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Category :
IPO
Headline :
Systango Technologie announces launch of initial public offering
Date:
27/02/2023 17:00
Systango Technologies Ltd has announced public offering of 3868800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 80.00 per share. The gross proceeds of the issue are expected to be Rs 3,481.92 lakhs.
The company's initial public offer (IPO) will open on 02 March 2023 and is expected to close on 06 March 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 85.00-90.00 per share.
The IPO includes a fresh Issue of 3868800 Equity Shares of the Company at an price of Rs 90.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.
Systango Technologies Ltd anticipates using the proceeds of the issue for .
Hem Securities Ltd as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.
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