S A Tech Software India Limited IPO Detail
S A Tech Software India Limited was founded in 2012 and is an IT consulting subsidiary of the foreign corporation SA Technologies Inc, USA.
The company provides application development, mobile app development, cloud infrastructure, software quality assurance, generative AI, machine learning, IoT solutions, data science and analytics.
The product and services portfolio of S A Tech Software India includes:
- IT Services: The company provides technology services and digital transformation services to Fortune 500 clients, helping them conceptualize, design, develop and deliver better products. These 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).
- Artificial intelligence (AI) and machine learning (ML)
- Data science and analytics
- Software development and engineering
- Digital transformation and automation
- Cloud and DevOps services
- Quality assurance and testing
As of September 30, 2023, the company had 356 employees.
Company Promoters
SA Technologies Inc., USA, Mr. Manoj Joshi and Mrs. Priyanka JoshiIPO Details
| IPO Opening Date | Jul 26, 2024 |
| IPO Closing Date | Jul 30, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹56 - 59 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹23.01 Cr |
| Fresh Issue | ₹23.01 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 4.28x | 0.00x | 0.00x | 15.23x | 21.78x | 15.37x |
| Day 2 | 9.00x | 0.00x | 0.00x | 87.51x | 161.25x | 101.92x |
| Day 3 | 201.29x | 0.00x | 0.00x | 1178.97x | 621.77x | 621.25x |
IPO Tentative Timetable
The S A Tech Software India Limited IPO open date is Jul 26, 2024, and the close date is Jul 30, 2024. The issue may list on Aug 02, 2024.
| IPO Open Date | Jul 26, 2024 |
| IPO Close Date | Jul 30, 2024 |
| Basis of Allotment Date | Jul 31, 2024 |
| Initiation of Refunds | Aug 01, 2024 |
| Credit of Shares to Demat Account | Aug 01, 2024 |
| IPO Listing Date | Aug 02, 2024 |
IPO Lot Size
The S A Tech Software India Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹118000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹118000 |
| Maximum | 1 | 2000 | ₹118000 |
IPO Promoter Holding
| Pre Issue Share Holding | 79.27% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 3225.87 | 4154.37 | -549.50 |
| 31-Mar-23 | 3461.23 | 5673.05 | 107.19 |
| 30-Sep-23 | 3847.61 | 3186.27 | 264.14 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds towards funding the following 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; and
- General Corporate Purposes.
S A Tech Software India Limited IPO Registrar:
Bigshare Services Pvt Ltd
S A Tech Software India Limited IPO Lead Manager(s):
GYR Capital Advisors Private Limited
Company Contact Information:
S A Tech Software India Limited
Off No. D-6030,
6th Floor Solitaire Bus. Hub Viman Nagar,
Pune - 411014
