S A Tech Software India Limited SME IPO
Issue Size (Net)
up to ₹ 23.01 Cr
Price Band
₹56.00-59.00 Per Share
Issue Opens
26th Jul 2024
Issue Closes
30th Jul 2024
About Company – S A Tech Software India
S A Tech Software India Limited was incorporated in November 2012 and is an IT consulting subsidiary of SA Technologies Inc, a foreign company in USA, founded by Mr. Manoj Joshi and Ms. Priyanka Joshi, who have over two decades of experience in Information Technology. Their company has more than a decade of experience in serving clients across the globe and domestically. Their company has entered into a service partnership with their holding company to cater to the needs of foreign clients.
The company’s main line of business is services, including outsourced technology services and digital transformation services for some Fortune 500 clients to help them conceptualise, design, develop and deliver better products. The company has partnerships with some key technology partners (such as Microsoft and Google), which solidifies its reputation and emphasises its experience and commitment to the technology industry.
The company offers: AI and ML, SW development and engineering, digital transformation and automation, cloud and DevOps services, quality assurance and testing, Global Capabilities Centre (GCC), and data science and analytics.
S A Tech Software India SME IPO Strengths
- Experienced promoters and qualified senior management team.
- Scalable business model.
- Strategies.
- Customer-centric approach.
- Marque set of clients.
- Exclusive agreement for certain domains.
S A Tech Software India SME IPO Objective
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.
S A Tech Software India Limited Financial Information (Restated Consolidated)
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 |
S A Tech Software India Limited Day-wise IPO GMP Trend
GMP Date | IPO Price | GMP Movement | Estimated Listing Price | Last Updated |
---|---|---|---|---|
02-08-2024 Listing | 59.00 | ₹80 – No Change | ₹139 (135.59%) | 2-Aug-2024 9:31 |
01-08-2024 | 59.00 | ₹80 – No Change | ₹139 (135.59%) | 1-Aug-2024 23:25 |
31-07-2024 Allotment | 59.00 | ₹80 – No Change | ₹139 (135.59%) | 31-Jul-2024 23:28 |
30-07-2024 Close | 59.00 | ₹80 – No Change | ₹139 (135.59%) | 30-Jul-2024 23:28 |
29-07-2024 | 59.00 | ₹80 – Up | ₹139 (135.59%) | 29-Jul-2024 16:23 |
28-07-2024 | 59.00 | ₹70 – No Change | ₹129 (118.64%) | 28-Jul-2024 23:31 |
27-07-2024 | 59.00 | ₹70 – No Change | ₹129 (118.64%) | 27-Jul-2024 23:28 |
26-07-2024 Open | 59.00 | ₹70 – Up | ₹129 (118.64%) | 26-Jul-2024 23:25 |
25-07-2024 | 59.00 | ₹59 – No Change | ₹118 (100%) | 25-Jul-2024 23:30 |
24-07-2024 | 59.00 | ₹59 – Up | ₹118 (100%) | 24-Jul-2024 23:30 |
23-07-2024 | 59.00 | ₹51 – Up | ₹110 (86.44%) | 23-Jul-2024 9:53 |
22-07-2024 | 59.00 | ₹40 – No Change | ₹99 (67.8%) | 22-Jul-2024 23:30 |
S A Tech Software India Limited SME IPO Details
SME IPO Issue Opening Date: | 26th Jul 2024 |
SME IPO Issue Closing Date: | 30th Jul 2024 |
SME IPO Issue Price: | ₹56.00-59.00 Per Share |
Face Value | ₹10 Per Equity Share |
Lot Size | 2000 Shares |
Issue Size | ₹23.01 Cr |
Fresh Issue | ₹23.01 Cr |
Issue Type | Book Build Issue |
IPO Listing At: | NSE SME |
S A Tech Software India Limited SME IPO Timeline (Tentative Schedule)
Event | Tentative Date |
---|---|
Opening Date | 26th Jul 2024 |
Closing Date | 30th Jul 2024 |
Basis of Allotment Date | 31st Jul 2024 |
Refunds Initiation | 1st Aug 2024 |
Credit of Shares to Demat | 1st Aug 2024 |
SME IPO Listing Date | 2nd Aug 2024 |