Established in 2004, Systango Technologies Limited is a prominent software solutions provider, empowering companies to create, implement, and manage customized digital platforms tailored to their needs.
Systango specializes in developing a wide array of software solutions, encompassing Website Development, Mobile App Development for both iOS and Android applications, Web3 Development, DeFi (Decentralized Finance), Data Engineering, Blockchain Implementation, Cloud Computing, and Digital Marketing. With a strong focus on data and analytics, the company ensures cutting-edge platforms that meet modern demands.
Catering to diverse sectors, including Hospitality, Property Tech, Financial Services (FinTech), Fantasy Sports, and more, Systango Technologies has evolved into a trusted professional and technical service provider. Their end-to-end technology solutions and support empower entities and organizations to embrace innovations effectively, enabling them to thrive in the dynamic and ever-evolving digital landscape.
Systango Technologies Limited Stock Quote #
- Open: ₹232.00
- High – Low: ₹232.00 – ₹222.20
- Previous Close: ₹230.00
- Total Traded Value: 38,400
- Updated On: Jul 24, 2023 4:00 PM
Systango Technologies IPO Details #
| IPO Date | Mar 2, 2023 to Mar 6, 2023 |
| Listing Date | Mar 15, 2023 |
| Face Value | ₹10 per share |
| Price | ₹85 to ₹90 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,868,800 shares (aggregating up to ₹34.82 Cr) |
| Fresh Issue | 3,868,800 shares (aggregating up to ₹34.82 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 196,800 shares Hem Finlease |
Systango Technologies IPO Reservation #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 196,800 (5.09%) |
| QIB Shares Offered | 1,833,600 (47.39%) |
| NII (HNI) Shares Offered | 552,000 (14.27%) |
| Retail Shares Offered | 1,286,400 (33.25%) |
| Total Shares Offered | 3,868,800 (100%) |
Systango Technologies IPO Timetable (Tentative) #
Systango Technologies IPO opens on Mar 2, 2023, and closes on Mar 6, 2023.
| IPO Open Date | Thursday, 2 March 2023 |
| IPO Close Date | Monday, 6 March 2023 |
| Basis of Allotment | Friday, 10 March 2023 |
| Initiation of Refunds | Monday, 13 March 2023 |
| Credit of Shares to Demat | Tuesday, 14 March 2023 |
| Listing Date | Wednesday, 15 March 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mar 6, 2023 |
Systango Technologies IPO Lot Size #
The Systango Technologies IPO lot size is 1600 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3,200 | ₹288,000 |
| Lot Size Calculator | |||
Systango Technologies IPO Promoter Holding #
Vinita Rathi and Nilesh Rathi are the promoters of the company.
| Pre Issue Share Holding | 97.73% |
| Post Issue Share Holding | 71.96% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 744.32 | 1,455.31 | 251.88 | 476.81 | 421.81 |
| 31-Mar-21 | 1,537.57 | 2,388.09 | 568.26 | 1,045.50 | 775.50 |
| 31-Mar-22 | 2,288.97 | 3,392.10 | 676.99 | 1,722.49 | 1,452.49 |
| 30-Sep-22 | 2,732.41 | 2,301.30 | 572.30 | 2,296.98 | 2,026.98 |
| Amount in ₹ Lakhs | |||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 15.13 |
| Market Cap (₹ Cr.) | 132.02 |
Objects of the Issue #
The company intends to utilize the proceeds of the Issue to meet the following objectives:-
- Strategic Investment and Acquisitions;
- Investment in Subsidiaries;
- To Meet Working Capital Requirements;
- General Corporate Purposes;
- Issue Expenses.
Systango Technologies IPO Subscription Status (Bidding Detail) #
The Systango Technologies IPO is subscribed 64.99 times on Mar 6, 2023 7:00:00 PM. The public issue subscribed 66.59 times in the retail category, 14.10 times in the QIB category, and 230.36 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 14.10 |
| NII | 230.36 |
| Retail | 66.59 |
| Total | 64.99 |
Systango Technologies IPO Prospectus #
- › Systango Technologies IPO DRHP
- › Systango Technologies IPO RHP
- › Anchor Investors in Systango Technologies IPO
Systango Technologies IPO Listing Details #
| Listing Date | Mar 15, 2023 |
| BSE Script Code | |
| NSE Symbol | SYSTANGO |
| ISIN | INE0O7R01011 |
| Final Issue Price | ₹90 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹90.00 |
| ₹98.00 |
| ₹95.00 |
| ₹102.90 |
| ₹102.90 |
Check IPO Performance…
Company Contact Information #
Third Floor (LHS),
STP-I Crystal IT Park, Ring Road,
Indore – 452010
Phone: +91 0731 2971030
Email: cs@systango.com
Website: http://www.systango.com/
Systango Technologies IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Systango Technologies IPO Lead Manager(s) #
Frequently Asked Questions #
When does the Systango Technologies IPO open and close? #
The Systango Technologies IPO opens on March 2, 2023, and closes on March 6, 2023.
What is the IPO price and face value of Systango Technologies IPO? #
The IPO price of Systango Technologies is set at ₹85 to ₹90 per equity share, and the face value is ₹10 per share.
What is the IPO size and lot size of Systango Technologies IPO? #
The Systango Technologies IPO size is ₹34.82 Crores, and the lot size is 1600 shares.
Where will Systango Technologies IPO be listed? #
Systango Technologies IPO will be listed on NSE SME on March 15, 2023.
What is the subscription status of Systango Technologies IPO? #
As of the latest update, the IPO has been subscribed 64.99 times, with Qualified Institutional Buyers (QIB) subscribing 14.10 times, Non-Institutional Investors (NII) subscribing 230.36 times, and Retail Individual Investors (RII) subscribing 66.59 times.
What are the offerings and sectors served by Systango Technologies? #
Systango Technologies is engaged in providing software solutions, including website development, mobile app development, Web3 development, DeFi, data engineering, implementation of blockchain, cloud computing, and digital marketing. The company offers its services across various sectors like Hospitality, Property Tech, Financial Services (FinTech), Fantasy Sports, and more.
What is the IPO allotment date for Systango Technologies IPO? #
The basis of allotment for Systango Technologies IPO is scheduled for March 10, 2023.
How can I check the allotment status of Systango Technologies IPO? #
The allotment status of Systango Technologies IPO will be available on March 10, 2023. You can check it online by visiting the IPO registrar’s website and entering either your PAN number, Application Number, or DP Client ID of the demat account.
Please note that the information provided here is based on the available data and may be subject to change. For the most up-to-date and accurate information, it is recommended to visit the official sources and financial portals directly.
