Systango Technologies IPO GMP, Date, Price, Review, Allotment 2023 – IPO Watch
Written by Lucky Wilson | KGTO Writer on February 27, 2023
Systango Technologies IPO Details: Systango Technologies IPO date is fixed, The IPO will open on March 2 and will close on March 6, 2023. Systango Technologies is an NSE SME IPO to raise ₹34.82 crores via IPO. The Systango Technologies IPO price band is fixed at ₹85 to ₹90 with a market lot of 1600 shares.
Systango Technologies Limited is a software development company. They provide services to almost all the technology verticals from customized digital platforms. The platforms include Web2, Web3, and Mobile Applications based on a strong emphasis on data, and analytics. They are a digital transformation partner with leading digital, cloud-native, and security capabilities to help you build a better version of your business.
They provide software solutions that include web development, mobile app development for iOs and Android devices, Web3 development, DeFi, Data Engineering, Blockchain Implementation, Cloud Computing, and Digital Marketing. They offer services to sectors like Hospitality, Property Tech, Financial Services (FinTech), Fantasy Sports, and many others.
Objects of the Issue:
- Strategic Investment and Acquisitions.
- Investment in Subsidiaries.
- To Meet Working Capital Requirements.
- General Corporate Purposes.
- Issue Expenses.
Systango Technologies IPO Review
| Date | GMP | Kostak | Subject to |
| 27 February | ₹30 | ₹- | ₹45000 |
Systango Technologies IPO Date & Price Band Details
| IPO Open: | March 2, 2023 |
| IPO Close: | March 6, 2023 |
| IPO Size: | Approx ₹34.82 Crores, 38,68,800 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹85 to ₹90 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Systango Technologies IPO Market Lot
The Systango Technologies IPO minimum market lot is 1600 shares with a ₹144,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹144,000 |
| Retail Maximum | 1 | 1600 | ₹144,000 |
| S-HNI Minimum | 2 | 3200 | ₹288,000 |
Systango Technologies IPO Dates
The Systango Technologies IPO date is March 2 and the IPO close date is March 6. The IPO allotment date is March 10 and the IPO might list on March 15.
| IPO Open Date: | March 2, 2023 |
| IPO Close Date: | March 6, 2023 |
| Basis of Allotment: | March 10, 2023 |
| Refunds: | March 13, 2023 |
| Credit to Demat Account: | March 14, 2023 |
| IPO Listing Date: | March 15, 2023 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Systango Technologies IPO Form
How to apply Systango Technologies IPO? You can apply Systango Technologies IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Systango Technologies IPO in the Invest section. The other option you can apply Systango Technologies IPO via IPO forms download via the NSE website. Check out the Systango Technologies forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Systango Technologies Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹14.55 | ₹11.63 | ₹2.52 |
| 2021 | ₹23.88 | ₹17.10 | ₹5.68 |
| 2022 | ₹33.92 | ₹25.86 | ₹6.76 |
| 2023 6M | ₹23.01 | ₹16.23 | ₹5.72 |
Systango Technologies IPO Valuation – FY2022
Check Systango Technologies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹6.27 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 39.30% |
| Net Asset Value (NAV): | ₹15.95 per Equity Share |
Peer Group
- InfoBeans Technologies Ltd
- Innovana Thinklabs Limited
- Ksolves India Ltd
Systango Technologies IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Systango Technologies IPO Allotment Status
Check Systango Technologies IPO allotment status on Bigshare website URL. Click Here
Systango Technologies IPO Lead Managers
Company Address
Systango Technologies Limited
Third Floor (LHS),
STP-I Crystal IT Park, Ring Road,
Indore – 452010
Phone: +91 0731 2971030
Email: [email protected]
Website: http://www.systango.com/
Systango Technologies IPO FAQs
What is Systango Technologies IPO?
Systango Technologies IPO is am NSE SME IPO. They are going to raise ₹34.82 Crores via IPO. The issue is priced at ₹85 to ₹90 per equity share. The IPO is to be listed on NSE.
When Systango Technologies IPO will open?
The IPO is to open on March 2, 2023 for QIB, NII, and Retail Investors.
What is Systango Technologies IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the 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 Zerodha?
How to Apply the Systango Technologies IPO through Upstox?
How to Apply the Systango Technologies IPO through Paytm Money?
What is Systango Technologies IPO Size?
Systango Technologies IPO size is ₹34.82 crores.
What is Systango Technologies IPO Price Band?
Systango Technologies IPO Price Band is ₹85 to ₹90 per equity share.
What is Systango Technologies IPO Minimum and Maximum Lot Size?
The IPO bid is 1600 shares with ₹144,000.
What is Systango Technologies IPO Allotment Date?
Systango Technologies IPO allotment date is March 10, 2023.
What is Systango Technologies IPO Listing Date?
Systango Technologies IPO listing date is March 15, 2023. The IPO to list on NSE SME.
Note: The Systango Technologies IPO details are announced officially. The IPO grey market premium (Systango Technologies IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)
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