Systango Technologies IPO subscription status started on Thursday March 2, 2023 and will close on March 3, 2023. Systango Technologies IPO to raise around ₹34.82 crores via IPO. The retail quota is 35%, QIB is 50%, and NII is 15%. The price band is fixed at ₹85 to ₹90 per equity share.
The Systango Technologies IPO minimum market lot is 1600 shares with ₹144,000 application amount. The IPO to list on NSE.
Systango Technologies Limited is a software development company. They provide services to almost all the technology verticals from customized digital platforms. The platforms include Web2, Web3, and Mobile Applications based on a strong emphasis on data, and analytics. They are a digital transformation partner with leading digital, cloud-native, and security capabilities to help you build a better version of your business.
IPOWatch View
We recommend investors may apply an IPO with Longterm Views. Investors should also look at the NII, and Retail numbers before investing.
Systango Technologies IPO Subscription Status – Final Data
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | 0.41 | 14.10 |
| NII | 0.96 | 3.75 | 230.36 |
| RII | 3.24 | 12.10 | 66.59 |
| Total | 1.28 | 5.01 | 64.99 |
Systango Technologies IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Systango Technologies IPO Review
- May Apply
Systango Technologies IPO Date & Price Band
| IPO Open: | March 2, 2023 |
| IPO Close: | March 6, 2023 |
| IPO Size: | Approx ₹34.82 Crores, 38,68,800 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹85 to ₹90 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Systango Technologies IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹144,000 |
| Retail Maximum | 1 | 1600 | ₹144,000 |
| S-HNI Minimum | 2 | 3200 | ₹288,000 |
Systango Technologies IPO Subscription Dates
| IPO Open Date: | March 2, 2023 |
| IPO Close Date: | March 6, 2023 |
| Basis of Allotment: | March 10, 2023 |
| Refunds: | March 13, 2023 |
| Credit to Demat Account: | March 14, 2023 |
| IPO Listing Date: | March 15, 2023 |
Systango Technologies IPO Form
How to apply for the Systango Technologies IPO? You can apply for Systango Technologies IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Systango Technologies IPO in the Invest section. The other option is you can apply for Systango Technologies IPO via IPO forms downloaded via NSE. Check out the Systango Technologies forms – Click NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
