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:

  1. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company;
  2. Funding the working capital requirements of the company; and
  3. General Corporate Purposes.

S A Tech Software India Limited Financial Information (Restated Consolidated)

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets4,703.233,706.063,465.953,229.19
Revenue2,397.187,238.125,673.054,154.37
Profit After Tax248.07368.86100.59-548.25
Net Worth1,414.431,166.35772.48663.89
Reserves and Surplus498.70250.62729.50620.91
Total Borrowing2,105.221,288.121,459.181,959.34
Amount in ₹ Lakhs

S A Tech Software India Limited Day-wise IPO GMP Trend

GMP DateIPO PriceGMP MovementEstimated Listing PriceLast Updated
02-08-2024 Listing59.00₹80 – No Change₹139 (135.59%)2-Aug-2024 9:31
01-08-202459.00₹80 – No Change₹139 (135.59%)1-Aug-2024 23:25
31-07-2024 Allotment59.00₹80 – No Change₹139 (135.59%)31-Jul-2024 23:28
30-07-2024 Close59.00₹80 – No Change₹139 (135.59%)30-Jul-2024 23:28
29-07-202459.00₹80 – Up₹139 (135.59%)29-Jul-2024 16:23
28-07-202459.00₹70 – No Change₹129 (118.64%)28-Jul-2024 23:31
27-07-202459.00₹70 – No Change₹129 (118.64%)27-Jul-2024 23:28
26-07-2024 Open59.00₹70 – Up₹129 (118.64%)26-Jul-2024 23:25
25-07-202459.00₹59 – No Change₹118 (100%)25-Jul-2024 23:30
24-07-202459.00₹59 – Up₹118 (100%)24-Jul-2024 23:30
23-07-202459.00₹51 – Up₹110 (86.44%)23-Jul-2024 9:53
22-07-202459.00₹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 Size2000 Shares
Issue Size₹23.01 Cr
Fresh Issue₹23.01 Cr
Issue TypeBook Build Issue
IPO Listing At:NSE SME

S A Tech Software India Limited SME IPO Timeline (Tentative Schedule)

EventTentative Date
Opening Date26th Jul 2024
Closing Date30th Jul 2024
Basis of Allotment Date31st Jul 2024
Refunds Initiation1st Aug 2024
Credit of Shares to Demat1st Aug 2024
SME IPO Listing Date2nd Aug 2024

Prospectus File

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