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
₹34.82
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
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
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
Strengths
3-
They have a diversified client base from different countries and sectors.
-
The company is financially stable with a track record of earning profits.
-
They have teams of skilled professionals from diverse technological backgrounds.
Risks
3-
They primarily depend on a few customers for most of their revenue, and losing a customer will impact their earnings.
-
The software industry is rapidly changing, which requires companies to stay updated with the new advancements.
-
They rely on their abilities to meet the customisation requirements of their clients.
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Systango Technologies IPO FAQs
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
The IPO shares of Systango Technologies Ltd. will be allotted on March 10, 2023.
One lot of Systango Technologies Ltd. IPO has 1600 shares.
The IPO will open on March 02, 2023.
Retail investors can apply for a minimum of one lot of 1600 shares at the price band of ₹85-90 per share.
