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Date:26-Apr-2024 Time: 5:02 PM |
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| Prospectus Synopsis |
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Systango Technologies Ltd
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| Registered Office:
3rd Floor (LHS) STP-I
,
Crystal IT Park Ring Road
,
Indore
-
452010
,
Madhya Pradesh
, India.
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Phone:91-0731-2971030 Fax:
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Email:
cs@systango.com
Website:
www.systango.com
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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.
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| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 02-Mar-23 |
06-Mar-23 |
Rs
90.00-0.00
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Rs
0.00-0.00
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| Minimum Application for shares in Nos :
1600
Further Multiples of :
1600
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Rs Cr |
Lead Managers to the Issue |
| Project Cost |
31.43 |
Hem Securities Ltd |
| Project Financed through Current Offer |
34.82 |
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| Post Issue Equity Share Capital |
14.67 |
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| Issue Price |
Rs.
90.00
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| Projects |
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Strategic Investment & Acquisitions
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Investment in Subsidiaries
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To meet Working Capital Requirements
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General Corporate Purposes
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