Systango Technologies IPO GMP, Review, Price, Allotment


Last updated on March 15, 2023

Systango Technologies IPO GMP 2023

Systango Technologies IPO description – 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 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.

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.

Systango Technologies 2023

Promoters of Systango Technologies – Vinita Rathi and Nilesh Rathi

Systango Technologies IPO Details

Systango Technologies IPO Dates2 – 6 March 2023
Systango Technologies IPO PriceINR 90 per share
Fresh issue38,68,800 shares (INR 34.82 crore)
Offer For SaleNil
Total IPO size38,68,800 shares (INR 34.82 crore)
Minimum bid (lot size)1,600 shares (INR 1,44,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE Emerge

Systango Technologies Financial Performance

 FY 2020FY 2021FY 2022H1 FY 2023
Net income251.9567.9675.8572.3
Figures in INR Lakhs unless specified otherwise

Systango Technologies Offer News

Systango Technologies Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio14.35
RONW (%)52.8354.3539.30
ROCE (%)61.3864.8846.90
EBITDA (%)21.2927.2722.74
*Compiled by IPO Central from Prospectus

Systango Technologies IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
14 Mar 20232024,000
13 Mar 20231520,000
11 Mar 20231822,000
10 Mar 20231822,000
9 Mar 20231520,000
8 Mar 20231620,000
6 Mar 20231822,000
4 Mar 20232227,000
3 Mar 20233035,000
2 Mar 20233040,000
1 Mar 20232740,000
28 Feb 20232540,000
27 Feb 20231035,000

Systango Technologies IPO Subscription – Live Updates

Shares Offered1,934,400580,3201,354,0803,868,800
6 Mar 202313.36219.1263.2661.69
3 Mar 20230.393.5611.504.75
2 Mar 20230.000.913.081.21

Systango Technologies Offer Lead Manager

904, A Wing, Naman Midtown,
Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai-400013, Maharashtra, India
Phone : +91- 022- 49060000
Email: [email protected]

Systango Technologies Offer Registrar

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: [email protected]

Systango Technologies Contact Details

Third Floor (LHS), STP-I Crystal IT Park,
Ring Road, Indore 452010, Madhya Pradesh, India
Phone: +91 0731 2971030
E-mail: [email protected]

Systango Technologies IPO Allotment Status

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

Systango Technologies IPO Dates & Listing Performance

IPO Opening Date2 March 2023
IPO Closing Date6 March 2023
Finalisation of Basis of Allotment10 March 2023
Initiation of refunds13 March 2023
Transfer of shares to demat accounts14 March 2023
Systango Technologies IPO Listing Date15 March 2023
Opening Price on NSE SMEINR 98 per share (up 8.89%)
Closing Price on NSE SMEINR 102.90 per share (up 14.33%)

Systango Technologies IPO FAQs

What is Systango Technologies offer size?

Systango Technologies offer size is INR 34.82 crore.

What is Systango Technologies IPO Price Band?

Systango Technologies public offer price is INR 90 per share.

What is the lot size of Systango Technologies IPO?

Systango Technologies offer lot size is 1,600 shares.

What is Systango Technologies IPO GMP today?

Systango Technologies IPO GMP today is INR 20 per share.

What is Systango Technologies kostak rate today?

Systango Technologies kostak rate today is NA per application.

What is Systango Technologies Subject to Sauda rate today?

Systango Technologies Subject to Sauda rate today is INR 24,000 per application.


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