Bookbuilding IPO | ₹23 Cr | Listed at NSE SME | Fri, Apr 27, 2018 - Thu, May 3, 2018
SoftTech Engineers IPO is a book build issue of ₹22.81 crores. The issue is a combination of fresh issue of 0.24 crore shares aggregating to ₹18.97 crores and offer for sale of 0.05 crore shares aggregating to ₹3.84 crores.
SoftTech Engineers IPO bidding started from Apr 27, 2018 and ended on May 3, 2018. The shares got listed on NSE SME on May 11, 2018.
SoftTech Engineers IPO price band is set at ₹80 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,28,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,56,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to SoftTech Engineers IPO RHP for detailed Information.
IPO Open
Fri, Apr 27, 2018
IPO Close
Thu, May 3, 2018
Issue Price
₹80 per share
Market Cap (Pre-IPO)
₹75.38 Cr
| IPO Date | 27 Apr to 3 May, 2018 |
| Listed on | Fri, May 11, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹78 to ₹80 |
| Issue Price | ₹80 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 28,51,200 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 1,44,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 22,27,200 shares (agg. up to ₹18 Cr) |
| Offer for Sale | 4,80,000 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 27,07,200 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 70,51,276 shares |
| Share Holding Post Issue | 94,22,476 shares |
| NSE Symbol | SOFTTECH |
| ISIN | INE728Z01015 |
SoftTech Engineers IPO comprises a total issue size of 28,51,200 shares. The net offer to the public is 27,07,200 shares, after excluding 1,44,000 shares allotted on a firm basis. Of the Net offer 13,52,000 (49.94%) are allocated to QIB, 4,06,400 (15.01%) allocated to NII 9,48,800 (35.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 13,52,000 | 49.94% | 47.42% |
| NII (HNI) Shares Offered | 4,06,400 | 15.01% | 14.25% |
| Retail Shares Offered | 9,48,800 | 35.05% | 33.28% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,44,000 | 5.05% | |
| Total Shares Offered | 28,51,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,28,000 |
| Retail (Max) | 1 | 1,600 | ₹1,28,000 |
| HNI (Min) | 2 | 3,200 | ₹2,56,000 |
Incorporated in 1996, Pune based SoftTech Engineers Limited is a software company which caters to the Architecture, Engineering, and Construction ("AEC") verticals.
The Company specializes in developing the product for e-governance and construction ERP products for smart city projects, municipal corporations, urban local bodies, development authorities and work organizations. It also offers 2D and 3D CAD based intelligent and machine learning driven technology which eliminates entire human intervention along with providing Cloud Technology enabled products offered as "SaaS".
Softtech started by launching its first product - STRUDS in the year 1996, which was used for Structural Analysis and Designing. In the year 2000, it launched another product, ESRGSR, which was also used on the same line. STRUDS and ESR GSR were acquired in the year 2011 by CSC (UK) Limited.
The Company also launched two new products viz., PWIMS and AutoDCR which have been the flagship products of the Company since its launch in the year 2004 and 2005 respectively. PWIMS provides a complete online solution to Public Works Department (PWD) for e-procurement and work management. AutoDCR is a software for automation of building permits approvals which is used by the government authorities in scrutinizing and automating the building permits based on the CAD based building plan which works on an online system and environment.
Riding on the success of these products, the Company in the year 2010 launched, OPTICON which caters to the needs of construction contractors and real estate companies by helping them in cost estimating, construction management and overall automation.
Softtech got another VC funding round from Rajasthan Venture Capital Fund in the year 2014 which acquired 26.77% stake in the Company.
The company has 433 employees working at its registered office and other client places.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Product Development and Enhancement Costs | 6.62 |
| 2 | Funding of the Domestic and International Product Penetration and Marketing Costs | 5.98 |
| 3 | Repayment/ Pre-payment of certain unsecured borrowings availed by the Company | 2.03 |
| 4 | General corporate purposes | 2.18 |
The SoftTech Engineers IPO is subscribed 30.82 times on May 3, 2018 5:00:00 PM (Day 4). The public issue subscribed 28.94 times in the retail category, [.] times in the QIB category, and 31.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 31.21 | 13,53,600 | 4,22,51,200 |
| Retail | 28.94 | 13,53,600 | 3,91,69,600 |
| Total | 30.82 | 27,07,200 | 8,34,22,400 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc | 2.33 |
| 2 | Regulatory fees | 0.09 |
| 3 | Marketing and Other Expenses | 0.15 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹80.00 |
| Open | ₹72.50 |
| Low | ₹72.00 |
| High | ₹73.00 |
| Last Trade | ₹72.00 |
SoftTech Engineers IPO is a SME IPO of 28,51,200 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹80 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Apr 27, 2018, and closes on Thu, May 3, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in SoftTech Engineers IPO using UPI as a payment gateway. Zerodha customers can apply in SoftTech Engineers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SoftTech Engineers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SoftTech Engineers IPO opens on Fri, Apr 27, 2018 and closes on Thu, May 3, 2018.
SoftTech Engineers IPO lot size is 1600, and the minimum amount required for application is ₹1,28,000.
You can apply in SoftTech Engineers 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 SoftTech Engineers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the SoftTech Engineers IPO allotment status.
The SoftTech Engineers IPO listing date is on Fri, May 11, 2018.
