IPO Details

Bidding Dates

02 Mar '23 - 06 Mar '23

Minimum Investment

₹144,000 / 1 Lots ( 1660 Shares )

Price Range

₹85 - ₹90

Maximum Investment

₹144,000 / 1 Lots ( 1600 Shares )

Retail Discount

To be announced

Issue Size


Investor category and sub category

Qualified Institutional Buyers   |   Non-Institutional Investors  |   Retail Individual Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

Mar 2, 2023

IPO Close Date

Mar 6, 2023

Basis of Allotment

Mar 10, 2023

Initiation of Refunds

Mar 13, 2023

Credit of Shares to Demat Account

Mar 14, 2023

Listing Date

Mar 15, 2023

Systango Technologies IPO Subscription Details


Day 1Mar 2, 2023

0.00 0.96 3.24 1.28

Day 2Mar 3, 2023

0.41 3.75 12.10 5.01

Day 3Mar 6, 2023

14.10 230.36 66.59 64.99

Systango Technologies IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyers 14.10
Non-Institutional Buyers 230.36
Retail Investors 66.59
Employees [.]
Others [.]
Total 64.99

About Company

They are a software company that enables businesses to design, implement and manage their customised digital platforms, including W2, W3 and mobile applications. The company offers diversified products and solutions, including:

  • Website development 
  • Mobile app development
  • Web3 development 
  • Blockchain implementation 
  • Data Engineering 
  • Cloud computing 
  • Digital Marketing

They offer services across sectors like hospitality, property tech, fintechs, fantasy games, and others. 

Systango Technologies Ltd. IPO Objective

The company proposes to utilise the fund in the areas below:

  • Strategic investment and acquisition 
  • Investment in subsidiaries 
  • Working capital requirements and general corporate purposes 
  • Meet issue expenses

Why should you invest in Vertexplus Technologies Ltd IPO?

Here are some highlights for you to consider investing in the IPO:

  • They received several accolades, including ISO 9001:2015 for Quality Management System and ISO 27001:2018 for Information Security Management System certifications. 
  • They have a strong track record of being profitable.
  • In the last 15 years, the company has catered to global audiences in the USA, UK, Canada, Australia, Hongkong, Switzerland, Qatar etc. 

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

Know before investing


  1. They have a diversified client base from different countries and sectors.

  2. The company is financially stable with a track record of earning profits.

  3. They have teams of skilled professionals from diverse technological backgrounds.


  1. They primarily depend on a few customers for most of their revenue, and losing a customer will impact their earnings.

  2. The software industry is rapidly changing, which requires companies to stay updated with the new advancements.

  3. They rely on their abilities to meet the customisation requirements of their clients.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Systango Technologies IPO FAQs

What is Systango Technologies Ltd. IPO?

Systango Technologies Ltd. SME prepares to raise ₹34.82 crore from a sale of 3,868,800 equity shares. The offer will remain open for subscription from March 2 to 6, 2023

When will Systango Technologies Ltd. IPO allotment available?

The IPO shares of Systango Technologies Ltd. will be allotted on March 10, 2023.

What will be the lot size of Systango Technologies Ltd. IPO?

One lot of Systango Technologies Ltd. IPO has 1600 shares.

When will Systango Technologies Ltd. IPO open for subscription?

The IPO will open on March 02, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot of 1600 shares at the price band of ₹85-90 per share.