The Systango Technologies IPO date has been confirmed from March 2, 2023, and closes on March 6, 2023. Read the post to learn about Systango Technologies Limited IPO GMP.
Systango Technologies IPO is a book-built issue worth Rs 34.82 crores. This issue consists of a total of 38.69 lakh shares, all of which are fresh. The bidding for the Systango Technologies IPO commenced on March 2, 2023, and concluded on March 6, 2023. The allotment for this IPO was finalised on Friday, March 10, 2023. Subsequently, the shares were listed on NSE SME on March 15, 2023.
Start your investing journey today. Find the latest information on Upcoming IPOs.
Key Details Of Systango Technologies IPO:
Bidding Dates
March 2 – 6,2023
Price Range
₹85 to ₹90 per share
Face Value
₹10 per share
GMP
₹ 20
Systango Technologies IPO GMP
The Systango Technologies IPO GMP Today is ₹ [20].
Systango Technologies IPO Overview
The price range for Systango Technologies IPO has been established at ₹85 to ₹90 per share. A minimum lot size of 1600 shares is required to apply for this IPO. Retail investors need to invest a minimum amount of ₹144,000. On the other hand, HNI investors need to invest in 2 lots, equivalent to 3,200 shares, totalling ₹288,000. The company offers diverse software solutions, including website development, mobile app development for iOS and Android platforms, Web3 development, DeFi (Decentralized finance), data engineering, blockchain implementation, cloud computing, and digital marketing.
Systango Technologies IPO Date & Price Band Details
| IPO Date | March 2, 2023 to March 6, 2023 |
| Listing Date | March 15, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,868,800 shares (aggregating up to ₹34.82 Cr) |
| Fresh Issue | 3,868,800 shares (aggregating up to ₹34.82 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 196,800 shares |
Systango Technologies IPO Market Lot
Investors must bid at least 1600 shares, but they may bid in multiples of this number. The table below illustrates the minimum and maximum investment that retail investors and HNI can make regarding shares and the corresponding amount.
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3,200 | ₹288,000 |
Systango Technologies IPO Allotment and Listing Dates
| IPO Open Date | Thursday, March 2, 2023 |
| IPO Close Date | Monday, March 6, 2023 |
| Basis of Allotment | Friday, March 10, 2023 |
| Initiation of Refunds | Monday, March 13, 2023 |
| Credit of Shares to Demat | Tuesday, March 14, 2023 |
| Listing Date | Wednesday, March 15, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 6, 2023 |
Systango Technologies Company Financials
| Financial year | 6 months period ended September in 2022 | Year ending on As on 31st March, 2021 | Year ending on 31st March, 2020 |
| Revenue from operation | 2239.39 | 32.68.80 | 2298.96 |
| Profit After Tax | 572.30 | 676.99 | 568.26 |
| EBITDA | 641.67 | 626.97 | |
| EBITDA Margin | 28.65% | 22.74% | 27.27% |
| Current Asset | 2,476.98 | 2,050.23 | 1,355.06 |
| Current Liabilities | 353.95 | 465.30 | 406.74 |
Company Profile
Systango Technologies Limited, established in 2004, specialises in software solutions for businesses. The offerings empower companies to create, execute, and manage their personalised digital platforms. Systango’s platforms, such as Web2, Web3, and mobile applications, prioritise data and analytics, ensuring robust functionality. The company’s extensive software solutions encompass website development, iOS and Android mobile app development, Web3 development, DeFi (Decentralized finance), data engineering, blockchain implementation, cloud computing, and digital marketing. Systango Technologies caters to various sectors, including hospitality, property
tech, financial services (FinTech), fantasy sports, and more. Throughout its years of operation, the company has evolved into a reputable provider of professional and technical services. Their comprehensive technology solutions and support enable entities and organisations to effectively incorporate innovations into their systems and stay ahead in the modern world.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
Contact Details
| Name | Systango Technologies Limited |
| Phone number | +91 0731 2971030 |
| Email ID | [email protected] |
| Website | https://www.systango.com/ |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Systango Technologies IPO FAQs
When Systango Technologies IPO will open?
The Systango Technologies IPO opens on March 2, 2023 and closes on March 6, 2023.
What is the lot size of Systango Technologies IPO?
Systango Technologies IPO lot size is 1600 Shares, and the minimum amount required is ₹144,000.
When is Systango Technologies IPO allotment?
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.
When is Systango Technologies IPO listing date?
Leave a Reply