SYSTANGO TECHNOLOGIES LIMITED

Company Name	SYSTANGO TECHNOLOGIES LIMITED
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.

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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
Email	cs@systango.com
Website	http://www.systango.com/

Offer Documents

SYSTANGO TECHNOLOGIES LIMITED RHP

Registrar Details

Name	Bigshare Services Pvt Ltd
Phone	+91-22-6263 8200
Email	ipo@bigshareonline.com
Website	https://ipo.bigshareonline.com/ipo_status.html

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%