Admin
03 March 2023

Systango Technologies Ltd. IPO Date, Allotment, and All Details

Systango Technologies Limited

Systango Technologies Limited is providing software results. The company is designing its own digital platform. They customized their own Software. The company is innovated in 2004. The Main Head office of Systango is in India (Indore). Systango Company designs and customized its own software like Mobile operations, WEB2, and WEB3.

The range of software results handed by the company is wide and includes- Website development, Mobile app development( both for iOS and Android operations), Web3 development, DeFi( Decentralized finance), Data Engineering, perpetration of blockchain, pall computing, and Digital Marketing.

Over time the company has evolved as a professional and specialized service provider by offering end-to-end technology results and support. Its guests range from entrepreneurs and start-up enterprises to established companies, engaged in the business of Fantasy Sports, transportation and logistics, Financial Services( FinTech), and colorful other diligence.

Systango Technologies offers its services across various sectors like Hospitality, Property Tech, Financial Services( FinTech), Fantasy Sports, and multitudinous others. The company has evolved as a professional and technical service provider over the times of its operations. Their end-to-end technology solutions and support help realities and associations effectively apply innovations in their system and keep up with the new-era world.

Financial Performance

Parameter	March 31, 2020 (in Rs. Lakhs)	March 31, 2021 (in Rs. Lakhs)	March 31, 2022 (in Rs. Lakhs)
Total Assets	744.32	1,537.57	2,288.97
Total Revenue	1,455.31	2,388.09	3,392.10
Profit After Tax	251.88	568.26	676.99

Objective of Systango Technologies Ltd. IPO

The primary objective of Systango Technologies Ltd. IPO is to raise funds for the following purposes:

1. Strategic Investment and Acquisitions.
2. Investment in Subsidiaries.
3. To Meet Working Capital Requirements.
4. General Corporate Purposes.
5. Issue Expenses.

Systango Technologies Ltd. IPO Details

IPO Date	Mar 02, 2023 to Mar 06, 2023
Allotment	Mar 10, 2023
Listing Date	Mar 15, 2023
Face Value	₹10 Per Equity Share
Issue Price	₹85 to ₹90 Per Equity Shares
Issue Size	3,868,800 shares (INR ₹34.82 Crore)
Market Lot (min. Amt.)	1600 Shares (Rs. 1,44,000/-)
Listing on	NSE SME
Lead Manager	Hem Securities Limited
Registrar	Bigshare Services Pvt. Ltd.

Company Promoters of Systango Technologies

The Promoters of Systango Technologies Ltd. are:

1. Vinita Rani
2. Nilesh Rathi

As per the Draft Red Herring Prospectus (DRHP) filed by the company with SEBI, the promoter group collectively holds 97.73% of the pre-issue paid-up equity share capital of the company. After the IPO, their shareholding in the company will reduce to N/A of the post-issue paid-up equity share capital.

Read More IPO related blogs - Divgi TorqTransfer Systems Limited IPO