S A Tech Software India Limited IPO
NSE SMEListed On: Aug 2, 2024 at ₹ 112.1
₹ 236000 /4000 Shares
*Min Investment
26 Jul, 2024
Open Date30 Jul, 2024
Close Date31 Jul, 2024
Allotment Date02 Aug, 2024
Listing DateS A Tech Software India Limited IPO Issue Details
- Issue Price ₹56-59 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 39,00,000 shares(aggregating up to ₹23.01 crore)
- Fresh Share 39,00,000 shares(aggregating up to ₹23.01 crore)
- Listing at NSE SME
- List Price 112.1
- Listing Date 2024-08-02
- Lead Manager GYR Capital Advisors Private Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,18,000 |
| Retail(max) | 1 | 2000 | ₹1,18,000 |
| NII (min) | 2 | 4000 | ₹2,36,000 |
S A Tech Software India Limited IPO Reservation
S A Tech Software India Limited IPO offers total 3,900,000 shares. Out of which 724,000 (18.56%) allocated to QIB, 544,000 (13.95%) allocated to NII,1,266,000 (32.46%) allocated to RII, NA (NA%) allocated to employees and 1,082,000 (27.74%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,082,000 (27.74%) | |
| Market Maker Shares Offered | 284,000 (7.28%) | |
| QIB Shares Offered | 724,000 (18.56%) | |
| NII (HNI) Shares Offered | 544,000 (13.95%) | |
| Retail Shares Offered | 1,266,000 (32.46%) | |
| Total Shares Offered | 3,900,000 (100%) |
S A Tech Software India Limited IPO Details
S A Tech Software India Limited IPO is an SME IPO, priced at ₹56-59 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 39,00,000 equity shares, aggregating up to ₹23.01 crores..
The IPO bidding window is open from Jul 26, 2024 to Jul 30, 2024. The allotment is expected to be finalized on Jul 31, 2024, and the tentative listing date is Aug 2, 2024.
The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,18,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,36,000.
GYR Capital Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Giriraj Stock Broking Private Limited will act as the market maker for this issue.
S A Tech Software India Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 724,000 / 544,000 | 1,266,000 | 2,534,000 |
Day 1 26-07-24 06:00 PM | 4.28 / 15.23 x | 21.78 x | 15.37 x |
Day 2 29-07-24 06:00 PM | 9.00 / 87.51 x | 161.25 x | 101.92 x |
Day 3 30-07-24 06:00 PM | 201.29 / 893.66 x | 621.77 x | 621.37 x |
S A Tech Software India Limited Valuations
S A Tech Software India Limited Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 3,706.06 | 3,461.23 | 3,225.87 |
| Revenue | 7,238.12 | 5,673.05 | 4,154.37 |
| Profit After Tax | 368.86 | 107.19 | -549.50 |
| Net Worth | 1,166.35 | 772.48 | 663.89 |
| Reserves & Surplus | 250.62 | 729.50 | 620.91 |
| Total Borrowing | 1,288.12 | 1,459.18 | 1,959.34 |
About S A Tech Software India Limited Company
S A Tech Software India Limited was established in 2012 and is an IT consulting subsidiary of the foreign corporation SA Technologies Inc, USA.
The company offers application development, mobile app development, cloud infrastructure, software quality assurance, generative AI, machine learning, IoT solutions, data science and analytics.
vThe product and services portfolio of S A Tech Software India comprises of:
IT Services: It delivers technology services and digital transformation to clients of Fortune 500 companies, in aspects that help them create better products by conceptualizing, designing, developing, and delivering them. Among these, they include artificial intelligence and machine learning, software development and engineering, digital transformation and automation, cloud and DevOps services, quality assurance and testing, and the Global Capability Centre (GCC).
AI and ML
Data science and analytics
Software development and engineering
Digital transformation and automation
Cloud and DevOps services
Quality assurance and testing
By September 30, 2023, the company had 356 employees.
S A Tech Software India Limited - Promoter(s)
SA Technologies Inc., USA
Mr. Manoj Joshi
Mrs. Priyanka Joshi
Pre Issue Share Holding : 79.27%
Post Issue Share Holding : %
S A Tech Software India Limited IPO - Issue Objectives
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
Funding the working capital requirements of the company
General Corporate Purposes.
S A Tech Software India Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| S A Tech Software India Limited | 1.19 | 1.19 | 178.63 | 50.4 | 13.96 | 0.33 | Standalone |
| Asm Technologies Ltd. | 15.06 | 15.06 | 67.05 | 55.14 | 13.31 | 7.08 | Standalone |
| Moschip Technologies Ltd | 0.32 | 0.3 | 6.8 | 165.18 | 5.46 | 14.53 | Standalone |
| Infobeans Technologies Limited | 15.18 | 15.09 | 111.98 | 30.34 | 13.24 | 3.93 | Standalone |
| Onward Technologies Ltd. | 7.34 | 7.16 | 77.94 | 55.77 | 6.6 | 7.96 | Standalone |
| 3i Infotech Limited | 3.1 | 3.05 | 38.16 | 343.13 | 0.21 | 1.41 | Standalone |
Notes:
- The EPS, NAV, and RoNW of S A Tech Software India Limited are taken as per the Restated Financial Statement for the Financial year ended March 31, 2023.
- NAV per share is computed as the closing net worth divided by the weighted average number of paid-up equity shares as of March 31, 2023.
- The RoNW has been computed as net profit after tax divided by closing net worth.
- Net worth has been computed in the manner specified in Regulation 2(1)(hh) of SEBI (ICDR) Regulations, 2018.
- Closing market price of the peers considered as January 05, 2024, on BSE.
Contact Details
S A Tech Software India Limited
Off No. D-6030, 6th Floor Solitaire Bus. Hub Viman Nagar, Pune - 411014
+91 9022909131
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
S A Tech Software India Limited IPO - FAQs
Ans. S A Tech Software India Limited IPO is a SME IPO. The issue is priced at ₹56-59 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Jul 26, 2024, and closes on Jul 30, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The S A Tech Software India Limited IPO opens on Jul 26, 2024 and closes on Jul 30, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of S A Tech Software India Limited IPO is 3,900,000 shares(aggregating up to ₹23.01 Cr).
Ans. The S A Tech Software India Limited IPO price band is set between ₹56-59 per equity share.
Ans. To apply for S A Tech Software India Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find S A Tech Software India Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of S A Tech Software India Limited IPO is Jul 31, 2024.
Ans. The S A Tech Software India Limited IPO will be listed on Aug 2, 2024.
Ans. Follow the steps to check the S A Tech Software India Limited IPO allotment status online.
