S A Tech Software India Limited IPO
- IPO Date26 Jul, 2024 to 30 Jul, 2024
- Listing Date02 Aug, 2024
- Face Value₹10 per share
- Issue Price₹56 to ₹59 per share
- Lot Size2000 Shares
- Minimum Investment₹1,18,000
- Listing AtNSE SME
- Total Issue Size39,00,000 Shares
(aggregating up to ₹23.01 Cr) - Fresh Issue39,00,000 Shares
(aggregating up to ₹23.01 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue91,57,281
- Shareholding post issue1,30,57,281
IPO Dates
Closing Date
30 Jul, 2024
Initiation of Refunds
01 Aug, 2024
Listing Date
02 Aug, 2024
26 Jul, 2024
Opening Date
31 Jul, 2024
Basis of Allotment
01 Aug, 2024
Credit of Shares
S A Tech Software India Limited Lot Size
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 |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| Retail (Max) | 1 | 2000 | ₹1,18,000 |
| Retail (Min) | 1 | 2000 | ₹1,18,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Min) | 2 | 4000 | ₹2,36,000 |
S A Tech Software India Limited Promoter Holding
SA Technologies Inc., USA, Mr. Manoj Joshi and Mrs. Priyanka Joshi are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 79.27% | - |
S A Tech Software India Limited COMPANY INFORMATION
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. The market maker for S A Tech Software India IPO is Giriraj Stock Broking. Refer to S A Tech Software India IPO RHP for detailed information.
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.
S A Tech Software India Limited IPO Analysis
Overview of S A Tech Software India Limited
S A Tech Software India Limited, a prominent technology services company, is gearing up for its Initial Public Offering (IPO). With a strong foothold in the industry and an experienced team, the company aims to leverage the public issue to fuel its growth and expansion.
IPO Details and Key Dates
The IPO will feature up to 39,00,000 equity shares with a face value of ?10 each. The entire issue constitutes a fresh issue, aiming to raise capital directly for the company’s growth initiatives. The issue opens on July 26, 2024, and closes on July 30, 2024, with an anchor investor bidding date set for July 25, 2024.
- Issue Type: 100% Book Built Offer
- Equity Shares Offered: Up to 39,00,000 equity shares of face value ?10 each
- Fresh Issue: Entirely fresh issue with no offer for sale
- Issue Size: To be determined based on the issue price
- Listing: Proposed to be listed on the EMERGE platform of NSE
Key Dates:
- Anchor Investor Bidding Date: July 25, 2024
- Issue Opens: July 26, 2024
- Issue Closes: July 30, 2024
Pros of Investing in S A Tech Software India Limited IPO
- Growth Potential: The company operates in the rapidly growing technology services sector.
- Experienced Promoters: Promoted by experienced individuals and entities in the tech industry.
- Fresh Capital for Growth: Entire issue being a fresh issue means funds will be used for growth and expansion.
- Strong Client Base: Presence in both domestic and international markets.
- Strategic Listing: Listing on NSE EMERGE platform which focuses on small and medium enterprises.
Cons and Risks
- Market Risks: As a first-time public issuer, there are uncertainties regarding market reception and trading performance.
- Investment Risks: Inherent risks associated with equity investments and the technology sector.
- Competitive Industry: Faces competition from both domestic and international technology service providers.
- Regulatory Risks: Subject to various regulations which could impact operations and financial performance.
- Operational Risks: Dependence on key personnel and technology could pose operational risks.
Conclusion
Investing in S A Tech Software India Limited's IPO offers potential growth opportunities given the company's robust foundation and strategic market presence. However, investors should carefully consider the associated risks and perform thorough due diligence.
FAQs About S A Tech Software India Limited Ipo
S A Tech Software India Limited IPO will open on 26 Jul, 2024 and close on 30 Jul, 2024. Investors must apply within this period to participate.
The S A Tech Software India Limited IPO price band is set between ₹56.00 and ₹59.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹118000.00.
The S A Tech Software India Limited IPO shares are expected to be listed on 02 Aug, 2024, subject to regulatory approvals and final allotment.
You can track your S A Tech Software India Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The S A Tech Software India Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.