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Systango Technologies IPO vs Vertexplus Technologies IPO

Comparison between Systango Technologies IPO and Vertexplus Technologies IPO.

IPO Details

Systango Technologies IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Vertexplus Technologies IPO is a SME Bookbuilding proposed to list at NSE SME.

 Systango Technologies IPOVertexplus Technologies IPO
LogoSystango Technologies IPO LogoVertexplus Technologies IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersHem Securities Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Prabhat Financial Services Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Systango Technologies IPO is up to ₹33.05 Cr whereas the issue size of the Vertexplus Technologies IPO is up to ₹13.49 Cr. The final issue price of Systango Technologies IPO is ₹90.00 per share and of Vertexplus Technologies IPO is ₹96.00 per share.

 Systango Technologies IPOVertexplus Technologies IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹85.00 per share₹91.00 per share
Issue Price (Upper)₹90.00 per share₹96.00 per share
Issue Price (Final)₹90.00 per share₹96.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1200 shares
Fresh Issue Size36,72,000 shares14,05,200 shares
Fresh Issue Size (Amount)up to ₹33.05 Crup to ₹13.49 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total36,72,000 shares14,05,200 shares
Issue Size Total (Amount)up to ₹33.05 Crup to ₹13.49 Cr

IPO Timetable

Systango Technologies IPO opens on Mar 02, 2023, while Vertexplus Technologies IPO opens on Mar 02, 2023. The closing date of Systango Technologies IPO and Vertexplus Technologies IPO is Mar 06, 2023, and Mar 06, 2023, respectively.

 Systango Technologies IPOVertexplus Technologies IPO
Anchor Bid DateMar 01, 2023Mar 01, 2023
Issue OpenMar 02, 2023Mar 02, 2023
Issue CloseMar 06, 2023Mar 06, 2023
Basis Of Allotment (Tentative)Mar 10, 2023Mar 10, 2023
Initiation of Refunds (Tentative)Mar 13, 2023Mar 13, 2023
Credit of Share (Tentative)Mar 14, 2023Mar 14, 2023
Listing date (Tentative)Mar 15, 2023Mar 15, 2023
Anchor Lockin End date 1Apr 09, 2023Apr 09, 2023
Anchor Lockin End date 2Jun 08, 2023Jun 08, 2023

Financials & KPIs

Systango Technologies IPO P/E ratio is 15.13, as compared to Vertexplus Technologies IPO P/E ratio of 28.83.

 Systango Technologies IPOVertexplus Technologies IPO
Financials
Systango Technologies Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20744.321,455.31251.88476.81421.81
31-Mar-211,537.572,388.09568.261,045.50775.50
31-Mar-222,288.973,392.10676.991,722.491,452.49
30-Sep-222,732.412,301.30572.302,296.982,026.98
Amount in ₹ Lakhs
Vertexplus Technologies Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20989.701,963.9261.23380.37379.37209.55
31-Mar-211,103.712,025.61104.98487.15486.15227.40
31-Mar-221,308.762,132.04186.05673.11273.11279.15
30-Sep-221,599.171,091.7191.26807.62407.62360.61
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)97.73100.00
Promoter Shareholding (Post-Issue)71.96
P/E Ratio15.1328.83
Market Cap₹132.02 Cr.₹52.60 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Systango Technologies IPO Retail Individual Investors (RII) are offered 12,86,400 shares while in Vertexplus Technologies IPO retail investors are offered 12,86,400 shares. Qualified Institutional Buyers (QIB) are offered 7,34,400 shares in Systango Technologies IPO and 2,86,800 shares in Vertexplus Technologies IPO.

 Systango Technologies IPOVertexplus Technologies IPO
Anchor Investor Reserveration10,99,200 shares4,15,200 shares
Market Maker Reserveration1,96,800 shares74,400 shares
QIB7,34,400 shares2,86,800 shares
NII5,52,000 shares2,11,200 shares
RII12,86,400 shares4,92,000 shares
Employee
Others
Total36,72,000 shares14,05,200 shares

Bids Received (Subscription)

Systango Technologies IPO subscribed 64.99x in total, whereas Vertexplus Technologies IPO subscribed 11.01x.

 Systango Technologies IPOVertexplus Technologies IPO
QIB (times)14.10x1.43x
NII (times)230.36x35.15x
Big NII (times)
Small NII (times)
RII (times)66.59x15.53x
Employee (times)
Other (times)
Total (times)64.99x11.01x