Systango Technologies IPO subscription for the general public will open from March 2. The subscription window will shut on March 6. The firm has mounted the price band at Rs 85 – Rs 89 at a face worth of Rs 10 for the difficulty of as much as 38,68,800 fairness shares.
The firm has reserved 1,96,800 fairness shares for market makers and 36,72,000 fairness shares for a web problem to the general public. According to the phrases of the supply, certified institutional consumers (QIBs) are entitled to 50 per cent of the web supply, HNIs and NIIs to fifteen per cent and retail buyers to the remaining 35 per cent.
The Systango Technologies IPO allotment standing might be made public on March 10. The shares will checklist on March 15. The IPO comes with a bid lot of 1600.Â
The firm will use funds for acquisitions and funding in subsidiaries and to satisfy working capital necessities.
Systango Technologies IPO is managed by Hem Securities. Bigshare Services is the registrar of the difficulty.
The firm is within the enterprise of offering software program options that enable companies to design, implement and handle their very own customised digital platforms, together with Web2, Web3, and cell purposes.
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