Systango Technologies IPO Subscription Details

Bookbuilding IPO | ₹35 Cr | Listed at NSE SME | Thu, Mar 2, 2023 - Mon, Mar 6, 2023

Basis of Allotment - Systango Technologies IPO

Category QIB NII Retail Total
Ex. Anchor Anchor Investor Total QIB
Allocation (No. of shares)7,34,40010,99,20018,33,6005,52,00012,86,40036,72,000
Allotment price (Rs.)909090909090
No.of applications194233,24452,75656,023
No.of shares applied2,52,48,00010,99,2002,63,47,20012,75,64,8008,44,09,60023,83,21,600
Amount collected (Rs.cr.)227.23 9.89 237.12 1,148.08 759.69 2,144.89
No.of times subscribed34.381.0014.37231.1065.6264.90
No.of shares allotted7,34,40010,99,20018,33,6005,52,00012,86,40036,72,000
Amount (Rs.cr.)6.61 9.89 16.50 4.97 11.58 33.05
No.of allottees194232608041,087

IPO Shares Offered

Systango Technologies IPO is a public issue of 0.37 Cr equity shares. The issue offers 0.13 Cr shares to retail investors, 0.18 Cr shares to qualified institutional buyers, and 0.06 Cr shares to non-institutional investors.

CategoryShares OfferedAmt (₹ Cr.)Size (%)
Market Maker1,96,8001.77 5.09%
QIB 18,33,60016.50 47.39%
    Anchor 10,99,200 9.89 28.41%
    QIB (Ex Anchor) 7,34,400 6.61 18.98%
NII 5,52,0004.97 14.27%
Retail12,86,40011.58 33.25%
Total38,68,80034.82 100%

Systango Technologies IPO Anchor Investor Allocation

A total of 10,99,200 shares at a price of Rs 90 per share will be allotted to the anchor investors.

Anchor investors bid opening dateMar 01, 2023
Anchor investor price₹90.00
Anchor investors as % of QIBs59.95%
No. of shares locked-in for 30 days5,49,600
No. of shares locked-in for 90 days5,49,600
S.No.Anchor InvestorGroup EntityNo. of Shares AllottedAmount (Rs.cr.)% Allotment within Anchor Investor Portion% Allotment of Issue
1 MAVEN INDIA FUND MAVEN 2,06,400 1.86 18.78 5.33
2 INDIA-AHEAD VENTURE TRUST INDIA-AHEAD VENTURE 3,90,400 3.51 35.52 10.09
3 BENGAL FINANCE & INVESTMENT PVT.LTD. BENGAL FINANCE & INVESTMENT 2,51,200 2.26 22.85 6.49
4 SAINT CAPITAL FUND SAINT CAPITAL 2,51,200 2.26 22.85 6.49
10,99,2009.8910028.41

IPO Subscription FAQs

The Systango Technologies IPO is subscribed 64.9943 times by Mar 06, 2023 19:00.

Systango Technologies IPO Subscription

Investor Category Subscription (times)
Qualified Institutional14.0951
Non Institutional230.3594
Retail Individual66.5858
Total Subscription64.9943

Retail category of Systango Technologies IPO subscribed 66.5858 times as of date Mar 06, 2023 19:00. The public issue closes on Mon, Mar 6, 2023 for bidding.

An investor can apply in Systango Technologies IPO online via bank (using ASBA) or the broker (using UPI). The Systango Technologies IPO shares are offered online only.

The Systango Technologies IPO is subscribed 64.9943 times by Mar 06, 2023 19:00.

The Systango Technologies IPO allotment status is expected on or around Friday, March 10, 2023. Visit Systango Technologies IPO allotment status to check.

The Systango Technologies IPO listing date is March 15, 2023. The equity share of Systango Technologies IPO will list on NSE SME.

Visit Systango Technologies IPO subscription status page for real-time bidding information about Systango Technologies IPO.

Systango Technologies IPO Timetable

IPO opens OnThursday, March 2, 2023
IPO Closes OnMonday, March 6, 2023
Finalisation of Basis of AllotmentFriday, March 10, 2023
Initiation of RefundsMonday, March 13, 2023
Credit of Shares to Demat AccountTuesday, March 14, 2023
IPO Listing DateWednesday, March 15, 2023
Open an Instant Account with Zerodha