Bookbuilding IPO | ₹23 Cr | Listed at NSE SME | Fri, Jul 26, 2024 - Tue, Jul 30, 2024
S A Tech Software IPO is a book build issue of ₹23.01 crores. The issue is entirely a fresh issue of 0.39 crore shares of ₹23.01 crore.
S A Tech Software IPO bidding started from Jul 26, 2024 and ended on Jul 30, 2024. The allotment for S A Tech Software IPO was finalized on Jul 31, 2024. The shares got listed on NSE SME on Aug 2, 2024.
S A Tech Software IPO price band is set at ₹59 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,18,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,36,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to S A Tech Software IPO RHP for detailed Information.
IPO Open
Fri, Jul 26, 2024
IPO Close
Tue, Jul 30, 2024
Issue Price
₹59 per share
Market Cap (Pre-IPO)
₹77.04 Cr
| IPO Date | 26 to 30 Jul, 2024 |
| Listed on | Fri, Aug 2, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹59 |
| Issue Price | ₹59 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 39,00,000 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 2,84,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 36,16,000 shares (agg. up to ₹21 Cr) |
| Net Offered to Public | 36,16,000 shares (agg. up to ₹21 Cr) |
| Share Holding Pre Issue | 91,57,281 shares |
| Share Holding Post Issue | 1,30,57,281 shares |
| NSE Symbol | SATECH |
| ISIN | INE0BSN01013 |
S A Tech Software IPO comprises a total issue size of 39,00,000 shares. The net offer to the public is 36,16,000 shares, after excluding 2,84,000 shares allotted on a firm basis. Of the Net offer 18,06,000 (49.94%) are allocated to QIB, 5,44,000 (15.04%) allocated to NII 12,66,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 18,06,000 | 49.94% | 46.31% |
| − Anchor Investor Shares Offered | 10,82,000 | 27.74% | |
| − QIB (Ex. Anchor) Shares Offered | 7,24,000 | 18.56% | |
| NII (HNI) Shares Offered | 5,44,000 | 15.04% | 13.95% |
| Retail Shares Offered | 12,66,000 | 35.01% | 32.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,84,000 | 7.28% | |
| Total Shares Offered | 39,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,18,000 |
| Retail (Max) | 1 | 2,000 | ₹1,18,000 |
| HNI (Min) | 2 | 4,000 | ₹2,36,000 |
S A Tech Software IPO raises ₹6.38 crore from anchor investors. S A Tech Software IPO Anchor bid date is July 25, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jul 25, 2024 |
| Shares Offered | 10,82,000 |
| Anchor Portion (₹ Cr.) | 6.38 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Aug 30, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Oct 29, 2024 |
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.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 47.03 | 37.06 | 34.66 | 32.29 |
| Total Income | 23.97 | 72.38 | 56.73 | 41.54 |
| Profit After Tax | 2.48 | 3.69 | 1.01 | -5.48 |
| NET Worth | 14.14 | 11.66 | 7.72 | 6.64 |
| Reserves and Surplus | 4.99 | 2.51 | 7.30 | 6.21 |
| Total Borrowing | 21.05 | 12.88 | 14.59 | 19.59 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company; | 9.18 |
| 2 | Funding the working capital requirements of the company; and | 10.80 |
| 3 | General Corporate Purposes | 1.38 |
| KPI | Jun 30, 2024 |
|---|---|
| ROCE | 10.95% |
| Debt/Equity | 1.49 |
| RoNW | 17.54% |
| PAT Margin | 10.38% |
| Price to Book Value | 3.82 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.03 | 7.60 |
| P/E (x) | 14.65 | 7.76 |
| Promoter Holding | 99.02% | 69.45% |
| Market Cap | ₹77.04 Cr. |
The S A Tech Software India IPO is subscribed 621.25 times on July 30, 2024 6:19:59 PM (Day 3). The public issue subscribed 621.77 times in the retail category, 201.29 times in the QIB category, and 1,178.97 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 201.29 | 7,24,000 | 14,57,34,000 |
| NII* | 1,178.97 | 5,44,000 | 64,13,62,000 |
| Retail | 621.77 | 12,66,000 | 78,71,60,000 |
| Total | 621.25 | 25,34,000 | 1,57,42,56,000 |
Total Application : 3,93,580
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 1.48 |
| 2 | Advertising and Marketing Expenses | 0.09 |
| 3 | Fees payable to the stock exchange(s) | 0.05 |
| 4 | Printing & Stationery, Distribution, Postage, etc. | 0.01 |
| 5 | Brokerage and Selling Commission | 0.01 |
| 6 | Other Expenses - (Bankers to the Issue, Auditor’s Fees etc.) | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹59.00 |
| Open | ₹112.10 |
| Low | ₹112.10 |
| High | ₹117.70 |
| Last Trade | ₹117.70 |
Lead Manager Reports
S A Tech Software IPO is a SME IPO of 39,00,000 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹59 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Jul 26, 2024, and closes on Tue, Jul 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 IPO using UPI as a payment gateway. Zerodha customers can apply in S A Tech Software IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in S A Tech Software IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The S A Tech Software IPO opens on Fri, Jul 26, 2024 and closes on Tue, Jul 30, 2024.
S A Tech Software IPO lot size is 2000, and the minimum amount required for application is ₹1,18,000.
You can apply in S A Tech Software IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for S A Tech Software IPO will be done on Wednesday, July 31, 2024, and the allotted shares will be credited to your demat account by Thu, Aug 1, 2024. Check the S A Tech Software IPO allotment status.
The S A Tech Software IPO listing date is on Fri, Aug 2, 2024.
