31 Mar 2020
Assets7.44
Total Income14.55
Profit After Tax2.52
NET Worth4.77
Reserves and Surplus4.22
Total Borrowing0.00
At a glance
Updated 2026-08-23The shares listed at ₹98.00, a 8.89% move from the issue price. Systango Technologies is a SME IPO with an issue size of ₹34.82 crore, proposed for listing on NSE SME. The offer opens on 2nd Mar 2023 and closes on 6th Mar 2023. The issue structure includes a fresh issue of ₹33.05 crore. The current listing schedule points to 15th Mar 2023.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹34.82 Cr
Fresh issue₹33.05 Cr
Face value₹10
Price band₹85.00–₹90.00
Allotment10th Mar 2023
Listing15th Mar 2023
Listing performance
Full performance ↗Issue price₹90.00
Listing price₹98.00
Current price—
Listing gain8.89%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹20.00
GMP / upper price22.22%
Est. listing₹110.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens2nd Mar 2023
Closes6th Mar 2023
Allotment10th Mar 2023
Refund13th Mar 2023
Demat14th Mar 2023
Listing15th Mar 2023
Subscription demand
Full bidding ↗Total64.99×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1600 | ₹144,000 |
Company
Incorporated2004
Use of proceeds
| Object | Amount |
|---|---|
| Strategic Investment and Acquisitions | ₹8.00 Cr |
| Investment in Subsidiaries | ₹10.00 Cr |
| To Meet Working Capital Requirements | ₹10.00 Cr |
| General Corporate Purposes | ₹3.43 Cr |
Financials
Full financials ↗31 Mar 2021
Assets15.38
Total Income23.88
Profit After Tax5.68
NET Worth10.46
Reserves and Surplus7.76
Total Borrowing0.00
31 Mar 2022
Assets22.89
Total Income33.92
Profit After Tax6.77
NET Worth17.22
Reserves and Surplus14.52
Total Borrowing0.00
30 Sep 2022
Assets27.32
Total Income23.01
Profit After Tax5.72
NET Worth22.97
Reserves and Surplus20.27
Total Borrowing0.00
Trend chart₹ crore
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| Debt / Equity |
| RoNW |
| PAT Margin |
| EBITDA Margin |
Valuation & shareholding
Pre-IPO EPS6.59
Pre-IPO P/E15.13
Promoter holding pre97.73%
Promoter holding post71.96%
Market cap₹132.02 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manger Fees | ₹0.25 Cr |
| Fees Payable to Registrar to the Issue | ₹0.01 Cr |
| Fees Payable for Statutory Advertising and Publishing Expenses | ₹0.04 Cr |
| Fees Payable to Regulators including Stock Exchange | ₹0.08 Cr |
| Payment for Printing & Stationery, Postage, etc. | ₹0.03 Cr |
| Fees Payable to Auditor, Legal Advisors and other Professionals | ₹0.05 Cr |
| Others (Fees payable for Marketing & distribution expenses, Selling Commission, Syndicate Members Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | ₹2.93 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Hem Securities Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-23.