Systango Technologies Limited IPO
Systango Technologies Limited IPO
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Systango Technologies Limited's successfully transitioned to public market status with its listing on NSE on 15-03-2023. The IPO mobilized 38,68,800 Shares in cumulative capital, including 38,68,800 Shares for corporate expansion.
The public offering was conducted within the price parameters of ₹90 to ₹90, with minimum investment lots of 1600 shares. subscription activity between 02-03-2023 and 06-03-2023 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on 10-03-2023, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Systango Technologies IPO About Company
Incorporated in 2004, Systango Technologies Limited provides comprehensive software solutions that help companies design, implement, and manage customized digital platforms, including Web2, Web3, and mobile applications with a strong focus on data and analytics. Its wide range of services covers website and mobile app development, Web3 and DeFi solutions, blockchain implementation, cloud computing, data engineering, and digital marketing. Serving diverse industries such as hospitality, proptech, fintech, and fantasy sports, Systango has established itself as a professional technology partner offering end-to-end digital solutions that empower businesses to innovate and adapt to the evolving digital landscape.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Systango Technologies IPO Strength Factors
NAN
Systango Technologies IPO Risk Factors
NA
Systango Technologies IPO Lead Manager(s)
- Hem Securities Limited
Systango Technologies IPO Promoter(s)
- Vinita Rathi
- Nilesh Rathi
Systango Technologies IPO FAQs
Systango Technologies Limited IPO subscribed 64.99 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 12, 2025 8:45:09 AM (Day 12).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Systango Technologies IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Systango Technologies IPO FAQs
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