Latest news with #SystematixCorporateServices
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Business Standard
a day ago
- Business
- Business Standard
German Green Steel files IPO papers with Sebi; seeks to raise ₹450 cr
Gujarat-based German Green Steel and Power has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The initial public offering (IPO) is a combination of fresh issuance of equity shares worth up to Rs 450 crore and an offer for sale of up to 20 lakh shares by promoters Inamulhaq Shamsulhaq Iraki and Abdulhaq Shamsulhaq Iraki, according to the Draft Red Herring Prospectus (DRHP) filed on Sunday. The company may consider a pre-IPO placement in consultation with the book-running lead managers before filing the red herring prospectus. If undertaken, the placement will not exceed 20 per cent of the fresh issue size. Proceeds from the fresh issue to the tune of Rs 325.21 crore will be used towards expansion of its manufacturing facility in Gujarat and setting up a hybrid wind and solar power plant while Rs 55.01 crore will be used for repayment of debt and general corporate purposes, according to the DRHP. As of May 31, 2025, the company's total outstanding borrowings stood at Rs 347.33 crore. German Green Steel and Power is a vertically integrated iron and steel manufacturer with a main focus on TMT bars. It has a strong presence in Gujarat. For the nine-month period ended December 31, 2024, the company reported revenue from operations of Rs 979.78 crore and profit after tax of Rs 32.07 crore. The company's shares are proposed to be listed on the BSE and NSE. Systematix Corporate Services and Emkay Global Financial Services are the book running lead managers, while Bigshare Services is the registrar for the IPO.
Time of India
2 days ago
- Business
- Time of India
Indogulf Cropsciences IPO subscribed 7 times on final day; GMP signals 13% listing pop
The initial public offering (IPO) of agro-chemical firm Indogulf Cropsciences drew robust investor interest, with the issue subscribed 7 times as of 1:09 PM on Monday, the final day of bidding. The strong response was led by non-institutional investors (NIIs), while the grey market premium ( GMP ) climbed to Rs 14, indicating a potential upside of 12.6% over the upper end of the price band. The IPO received bids for 9,10,38,600 shares against 1,33,65,710 shares on offer, indicating a subscription of 7 times overall. Non-institutional investors emerged as the most enthusiastic category, subscribing to 15.88 times their allotted quota. Retail investors also showed considerable interest, with their portion subscribed 7.16 times. However, demand from qualified institutional buyers (QIBs) lagged behind, with just 36% of their quota taken up by early Monday afternoon. Indogulf Cropsciences GMP climbs On Day 3, Indogulf Cropsciences' last grey market premium (GMP) stood at Rs 14, as of Monday, June 30. Based on the IPO's upper price band of Rs 111, the estimated listing price was pegged at Rs 125, implying a 12.6% gain per share. The GMP had previously moderated over the last two days. On Friday, shares were quoting at a premium of Rs 8–9, reflecting a 7% premium. On Thursday, the GMP was slightly stronger at Rs 10–11, indicating a 9% listing gain. Offer details and timelines Priced between Rs 105 and Rs 111 per share, the IPO opened for subscription on June 26 and closes today, June 30. The allotment is expected to be finalized on July 1, with listing likely on July 3 on both the BSE and NSE. The minimum lot size is 135 shares, amounting to Rs 14,985 at the upper end of the band. Systematix Corporate Services is the book-running lead manager, and Bigshare Services is acting as the registrar to the issue. Company fundamentals Established in 1993, Indogulf Cropsciences is a well-known name in the agro-chemical space, offering a diversified portfolio of crop protection products, plant nutrients, and biologicals. The company operates across 22 Indian states and 3 Union Territories, and exports to 34 countries. It runs four manufacturing units—three in Haryana and one in Jammu & Kashmir—and employs 640 permanent staff. For FY24, the company reported a revenue of Rs 555.79 crore and a net profit of Rs 28.23 crore. It has maintained an EBITDA margin of over 10% and delivered a return on equity (ROE) of 12.2%. IPO proceeds will be utilised for working capital needs, debt repayment, and the establishment of a new dry flowable formulation plant in Haryana. With a seasoned management team, strong R&D capabilities, and a footprint in India's expanding agri-input market, the company is seen as a promising long-term bet in the chemical and agri-tech space. Also read | IPO pipeline to deepen as 15 PSU banks asked to unlock value via subsidiary listings
Time of India
6 days ago
- Business
- Time of India
Indogulf Cropsciences IPO: Check price band, issue size, GMP and other details
Indogulf Cropsciences will launch its IPO on June 26, aiming to raise Rs 200 crore through a combination of fresh issue and offer for sale. The IPO consists of a fresh issue of 1.44 crore equity shares aggregating to Rs 160 crore and an offer for sale of 36.03 lakh shares worth Rs 40 crore. The issue is open for subscription until June 30, with allotment expected on July 1 and listing tentatively scheduled on both BSE and NSE on July 3. The IPO is priced in the range of Rs 105 to Rs 111 per share. Investors can apply for a minimum of one lot comprising 135 shares, amounting to Rs 14,985 at the upper price band. Ahead of the issue opening, the GMP is around Rs 11, indicating a premium of 10%. Systematix Corporate Services is the book-running lead manager for the IPO, with Bigshare Services acting as the registrar. The issue has received keen interest across investor categories, supported by the company's strong fundamentals and diversified business operations. Established in 1993, Indogulf Cropsciences is a well-known player in the agrochemical industry. The company manufactures crop protection products, plant nutrients, and biologicals and has a strong presence across 22 Indian states, 3 Union Territories, and exports to 34 countries. Live Events Its robust infrastructure includes four manufacturing units in Haryana and Jammu & Kashmir, complemented by a large distribution network and 640 permanent employees. Financially, the company posted a revenue of Rs 555.79 crore in FY 2023–24 with a PAT of Rs 28.23 crore. It has demonstrated consistent performance with an EBITDA margin of over 10 percent and an ROE of 12.2%. The IPO proceeds will be used to fund working capital, repay debt, and establish a new dry flowable plant in Haryana. With its experienced promoters, strong R&D capabilities, and sectoral tailwinds from India's growing agri-input market, Indogulf Cropsciences IPO presents a promising investment opportunity for those seeking long-term value in the chemical and agri-tech space.
Business Standard
17-05-2025
- Business
- Business Standard
Systematix Corporate Services consolidated net profit declines 85.77% in the March 2025 quarter
Sales decline 43.91% to Rs 29.63 crore Net profit of Systematix Corporate Services declined 85.77% to Rs 3.30 crore in the quarter ended March 2025 as against Rs 23.19 crore during the previous quarter ended March 2024. Sales declined 43.91% to Rs 29.63 crore in the quarter ended March 2025 as against Rs 52.83 crore during the previous quarter ended March 2024. For the full year,net profit declined 14.23% to Rs 45.76 crore in the year ended March 2025 as against Rs 53.35 crore during the previous year ended March 2024. Sales declined 0.19% to Rs 139.39 crore in the year ended March 2025 as against Rs 139.65 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 29.6352.83 -44 139.39139.65 0 OPM % 4.9348.91 - 25.0845.73 - PBDT 4.3629.95 -85 60.2769.65 -13 PBT 3.5528.93 -88 57.0967.73 -16 NP 3.3023.19 -86 45.7653.35 -14
Business Standard
13-05-2025
- Business
- Business Standard
Systematix Corporate Services invests Rs 25 cr in subsidiary
Systematix Corporate Services has made Investment through rights issue in its Wholly Owned Subsidiary i.e. Systematix Shares and Stocks (India) aggregating to Rs. 24,99,92,800/- by subscribing to 14,81,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 168.80/- (including premium of Rs. 158.80/-) per Equity Share. Powered by Capital Market - Live News
