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Systango Technologies IPO is a book build issue of ₹34.82 crores. The issue is entirely a fresh issue of 0.39 crore shares of ₹34.82 crore.
Systango Technologies IPO bidding started from Mar 2, 2023 and ended on Mar 6, 2023. The allotment for Systango Technologies IPO was finalized on Mar 10, 2023. The shares got listed on NSE SME on Mar 15, 2023.
Systango Technologies IPO price band is set at ₹90.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,36,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,88,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Systango Technologies IPO RHP for detailed Information.
| IPO Date | March 2, 2023 to March 6, 2023 |
| Listing Date | March 15, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹85 to ₹90 per share |
| Issue Price Final | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 38,68,800 shares (aggregating up to ₹34.82 Cr) |
| Reserved for Market Maker | 1,96,800 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.77 Cr) |
| Net Offered to Public | 36,72,000 shares (aggregating up to ₹33.05 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,08,00,000 shares |
| Share Holding Post Issue | 1,46,68,800 shares |
Systango Technologies IPO offers total 38,68,800 shares. Out of which 18,33,600 (47.39%) allocated to QIB, 7,34,400 (18.98%) allocated to QIB, 5,52,000 (14.27%) allocated to NII, 12,86,400 (33.25%) allocated to RII and 10,99,200 (28.41%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,96,800 (5.09%) |
| QIB Shares Offered | 18,33,600 (47.39%) |
| − Anchor Investor Shares Offered | 10,99,200 (28.41%) |
| − QIB (Ex. Anchor) Shares Offered | 7,34,400 (18.98%) |
| NII (HNI) Shares Offered | 5,52,000 (14.27%) |
| Retail Shares Offered | 12,86,400 (33.25%) |
| Total Shares Offered | 38,68,800 (100.00%) |
Systango Technologies IPO raises ₹9.89 crore from anchor investors. Systango Technologies IPO Anchor bid date is March 1, 2023. Systango Technologies IPO Anchor Investors list
| Bid Date | March 1, 2023 |
| Shares Offered | 10,99,200 |
| Anchor Portion Size (In Cr.) | 9.89 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 9, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 8, 2023 |
Systango Technologies IPO opens on March 2, 2023, and closes on March 6, 2023.
| IPO Open Date | Thu, Mar 2, 2023 |
| IPO Close Date | Mon, Mar 6, 2023 |
| Tentative Allotment | Fri, Mar 10, 2023 |
| Initiation of Refunds | Mon, Mar 13, 2023 |
| Credit of Shares to Demat | Tue, Mar 14, 2023 |
| Tentative Listing Date | Wed, Mar 15, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 6, 2023 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,44,000 |
| Retail (Max) | 1 | 1,600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| 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 | |||||
The market capitalization of Systango Technologies IPO is ₹132.02 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 15.13 |
The company intends to utilize the proceeds of the Issue to meet the following objectives:-
[Dilip Davda] The company is in IT-related solutions and service-providing business. It has posted consistent growth in its top and bottom lines for the reported periods. Based on the financial data, the issue appears fully priced. Well-informed investors may park funds for long-term rewards. Read detail review...
| Listing Date | March 15, 2023 |
| BSE Script Code | |
| NSE Symbol | SYSTANGO |
| ISIN | INE0O7R01011 |
| Final Issue Price | ₹90 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹98.00 |
| Low | ₹95.00 |
| High | ₹102.90 |
| Last Trade | ₹102.90 |
Systango Technologies Ltd.
Third Floor (LHS),
STP-I Crystal IT Park,
Ring Road,
Indore, Madhya Pradesh, 452010
Phone: +91 0731 2971030
Email: cs@systango.com
Website: http://www.systango.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Systango Technologies IPO is a SME IPO of 38,68,800 equity shares of the face value of ₹10 aggregating up to ₹34.82 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on March 2, 2023, and closes on March 6, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Systango Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Systango Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Systango Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Systango Technologies IPO opens on March 2, 2023 and closes on March 6, 2023.
Systango Technologies IPO lot size is 1600, and the minimum amount required for application is ₹1,44,000.
You can apply in Systango Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Systango Technologies IPO will be done on Friday, March 10, 2023, and the allotted shares will be credited to your demat account by Tuesday, March 14, 2023. Check the Systango Technologies IPO allotment status.
The Systango Technologies IPO listing date is on Wednesday, March 15, 2023.
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