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IPO

IPO Details


Systango Technologies Ltd
Registered Office: 3rd Floor (LHS) STP-I, Crystal IT Park Ring Road, Indore - 452010, Madhya Pradesh
Phone: 91-0731-2971030
Email: cs@systango.com
Website: www.systango.com
Initial public offer of 38,68,800* equity shares of face value of Rs. 10/- each (the "Equity Shares") of Systango Technologies Limited ("The Company" or "The Issuer" or "STL") at an issue price of Rs. 90 per equity share for cash, aggregating up to Rs. 34.82 crores ("Public Issue") out of which 1,96,800 equity shares of face value of Rs. 10 each, at an issue price of Rs. 90 per equity share for cash, aggregating Rs. 1.77 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 36,72,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 90 per equity share for cash, aggregating Rs. 33.05 crores is here in after referred to as the "Net Issue". The public issue and net issue will constitute 26.37% and 25.03% respectively of the post-issue paid-up equity share capital of the company. *Subject to finalization of basis of allotment. The face value of the equity shares is Rs. 10/- each. The issue price is 9.0 times with the face value of the equity shares. The anchor investor issue price is Rs. 90 per equity share. Bids can be made for a minimum of 1600 and in multiples of 1600 equity shares thereafter.
Issue Money Payable On
Opens On Closes On Application Allotment
02-Mar-2023 06-Mar-2023 ₹ 90.00 ₹ 0.00
Minimum Application for shares in Nos : 1600.0 Further Multiples of : 1600.0
(₹)Cr. Lead Managers to the Issue
Project Cost 31.43 Hem Securities Ltd
Project Financed through Current Offer 34.82
Post Issue Equity Share Capital 14.67
Issue Price ₹90.00
Projects
Strategic Investment & Acquisitions
Investment in Subsidiaries
To meet Working Capital Requirements
General Corporate Purposes
Promoted By
Vinita Rathi
Nilesh Rathi
Listing At
NSE - SME
Registrar to the Issue

INDIAN INDICES

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GLOBAL INDICES

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NASDAQ
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