March 2, 2023 - March 6, 2023

Systango Technologies IPO Subscription Details

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 March 6, 2023 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	14.10	1,833,600	2,58,44,800	232.60
Non-Institutional Buyers	230.36	552,000	12,71,58,400	1,144.43
Retail Investors	66.59	1,286,400	8,56,56,000	770.90
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total	64.99	3,672,000	23,86,59,200	2,147.93

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 196,800 equity shares not included.

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

Date	QIB	NII	Retail	Total
Day 1 March 2, 2023	0.00	0.96	3.24	1.28
Day 2 March 3, 2023	0.41	3.75	12.10	5.01
Day 3 March 6, 2023	14.10	230.36	66.59	64.99

Systango Technologies IPO Shares Offered

Systango Technologies IPO is a public issue of 3,868,800 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.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Market Maker	196,800	1.77	5.09%
QIB	1,833,600	16.50	47.39%
NII	552,000	4.97	14.27%
Retail	1,286,400	11.58	33.25%
Total	3,868,800	34.82	100%

Systango Technologies IPO Anchor Investor Allocation

A total of 1,099,200 shares at a price of Rs 90 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
2	India-Ahead Venture Fund	390,400	90	35.52	35,136,000
3	Bengal Finance & Investment Pvt. Ltd.	251,200	90	22.85	22,608,000
4	Saint Capital Fund	251,200	90	22.85	22,608,000
1	Maven India Fund	206,400	90	18.78	18,576,000
		1,099,200		100	98,928,000

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 March 6, 2023.