Systango Technologies Ltd - IPO

Systango Technologies Ltd IPO Details

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.

Objective of issue

Strategic Investment & Acquisitions. Investment in Subsidiaries. To meet Working Capital Requirements. General Corporate Purposes.

Systango Technologies Ltd Contact Details

Systango Technologies Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@systango.com

Website - www.systango.com