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 IPO Details
| 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 |
S A Tech Software India IPO Timeline (Tentative Schedule)
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 |
S A Tech Software India IPO 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 |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹118,000 |
| Retail (Max) | 1 | 2000 | ₹118,000 |
| HNI (Min) | 2 | 4,000 | ₹236,000 |
S A Tech Software India IPO Reservation
S A Tech Software India IPO offers 3,900,000 shares. 724,000 (18.56%) to QIB, 544,000 (13.95%) to NII, 1,266,000 (32.46%) to RII and 1,082,000 (27.74%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| 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 IPO Promoter Holding
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 IPO Anchor Investors Details
S A Tech Software India IPO raises Rs 6.38 crore from anchor investors. S A Tech Software India IPO Anchor bid date is July 25, 2024.
| Bid Date | July 25, 2024 |
| Shares Offered | 1,082,000 |
| Anchor Portion Size (In Cr.) | 6.38 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 30, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 29, 2024 |
About S A Tech Software India Limited
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
S A Tech Software India Limited Financial Information (Restated)
S A Tech Software India Limited’s revenue increased by 27.59% and profit after tax (PAT) rose by 266.7% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 4,703.23 | 3,706.06 | 3,465.95 | 3,229.19 |
| Revenue | 2,397.18 | 7,238.12 | 5,673.05 | 4,154.37 |
| Profit After Tax | 248.07 | 368.86 | 100.59 | -548.25 |
| Net Worth | 1,414.43 | 1,166.35 | 772.48 | 663.89 |
| Reserves and Surplus | 498.70 | 250.62 | 729.50 | 620.91 |
| Total Borrowing | 2,105.22 | 1,288.12 | 1,459.18 | 1,959.34 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of S A Tech Software India IPO is Rs 77.04 Cr.
KPI as of June 30, 2024.
| KPI | Values |
|---|---|
| ROCE | 10.95% |
| Debt/Equity | 1.49 |
| RoNW | 17.54% |
| P/BV | 3.82 |
| PAT Margin (%) | 10.38 |
Objects of the Issue (S A Tech Software India IPO Objectives)
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.