SA Tech Software India was incorporated on November 01, 2012. It is an AI-driven IT consulting company, offering scalable IT outsourcing solutions and Global Development Centers (GDCs) that enhance business agility and efficiency.
| Bidding Dates |
|---|
| 26 Jul 2024 - 30 Jul 2024 |
| Subscription |
|---|
| 558.85x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,12,000 | 1 | 1 | 2000 | 3.9 M | ₹56 - ₹59 | 69.45 % | ₹218.4 M - ₹230.1 M | RHP DOC |
S A Tech Software IPO SUBSCRIPTION STATUS
30 Jul '24S A Tech Software IPO overall subscription rate was 558.85 times the total available shares
S A Tech Software IPO retail subscription rate was 798.34 times in the retail segment
S A Tech Software IPO non-institutional investor subscription rate was 1518.12 times in the non-institutional investor category
S A Tech Software IPO Qualified Institutional Bidder subscription rate was 103.43 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
30 Jul 2024 (Day 3) | 798.34x | 1518.12x | 103.43x |
29 Jul 2024 (Day 2) | 201.58x | 112.54x | 4.63x |
26 Jul 2024 (Day 1) | 26.97x | 19.43x | 2.2x |
S A Tech Software FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY25 | 24.8 | 238.9 | -41.6 | -58.6 | 17.3% |
| FY24 | 36.9 | 718.8 | 6.1 | -10.8 | 12.2% |
| FY23 | 10.9 | 563.9 | 133.5 | 123.5 | 9.2% |
S A Tech Software IPO SUBSCRIPTION STATUS DETAILS
S A Tech Software had 3.9 M shares on offer
S A Tech Software IPO offer price was in the range ₹56 - ₹59
S A Tech Software IPO minimum Investment was ₹112000
S A Tech Software IPO issue size was ₹ 218.4 M - ₹ 230.1 M
S A Tech Software had a minimum lot size of 2000 Shares per application
S A Tech Software NUMBER OF SHARES ON OFFER
S A Tech Software IPO IMPORTANT DATES
| Issue Open Date | 26 Jul 2024 |
| Issue close Date | 30 Jul 2024 |
| Allotment Date | 31 Jul 2024 |
| Refund Date | 31 Jul 2024 |
| Demat Account Credit Date | 01 Aug 2024 |
| Listing Date | 02 Aug 2024 |
| Listing on Exchange(s) | NSE |
| S A Tech Software Allotment Status | Exchange |
S A Tech Software IPO subscription opened on 26 Jul 2024, and closed on 30 Jul 2024
IPO allotment for S A Tech Software was finalized on Wednesday, 31 Jul 2024
IPO listing for S A Tech Software was on NSE on Friday, 02 Aug 2024
S A Tech Software IPO LISTING GAINS
| Issue Price (adjusted) | 59.0 |
| Listing Open Price | 112.1 |
| Listing Close Price | 117.7 |
| Listing Gain% | 90.0% |
| Current Gain% | -45.1% |
S A Tech Software Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| S A Tech Software India Ltd. | 32.4 | 42.3 | 20.1 | 0.4 | 5 | 2.5 | 113.8 | 2.1 | 1.6 | ||||
| Tata Consultancy Services Ltd. | 2452.7 | 887408.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1175.1 | 476862.2 | 15.7 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1356.6 | 368135.8 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 187.5 | 185737.1 | 14.1 | -7.8 | 2 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1635 | 160243.9 | 31.2 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
S A Tech Software INFORMATION ON IPO ISSUE
About S A Tech Software
SA Tech Software India was incorporated on November 01, 2012. It is an AI-driven IT consulting company, offering scalable IT outsourcing solutions and Global Development Centers (GDCs) that enhance business agility and efficiency.
Object of the Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
- Funding the working capital requirements
- General corporate purposes
S A Tech Software - PROMOTERS
| Name |
|---|
| SA Technologies Inc., USA |
| Mr. Manoj Joshi |
| Mrs. Priyanka Joshi |
| Mindpool Technologies Limited |
| Mr. Ritesh Sharma |
| Mrs. Poonam Sharma |
S A Tech Software Lead Manager of the Issue
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
S A Tech Software Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
S A Tech Software Strengths
Scalable business model
The proprietary designs are cloud-native which, in addition to technological benefits, are capable of catering to the evolving needs of clients.
Marque set of clients
The company has a diversified global presence across the USA and Canada. It has long-term relations with big clients such as Dell, ABB Global Industries, and Applied Materials
Exclusive agreements
The company is empaneled with tech giants such as Microsoft and Google and has entered into collaboration agreements for certain domains with them, providing a competitive advantage
S A Tech Software Risks
Highly competitive industry
The company operates in an intensely competitive industry that experiences rapid technological developments, changes in industry standards, and customer requirements
Dependence on contractual arrangements
The company enters into contracts with its clients which impose several contractual obligations. An inability to meet these obligations may lead to legal liabilities
IPO FAQs
The promoters of the company are SA Technologies Inc., USA, Mr. Manoj Joshi, Mrs. Priyanka Joshi, Mindpool Technologies Limited, Mr. Ritesh Sharma and Mrs. Poonam Sharma.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 56.0 - 59.0.
The IPO application opens on Jul 26, 2024 and closes on Jul 30, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 112,000.0, the maximum value for this IPO is Rs 118,000.0.
This IPO will be allotted on Jul 31, 2024.
The refund will be credited to your account on Jul 31, 2024.
The allotted shares will be credited to your demat on Aug 01, 2024.
SA Tech Software India Ltd.’s shares listed on the stock exchanges on Aug 02, 2024.