Fixed Price IPO | ₹8 Cr | Listed at NSE | Wed, Mar 30, 2005 - Thu, Apr 7, 2005
Saksoft IPO is a fixed issue price of ₹7.50 crores. The issue is entirely a fresh issue of 0.25 crore shares of ₹7.50 crore.
Saksoft IPO bidding started from Mar 30, 2005 and ended on Apr 7, 2005. The shares got listed on the NSE on May 9, 2005.
Saksoft IPO is set final issue price at ₹30 per share.
Centrum Capital Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue.
Refer to Saksoft IPO DRHP for detailed Information.
IPO Open
Wed, Mar 30, 2005
IPO Close
Thu, Apr 7, 2005
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹30.00 Cr
| IPO Date | 30 Mar to 7 Apr, 2005 |
| Listed on | Mon, May 9, 2005 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE |
| Total Issue Size | 25,00,000 shares (agg. up to ₹8 Cr) |
| Fresh Issue | 25,00,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 75,00,000 shares |
| Share Holding Post Issue | 1,00,00,000 shares |
| NSE Symbol | 590051 SAKSOFT |
| ISIN | INE667G01023 |
Saksoft IPO comprises a total issue size of 25,00,000 shares. Out of which, 12,50,000 (50.00%) allocated to NII 12,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| NII (HNI) Shares Offered | 12,50,000 | 50.00% |
| Retail Shares Offered | 12,50,000 | 50.00% |
| Total Shares Offered | 25,00,000 | 100.00% |
Saksoft Limited was incorporated on November 24, 1999, under the Companies Act, 1956, originally as 'Sak Infotech Ltd.', and renamed Saksoft Limited on September 30, 2002. The registered office is located at 'Sri Ram Nivas', 38, V.K. Iyer Road, Mandaveli, Chennai – 600 028.
The company is a mid-sized Information Technology firm exclusively focused on the Banking, Financial Services, and Insurance (BFSI) sector, providing end-to-end software solutions that leverage technology to enhance client business performance.
Saksoft delivers its services through five structured programs — SakC2C (custom application development), SakAssure (third-party testing and verification), SakXtend (resource augmentation, onsite and offshore), Veri-sens (proprietary Business Intelligence product for dashboards and MIS applications), and SakSupport (24x7 operations and maintenance support). A key differentiator is its Business Consulting Group (BCG), which brings domain-level banking expertise to guide technical delivery from an end-user perspective.
Domestically, the company operates its primary development center and corporate office in Chennai and a second development center in NOIDA (33,000 sq. ft.). Globally, it has wholly owned subsidiaries in the USA (New York), Singapore, and Germany (Frankfurt), along with a branch office in London, UK.
Its client base includes prominent global financial institutions such as Citibank N.A. (37% of revenue), Bank Mandiri, Truelink, Morgan Stanley Card Services, Standard Chartered Bank, DBS Bank, ICICI Bank, and HDFC Bank.
The company's proprietary BI platform Veri-sens and its two dedicated Technology Labs — the BI Lab (Microstrategy, Business Objects, SAS, Informatica) and the Test Lab (WinRunner, LoadRunner, QTP, Silk Test) — form the core of its product and technology capability.
| Period Ended | 30 Sep 2004 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|
| Assets | 11.68 | 8.99 | 11.40 | 5.32 |
| Total Income | 10.08 | 12.30 | 14.14 | 9.37 |
| Profit After Tax | 3.83 | 0.85 | 4.64 | 3.47 |
| NET Worth | 16,18,090.00 | 12,98,790.00 | 11.74 | 6.84 |
| Reserves and Surplus | 8.94 | 8.51 | 8.23 | 3.98 |
| Total Borrowing | 0.76 | 0.98 | 3.22 | 1.93 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of Facilities / Equipment-Rent | 0.25 |
| 2 | Expansion of Facilities / Equipment-Furnishing (Interiors) | 2.59 |
| 3 | Expansion of Facilities / Equipment-Computers & Base software | 3.12 |
| 4 | Expansion of Facilities / Equipment-Servers & Extended software | 2.08 |
| 5 | Expansion of Facilities / Equipment-Communication facility | 0.52 |
| 6 | Expansion of Facilities / Equipment-Other infrastructure | 0.26 |
| 7 | Process Certification | 0.20 |
| 8 | Acquisitions | 5.00 |
| 9 | IPO & Preliminary Expenses | 0.60 |
| Total | 14.62 |
| KPI | Sep 1, 2004 | Mar 31, 2004 |
|---|---|---|
| RoNW | 22.12% | 16.11% |
| Price to Book Value | 3.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.14 | 7.67 |
| P/E (x) | 26.35 | 3.91 |
| Promoter Holding | 90.67% | 68.01% |
| Market Cap | ₹30.00 Cr. |
The Saksoft IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 38.72 | 25,00,000 | 9,67,92,000 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management and selling commission | 0.17 |
| 2 | Advertising and Marketing expenses | 0.15 |
| 3 | Printing and Stationery | 0.20 |
| 4 | Others (Registrars fee, Legal fee, Listing fee etc.) | 0.08 |
| Total | 0.60 |
| Price Details | NSE |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹57.70 |
| Low | ₹57.70 |
| High | ₹109.70 |
| Last Trade | ₹100.80 |
Lead Manager Reports
Saksoft IPO is a main-board IPO of 25,00,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹30 per share. The minimum order quantity is .
The IPO opens on Wed, Mar 30, 2005, and closes on Thu, Apr 7, 2005.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE.
Zerodha customers can apply online in Saksoft IPO using UPI as a payment gateway. Zerodha customers can apply in Saksoft IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Saksoft IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Saksoft IPO opens on Wed, Mar 30, 2005 and closes on Thu, Apr 7, 2005.
Saksoft IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Saksoft 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 Saksoft IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Saksoft IPO allotment status.
The Saksoft IPO listing date is on Mon, May 9, 2005.
