Systango Technologies IPO Details ( Systango Technologies Limited IPO Review )
(02 Mar 2023 – 06 Mar 2023)
Systango Technologies Limited, established in 2004, specializes in offering software solutions to businesses. Its services empower companies to create, execute, and oversee tailor-made digital platforms.
Systango’s expertise lies in designing various digital platforms such as Web2, Web3, and mobile applications, which are focused on leveraging data and analytics.
Systango Technologies Limited offers a diverse array of software solutions, encompassing website development, iOS and Android mobile app development, Web3 development, Decentralized finance (DeFi), data engineering, blockchain implementation, cloud computing, and digital marketing.
Systango Technologies extends its services to multiple industries, such as hospitality, property technology, financial services (FinTech), fantasy sports, and more.
Over the years, Systango Technologies has grown into a professional and technical service provider. The company’s comprehensive technology solutions and support aid entities and organizations in effectively implementing innovations in their systems and keeping pace with the demands of the new age.
Systango Technologies Company Services:
- Full Cycle Product Development
- Data Engineering and Machine Learning Services
- Web3 and Blockchain Solutions
- DevOps
- Product Architecture and design
- Digital Marketing
- Cloud Services
Systango Technologies IPO Competitive Strength
- Qualified and Experienced Promoters and Employee base
- Diversified revenue from multiple geographies
- Diversified Client base
- End-to-end solutions and support
- Strong User Interface (UI)/ User Experience (UX) Design Capabilities and hyper-focus on customer success
Systango Technologies IPO Financials Performance ( Results )
Systango Technologies Limited Financial Information ( Restated Consolidated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 744.32 | 1,455.31 | 251.88 | 2.33 | 476.81 | 4.41 | 421.81 | 0 |
| 31-Mar-21 | 1,537.57 | 2,388.09 | 568.26 | 5.26 | 1,045.50 | 9.68 | 775.50 | 0 |
| 31-Mar-22 | 2,288.97 | 3,392.10 | 676.99 | 6.27 | 1,722.49 | 15.95 | 1,452.49 | 0 |
| 30-Sep-22 | 2,732.41 | 2,301.30 | 572.30 | 5.30 | 2,296.98 | – | 2,026.98 | 0 |
Objective of IPO Issue
- Strategic Investment and Acquisitions
- Investment in Subsidiaries
- To Meet Working Capital Requirements
- General Corporate Purposes
- Issue Expenses
Systango IPO Basic Details
| IPO Date | Mar 02, 2023 to Mar 06, 2023 |
| Listing Date | Wednesday , March 15, 2023 |
| Face Value | ₹10 per share |
| Price | ₹85 to ₹90 per share |
| Lot Size | 1600 Shares |
| Issue Size | 3,868,800 shares of ₹10 (aggregating up to ₹34.82 Cr) |
| Fresh Issue | 3,868,800 shares of ₹10 (aggregating up to ₹34.82 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| QIB Shares Offered | 50% of the Offer |
| NII (HNI) Shares Offered | 15% of the Offer |
| Retail Shares Offered | 35% of the Offer |
| Company Promoters | Vinita Rathi and Nilesh Rathi are the promoters of the company |
Systango Technologies IPO Timetable
Systango Technologies IPO will open on Mar 02, 2023 and close on Mar 06, 2023. You can join Systango Technologies IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | Mar 02, 2023 |
| Closing Date | Mar 06, 2023 |
| Basis of Allotment | Mar 10, 2023 |
| Initiation of Refunds | Mar 13, 2023 |
| Credit of Shares to Demat | Mar 14, 2023 |
| Listing Date | Mar 15, 2023 |
Systango Technologies IPO Lot Size
For retail investors in Systango Technologies IPO, 0000 shares will come in 1 lot or the minimum investment will be ₹144,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹144,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| S-HNI (Min) | 2 | 3200 | ₹288,000 |
Systango IPO Promoter Holding
| Pre Issue Share Holding | 97.73% |
| Post Issue Share Holding |
Systango Technologies IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹6.27 per Equity Share |
| Price/Earning P/E Ratio | – |
| Return on Net Worth (RoNW) | 39.30% |
| Net Asset Value (NAV) | ₹15.95 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | – |
Systango Technologies Ltd Peer comparison
| Company Name | CPM | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | P/BV Ratio |
| Systango Technologies Ltd | – | 10.00 | 6.27 | – | 39.30% | – |
| Peer Company’s | ||||||
| InfoBeans Technologies Ltd | 549.50 | 10.00 | 22.82 | 24.29 | 23.88% | 4.97 |
| Innovana Thinklabs Limited | 669.00 | 10.00 | 20.46 | 32.70 | 24.92% | 8.56 |
| Ksolves India Ltd | 441.55 | 10.00 | 12.88 | 34.28 | 93.63% | 27.8 |
Systango IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 13 March 2023 | ₹25 | – | – |
| 12 March 2023 | ₹25 | – | – |
| 11 March 2023 | ₹26 | – | – |
| 10 March 2023 | ₹27 | – | – |
| 09 March 2023 | ₹27 | – | – |
| 08 March 2023 | ₹28 | – | – |
| 07 March 2023 | ₹25 | – | – |
| 06 March 2023 | ₹18 | – | – |
| 05 March 2023 | ₹25 | – | – |
| 04 March 2023 | ₹28 | – | – |
| 03 March 2023 | ₹30 | – | – |
| 02 March 2023 | ₹31 | – | – |
| 01 March 2023 | ₹0 | – | – |
| 28 February 2023 | ₹0 | – | – |
Systango Technologies IPO Detail Video:
Systango Technologies IPO Subscription Status (Bidding Detail)
The Systango Technologies IPO on Mar 06, 2023 at 7:00:00 PM was subscribed 64.99 times, with the retail category being subscribed 66.59 times, the NII (Non-Institutional Investor) category being subscribed 230.36 times and the QIB (Qualified-Institutional Buyers) category being subscribed 14.10 times.
| Category | Subscription |
| QIB | 14.10x |
| NII | 230.36x |
| Retail | 66.59x |
| Total | 64.99x |
Systango Technologies IPO Prospectus
Systango Technologies IPO Rating
| Our Rating | 2.5/5.0 |
Systango Technologies Compnay Contact Information
Systango Technologies Limited
Registered Office: Third Floor (LHS), STP-I Crystal IT Park, Ring Road,
Indore 452010, Madhya Pradesh, India.
Tel No: +91 0731 2971030
E-mail: cs@systango.com
Website: www.systango.com
Contact Person: Apurva Mishra, Company Secretary & Compliance Officer
Promoters of our Company: Vinita Rathi and Nilesh Rathi
Systango Technologies IPO Registrar
Bigshare Services Private Limited
Address: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri (East) Mumbai – 400093, Maharashtra, India.
Telephone: +91 22 6263 8200; Facsimile: +91 22 6263 8299
Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Babu Raphel
SEBI Registration Number: MB/INR000001385
CIN: U99999MH1994PTC076534
Systango Technologies IPO Lead Manager
HEM SECURITIES LIMITED
Registered Office: 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai-400013, Maharashtra, India
Tel. No.: +91- 022- 49060000;
Fax No.: +91- 022- 22625991
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Website: www.hemsecurities.com
Contact Person: Ajay Jain
SEBI Regn. No.: INM000010981
Systango Technologies IPO FAQs
What is the lot size of Systango Technologies IPO?
The total size of Systango Technologies IPO is ₹34.82 crores and this is a complete fresh Issue.
When will Systango Technologies IPO start?
Systango Technologies IPO will Open from 02 March 2023 and IPO will Close on 06 March 2023.
What is the open date of Systango Technologies IPO?
Systango Technologies IPO will start from 02 March 2023.
What is the last date ( close date ) of Systango Technologies IPO?
Systango Technologies IPO will close from 06 March 2023.
What is the price band of Systango Technologies IPO?
Systango Technologies IPO price band is ₹85 to ₹90 per share. ( Upper Price Band: ₹90, Lower Price Band: ₹85 )
What is the minimum amount required to apply for Systango Technologies IPO?
The minimum investment for retailers to apply for Systango Technologies IPO is ₹144,000 and the maximum investment is ₹144,000.
What is going on gray market premium of Systango Technologies IPO?
View gray market premium of Systango Technologies IPO by Clicking Here
How much is the GMP of Systango Technologies IPO?
Watch Systango Technologies IPO GMP Today: Click Here
What is the allotment date of Systango Technologies IPO?
The allotment date of Systango Technologies IPO is 10 March 2023.
How to check allotment status in Systango Technologies IPO?
To check the allotment status of Systango Technologies IPO, first of all go to the registrar website by clicking here, select your bad Systango Technologies IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Systango Technologies IPO?
The listing date of Systango Technologies IPO is 15 March 2023.
How much will be the listing gain in Systango Technologies IPO?
View listing gain of Systango Technologies IPO by Clicking Here
How much time Systango Technologies IPO is subscribed?
Total 64.99 times subscribed in Systango Technologies IPO out of which 66.59 times subscription was done in retail quota, 14.10 times subscription in QIB quota and 230.36 times subscription in NII quota.
How to apply for Systango Technologies IPO from Upstox?
Click Here to see how to apply for Systango Technologies IPO from Upstox. (step by step)
How to apply for Systango Technologies IPO from Zerodha?
Click Here to see how to apply for Systango Technologies IPO from Zerodha. (step by step)
How to apply for Systango Technologies IPO from Angle One?
Click Here to see how to apply for Systango Technologies IPO from Angle One. (step by step)
