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SME IPO Status: Listed [2nd Mar 2023 to 6th Mar 2023]
Systango Technologies Limited offers a SME IPO issue size of 3,868,800 equity shares. The subscription for this SME IPO is opening from 02 Mar 2023 to 06 Mar 2023. The face value of the equity share is Rs 10 per share. The issue price band for this IPO is ranging from Rs 85 to Rs 90 per share along with the Lot size of 1600 shares and its multiple.
Stay updated with us to know more about the Systango Technologies Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.
| SME IPO Issue Opening Date: | 2nd Mar 2023 |
| SME IPO Issue Closing Date: | 6th Mar 2023 |
| SME IPO Issue Price: | ₹85-90 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹34.82 Cr |
| Fresh Issue: | ₹34.82 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 97.73% |
| Promoter Holding Post IPO: | 71.96% |
| Allotment Status: | Allotment Status |
| NSE Code: | SYSTANGO |
Get important updates regarding Systango Technologies SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 10th Mar 2023 |
| Refunds Initiation* | 13th Mar 2023 |
| Credit of Shares to Demat* | 14th Mar 2023 |
| SME IPO Listing Date* | 15th Mar 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹85-90 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹144000 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 15-03-2023 | 90 | 20 | 30000 | ₹110 (22.22%) | 15-Mar-2023 10:03 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
This Company was originally incorporated as "Bushcare Overseas Private Limited" on September 17, 2004 further, the name of this company changed to "Systango Technology Limited" on Dec 2022. They are engaged in the business of providing software solutions that enable companies to design, implement and manage their own customized digital platforms including Web2, Web3 and mobile applications with a strong emphasis on data and analytics.
Systango provides a range of software solution services including like: website development, mobile app development (both for iOS and Android applications), web3 development, DeFi (Decentralized finance), data engineering, implementation of blockchain, cloud computing, digital marketing etc for companies across sectors such as Financial Services (FinTech), Hospitality, Fantasy Sports, Property Tech etc.
Over the years the company has evolved as a professional and technical service provider by offering end-to-end technology solutions and support. Its clients range from entrepreneurs and start-up enterprises to established companies, engaged in the business of Fantasy Sports, transportation and logistics, Financial Services (FinTech) and various other industries including clients like Sila Inc, Urbansoft Sa(Pty)Ltd, Youtility Ltd, Ulster University, Ireland and others.
| Incorporation | Sector | IPO Issue Size | Website |
| 2004 | IT Solutions | ₹34.82 Cr | http://www.systango.com/ |
The company intends to utilize the proceeds of the Issue to meet the following objectives:-
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,833,600 (49.93%) | 552,000 (15.03%) | 1,286,400 (35.03%) | 3,672,000 | |
| 1 | 2nd Mar 2023 17:02 | 0.00x | 0.96x | 3.24x | 1.28x |
| 2 | 3rd Mar 2023 17:02 | 0.41x | 3.75x | 12.10x | 5.01x |
| 3 | 6th Mar 2023 19:02 | 14.10x | 230.36x | 66.59x | 64.99x |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 744.32 | 1,455.31 | 251.88 | 476.81 | 421.81 |
| 31-Mar-21 | 1,537.57 | 2,388.09 | 568.26 | 1,045.50 | 775.50 |
| 31-Mar-22 | 2,288.97 | 3,392.10 | 676.99 | 1,722.49 | 1,452.49 |
| 30-Sep-22 | 2,732.41 | 2,301.30 | 572.30 | 2,296.98 | 2,026.98 |
| Amount in ₹ Lakhs | |||||
Last Updated on 18-Mar-2023 09:00:10
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Systango Technologies SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Systango Technologies SME IPO with Zerodha.
Alternate approch to apply in Systango Technologies SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Systango Technologies SME IPO Review and Important Updates
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To subscribe or apply in Systango Technologies SME IPO, you can use the following methods:
| Systango Technologies SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Systango Technologies SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Systango Technologies SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Systango Technologies SME IPO. Most of the Syndicate Banks provide access to apply in Systango Technologies IPO via ASBA process. You must have your net banking access, DP ID information to apply in Systango Technologies SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Systango Technologies SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Systango Technologies SME IPO Review and Important Updates
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Systango Technologies SME IPO is going to be list on 15-03-2023. NSE Code for Systango Technologies is SYSTANGO. BSE Code for Systango Technologies is .
Other relevant questions:
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Systango Technologies SME IPO Allotment Date is 10-03-2023.
Other relevant questions:
Systango Technologies SME IPO share allotment date?Systango Technologies SME IPO allotment date?
