Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹59.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,12,000 (2000 shares). The minimum lot size investment for 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 Date | July 26, 2024 to July 30, 2024 |
| Listing Date | August 2, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹56 to ₹59 per share |
| Issue Price Final | ₹59 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 39,00,000 shares (aggregating up to ₹23.01 Cr) |
| Reserved for Market Maker | 2,84,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹1.68 Cr) |
| Net Offered to Public | 36,16,000 shares (aggregating up to ₹21.33 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 91,57,281 shares |
| Share Holding Post Issue | 1,30,57,281 shares |
S A Tech Software India IPO offers total 39,00,000 shares. Out of which 18,06,000 (46.31%) allocated to QIB, 7,24,000 (18.56%) allocated to QIB, 5,44,000 (13.95%) allocated to NII, 12,66,000 (32.46%) allocated to RII and 10,82,000 (27.74%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,84,000 (7.28%) |
| QIB Shares Offered | 18,06,000 (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 (13.95%) |
| Retail Shares Offered | 12,66,000 (32.46%) |
| Total Shares Offered | 39,00,000 (100.00%) |
S A Tech Software IPO raises ₹6.38 crore from anchor investors. S A Tech Software IPO Anchor bid date is July 25, 2024. S A Tech Software IPO Anchor Investors list
| Bid Date | July 25, 2024 |
| Shares Offered | 10,82,000 |
| 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 |
S A Tech Software IPO opens on July 26, 2024, and closes on July 30, 2024.
| IPO Open Date | Fri, Jul 26, 2024 |
| IPO Close Date | Tue, Jul 30, 2024 |
| Tentative Allotment | Wed, Jul 31, 2024 |
| Initiation of Refunds | Thu, Aug 1, 2024 |
| Credit of Shares to Demat | Thu, Aug 1, 2024 |
| Tentative Listing Date | Fri, Aug 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jul 30, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - 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 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 |
| Total Income | 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 | ||||
The market capitalization of S A Tech Software IPO is ₹77.04 Cr.
KPI as of Sun, Jun 30, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 4.03 | 7.60 |
| P/E (x) | 14.65 | 7.76 |
The company proposes to utilize the Net Proceeds towards funding the following objectives:
[Dilip Davda] It is an AI-driven IT consulting company, offering scalable IT outsourcing solutions and Global Development Centers (GDCs) that enhance business agility and efficiency. The only major plus point is its association with US based company, but it has not reflected in its performances till FU23. Based on its super annualized earnings for FY25, the issue appears lucratively priced, but based on FY23 earnings it is fully priced. Well-Informed investors may park moderate funds for the medium to long term. Read detail review...
| Listing Date | August 2, 2024 |
| BSE Script Code | |
| NSE Symbol | SATECH |
| ISIN | INE0BSN01013 |
| Final Issue Price | ₹59 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹59.00 |
| Open | ₹112.10 |
| Low | ₹112.10 |
| High | ₹117.70 |
| Last Trade | ₹117.70 |
S A Tech Software India Ltd.
Off No. D-6030,
6th Floor Solitaire Bus. Hub
Viman Nagar,
Pune, Maharashtra, 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
S A Tech Software IPO is a SME IPO of 39,00,000 equity shares of the face value of ₹10 aggregating up to ₹23.01 Crores. The issue is priced at ₹59 per share. The minimum order quantity is 2000.
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 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 July 26, 2024 and closes on July 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 Thursday, August 1, 2024. Check the S A Tech Software IPO allotment status.
The S A Tech Software IPO listing date is on Friday, August 2, 2024.
Useful Articles
RHP