 6 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 9.85x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 9.85x, it reflects serious institutional conviction.
NII at 3.04x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 2.47x and sNII at 4.20x by applications. Share subscription was 8.29x. Allotment uses application count, not share volume.
At 3.36x subscription by applications, approximately 1 in 3 retail applicants can expect an allotment (~30% per application). Retail allotment is done by lottery when oversubscribed.
Systematic Industries IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 3.36x.
- •Allotment odds: about 1 in 3 (~30% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 4.20x.
- •Allotment odds: about 1 in 4 for a minimum-lot application (~24% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
BHNI (above Rs 10 lakh)
- •Application subscription: 2.47x.
- •Allotment odds: about 1 in 2 for a minimum-lot application (~40% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 10.23x. Allotment uses application count, not share volume.
Check the Systematic Industries IPO Allotment Status page from 29 September 2025 for your allotment result.
Systematic Industries IPO GMP After Subscription
GMP for Systematic Industries Limited stands at Rs 1.00 today, giving an estimated listing price of Rs 196.00 per share.
A subscription of 6.20x combined with a GMP of 0.51% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Systematic Industries IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Systematic Industries IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 24 Sept 2025 | 1.11x | 0.04x | 0.07x | 0.36x |
| Day 2 - 25 Sept 2025 | 1.18x | 0.26x | 0.45x | 0.62x |
| Day 3 - 26 Sept 2025 | 9.85x | 7.94x | 3.36x | 6.20x |
Systematic Industries IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 24 September 2025 |
| IPO Close Date | 26 September 2025 |
| Allotment Date | 29 September 2025 |
| Refund Initiation | 30 September 2025 |
| Share Credit to Demat | 30 September 2025 |
| Listing Date | 1 October 2025 |
| Minimum Investment | Rs 2,34,000.00 |
| Lot Size | 600 shares |
About Systematic Industries Limited
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Systematic Industries IPO Subscription FAQs
What is Systematic Industries IPO subscription status today?
Systematic Industries IPO subscription closed on 26 September 2025 with overall subscription of 6.20x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 9.85x, NII 3.04x, IND 3.36x.
What is the overall subscription of Systematic Industries IPO?
Systematic Industries IPO is subscribed 6.20x overall by shares at close on 26 September 2025. QIB 9.85x, NII 3.04x, and IND 3.36x.
What is Systematic Industries IPO QIB subscription?
Systematic Industries IPO QIB (Qualified Institutional Buyers) subscription is 9.85x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Systematic Industries IPO IND subscription?
Systematic Industries IPO IND subscription is 3.36x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Systematic Industries IPO NII subscription?
Systematic Industries IPO NII (Non-Institutional Investors) subscription is 3.04x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Systematic Industries IPO for retail?
At 3.36x subscription by applications, approximately 1 in 3 retail applicants can expect an allotment (~30% per application). Allotment is done by lottery.
When is Systematic Industries IPO allotment date?
Systematic Industries IPO allotment date is 29 September 2025. Check Systematic Industries IPO Allotment Status on IPOwiz from that day using your PAN.
When does Systematic Industries IPO subscription close?
Systematic Industries IPO subscription closed on 26 September 2025. No new applications are accepted after the close.
What is Systematic Industries IPO GMP today?
Systematic Industries IPO GMP is ₹1 today (+0.51% over issue price ₹195). See live GMP on the Systematic Industries IPO GMP Today page.
What is Systematic Industries IPO issue price and lot size?
Systematic Industries IPO issue price is ₹195 per share. Lot size is 600 shares. Minimum investment is ₹2,34,000 per lot (minimum 2 lots for SME). Issue size: ₹109.75 Cr.
When is Systematic Industries IPO listing date?
Systematic Industries IPO listing date is 1 October 2025 on NSE and BSE. Allotment is on 29 September 2025.
How does subscription affect Systematic Industries IPO allotment?
Allotment odds in Systematic Industries IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 3.04x by applications means roughly 1 in 3 for minimum-lot bids; bNII at 2.47x (~1 in 2). At 6.20x overall, competition is moderate.
For allotment results from 29 September 2025, visit the Systematic Industries IPO Allotment Status page. For listing day updates on 1 October 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.