Systango Technologies Limited
NSE SME₹144,000 / 1600 Shares
Systango Technologies Limited IPO Details
The Systango Technologies Limited IPO price band is set between ₹85 to ₹90 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 2 Mar, 2023 and closes on 6 Mar, 2023. Investors can check the allotment status on 10 Mar, 2023, while the listing date is tentatively scheduled for 15 Mar, 2023.
The total issue size is Fresh Issue : 3,868,800 shares of ₹10, aggregating up to ₹34.82 Cr. Stay tuned for the latest Systango Technologies Limited IPO review and GMP updates.
Systango Technologies Limited IPO Review, Rating & Analysis
Systango Technologies Limited IPO Review
NO REVIEWSystango Technologies Limited IPO Rating
Systango Technologies Limited IPO Highlights
IPO Date
Mar 2, 2023 - Mar 6, 2023
Listing Date
15 Mar, 2023
Face Value
₹10 Per Equity Share
Price Band
₹85 to ₹90 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Systango Technologies Limited IPO Lot Size
The minimum market lot for Systango Technologies Limited IPO is 1600 shares with an application amount of ₹1,44,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,44,000 |
| Retail (Max) | 1 | 1600 | ₹1,44,000 |
| S-HNI (Min) | 2 | 3200 | ₹2,88,000 |
| S-HNI (Max) | 6 | 9600 | ₹8,64,000 |
| B-HNI (Min) | 7 | 11200 | ₹10,08,000 |
Systango Technologies Limited IPO Timeline
Issue Price
₹85 to ₹90 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Bigshare Services Pvt LtdLead Manager
Hem Securities LimitedIssue Size
Fresh Issue : 3,868,800 shares of ₹10(aggregating up to ₹34.82 Cr)Systango Technologies Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sept 22 | 2732.41 | 2301.30 | 572.30 | - | - | - |
| 31 Mar 22 | 2288.97 | 3392.10 | 676.99 | - | - | - |
| 31 Mar 21 | 1537.57 | 2388.09 | 568.26 | - | - | - |
| 31 Mar 20 | 744.32 | 1455.31 | 251.88 | - | - | - |
All values are in ₹ Lakh
Promoters & Share Holding
Promoter(s) Name
- Vinita Rathi
- Nilesh Rathi
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 97.73% | % |
About 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 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 |
Frequently Asked Questions about Systango Technologies Limited IPO
When will Systango Technologies Limited IPO open for subscription?
The Systango Technologies Limited IPO opens on 2 Mar, 2023 and closes on 6 Mar, 2023.
What is the investors portion for Systango Technologies Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 1286400.
How to apply for Systango Technologies Limited IPO?
You can apply for Systango Technologies Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Systango Technologies Limited IPO?
The issue size of Systango Technologies Limited IPO is approx ₹Fresh Issue : 3,868,800 shares of ₹10(aggregating up to ₹34.82 Cr) crores.
What is the price band of Systango Technologies Limited IPO?
The price band for Systango Technologies Limited IPO is ₹85 to ₹90 per equity share to ₹undefined.
What is the lot size of Systango Technologies Limited IPO?
The minimum bid (lot size) for Systango Technologies Limited IPO is N/A shares with an investment of approx ₹144,000 .
What is the allotment date of Systango Technologies Limited IPO?
The allotment date for Systango Technologies Limited IPO is 10 Mar, 2023.
What is the listing date of Systango Technologies Limited IPO?
The listing date for Systango Technologies Limited IPO is expected to be 15 Mar, 2023.
What is the GMP of Systango Technologies Limited IPO?
The latest Grey Market Premium (GMP) for Systango Technologies Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.