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Systango Technologies Ltd

Registered Office : 3rd Floor (LHS) STP-I,Crystal IT Park Ring Road,Indore Madhya Pradesh 452010 Phone : 91-0731-2971030
Fax :

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

Opens On

Closes On

02-Mar-2023

06-Mar-2023

Money Payable On

Application

Allotment

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 (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

31.43

34.82

14.67

90.00

Hem Securities Ltd

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

Bigshare Services Pvt Ltd