Systango Technologies IPO vs Vertexplus Technologies IPO

Comparision between Systango Technologies IPO and Vertexplus Technologies IPO.

IPO Details

Systango Technologies IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Vertexplus Technologies IPO is a SME Book Built Issue proposed to list at NSE SME.

	Systango Technologies IPO	Vertexplus Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Hem Finlease Private Limited	Prabhat Financial Services Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Systango Technologies IPO is up to ₹34.82 Cr whereas the issue size of the Vertexplus Technologies IPO is up to ₹14.20 Cr. The final issue price of Systango Technologies IPO is ₹90.00 per share and of Vertexplus Technologies IPO is ₹96.00 per share.

	Systango Technologies IPO	Vertexplus Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹85.00 per share	₹91.00 per share
Issue Price (Upper)	₹90.00 per share	₹96.00 per share
Issue Price (Final)	₹90.00 per share	₹96.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	38,68,800 shares	14,79,600 shares
Fresh Issue Size (Amount)	up to ₹34.82 Cr	up to ₹14.20 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	38,68,800 shares	14,79,600 shares
Issue Size Total (Amount)	up to ₹34.82 Cr	up to ₹14.20 Cr

IPO Timetable

Systango Technologies IPO opens on Mar 02, 2023, while Vertexplus Technologies IPO opens on Mar 02, 2023. The closing date of Systango Technologies IPO and Vertexplus Technologies IPO is Mar 06, 2023, and Mar 06, 2023, respectively.

	Systango Technologies IPO	Vertexplus Technologies IPO
Anchor Bid Date		Mar 01, 2023
Issue Open	Mar 02, 2023	Mar 02, 2023
Issue Close	Mar 06, 2023	Mar 06, 2023
Basis Of Allotment (Tentative)	Mar 10, 2023	Mar 10, 2023
Initiation of Refunds (Tentative)	Mar 13, 2023	Mar 13, 2023
Credit of Share (Tentative)	Mar 14, 2023	Mar 14, 2023
Listing date (Tentative)	Mar 15, 2023	Mar 15, 2023
Anchor Lockin End date 1	Apr 09, 2023	Apr 09, 2023
Anchor Lockin End date 2	Jun 08, 2023	Jun 08, 2023

Financials

Systango Technologies IPO P/E ratio is 15.13, as compared to Vertexplus Technologies IPO P/E ratio of 28.83.

Systango Technologies IPO

Vertexplus Technologies IPO

Financial

Systango Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	744.32	1,455.31	251.88	476.81	421.81
31-Mar-21	1,537.57	2,388.09	568.26	1,045.50	775.50
31-Mar-22	2,288.97	3,392.10	676.99	1,722.49	1,452.49
30-Sep-22	2,732.41	2,301.30	572.30	2,296.98	2,026.98
Amount in ₹ Lakhs

Vertexplus Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	989.70	1,963.92	61.23	380.37	379.37	209.55
31-Mar-21	1,103.71	2,025.61	104.98	487.15	486.15	227.40
31-Mar-22	1,308.76	2,132.04	186.05	673.11	273.11	279.15
30-Sep-22	1,599.17	1,091.71	91.26	807.62	407.62	360.61
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.73%

100.00%

Promoter Shareholding (Post-Issue)

71.96%

P/E Ratio

15.13

28.83

Market Cap

₹132.02 Cr.

₹52.60 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Systango Technologies IPO retail investors (RII) are offered 12,86,400 shares while in Vertexplus Technologies IPO retail investors are offered 12,86,400 shares. Qualified institutional buyers (QIB) are offered 18,33,600 shares in Systango Technologies IPO and 2,86,800 shares in Vertexplus Technologies IPO.

	Systango Technologies IPO	Vertexplus Technologies IPO
Anchor Investor Reserveration		4,15,200 shares
Market Maker Reserveration	1,96,800 shares	74,400 shares
QIB	18,33,600 shares	2,86,800 shares
NII	5,52,000 shares	2,11,200 shares
RII	12,86,400 shares	4,92,000 shares
Employee
Others
Total	36,72,000 shares	14,05,200 shares

Bids Received (Subscription)

Systango Technologies IPO subscribed 64.99x in total, whereas Vertexplus Technologies IPO subscribed 11.01x.

	Systango Technologies IPO	Vertexplus Technologies IPO
QIB (times)	14.10x	1.43x
NII (times)	230.36x	35.15x
Big NII (times)
Small NII (times)
RII (times)	66.59x	15.53x
Employee (times)
Other (times)
Total (times)	64.99x	11.01x

Compare with others

Systango Technologies IPO	Vertexplus Technologies IPO
Prospect Commodities IPO	VELS Film International IPO
Quality Foils (India) IPO	Bright Outdoor Media IPO
Sudarshan Pharma Industries IPO	Prospect Commodities IPO
Vertexplus Technologies IPO	Quality Foils (India) IPO
MCON Rasayan IPO	Sudarshan Pharma Industries IPO
Amanaya Ventures IPO	MCON Rasayan IPO
ResGen IPO	Systango Technologies IPO
Srivasavi Adhesive Tapes IPO	Amanaya Ventures IPO
SVJ Enterprises IPO	ResGen IPO
Sealmatic India IPO	Srivasavi Adhesive Tapes IPO

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