Systango Technologies Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,833,600 (47%) | — | ₹1,650 Cr |
| NII (HNI) | — | 552,000 (14%) | — | ₹497 Cr |
| Retail | — | 1,286,400 (33%) | — | ₹1,158 Cr |
| Market Maker | — | 196,800 (5%) | — | ₹18 Cr |
| Σ Total | — | 3,868,800 (100%) | — | ₹34,819 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹144,000 |
| Retail (Max) | 13 | 20,800 | ₹1,872,000 |
| S-HNI (Min) | 14 | 22,400 | ₹2,016,000 |
| B-HNI (Min) | 67 | 107,200 | ₹9,648,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30-Sep-22 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 2,301 | 3,392 | 2,388 |
| Profit After Tax | 572 | 677 | 568 |
| Net Worth | 2,297 | 1,722 | 1,046 |
| Total Assets | 2,732 | 2,289 | 1,538 |
| Reserves & Surplus | 2,027 | 1,452 | 776 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Strategic Investment and Acquisitions – 8.00
- Investment in Subsidiaries – 10.00
- To Meet Working Capital Requirements – 10.00
- General Corporate Purposes – 3.43
Company Overview
Incorporated in 2004, Systango Technologies Limited 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.
These platforms designed by Systango include Web2, Web3, and mobile applications with a strong emphasis on data and analytics.
The range of software solutions provided by the company is wide and includes- 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.
Systango Technologies offers its services across various sectors like Hospitality, Property Tech, Financial Services (FinTech), Fantasy Sports, and many others.
The company has evolved as a professional and technical service provider over the years of its operations. Their end-to-end technology solutions and support help entities and organization effectively implement innovations in their system and keep up with the new-age world.