Systematix Corporate Services Ltd.
IPOs where Systematix Corporate Services Ltd. acted as a book-running lead manager, with each issue’s size and listing outcome.
Track record on ipostation
ipostation's database lists Systematix Corporate Services Ltd. as a book-running lead manager on 5 IPOs: all of them mainboard issues. Bidding dates recorded here run from Jul 2026 to Sept 2026. Of these, 5 have listed. It shared every one of these mandates with at least one other lead manager.
Issue size is recorded for all 5 IPOs. They range from ₹301.62 Cr (Behari Lal Engineering) to ₹720 Cr (ESDS Software Solution), with a median of ₹420 Cr. The 5 listed issues with a recorded size total ₹2,185.23 Cr; sizes for issues that have not listed are the amounts stated in their offer documents.
A listing-day change is recorded for 5 listed issues: 4 above and 1 below the issue price. The median change was +9.4%, from -11.6% (Acevector) to +74.0% (ESDS Software Solution). These are past listing outcomes and say nothing about how a future issue will list.
Final overall subscription is recorded for all 5 issues whose bidding has closed. The median was 87.17x, ranging from 5.07x (Acevector) to 142.88x (ESDS Software Solution).
Systematix Corporate Services Ltd. has worked alongside 6 other lead managers on these issues. The 5 most frequent, by number of shared issues:
- Emkay Global Financial Services Ltd. — 2 shared issues
- Pantomath Capital Advisors Pvt.Ltd. — 2 shared issues
- CLSA India Pvt.Ltd. — 1 shared issue
- Dam Capital Advisors Ltd. — 1 shared issue
- IDBI Capital Markets & Securities Ltd. — 1 shared issue
IPOs with Systematix Corporate Services Ltd. as lead manager
| IPO | Board | Status | Open date | Issue size | Price | Subscription | Listing gain |
|---|---|---|---|---|---|---|---|
| Acevector | Mainboard | Listed | 25 Sept 2026 | ₹420 Cr | ₹32 | 5.07x | -11.6% |
| German Green Steel | Mainboard | Listed | 25 Sept 2026 | ₹303.9 Cr | ₹139 | 30.42x | +3.2% |
| ESDS Software Solution | Mainboard | Listed | 28 Aug 2026 | ₹720 Cr | ₹429 | 142.88x | +74.0% |
| Behari Lal Engineering | Mainboard | Listed | 12 Aug 2026 | ₹301.62 Cr | ₹285 | 118.07x | +60.7% |
| Knack Packaging | Mainboard | Listed | 1 Jul 2026 | ₹439.71 Cr | ₹170 | 87.17x | +9.4% |
Subscription is the final overall figure once bidding has closed; listing gain is the listing-day change against the issue price. “—” means not available.
What a book-running lead manager does
Under Regulation 23 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, an issuer must appoint one or more SEBI-registered merchant bankers, at least one of whom is a lead manager to the issue. When more than one merchant banker manages an issue, each one’s responsibilities for disclosures, allotment, refunds and underwriting are fixed in advance and set out in the draft offer document and the offer document.