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S A Tech Software India Limited

SME

Issue Price

₹56- ₹59

per equity share

Issue Size

39 lakhs

equity share

Face Value

₹ 10

per equity share

Market Lot

2000

equity share

Please note

Listing at NSE

S A Tech Software India Limited

Important Dates

IPO Open Date

26 Jul 2024

IPO Close Date

30 Jul 2024

Allotment Date

31 Jul 2024

Initiation of Refunds

01 Aug 2024

Credit of Shares to Demat Account

01 Aug 2024

IPO Listing Date

02 Aug 2024

UPI Mandate Expiry Date

30 Jul 2024

IPO Details

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.

About S A Tech Software India Limited

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. 

Parent Organisation

-

Founded

2012

Managing Director

Mr. Manoj Joshi and Mrs. Priyanka Joshi

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.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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