Systango Technologies Limited IPO

NSE SME

Listed On: Mar 15, 2023 at ₹ 98.0

₹ 144000 /1600 Shares

Check Allotment

Systango Technologies Limited IPO Details

02 Mar, 2023

Open Date

06 Mar, 2023

Close Date

10 Mar, 2023

Allotment Date

15 Mar, 2023

Listing Date

Issue Price

₹85 to ₹90 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

98.0

Listing Date

2023-03-15

Market Lot

1600 Shares (₹144,000/-)

Lead Manager

Hem Securities Limited

Issue Size

Fresh Issue : 3,868,800 shares of ₹10(aggregating up to ₹34.82 Cr)

Retail Portion

N/A

Subscription

64.99 times

IPO Docs

DRHP RHP

Systango Technologies Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	1,833,600 / 552,000	1,286,400	3,672,000
Day 1 - 02-03-23 06:00 PM	0.00 / 0.96 x	3.24 x	1.28 x
Day 2 - 03-03-23 06:00 PM	0.41 / 3.75 x	12.10 x	5.01 x
Day 3 - 06-03-23 06:00 PM	14.10 / 230.36 x	66.59 x	64.99 x

Systango Technologies Limited Valuations

Earnings Per Share (EPS)

₹6.27/-

P/E Ratio

N/A

RoNW

39.30%

Net Asset Value (NAV) - Post Issue

₹15.95/-

Systango Technologies Limited Company Financials All values are in ₹ Lakh

	30-Sept-22	31-Mar-22	31-Mar-21	31-Mar-20
Assets	2,732.41	2,288.97	1,537.57	744.32
Revenue	2,301.30	3,392.10	2,388.09	1,455.31
Profit After Tax	572.30	676.99	568.26	251.88

About The Company

Incorporated in 2004, Systango Technologies Limited is engaged in the business of providing software solutions. The offerings of the company enable companies to design, implement and manage their own customized digital platforms.

These platforms designed by Systango include Web2, Web3, and mobile applications with a strong emphasis on data and analytics.

The range of software solutions provided by the company is wide and includes- Website development, Mobile app development (both for iOS and Android applications), Web3 development, DeFi (Decentralized finance), Data Engineering, Implementation of blockchain, Cloud computing and Digital Marketing.

Systango Technologies offers its services across various sectors like Hospitality, Property Tech, Financial Services (FinTech), Fantasy Sports, and many others.

The company has evolved as a professional and technical service provider over the years of its operations. Their end-to-end technology solutions and support help entities and organization effectively implement innovations in their system and keep up with the new-age world.

Systango Technologies Limited - Promoter(s)

Pre Issue Share Holding: 97.73%

Post Issue Share Holding: %

Company Promoter(s)

Vinita Rathi
Nilesh Rathi

Systango Technologies Limited IPO - Issue Objectives

Strategic Investment and Acquisitions
Investment in Subsidiaries
To Meet Working Capital Requirements
General Corporate Purposes
Issue Expenses

Systango Technologies Limited IPO - FAQs

Ans. Systango Technologies Limited IPO is a SME IPO. The issue is priced at ₹85 to ₹90 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Mar 2, 2023, and closes on Mar 6, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Systango Technologies Limited IPO opens on Mar 2, 2023 and closes on Mar 6, 2023.

Ans. The size of Systango Technologies Limited IPO is Fresh Issue : 3,868,800 shares of ₹10(aggregating up to ₹34.82 Cr).

Ans. The IPO price band is set between ₹85 to ₹90 per equity share.

Ans. To apply for Systango Technologies Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Systango Technologies Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Systango Technologies Limited IPO is Mar 10, 2023.

Ans. The Systango Technologies Limited IPO will be listed on Mar 15, 2023.

Ans. Follow the steps to check the allotment status for Systango Technologies Limited IPO here.