What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Systango Technologies Limited IPO allotment date?

The basis of allotment for Systango Technologies Limited IPO is scheduled to be finalized on 10 Mar 2023.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 11 Mar 2023.

Systango Technologies Limited

ListedSME

Information Technology · NSE

Incorporated in 2004, Systango Technologies Limited provides comprehensive software solutions that help companies design, implement, and manage customized digital platforms, including Web2, Web3, and mobile applications with a strong focus on data and analytics. Its wide range of services covers website and mobile app development, Web3 and DeFi solutions, blockchain implementation, cloud computing, data engineering, and digital marketing. Serving diverse industries such as hospitality, proptech, fintech, and fantasy sports, Systango has established itself as a professional technology partner offering end-to-end digital solutions that empower businesses to innovate and adapt to the evolving digital landscape.

Price Band

₹90

Issue Size

₹34.82 Cr

Lot Size

1600 shares

GMP

₹23

+25.6%

Est. Listing

₹113

at current GMP

Subscribed

64.99x

overall

Open

2 Mar 2023

6 Mar 2023

Allotment

10 Mar 2023

Refund

11 Mar 2023

Demat Credit

12 Mar 2023

Listing

15 Mar 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Systango Technologies Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

10 Mar 2023

Basis finalization

Refunds Initiate

11 Mar 2023

Mandate release

Demat Credit

12 Mar 2023

Shares in demat

Listing Debut

15 Mar 2023

Trading begins

How to Check Systango Technologies Limited IPO Allotment Status

Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
Select Systango Technologies Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Systango Technologies Limited Public Issue & Market Profile

Systango Technologies Limited is bringing an initial public offering (IPO) in the Information Technology sector with an aggregate issue size of ₹34.82 Crores. The shares are offered at a price band of ₹90 to ₹90 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2023-03-06, the basis of allotment is scheduled to be finalized on 2023-03-10. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.