Systango Technologies IPO

Systango Technologies IPO will open for subscription from 02 March 2023. the company aims for an issue size of ₹34.82 Cr through this IPO.


About Company

Incorporated in 2004, Systango Technologies is engaged in the business of providing software solutions. The offerings of the company enable companies to design, implement and manage their own customized digital platforms. The platforms designed by Systango include Web2, Web3, and mobile applications with a strong emphasis on data and analytics. The company has a range of software solutions that include- Website development, Mobile app development (both for iOS and Android applications), Web3 development, DeFi (Decentralized finance), Data Engineering, Implementation of blockchain, Cloud computing, and Digital Marketing.

The company offers its services across various sectors like Hospitality, Property Tech, Financial Services (FinTech), Fantasy Sports, and many others. Systango Technologies has evolved as a professional and technical service provider over the years of its operations. Its end-to-end technology solutions help entities and organizations to effectively implement innovations in their system and keep up with the new-age world.


Basic details about the company

Full nameSystango Technologies Limited
SectorInformation Technology
IndustryIT – Software
Company Websitehttps://www.systango.com/

The objective of the Issue

  • Strategic Investment and Acquisitions;
  • Investment in Subsidiaries;
  • To Meet Working Capital Requirements;
  • General Corporate Purposes;
  • Issue Expenses.

IPO Timetable

IPO Opening date02 March 2023
IPO Closing06 March 2023
Basis of Allotment10 March 2023
Initiation Refund13 March 2023
Credit to Demat Account14 March 2023
Listing Date15 March 2023

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹34.82 Cr – 3,868,800 shares
Fresh Issue₹34.82 Cr – 3,868,800 shares
Offer for saleNil
Face value₹10 per share
Price Band₹85 to ₹90 per share
Lot size1600 Shares
Retail Allocation35% of the Net Issue
Listing ExchangeNSE SME

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)11600₹144,000
Retail (Max)11600₹144,000
HNI (Min)23,200₹288,000

Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Financial Performance

 FY 2020FY 2021FY 2022H1 FY 2023
Revenue1,428.52,299.03,268.82,239.4
Expenses1,162.71,710.12,586.51,622.5
Net income251.9567.9675.8572.3
(Amount in ₹ Lakhs)

Valuations & Margins

FY 2020FY 2021FY 2022
EPS2.335.266.27
PE ratio14.35
RONW (%)52.8354.3539.30
NAV4.419.6815.95
ROCE (%)61.3864.8846.90
EBITDA (%)21.2927.2722.74
Debt/Equity0.560.460.32

Company Promoters

  • Vinita Rathi
  • Nilesh Rathi

Promoter Holding

Pre Issue Share Holding97.73%
Post Issue Share Holding

Lead Manager(s)

  • Hem Securities Limited

IPO Registrar

BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Telephone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com


Contact Details

SYSTANGO TECHNOLOGIES LIMITED
Third Floor (LHS), STP-I Crystal IT Park,
Ring Road, Indore 452010, Madhya Pradesh, India
Phone: +91 0731 2971030
E-mail: cs@systango.com
Website: www.systango.com


Allotment Status

Systango Technologies IPO allotment status will be available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.


Final thoughts

Systango Technologies IPO is going to hit Dalal street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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