With online platforms, applying for an Initial Public Offering (IPO) is now more accessible through your trading or net banking account. Systematic Industries Limited is going IPO to improve its balance sheet and grow. Investors who want to buy the stock should be aware of the step-by-step application process to make it more straightforward.
To apply for the IPO, you will need to log into your demat account, choose the IPO, and pay for the IPO using UPI or ASBA. Once payment is approved, investors can monitor their status on the registrar's website or trading app. To learn more about the Systematic Industries opportunity, check the formal Systematic Industries IPO.
Systematic Industries IPO Application Process
Applying to the IPO is a simple process requiring just a few relevant steps through your chosen trading or banking platform. Here is the complete process one should follow as an investor.
Step 1: Login to Your Trading Platform
You should login to the trading app, net banking, or demat account on your broker’s website using your PAN and UPI details.
Step 2: Navigate to the IPO Section
Follow the link to the IPO investment section where all the active and upcoming public issues will be visible.
Step 3: Select the Open IPO and Click Apply
Look through the list of currently "open" issues and select Systematic Industries IPO and click on "Apply."
Step 4: Fill Out the Number of Shares or Lots You Wish to Apply For
Decide on the number of lots or shares of the company to apply for. Keep in mind the number of lots as part of the minimum number of shares required in the option to apply.
Step 5: Fill-Out Your UPI ID
Provide your UPI ID that is registered to your own bank account, which you will authorize payment through, using your UPI app.
Step 6: Verify Your Application
Confirm all the details are correct. All details should be submitted before - confirming price, number of shares, UPI, etc.
Step 7: Finish the Process and Wait for Allotment Status
After you have submitted or completed your bid, your bid will be processed. Investors can later log into registrar’s website to check their allotment status.
Additional Read – Systematic Industries IPO Investment Guide: Objectives & Opportunities
About Systematic Industries IPO: Overview and Key Facts
Systematic Industries Limited was established in March 2000 and is involved in the manufacture and supply of steel wires and cables for the power, infrastructure, telecommunication and agro-based sectors. The company is a trusted supplier in India and is ISO certified with a diversified product mix.
The company operates four factories, three located in Daman & Diu and one in Valsad - Gujarat with a combined capacity of 1,00,000 MTPA. The company has installed modernized machinery at all its facilities to ensure efficiency and quality in product manufacture.
The company's distribution is present in approximately 25 states in India and exports to over 30 countries, including but not limited to, Sri Lanka, Japan, Canada and Brazil. The company's overseas reach and international sales are a reflection of its competitive strength and reliability.
The company intends to use a material portion of the proceeds from the IPO for repayment of borrowings and general corporate purposes. By doing so, the company strengthens its cash position and balance sheet. Systematic Industries has a skilled workforce of over 400 employees which enhances the company's overall capabilities and revenue prospects by strengthening its foundational infrastructural capacities.