About Company
Incorporated in 2004, Systango Technologies Limited is engaged in providing software solutions. Its offerings enable companies to design, implement and manage their customized digital platforms.
They are a software company that enables businesses to design, implement and manage their customized digital platforms, including W2, W3, and mobile applications. The company offers diversified products and solutions, including:
- Website development
- Mobile app development
- Web3 development
- Blockchain implementation
- Data Engineering
- Cloud computing
- Digital Marketing
They offer services across sectors like hospitality, property tech, fintech, fantasy games, etc.
| Minimum Investment ₹144,000 / 1 Lots ( 1660 Shares ) | Maximum Investment ₹144,000 / 1 Lots ( 1600 Shares ) |
| Price Range ₹85 – ₹90 | Issue Size ₹34.82 |
| Investor category and sub category Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors | Retail Discount To be announced |
IPO Dates
Important dates with respect to IPO allotment and listing
| IPO Open Date Mar 2, 2023 | IPO Close Date Mar 6, 2023 |
| Basis of Allotment Mar 10, 2023 | Initiation of Refunds Mar 13, 2023 |
| Credit of Shares to Demat Account Mar 14, 2023 | Listing Date Mar 15, 2023 |
Systango Technologies IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 14.10 |
| Non-Institutional Buyers | 230.36 |
| Retail Investors | 66.59 |
| Employees | [.] |
| Others | [.] |
| Total | 64.99 |
Systango Technologies IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Mar 2, 2023 | 0.00 | 0.96 | 3.24 | 1.28 |
| Day 2 Mar 3, 2023 | 0.41 | 3.75 | 12.10 | 5.01 |
| Day 3 Mar 6, 2023 | 14.10 | 230.36 | 66.59 | 64.99 |
Systango Technologies Ltd. IPO Objective
The company proposes to utilize the fund in the areas below:
- Strategic investment and acquisition
- Investment in subsidiaries
- Working capital requirements and general corporate purposes
- Meet issue expenses
Why should you invest in Systango Technologies Ltd IPO?
Here are some highlights for you to consider investing in the IPO:
- They received several accolades, including ISO 9001:2015 for Quality Management System and ISO 27001:2018 for Information Security Management System certifications.
- They have a strong track record of being profitable.
- In the last 15 years, the company has catered to global audiences in the USA, UK, Canada, Australia, Hongkong, Switzerland, Qatar, etc.
Company Financials
| Financial year | 6 months period ended September in 2022 | Year ending on As on 31st March, 2021 | Year ending on 31st March, 2020 |
|---|---|---|---|
| Revenue from operation | 2239.39 | 32.68.80 | 2298.96 |
| Profit After Tax | 572.30 | 676.99 | 568.26 |
| EBITDA | 641.67 | 626.97 | |
| EBITDA Margin | 28.65% | 22.74% | 27.27% |
| Current Asset | 2,476.98 | 2,050.23 | 1,355.06 |
| Current Liabilities | 353.95 | 465.30 | 406.74 |
Know before investing
Strengths
- They have a diversified client base from different countries and sectors.
- The company is financially stable with a track record of earning profits.
- They have teams of skilled professionals from diverse technological backgrounds.
Risks
- They primarily depend on a few customers for most of their revenue, and losing a customer will impact their earnings.
- The software industry is rapidly changing, which requires companies to stay updated with the new advancements.
- They rely on their abilities to meet the customization requirements of their clients.
Click Here To Apply Systango Technologies IPO
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