Systango Technologies IPO Subscription Status Live

Systango Technologies IPO subscribed 64.99 times. The public issue subscribed 66.59 times in the retail category, 14.10 times in QIB, and 230.36 times in the NII category by Mar 6, 2023.

Investor CategorySubscription (times)
Qualified Institutions14.10
Non-Institutional Buyers230.36
Retail Investors66.59

Systango Technologies IPO (Day-wise) Subscription Details (times)

Day 1
Mar 2, 2023
Day 2
Mar 3, 2023
Day 3
Mar 6, 2023

Systango Technologies IPO Shares Offered

Systango Technologies IPO is a public issue of 3,672,000 equity shares. The issue offers 1,286,400 shares to retail investors, 1,833,600 shares to qualified institutional buyers, and 552,000 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)

* Anchor Investor portion is not included.

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    1. sNII (bids below Rs 10L)

      The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    2. bNII (bids above Rs 10L)

      The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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Systango Technologies IPO Subscription FAQs

The Systango Technologies IPO is subscribed 64.99 by Mar 6, 2023.

Systango Technologies IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional14.10
Non Institutional230.36
Retail Individual66.59
Employee Reservations[.]
Total Subscription64.99

Retail category of Systango Technologies IPO subscribed 66.59 times as of date Mar 6, 2023. The public issue closes on Mar 6, 2023 for bidding.

An investor can apply in Systango Technologies IPO online via bank (using ASBA) or the broker (using UPI). The Systango Technologies IPO shares are offered online only.

The Systango Technologies IPO is subscribed 64.99 by Mar 6, 2023.

The Systango Technologies IPO allotment status is expected on or around Mar 10, 2023. Visit Systango Technologies IPO allotment status to check.

The Systango Technologies IPO listing date is Wednesday, March 15, 2023. The equity share of Systango Technologies Limited will list on NSE SME.

Visit Systango Technologies IPO subscription status page for real-time bidding information about Systango Technologies IPO.

Systango Technologies IPO Timetable

IPO Opens OnMar 2, 2023
IPO Closes OnMar 6, 2023
Finalisation of Basis of AllotmentMar 10, 2023
Initiation of RefundsMar 13, 2023
Credit of Shares to Demat AccountMar 14, 2023
IPO Listing DateMar 15, 2023