S A Tech Software India’s IPO is a book-built issue valued at Rs 23.01 crores, comprising an entirely fresh issue of 39 lakh shares.
S A Tech Software India’s IPO opens for subscription on July 26, 2024, and closes on July 30, 2024. The allotment for the IPO is expected to be finalized on Wednesday, July 31, 2024. The IPO will list on NSE SME with a tentative listing date set for Friday, August 2, 2024.
The IPO price band is set at ₹56 to ₹59 per share. The minimum application lot size is 2000 shares, requiring a minimum investment of ₹118,000 for retail investors. The minimum lot size investment for HNIs is 2 lots (4,000 shares), amounting to ₹236,000.
- Book Running Lead Manager of S A Tech IPO – GYR Capital Advisors Private Limited
- Registrar for the issue – Bigshare Services Pvt. Ltd.
- Market Maker for S A Tech Software Ltd India – Giriraj Stock Broking
Below are the details of S A Tech Software India IPO 2024 Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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S A Tech Software India IPO 2024 Details
| Attribute | Shareholding pre-issue |
|---|---|
| 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 post issue | 9,157,281 |
| Share holding post issue | 13,057,281 |
| Market Maker portion | 284,000 shares Giriraj Stock Broking |
S A Tech India IPO Timeline
| Events | Timeline |
|---|---|
| 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 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 IPO 2024 Reservation
| 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 IPO Anchor Investors
| Details | Timeline |
|---|---|
| Bid Date | July 25, 2024 |
| Shares Offered | 1,082,000 |
| Anchor Portion Size (In Cr.) | 6.38 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 30, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 29, 2024 |
S A Tech Software India IPO Promoters
S A Technologies Inc., USA, Mr. Manoj Joshi & Mrs. Priyanka Joshi are the company’s promoters.
S A Tech Software India Ltd. Restated Financial Information
The revenue of the company increased by 27.59% and profit after tax increased by 266.7%.
| Period Ended | 30 Jun 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 |
S A Tech Software India Ltd. (STSIL), based in Pune and Bengaluru, is an AI-driven IT consulting subsidiary of SA Technologies Inc., USA. It offers scalable IT outsourcing solutions and Global Development Centers (GDCs) that enhance business agility and efficiency.
Services include application development, mobile apps, cloud infrastructure, and AI-driven solutions. CMMI-certified, it employs 385 staff as of June 2024. The company is launching an IPO of 39 lakh shares to raise Rs. 23.01 crores, with a price band of Rs. 56-59 per share. The IPO opens on July 26, 2024, and will list on NSE SME.
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