Comparison between ResGen IPO and Systango Technologies IPO.
ResGen IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Systango Technologies IPO is a SME Bookbuilding proposed to list at NSE SME.
| ResGen IPO | Systango Technologies IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Gretex Corporate Services Ltd. | Hem Securities Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Gretex Share Broking Pvt.Ltd. | Hem Finlease Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of ResGen IPO is up to ₹26.79 Cr whereas the issue size of the Systango Technologies IPO is up to ₹33.05 Cr. The final issue price of ResGen IPO is ₹47.00 per share and of Systango Technologies IPO is ₹90.00 per share.
| ResGen IPO | Systango Technologies IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹45.00 per share | ₹85.00 per share |
| Issue Price (Upper) | ₹47.00 per share | ₹90.00 per share |
| Issue Price (Final) | ₹47.00 per share | ₹90.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 3000 shares | 1600 shares |
| Fresh Issue Size | 57,00,000 shares | 36,72,000 shares |
| Fresh Issue Size (Amount) | up to ₹26.79 Cr | up to ₹33.05 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 57,00,000 shares | 36,72,000 shares |
| Issue Size Total (Amount) | up to ₹26.79 Cr | up to ₹33.05 Cr |
ResGen IPO opens on Feb 28, 2023, while Systango Technologies IPO opens on Mar 02, 2023. The closing date of ResGen IPO and Systango Technologies IPO is Mar 02, 2023, and Mar 06, 2023, respectively.
| ResGen IPO | Systango Technologies IPO | |
|---|---|---|
| Anchor Bid Date | Feb 27, 2023 | Mar 01, 2023 |
| Issue Open | Feb 28, 2023 | Mar 02, 2023 |
| Issue Close | Mar 02, 2023 | Mar 06, 2023 |
| Basis Of Allotment (Tentative) | Mar 08, 2023 | Mar 10, 2023 |
| Initiation of Refunds (Tentative) | Mar 09, 2023 | Mar 13, 2023 |
| Credit of Share (Tentative) | Mar 10, 2023 | Mar 14, 2023 |
| Listing date (Tentative) | Mar 13, 2023 | Mar 15, 2023 |
| Anchor Lockin End date 1 | Apr 07, 2023 | Apr 09, 2023 |
| Anchor Lockin End date 2 | Jun 06, 2023 | Jun 08, 2023 |
ResGen IPO P/E ratio is 27.33, as compared to Systango Technologies IPO P/E ratio of 15.13.
| ResGen IPO | Systango Technologies IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 94.15 | 97.73 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 67.22 | 71.96 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 27.33 | 15.13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹98.58 Cr. | ₹132.02 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 20 | 49.83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 14.57 | 47.62 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.54 | 0.32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹17.90 | ₹6.59 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 20 | 39.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the ResGen IPO Retail Individual Investors (RII) are offered 19,98,000 shares while in Systango Technologies IPO retail investors are offered 19,98,000 shares. Qualified Institutional Buyers (QIB) are offered 11,28,000 shares in ResGen IPO and 7,34,400 shares in Systango Technologies IPO.
| ResGen IPO | Systango Technologies IPO | |
|---|---|---|
| Anchor Investor Reservation | 16,92,000 shares | 10,99,200 shares |
| Market Maker Reservation | 3,00,000 shares | 1,96,800 shares |
| QIB | 11,28,000 shares | 7,34,400 shares |
| NII | 8,82,000 shares | 5,52,000 shares |
| RII | 19,98,000 shares | 12,86,400 shares |
| Employee | ||
| Others | ||
| Total | 57,00,000 shares | 36,72,000 shares |
ResGen IPO subscribed 2.50x in total, whereas Systango Technologies IPO subscribed 64.99x.
| ResGen IPO | Systango Technologies IPO | |
|---|---|---|
| QIB (times) | 1.09x | 14.10x |
| NII (times) | 3.87x | 230.36x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 3.88x | 66.59x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.50x | 64.99x |
