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.

What is the current subscription status of Systango Technologies Limited IPO?

Systango Technologies Limited IPO has received a total subscription of 64.99 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

64.99x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

0.00x

High Net-Worth

Retail (RII)

0.00x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 64.99x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
Qualified Institutional (QIB)	1,934,444	—	0.00x
Non-Institutional (NII / HNI)	580,333	—	0.00x
Retail Individual (RII)	1,354,111	—	0.00x
Total	3,868,888	0	64.99x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 64.99x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	846	54,982	64.99x
HNIs (10L +)	5	325	65.00x
HNIs (2-10L)	26	1,690	65.00x
Total Applications	877	56,997	64.99x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 is Systango Technologies Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Systango Technologies Limited IPO is ₹23 per equity share. Based on the upper price band of ₹90 to ₹90 per equity share, the estimated listing price is ₹113 (+25.6% expected listing gain).

What is the expected profit per lot for Systango Technologies Limited IPO?

With a lot size of 1600 shares and current GMP of ₹23, the expected profit per application lot is approx ₹36,800 (+25.6% gain). Minimum application cost is approx ₹1,44,000.

What is the issue size and price band for Systango Technologies Limited IPO?

The Systango Technologies Limited IPO aggregate issue size is ₹34.82 Crores with an equity price band set at ₹90 to ₹90 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,44,000.

How can I check Systango Technologies Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 64.99x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.

Where and when will Systango Technologies Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2023-03-10. Investors can verify status using PAN card or application number.

When is the listing date for Systango Technologies Limited IPO?

Systango Technologies Limited shares are scheduled to list on NSE on 2023-03-15.