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Systango Technologies IPO GMP, Date, Price, Review, Allotment 2023 – IPO Watch

Written by 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?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Systango Technologies”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Systango Technologies IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Systango Technologies”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Systango Technologies IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Systango Technologies”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 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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