ResGen IPO vs Systango Technologies IPO

Comparision between ResGen IPO and Systango Technologies IPO.

IPO Details

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

	ResGen IPO	Systango Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Gretex Share Broking Private Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of ResGen IPO is up to ₹28.20 Cr whereas the issue size of the Systango Technologies IPO is up to ₹34.82 Cr. The final issue price of ResGen IPO is ₹47.00 per share and of Systango Technologies IPO is ₹90.00 per share.

	ResGen IPO	Systango Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹45.00 per share	₹85.00 per share
Issue Price (Upper)	₹47.00 per share	₹90.00 per share
Issue Price (Final)	₹47.00 per share	₹90.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size	60,00,000 shares	38,68,800 shares
Fresh Issue Size (Amount)	up to ₹28.20 Cr	up to ₹34.82 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	60,00,000 shares	38,68,800 shares
Issue Size Total (Amount)	up to ₹28.20 Cr	up to ₹34.82 Cr

IPO Timetable

ResGen IPO opens on Feb 28, 2023, while Systango Technologies IPO opens on Mar 02, 2023. The closing date of ResGen IPO and Systango Technologies IPO is Mar 02, 2023, and Mar 06, 2023, respectively.

	ResGen IPO	Systango Technologies IPO
Anchor Bid Date	Feb 27, 2023
Issue Open	Feb 28, 2023	Mar 02, 2023
Issue Close	Mar 02, 2023	Mar 06, 2023
Basis Of Allotment (Tentative)	Mar 08, 2023	Mar 10, 2023
Initiation of Refunds (Tentative)	Mar 09, 2023	Mar 13, 2023
Credit of Share (Tentative)	Mar 10, 2023	Mar 14, 2023
Listing date (Tentative)	Mar 13, 2023	Mar 15, 2023
Anchor Lockin End date 1	Apr 07, 2023	Apr 09, 2023
Anchor Lockin End date 2	Jun 06, 2023	Jun 08, 2023

Financials

ResGen IPO P/E ratio is 27.33, as compared to Systango Technologies IPO P/E ratio of 15.13.

ResGen IPO

Systango Technologies IPO

Financial

ResGen Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	161.78		-15.15	136.13	-18.37	24.05
31-Mar-21	1,110.01	2.00	0.63	136.76	-17.74	961.33
31-Mar-22	1,371.31	480.81	73.50	367.46	147.46	932.92
05-Dec-22	3,917.97	1,265.34	246.44	1,510.30	1,091.10	1,486.06
Amount in ₹ Lakhs

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

Promoter Shareholding (Pre-Issue)

94.15%

97.73%

Promoter Shareholding (Post-Issue)

67.22%

71.96%

P/E Ratio

27.33

15.13

Market Cap

₹98.58 Cr.

₹132.02 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the ResGen IPO retail investors (RII) are offered 19,98,000 shares while in Systango Technologies IPO retail investors are offered 19,98,000 shares. Qualified institutional buyers (QIB) are offered 28,20,000 shares in ResGen IPO and 18,33,600 shares in Systango Technologies IPO.

	ResGen IPO	Systango Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,00,000 shares	1,96,800 shares
QIB	28,20,000 shares	18,33,600 shares
NII	8,82,000 shares	5,52,000 shares
RII	19,98,000 shares	12,86,400 shares
Employee
Others
Total	57,00,000 shares	36,72,000 shares

Bids Received (Subscription)

ResGen IPO subscribed 2.50x in total, whereas Systango Technologies IPO subscribed 64.99x.

	ResGen IPO	Systango Technologies IPO
QIB (times)	1.09x	14.10x
NII (times)	3.87x	230.36x
Big NII (times)
Small NII (times)
RII (times)	3.88x	66.59x
Employee (times)
Other (times)
Total (times)	2.50x	64.99x

Compare with others

ResGen IPO	Systango Technologies IPO
Sudarshan Pharma Industries IPO	Prospect Commodities IPO
Vertexplus Technologies IPO	Quality Foils (India) IPO
MCON Rasayan IPO	Sudarshan Pharma Industries IPO
Systango Technologies IPO	Vertexplus Technologies IPO
Amanaya Ventures IPO	MCON Rasayan IPO
Srivasavi Adhesive Tapes IPO	Amanaya Ventures IPO
SVJ Enterprises IPO	ResGen IPO
Sealmatic India IPO	Srivasavi Adhesive Tapes IPO
Macfos IPO	SVJ Enterprises IPO
ITCONS E-Solutions IPO	Sealmatic India IPO

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