Systango Technologies Limited IPO
i. Systango Technologies is engaged in the business of providing software solutions that enables companies to design, implement and manage their own customized digital platforms including Web2, Web3 and mobile applications with strong emphasis on data and analytics. They provide range of software solution services including like: website development, mobile app development (both for iOS and Android applications), web3 development, DeFi (Decentralized finance), data engineering, implementation of blockchain, cloud computing, digital marketing etc for companies across sectors such as Financial Services (FinTech), Hospitality, Fantasy Sports, Property Tech etc. Through their software solutions they combine the functionality, flexibility and customer software development for their customers with the Cost effective, speed of implementation and other operational benefits of outsourcing.
ii. Over the years the company has evolved as professional and technical service provider by offering end-to-end technology solutions and support. Their clients range from entrepreneurs and start-up enterprises to established companies, engaged in business of Fantasy Sports, transportation and logistics, Financial Services (FinTech) and various other industries including clients like Sila Inc, Urbansoft Sa(Pty)Ltd, Youtility Ltd, Ulster University, Ireland and others.
iii. The Company’s revenue is primarily generated from exports sales and they are providing their services along with its subsidiaries to various clients spread across 10 countries. The company is headquartered in Special Economic Zone (SEZs) of Indore that allows it to avail tax benefits as per SEZ norms. Their operations are further facilitated through its wholly owned subsidiary
Companies i.e. Isystango Ltd. in UK and Systango LLC in USA.
i. Qualified and Experienced Promoters and Employee base:
ii. Diversified revenue from multiple geographies
iii. Diversified Client base.
iv. End-to-end solutions and support
Objects of the Systango Technologies Limited IPO:
Systango Technologies Limited IPO Details:
|Open Date:||Mar 02 2023|
|Close Date:||Mar 06 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||34.82 Cr.|
|Lot Size:||1600 Shares|
|Issue Price:||₹ 85-90 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Mar 15 2023|
Promoters And Management:
Financials of Systango Technologies Limited IPO:
|Particulars ( In Crore )||6MFY23||2022||2021||2020|
|Revenue from Operations||22||32||22||14|
|Employee Benefits Expense||13||20||13||9|
|Depreciation & Amortisation||0.2||0.6||0.3||0.3|
Comparison With Peers:
|Name of the Company||Revenue (Cr)||Profit (Cr)||P/E||EPS||CMP||Mcap (Cr)|
|Systango Technologies Limited||44||11||11.53||7.80||90||132|
|InfoBeans Technologies Ltd||385||47||26.4||22.82||514||1,248|
|Innovana Thinklabs Limited||52||12||34.40||20.46||684.00||701|
|Ksolves India Ltd||68||22||22.6||12.88||420.00||497|