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S A Tech Software India IPO is a book built issue of Rs 23.01 crores. The issue is entirely a fresh issue of 39 lakh shares.
S A Tech Software India IPO opens for subscription on July 26, 2024 and closes on July 30, 2024. The allotment for the S A Tech Software India IPO is expected to be finalized on Wednesday, July 31, 2024. S A Tech Software India IPO will list on NSE SME with tentative listing date fixed as Friday, August 2, 2024.
S A Tech Software India IPO price band is set at ₹56 to ₹59 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹118,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹236,000.
GYR Capital Advisors Private Limited is the book running lead manager of the S A Tech Software India IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to S A Tech Software India IPO DRHP for detailed information.
| IPO Date | July 26, 2024 to July 30, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹59 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,900,000 shares (aggregating up to ₹23.01 Cr) |
| Fresh Issue | 3,900,000 shares (aggregating up to ₹23.01 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,157,281 |
| Share holding post issue | 13,057,281 |
| Market Maker portion | 284,000 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
S A Tech Software India IPO opens on July 26, 2024, and closes on July 30, 2024.
| IPO Open Date | Friday, July 26, 2024 |
| IPO Close Date | Tuesday, July 30, 2024 |
| Basis of Allotment | Wednesday, July 31, 2024 |
| Initiation of Refunds | Thursday, August 1, 2024 |
| Credit of Shares to Demat | Thursday, August 1, 2024 |
| Listing Date | Friday, August 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 30, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below 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 | ₹118,000 |
| Retail (Max) | 1 | 2000 | ₹118,000 |
| HNI (Min) | 2 | 4,000 | ₹236,000 |
| Lot Size Calculator | |||
SA Technologies Inc., USA, Mr. Manoj Joshi and Mrs. Priyanka Joshi are the company's promoters.
| Share Holding Pre Issue | 79.27% |
| Share Holding Post Issue |
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:
As of September 30, 2023, the company had 356 employees.
S A Tech Software India Limited's revenue increased by 36.56% and profit after tax (PAT) rose by 119.51% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,847.61 | 3,461.23 | 3,225.87 | 3,424.86 |
| Revenue | 3,186.27 | 5,673.05 | 4,154.37 | 5,465.61 |
| Profit After Tax | 264.14 | 107.19 | -549.50 | 79.47 |
| Net Worth | 1,031.89 | 767.76 | 660.57 | 1,210.07 |
| Reserves and Surplus | 988.91 | 724.78 | 617.59 | 1,167.09 |
| Total Borrowing | 1,579.33 | 1,459.18 | 1,959.34 | 1,494.80 |
| Amount in ₹ Lakhs | ||||
The market capitalization of S A Tech Software India IPO is Rs 77.04 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.17 | 4.05 |
| P/E (x) | 50.4 | 14.58 |
The company proposes to utilize the Net Proceeds towards funding the following objectives:
S A Tech Software India Limited
Off No. D-6030,
6th Floor Solitaire Bus. Hub Viman Nagar,
Pune - 411014
Phone: +91 9022909131
Email: cs@satincorp.com
Website: http://www.satincorp.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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S A Tech Software India IPO is a SME IPO of 3,900,000 equity shares of the face value of ₹10 aggregating up to ₹23.01 Crores. The issue is priced at ₹56 to ₹59 per share. The minimum order quantity is 2000 Shares.
The IPO opens on July 26, 2024, and closes on July 30, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in S A Tech Software India IPO using UPI as a payment gateway. Zerodha customers can apply in S A Tech Software India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in S A Tech Software India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The S A Tech Software India IPO opens on July 26, 2024 and closes on July 30, 2024.
S A Tech Software India IPO lot size is 2000 Shares, and the minimum amount required is ₹118,000.
You can apply in S A Tech Software India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for S A Tech Software India IPO will be done on Wednesday, July 31, 2024, and the allotted shares will be credited to your demat account by Thursday, August 1, 2024. Check the S A Tech Software India IPO allotment status.
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