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Systango Technologies IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Indore and caters to Information Technology - Data Solutions sector. Hem Securities is the merchant banker of Systango Technologies IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 24th January 2023.
Systango Technologies IPO open date is 2nd March 2023 and close date is 6th March 2023. IPO Allotment Date is 10th March 2023 and Listing date is 15th March 2023.Systango Technologies IPO size is Rs 34.82 Cr. crores with IPO price of Rs 90.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the Systango Technologies IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Hem Finlease Private Limited for Systango Technologies IPO.
Systango Technologies IPO anchor investors are the below investors. The number of anchor investors in this IPO is 4.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Saint Capital Fund | 251,200.00 | ₹90.00 | ₹22,608,000.00 |
| India - Ahead | 390,400.00 | ₹90.00 | ₹35,136,000.00 |
| Maven India Fund | 206,400.00 | ₹90.00 | ₹18,576,000.00 |
| Bengal Finance and | 251,200.00 | ₹90.00 | ₹22,608,000.00 |
Systango Technologies IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Systango Technologies IPO, based in Indore, operates in the Information Technology - Data Solutions sector with a focus on design implement customize dig platforms. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Systango Technologies IPO size is ₹ 34.82 Cr. Crores with fresh issue size of Rs 34.82 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Systango Technologies IPO is expected to be 10th March 2023, after the finalization of basis of allotment. Investors can check Systango Technologies IPO allotment status on the registrars website, Bigshare Services Private Limited. Systango Technologies IPO refund dates are 13th March 2023.
Systango Technologies IPO is expected to be listed on 15th March 2023.
The upper price band for the Systango Technologies IPO is set at ₹ 90.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Systango Technologies IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Systango Technologies IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 6th March 2023. After submission, funds are blocked until the basis of allotment of Systango Technologies IPO is finalised.
The merchant banker for Systango Technologies IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Systango Technologies IPO RHP for further details.
The registrar for Systango Technologies IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Systango Technologies IPO through their official website or helpline.
Systango Technologies IPO was subscribed 64.99 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 34.82 Cr.
Avg IPO Size (Sector Based)
:
₹ 23.76 Cr.
Sector: Information Technology - Data Solutions
SME IPO so far:
48
Merchant Banker:
Hem Securities
SME IPO by BRLM so far:
47
City:
Indore
SME IPO so far:
18
Revenue (annualised):
₹ 44.78 cr.
PE
Ratio:
15.13x
Average Sector PE Ratio: 18.61x
Systango Technologies IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Systango Technologies Financial Review Page
Merchant Banker(s) of Systango Technologies IPO: Hem Securities Limited
Systango Technologies IPO subscription was 64.99 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Systango Technologies IPO listed at a listing price of 98.00 against the offer price of 90.00.
The current market price of Systango Technologies is 216.45.
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