23-Jul-2024
2 mins read
- S A Tech Software India IPO is a book-built issue of Rs 23.01 crores.
- This upcoming IPO bidding opens on July 26 and closes on July 30, 2024.
- S A Tech Software India SME IPO price is set at Rs 56 - Rs 59 per share.
- The minimum investment required Rs 1,18,000.
S A Tech Software India IPO: Synopsis
S A Tech Software India IPO is open for subscription starting Friday, July 26, 2024, and closing on Tuesday, July 30, 2024. The price of this upcoming IPO is set at Rs 56 - 59 per share.
The minimum lot size set for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares. The minimum investment required for retail category investors is Rs 1,18,000 ( 59 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,36,000 (59 x 4000 shares).
S A Tech Software India IPO is a book-built issue of Rs 23.01 crores. This upcoming IPO is an entirely fresh issue of Rs 39 lakh equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, July 31, 2024.
S A Tech Software India IPO will be listed on NSE SME on Friday, August 2, 2024. GYR Capital Advisors Private Limited is the book-running lead manager, Bigshare Services Private Limited is the registrar.
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S A Tech Software India IPO: About the Company
S A Tech Software India was founded in 2012, is an IT consulting subsidiary of the foreign corporation SA Technologies Inc, USA. They provide application development, mobile app development, cloud infrastructure, software quality assurance, generative AI, machine learning, IoT solutions, data science and analytics.
S A Tech Software India's product and service portfolio includes IT Services, Artificial intelligence, machine learning, data science and analytics, software development, digital transformation and automation, cloud and DevOps services, quality assurance, and testing. According to the latest record, the company has 356 employees.
S A Tech Software India IPO: Objectives
The funds received from this IPO will be used to repay certain company borrowings. Additionally, the funds will be allocated for the company's day-to-day capital needs and general corporate purposes.
S A Tech Software India IPO: Other Important Details
Time-Table of S A Tech Software India IPO
S A Tech Software India IPO: Financial Metrics (Amt in Rs Lakhs)
S A Tech Software India posted revenue of Rs 3,186.27 lakhs and net profit of Rs 264.14 lakhs for the period ending on 30 Sep 2023. The company’s revenue increased by 36.56% but net profit increased by 119.51% between the FY ending on 31 March 2023 and 31 Mar 2022.
Minimum Investment: Lot Size Details
Promoters of S A Tech Software India Limited and Their Holdings
The promoters of S A Tech Software India company are SA Technologies Inc. USA, Mr. Manoj Joshi and Mrs. Priyanka Joshi. The promoters shareholdings before IPO is 79.27% but after IPO the shareholdings details are not available.
S A Tech Software India: Strength of Company
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S A Tech Software India works in the field of generative AI, machine learning, IoT solutions, data science and analytics.
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The company’s net profit shows a massive growth of119%.
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As the artificial intelligence and machine learning market grows, S A Tech Software company’s business is likely to benefit.
FAQs
1. What are the details of the S A Tech Software India IPO?
S A Tech Software India IPO is a book-built issue of Rs 23.01 crores. This upcoming IPO is an entirely fresh issue of Rs 39 lakh equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, July 31, 2024.
2. Who are the lead managers for the S A Tech Software India IPO?
GYR Capital Advisors Private Limited is appointed as the book-running lead manager for the IPO.
3. What is the role of Bigshare Services in this IPO?
Bigshare Services Private Limited is the registrar for S A Tech Software India Limited, handling the IPO's administrative aspects.
4. How can I apply for the S A Tech Software India IPO?
The public subscription of this new IPO will open on July 26, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
The funds received from this IPO will be used to repay certain company borrowings. Additionally, the funds will be allocated for the company's day-to-day capital needs and general corporate purposes.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the S A Tech Software India Limited IPO by visiting here. For further updates follow Bigul.
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