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20 Nov 2024
S A Tech Software India Limited IPO
S A Tech Software India Limited (SAT) centered in Pune and Bengaluru, is an IT consulting Subsidiary Company of foreign body corporate SA Technologies Inc, USA. The Company has experience catering to global as well as domestic customers for more than a decade. The company has entered into a Service Partnership with its holding Company to cater to the needs of foreign clients. They service a diverse portfolio of clients ranging from small to Enterprise ones, offering products and digital solutions.
With the benefit of global presence, they bring together diverse teams from different parts of the world with multiple skills to collaborate in real time and solve complex technological problems for their clients. S A Tech Software India IPO is a book-built issue of Rs 23.01 crores. The issue is entirely a fresh issue of 39 lakh shares. S A Tech Software India IPO opens for subscription on July 26, 2024 and closes on July 30, 2024. S A Tech Software India IPO price band is set at ₹56 to ₹59 per share. The minimum lot size for an application is 2000 Shares. GYR Capital Advisors Private Limited is the book-running lead manager of the S A Tech Software India IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for S A Tech Software India IPO is Giriraj Stock Broking.
S A Tech Software India IPO Overview
| Detail | Description |
|---|---|
| IPO Date | July 26, 2024 to July 30, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹59 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,900,000 shares (aggregating up to ₹23.01 Cr) |
| Fresh Issue | 3,900,000 shares (aggregating up to ₹23.01 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 9,157,281 |
| Shareholding post issue | 13,057,281 |
| Market Maker portion | 284,000 shares Giriraj Stock Broking |
S A Tech Software India IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Friday, July 26, 2024 |
| IPO Close Date | Tuesday, July 30, 2024 |
| Basis of Allotment | Wednesday, July 31, 2024 |
| Initiation of Refunds | Thursday, August 1, 2024 |
| Credit of Shares to Demat | Thursday, August 1, 2024 |
| Listing Date | Friday, August 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 30, 2024 |
S A Tech Software India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹118,000 |
| Retail (Max) | 1 | 2000 | ₹118,000 |
| HNI (Min) | 2 | 4,000 | ₹236,000 |
S A Tech Software India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
S A Tech Software India IPO Promoter Holding
| Share Holding Pre Issue | 79.27% |
| Share Holding Post Issue |
Company & Financials
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:
- 1. IT Services: The company provides technology services and digital transformation services to Fortune 500 clients, helping them conceptualize, design, develop and deliver better products. These include artificial intelligence and machine learning, software development and engineering, digital transformation and automation, cloud and DevOps services, quality assurance and testing, and the Global Capability Centre (GCC).
- 2. Artificial intelligence (AI) and machine learning (ML)
- 3. Data science and analytics
- 4. Software development and engineering
- 5. Digital transformation and automation
- 6. Cloud and DevOps services
- 7. Quality assurance and testing
S A Tech Software India Limited Financial Information
| Period Ended | 30 June 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 | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 10.95% |
| Debt/Equity | 1.49 |
| RoNW | 17.54% |
| P/BV | 3.82 |
| PAT Margin (%) | 10.38 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.03 | 7.6 |
| P/E (x) | 14.65 | 7.76 |
Objectives of S A Tech Software India IPO
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.
- 3. General Corporate Purposes.
S A Tech Software IPO Review
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 a US-based company, but it has not been 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.
FAQs for S A Tech Software IPO
-
What is the S A Tech Software IPO?
S A Tech Software IPO is an NSE SME IPO. They are going to raise ₹23.01 Crores via IPO. The issue is priced at ₹56 to ₹59 per equity share. The IPO is to be listed on NSE.
-
When will the S A Tech Software IPO open?
The IPO will open on July 26, 2024 for QIB, NII, and Retail Investors.
-
What is the S A Tech Software IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is S A Tech Software IPO Size?
S A Tech Software's IPO size is ₹23.01 crores.
-
What is the S A Tech Software IPO Price Band?
S A Tech Software IPO Price Band is ₹56 to ₹59 per equity share.
-
What is the S A Tech Software IPO Minimum and Maximum Lot Size?
The IPO bid is 2000 shares with ₹118,000.
-
What is the S A Tech Software IPO Allotment Date?
S A Tech Software IPO allotment date is July 31, 2024.
-
What is the S A Tech Software IPO Listing Date?
S A Tech Software's IPO listing date is August 2, 2024—the IPO to list on NSE SME.
RHP:
RHP of S A Tech Software India Limited IPO
-
What is the S A Tech Software IPO?
S A Tech Software IPO is an NSE SME IPO. They are going to raise ₹23.01 Crores via IPO. The issue is priced at ₹56 to ₹59 per equity share. The IPO is to be listed on NSE.
-
When will the S A Tech Software IPO open?
The IPO will open on July 26, 2024 for QIB, NII, and Retail Investors.
-
What is the S A Tech Software IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is S A Tech Software IPO Size?
S A Tech Software's IPO size is ₹23.01 crores.
-
What is the S A Tech Software IPO Price Band?
S A Tech Software IPO Price Band is ₹56 to ₹59 per equity share.
-
What is the S A Tech Software IPO Minimum and Maximum Lot Size?
The IPO bid is 2000 shares with ₹118,000.
-
What is the S A Tech Software IPO Allotment Date?
S A Tech Software IPO allotment date is July 31, 2024.
-
What is the S A Tech Software IPO Listing Date?
S A Tech Software's IPO listing date is August 2, 2024—the IPO to list on NSE SME.
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