Systango Tech IPO is to launch on March 2, 2023, and ResGen Limited IPO is to begin on February 27, 2023. Check IPO details here

These two are the upcoming IPOs in February 2023.

IPO LAUNCH

The IPO lasting three days each, will begin for Systango Technologies Limited and ResGen Limited on Thursday, March 2, 2023, and Tuesday, February 27, 2023, respectively. The lead manager for ResGen IPO will be Gretex Corporate Services Private Ltd, and Hem Securities will be the lead manager for the Systango Technologies IPO. 

Also ReadHow are IPO prices decided?

Systango Tech IPO 

Systango Tech IPOs price band will be Rs. 85-90/share, including a fresh issue of the company's equity shares up to 38,68,800. We expect the company's shares to list on BSE SME on March 15, 2023. The company provides software solutions enabling companies to manage, implement, and design digital platforms. The platforms include Web2 and Web3. It also focuses on mobile applications with an interest in data and analytics. Nilesh Rathi and Vinita Rathi are the company's promoters. The company will use the procured funds for subsidiary investment, meeting working capital requirements, and strategic investment and acquisitions. Market sources suggest that the company has grown tremendously in the bottom and top line in the past three years, and its GMP is Rs. 31 as of February 27, 2023. Assuming an Rs. 90 issue price, the SME IPO can open at Rs. 121 and gain around 34% during the listing. 

ResGen IPO

The company's IPO will open on February 28, 2023, and end on March 2, 2023. We expect the shares to list on BSE SME. The price band of ResGen will be Rs. 45-47/share with an Rs. 10 face value. The issue size will be Rs. 28 crores. The company manufactures a furnace oil substitute, called pyrolysis oil, from waste plastics. Kunal Atul Bora and Karan Atul Bora are the company's promoters. 

Also ReadThis is the first IPO to hit in March 2023.

This is all the information we have right now. Stay tuned for additional information on the upcoming IPOs. Always consult your financial expert before investing and complete your due diligence for the best results. 

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