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.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 744.32 | 1,455.31 | 251.88 | 476.81 | 421.81 |
| 31-Mar-21 | 1,537.57 | 2,388.09 | 568.26 | 1,045.50 | 775.50 |
| 31-Mar-22 | 2,288.97 | 3,392.10 | 676.99 | 1,722.49 | 1,452.49 |
| 30-Sep-22 | 2,732.41 | 2,301.30 | 572.30 | 2,296.98 | 2,026.98 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company intends to utilize the proceeds of the Issue to meet the following objectives:-
- Strategic Investment and Acquisitions;
- Investment in Subsidiaries;
- To Meet Working Capital Requirements;
- General Corporate Purposes;
- Issue Expenses.
Systango Technologies IPO Details
| IPO Date | Mar 2, 2023 to Mar 6, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Issue Size | 3,868,800 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Fresh Issue | 3,868,800 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Market Maker portion | 196,800 shares |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| Company Promoters | Vinita Rathi and Nilesh Rathi are the promoters of the company. |
Systango Technologies IPO Tentative Timetable
Systango Technologies IPO opens on Mar 2, 2023, and closes on Mar 6, 2023. The Systango Technologies IPO bid date is from Mar 2, 2023 10.00 A.M. to Mar 6, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Mar 2, 2023 |
| Closing Date | Mar 6, 2023 |
| Basis of Allotment | Mar 10, 2023 |
| Initiation of Refunds | Mar 13, 2023 |
| Credit of Shares to Demat | Mar 14, 2023 |
| Listing Date | Mar 15, 2023 |
Systango Technologies IPO Promoter Holding
| Pre Issue Share Holding | 97.73% |
| Post Issue Share Holding |
Systango Technologies IPO Prospectus
Company Contact Information
Systango Technologies Limited
Third Floor (LHS),
STP-I Crystal IT Park, Ring Road,
Indore – 452010
Phone: +91 0731 2971030
Email: cs@systango.com
Website: http://www.systango.com/
Systango Technologies IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com