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 |
|---|---|---|
| Revenue from operation | 2239.39 | 32.68.80 |
| Profit After Tax | 572.30 | 676.99 |
| EBITDA | 641.67 | |
| EBITDA Margin | 28.65% | 22.74% |
| Current Asset | 2,476.98 | 2,050.23 |
| Current Liabilities | 353.95 | 465.30 |
Know before investing
Strengths
3They 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
3They 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.
