S A Tech Software India is scheduled to hit the market on July 26, 2024 and close on July 30, 2024. S A Tech Software India plans to raise around ₹23.01 Cr through an IPO with a sale of up to 3,900,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
S A Tech Software India Limited, founded in 2012, operates as an IT consulting subsidiary of SA Technologies Inc, USA. The company specializes in various technology services, including application development, mobile app development, cloud infrastructure, software quality assurance, generative AI, machine learning, IoT solutions, and data science and analytics. S A Tech Software India focuses on delivering digital transformation services to Fortune 500 clients, assisting them in conceptualizing, designing, developing, and delivering improved products.
The company's diverse portfolio encompasses several key areas of expertise. These include artificial intelligence and machine learning, software development and engineering, digital transformation and automation, cloud and DevOps services, as well as quality assurance and testing. As of September 30, 2023, S A Tech Software India had a workforce of 356 employees dedicated to driving innovation and excellence in technology solutions.
S A Tech Software India IPO Details
S A Tech Software India IPO opens on July 26, 2024, and closes on July 30 2024. The Listing date for S A Tech Software India IPO is on August 02, 2024. The price band for IPO is ₹56 to ₹59 per share and lot size of 2000 Shares.
| IPO Date | July 26, 2024 to July 30, 2024 |
| Listing Date | August 02, 2024 |
| Price | ₹56 to ₹59 per share |
| Lot Size | 2000 Shares |
| Issue Size | ₹23.01 Cr |
| Face Value | ₹10 per share |
S A Tech Software India IPO Tentative Timetable
S A Tech Software India opening date is July 26, 2024 and close date is July 30, 2024. The IPO allotment date is July 31, 2024. The refund initiation of IPO is on August 01, 2024. The credit of shares in demat account is on August 01, 2024. The listing date is on August 02, 2024.
| Event | Date |
|---|---|
| IPO Opening | July 26, 2024 |
| IPO Closing | July 30, 2024 |
| IPO Allotment Date | July 31, 2024 |
| Refund Initiation | August 01, 2024 |
| Shares Credit to Demat | August 01, 2024 |
| Lisiting Date | August 02, 2024 |
S A Tech Software India IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹118,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2000 | ₹118,000 |
| Retail(Maximum) | 1 | 2000 | ₹118,000 |
| HNI (Minimum) | 2 | 4000 | ₹236,000 |
S A Tech Software India IPO Promoter Holding
| Pre Issue Share Holding | 79.27% |
| Post Issue Share Holding |
S A Tech Software India IPO Review
S A Tech Software India Ltd. (STSIL) is a prominent IT consulting subsidiary of SA Technologies Inc., USA, with operations centered in Pune and Bengaluru. Founded in 2012, the company leverages artificial intelligence (AI) and offers scalable IT outsourcing solutions and Global Development Centers (GDCs). These GDCs enhance business agility and efficiency, supporting a wide array of IT services such as application development, mobile app development, cloud infrastructure, software quality assurance, generative AI, machine learning, IoT solutions, data science, and analytics. Catering to both global and domestic markets, STSIL has established a strong reputation through its service partnership with its parent company, enabling it to serve a diverse portfolio of clients, from small businesses to large enterprises, with innovative and cost-effective digital solutions.
Financially, S A Tech Software India Ltd. has shown a notable improvement in recent years. For the fiscal year ending March 31, 2024, the company reported a revenue of ₹72.38 crore, a significant increase from ₹56.73 crore in the previous fiscal year, alongside a profit after tax (PAT) of ₹3.69 crore, up from ₹1.09 crore. This financial growth is further underscored by its performance in Q1 FY25, where it achieved a PAT of ₹2.48 crore on a revenue of ₹23.97 crore. The company aims to capitalize on this momentum with an initial public offering (IPO) of 3.9 million equity shares, priced between ₹56 and ₹59 per share, intending to raise approximately ₹23.01 crore. The proceeds will be utilized for the repayment of certain borrowings, working capital requirements, and general corporate purposes. Post-IPO, the company’s paid-up capital will increase to ₹13.06 crore, with shares expected to be listed on the NSE SME Emerge platform.
STSIL's strategic focus on AI-driven IT consulting and its robust association with a US-based parent company positions it well in the competitive IT services sector. The company’s CMMI Level 5 certification highlights its commitment to service excellence and process improvement. Despite historical inconsistencies in financial performance, the company's recent growth trajectory and future earnings projections make the IPO appear attractively priced. For well-informed investors, the medium to long-term potential of S A Tech Software India Ltd. presents a compelling case for investment, especially considering its strategic capabilities in digital transformation and global market reach. The prudent use of IPO proceeds for debt reduction and working capital enhancement is likely to bolster its financial stability and operational capacity, supporting sustained growth and profitability.
S A Tech Software India IPO Subscription Status (Bidding Details)
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S A Tech Software India IPO FAQs
What is S A Tech Software India IPO?
S A Tech Software India is issuing 3,900,000 equity shares with a face value of ₹10 each, totaling up to ₹23.01 Cr. The shares are being offered at a price of ₹56 to ₹59 each, with a minimum order quantity of 2000 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When S A Tech Software India IPO will open?
S A Tech Software India will open on July 26, 2024 for QIB, NII, and Retail Investors.
When S A Tech Software India IPO will end?
S A Tech Software India will end on July 30, 2024.
What is S A Tech Software India IPO Size?
S A Tech Software India IPO size is ₹23.01 Cr.
What is S A Tech Software India IPO Price Band?
S A Tech Software India price band is ₹56 to ₹59 per share.
What is the S A Tech Software India IPO Allotment Date?
S A Tech Software India allotment date is July 31, 2024.
What is the S A Tech Software India IPO Listing Date?
S A Tech Software India listing date is August 02, 2024. The IPO is to be listed on BSE and NSE.
How to S A Tech Software India IPO through Zerodha?
To apply for the IPO “S A Tech Software India” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply S A Tech Software India IPO through Upstox?
To apply for the IPO “S A Tech Software India” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check S A Tech Software India IPO Allotment Status?
For S A Tech Software India IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is S A Tech Software India IPO GMP?
You can check out here: S A Tech Software India IPO GMP