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.
| Purpose | Amount (₹ Cr) |
|---|---|
| Strategic Investment and Acquisitions | ₹8 |
| Investment in Subsidiaries | ₹10 |
| To Meet Working Capital Requirements | ₹10 |
| General Corporate Purposes | ₹3 |
| Metric | 30-Sep-22 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Total Assets | 2,732 | 2,289 | 1,538 |
| Revenue | 2,301 | 3,392 | 2,388 |
| PAT | 572 | 677 | 568 |
| Net Worth | 2,297 | 1,722 | 1,046 |
| Reserves | 2,027 | 1,452 | 776 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 1,833,600 (47%) | — |
| NII / HNI | — | 552,000 (14%) | — |
| Retail (RII) | — | 1,286,400 (33%) | — |
| Market Maker | — | 196,800 (5%) | — |
| Total | — | 3,868,800 (100%) | — |
* Amount calculated at upper price band (₹90) · ** Total includes all investor categories
- 1 Initiation of Refund 13 Mar 2023
- 2 Credit of Shares to Demat 14 Mar 2023
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 15x reflects a good valuation relative to typical market ranges.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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