Systango Technologies Limited IPO (Systango Technologies IPO)

Systango Technologies Limited IPO
Upcoming Systango Technologies IPO | New Systango Technologies IPO

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

Systango Technologies IPO – Details

IPO Opening Date02 March 2023
IPO Closing Date06 March 2023
Issue TypeBook Built Issue IPO
Issue Size38,68,800 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 Lot1600 Shares
Min Order11600 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
QIB Shares Offered50%
Retail Shares Offered35%
NII (HNI) Shares Offered15%

Systango Technologies IPO – Date Schedule

IPO Open Date02 March 2023
IPO Close Date06 March 2023
Basis of Allotment10 March 2023
Initiation of Refunds13 March 2023
Credit of Shares to Demat Account14 March 2023
IPO Listing Date15 March 2023

Systango Technologies IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)

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.
Systango Technologies IPO
Issue Object

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 202014.5511.622.51
31 March 202123.8817.105.68
31 March 202233.9225.866.76
30 September 202223.0116.225.72
Amount in ₹ Crore

Systango Technologies IPO Promoter Holding

Pre Issue Share Holding97.73%
Post Issue Share Holding71.96%

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

Systango Technologies IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Systango Technologies IPO Lead Manager(s)

1. Hem Securities Limited

Systango Technologies IPO FAQs

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.
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