Systematix Corporate Services Limited ("SCSL"), an integrated financial services firm listed on BSE Limited, is pleased to announce a fund raise of Rs 103.12 Crores through preferential allotment of equity shares at Rs 1531 per share.
This fund raise marks an important chapter in Systematix's growth journey, reinforcing the trust and belief of marquee investors in the company's strategic vision and operational excellence. The funds raised will fuel strategic initiatives across Systematix's diverse business verticals, including the launch of two Alternative Investment Funds (AIFs) - Category I and Category III, scaling the Margin Trading book, Strengthening the Wealth Management, Capitalising the Institutional and HNI/Retail broking divisions and Accelerate the growth of IB and ECM businesses.
Systematix has demonstrated robust consolidated financial performance, with profit after tax soaring from Rs 1.32 crores in FY-20 to Rs 53.35 crores in FY-24, representing a CAGR of 152%.
Speaking on the announcement, Mr. Nikhil Khandelwal, Managing Director, SCSL, said, "This fundraise marks a critical milestone in our evolution. It empowers us to accelerate growth initiatives to achieve our vision of creating one of the most admired India focused financial services companies. We see Systematix transforming its capabilities in ECM and IB, accelerate growth of our PMS and Brokerage businesses, while capitalise new growth initiatives in Alternate Investment Funds (AIFs) and Wealth management. All of this ties with our thesis of being "lifecycle partner" to our clients."
Shares of SYSTEMATIX CORPORATE SERVICES LTD. was last trading in BSE at Rs. 1610.10 as compared to the previous close of Rs. 1564.15. The total number of shares traded during the day was 688 in over 103 trades.
The stock hit an intraday high of Rs. 1620.80 and intraday low of 1543.00. The net turnover during the day was Rs. 1107165.00. |
