Company Profile
Open Date 02-03-2023
Close Date 06-03-2023
Exchange NSE SME
Lot Size 1600 Shares
Issue Price ₹ 85 to 90 per share
Issue Size 38,68,800 Equity Shares
Application Amount ₹ 1,44,000
Recommendation Apply
Company was formed in Madhya Pradesh in the year 2004. Company is engaged in business of providing software solutions that enables companies to design, implement and manage their own customized digital platforms. They provide range of software solution services including like: website development, mobile app development, web3 development, DeFi (Decentralized finance), data engineering, implementation of blockchain, cloud computing, digital marketing etc for companies across sectors such as Financial Services (FinTech), Hospitality, Fantasy Sports, Property Tech etc. As on September 30, 2022, the Company has employed 281 employees including 257 IT developers.
(Read more on the review)

Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Sep-22
Total Assets 1,570.66 2,364.19 2,644.25
Net Assets 1,073.07 1,785.16 2,223.53
Total Borrowings 21.50 21.50 -
Total Revenue 2,421.18 3,434.23 2,137.92
Profit After Tax 595.83 712.09 436.18

Tentative Timeline

Opening Date 02-03-2023
Closing Date 06-03-2023
Basis of Allotment 10-03-2023
Initiation of Refunds 13-03-2023
Credit of Shares to Demat 14-03-2023
Listing Date 15-03-2023

Objects of the Issue

Strategic Investment and Acquisitions
Investment in Subsidiaries
To Meet Working Capital Requirements
General Corporate Purposes
Issue Expenses

Contact Information

Registered Office Systango Technologies Limited Third Floor (LHS), STP-I Crystal IT Park, Ring Road, Indore - 452010
Phone +91 0731 2971030

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 1,96,800 (5.09%)
QIB Shares Offered 18,33,600 (47.39%)
NII (HNI) Shares Offered 5,52,000 (14.27%)
Retail Shares Offered 12,86,400 (33.25%)
Total Shares Offered 38,68,800 (100%)

Shareholding Pattern

Pre Issue Share Holding (Promoters) 97.73%
Post Issue Share Holding (Promoters) 71.96%

Contact Us to Enable Your Success!