Systango Technologies Limited is engaged in the business of providing software solutions that enables 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
- Digital Marketing
Systango Technologies clients range from entrepreneurs and start-up enterprises to established companies, engaged in business of Fantasy Sports, transportation and logistics, Financial Services (FinTech) and various other industries including clients like Sila Inc, Urbansoft Sa(Pty)Ltd, Youtility Ltd, Ulster University, Ireland and others.
Systango Technologies IPO – Details
| IPO Opening Date | 02 March 2023 |
| IPO Closing Date | 06 March 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 38,68,800 Shares Worth ₹34.81 Crore Fresh Issue: 38,68,800 Shares Worth ₹34.81 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹85-₹90 |
| Market Lot | 1600 Shares |
| Min Order1 | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Systango Technologies IPO – Date Schedule
| IPO Open Date | 02 March 2023 |
| IPO Close Date | 06 March 2023 |
| Basis of Allotment | 10 March 2023 |
| Initiation of Refunds | 13 March 2023 |
| Credit of Shares to Demat Account | 14 March 2023 |
| IPO Listing Date | 15 March 2023 |
Systango Technologies IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 1600 | 1,44,000 |
| Maximum | 1 | 1600 | 1,44,000 |
Competitive Strengths
- 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.
Company Promoters
- Vinita Rathi
- Nilesh Rathi
Object Of The Issue
- Strategic Investment and Acquisitions;
- Investment in Subsidiaries;
- To Meet Working Capital Requirements;
- General corporate purposes.
- Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 14.55 | 11.62 | 2.51 |
| 31 March 2021 | 23.88 | 17.10 | 5.68 |
| 31 March 2022 | 33.92 | 25.86 | 6.76 |
| 30 September 2022 | 23.01 | 16.22 | 5.72 |
Systango Technologies IPO Promoter Holding
| Pre Issue Share Holding | 97.73% |
| Post Issue Share Holding | 71.96% |
Amanaya Ventures IPO Prospectus
Company Contact Information
| Systango Technologies Limited Third Floor (LHS), STP-I Crystal IT Park, Ring Road, Indore – 452010 Phone: +91 0731 2971030 Email: cs@systango.com Website: http://www.systango.com/ |
Systango Technologies IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: http://www.bigshareonline.com |
Systango Technologies IPO Lead Manager(s)
| 1. Hem Securities Limited |
Systango Technologies IPO FAQs
| What is Systango Technologies IPO? Systango Technologies IPO is a SME IPO. The issue is priced at ₹85-₹90 per equity share. The IPO is to be listed on NSE SME. |
| When Systango Technologies IPO will open? The IPO is to open on 02 March 2023 for NII and Retail Investors. |
| What is Systango Technologies IPO Investors Portion? The investors portion for QIB- 50%, NII-15%, and Retail-35%. |
| How to Systango Technologies IPO? You can apply Systango Technologies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Systango Technologies IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Systango Technologies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Systango Technologies IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Systango Technologies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Systango Technologies IPO Size? Systango Technologies IPO size is ₹34.81 crores. |
| What is Systango Technologies IPO Price Band? Systango Technologies IPO Price Band is ₹85-₹90. |
| What is Systango Technologies IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,44,000 amount while the maximum bid is 1600 shares with ₹1,44,000. |
| What is the Systango Technologies IPO Allotment Date? Systango Technologies IPO allotment date is 10 March 2023. |
| What is the Systango Technologies IPO Listing Date? Systango Technologies IPO listing date is 15 March 2023. The IPO is to list on NSE SME. |
