S A Tech Software India IPO will open for subscription from 26 July 2024. The company aims for an issue size of ₹23.01 Cr through this IPO.
Company Overview
| Full name | S A Tech Software India Limited |
| Sector | Information Technology |
| Industry | IT-Software |
| Company Website | https://www.satincorp.com/ |
About Company
S A Tech Software India (SAT), based in Pune and Bengaluru, is an IT consulting subsidiary of SA Technologies Inc., USA. The company serves a diverse portfolio of clients, from small businesses to large enterprises, offering a range of products and digital solutions. Leveraging its global presence, SAT brings together diverse teams worldwide, combining multiple skills to collaborate in real-time and solve complex technological problems for its clients.
The company’s primary business line includes outsourced technological services and digital transformation for Fortune 500 clients, helping them conceive, design, develop, and deliver superior products. With partnerships with tech giants like Microsoft and Google, SA Tech Software India (SAT) cements its reputation and showcases its experience and dedication in the tech industry.
The product and services portfolio of S A Tech Software India includes IT Services, Artificial Intelligence and Machine Learning, Software Development and Engineering, Digital Transformation and Automation, Data science and analytics, Cloud and DevOps Services, Quality Assurance and Testing, and the Global Capability Centre (GCC).
The Objectives of the Issue
- 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 IPO Timetable
| IPO Opening date | 26 July 2024 |
| IPO Closing | 30 July 2024 |
| Basis of Allotment | 31 July 2024 |
| Initiation Refund | 01 August 2024 |
| Credit to Demat Account | 01 August 2024 |
| Listing Date | 02 August 2024 |
S A Tech Software India IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹23.01 Cr – 3,900,000 shares |
| Fresh Issue | ₹23.01 Cr – 3,900,000 shares |
| Offer for sale | – |
| Face value | ₹10 per share |
| Price Band | ₹56 to ₹59 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 284,000 shares |
| Shareholding pre-issue | 9,157,281 |
| Shareholding post-issue | 13,057,281 |
| Listing Exchange | NSE SME |
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 Offer Documents
S A Tech Software India Offer Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,082,000 (27.74%) |
| Market Maker Shares Offered | 284,000 (7.28%) |
| QIB Shares Offered | 724,000 (18.56%) |
| NII (HNI) Shares Offered | 544,000 (13.95%) |
| Retail Shares Offered | 1,266,000 (32.46%) |
| Total Shares Offered | 3,900,000 (100%) |
S A Tech Software India Financial Performance
| FY 2022 | FY 2023 | FY 2024 | Q1 FY 2025 | |
| Revenue | 41.06 | 56.39 | 71.88 | 23.89 |
| Expenses | 48.45 | 54.99 | 67.13 | 20.64 |
| Net income | (5.48) | 1.09 | 3.69 | 2.48 |
S A Tech Software India Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | (6.07) | 1.20 | 4.06 |
| PE ratio | – | – | 13.79 – 14.53 |
| RONW (%) | (82.58) | 14.06 | 31.63 |
| NAV | 7.36 | 8.56 | 12.74 |
| ROCE (%) | (17.35) | 19.66 | 32.24 |
| EBITDA (%) | (9.72) | 9.22 | 12.18 |
| Debt/Equity | 2.95 | 1.89 | 1.10 |
Company Promoters
- SA Technologies Inc., USA, Mr. Manoj Joshi and Mrs. Priyanka Joshi
Promoter Holding
| Pre Issue Share Holding | 79.27% |
| Post Issue Share Holding |
S A Tech Software India Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 1 August 2024 | 75 | – | 1,05,000 |
| 31 July 2024 | 75 | – | 1,05,000 |
| 30 July 2024 | 75 | – | 1,05,000 |
| 29 July 2024 | 70 | – | 97,000 |
| 27 July 2024 | 65 | – | 93,000 |
| 26 July 2024 | 60 | – | 87,000 |
| 25 July 2024 | 55 | – | 85,000 |
| 24 July 2024 | 45 | – | 62,000 |
| 23 July 2024 | 40 | – | 56,000 |
S A Tech Software India Offer Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 7,24,000 | 5,44,000 | 12,66,000 | 25,34,000 |
| 30 Jul 2024 | 201.29 | 1179.50 | 621.77 | 621.37 |
| 29 Jul 2024 | 9.00 | 87.44 | 157.05 | 99.81 |
| 26 Jul 2024 | 4.28 | 15.10 | 21.01 | 14.96 |
S A Tech Software India IPO Allotment Status
S A Tech Software India IPO Listing Details
| Listing Date | 02 August 2024 |
| BSE Scrip Code | |
| NSE Symbol | SATECH |
| ISIN | INE0BSN01013 |
| Final Issue Price | ₹59 per share |
S A Tech Software India IPO Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹59.00 |
| Open | ₹112.10 |
| Low | ₹112.10 |
| High | ₹117.70 |
| Last Trade | ₹117.70 |
S A Tech Software India IPO Lead Manager(s)
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej, Ahmedabad-380 054
Phone:+91 8777564648
Email: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
S A Tech Software India Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
S A Tech Software India Contact Details
SA TECH SOFTWARE INDIA LIMITED
Off No. D-6030, 6th Floor Solitaire Bus.
Hub Viman Nagar, Pune 411014, Maharashtra
Phone: +91 9022909131
E-mail: cs@satincorp.com
Website: www.satincorp.com
S A Tech Software India IPO FAQs
What is SA Tech Software Offer size?
SA Tech offer size is ₹ 21.84 – 23.01 crores.
What is the SA Tech Software IPO price band?
SA Tech public offer price is ₹ 56 – 59 per share.
What is the lot size of the SA Tech Offer?
SA Tech offer a lot size is 2,000 shares.
What is SA Tech IPO GMP today?
SA Tech IPO GMP today is ₹ 75 per share.
What is the SA Tech kostak rate today?
SA Tech kostak rate today is ₹ NA per application.
What is SA Tech Subject to the Sauda rate today?
SA Tech is Subject to the Sauda rate today is ₹ 1,05,000 per application.
Final thoughts
S A Tech Software India IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
