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Open
2 Mar 2023
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Close
6 Mar 2023
3
Allotment
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Listing
Wed, Mar 15, 2023
Price Band
₹85 to ₹90
Issue Size
38,68,800 shares (agg. up to ₹35 Cr)
Lot Size
1,600 Shares
Listing Date
Wed, Mar 15, 2023
Latest GMP
₹20
Est. Gain
22.22%
✦ AI Insight
GMP Trend
15-03-2023₹20Est. ₹110+22.22%
14-03-2023₹26Est. ₹116+28.89%
13-03-2023₹22Est. ₹112+24.44%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 64.90x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 27.32 | 22.89 | 15.38 | 7.44 |
| Total Income | 23.01 | 33.92 | 23.88 | 14.55 |
| Profit After Tax | 5.72 | 6.77 | 5.68 | 2.52 |
| NET Worth | 22.97 | 17.22 | 10.46 | 4.77 |
| Reserves and Surplus | 20.27 | 14.52 | 7.76 | 4.22 |
| Total Borrowing | 0.00 | 0.00 | 0.00 | 0.00 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| All E Technologies Ltd. | SME | ₹48.20 Cr | ₹90 | 15.36 | ₹131.25 | +45.83% | ₹139.95 (-2.20%) |
| Fidel Softech Ltd. | SME | ₹13.50 Cr | ₹37 | 11.15 | ₹62.05 | +67.70% | ₹159.70 (+2.37%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Strategic Investment and Acquisitions | 8.00 |
| 2 | Investment in Subsidiaries | 10.00 |
| 3 | To Meet Working Capital Requirements | 10.00 |
| 4 | General Corporate Purposes | 3.43 |
About Systango Technologies IPO
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.+ Read More
Contact Details
Systango Technologies Ltd. AddressThird Floor (LHS)STP-I Crystal IT ParkRing RoadIndore, Madhya Pradesh, 452010+91 0731 2971030cs@systango.comVisit Website