SA Tech Software India Limited (SAT), based in Pune and Bengaluru, is set to launch its Initial Public Offering (IPO) on July 26, 2024. The IPO will be available for subscription until July 30, 2024, with the company aiming to raise approximately ₹23.01 crores. The shares will be listed on the NSE SME platform.
SA Tech Software IPO Review
The SA Tech Software IPO presents an intriguing opportunity for investors interested in the IT consulting sector. With a well-established presence both domestically and internationally, the company’s global reach and diverse service offerings could appeal to a wide range of investors. Here’s a comprehensive look at the IPO details:
SA Tech Software IPO Date & Price Band Details
- IPO Open Date: July 26, 2024
- IPO Close Date: July 30, 2024
- IPO Size: Approximately ₹23.01 Crores (3,900,000 Equity Shares)
- Face Value: ₹10 per Equity Share
- Price Band: ₹56 to ₹59 per Equity Share
- Listing On: NSE SME
Investor Quotas:
- Retail Investors: 35% of the net offer
- Qualified Institutional Buyers (QIBs): 50% of the net offer
- Non-Institutional Investors (NIIs): 15% of the net offer
SA Tech Software IPO Market Lot
- Minimum Market Lot: 2000 shares
- Application Amount: ₹118,000
Application Details:
- Retail Minimum: 1 lot (2000 shares, ₹118,000)
- Retail Maximum: 1 lot (2000 shares, ₹118,000)
- S-HNI Minimum: 2 lots (4000 shares, ₹236,000)
SA Tech Software IPO Dates
- IPO Open Date: July 26, 2024
- IPO Close Date: July 30, 2024
- Basis of Allotment: July 31, 2024
- Refunds: August 1, 2024
- Credit to Demat Account: August 1, 2024
- IPO Listing Date: August 2, 2024
SA Tech Software IPO Form
To apply for the SA Tech Software IPO, investors can use the ASBA (Application Supported by Blocked Amount) option available through their bank accounts. Alternatively, investors can download and submit the IPO forms from the NSE website.
SA Tech Software Company Financial Report
Financial Performance:
- 2022: Revenue ₹41.54 Crores, Expense ₹48.45 Crores, PAT ₹5.48 Crores
- 2023: Revenue ₹56.73 Crores, Expense ₹54.99 Crores, PAT ₹1.09 Crores
- 2024: Revenue ₹72.38 Crores, Expense ₹67.13 Crores, PAT ₹3.69 Crores
- June 2024: Revenue ₹23.97 Crores, Expense ₹20.64 Crores, PAT ₹2.48 Crores
SA Tech Software IPO Valuation – FY2024
- Earning Per Share (EPS): ₹4.06
- Price/Earnings (P/E) Ratio: Not Available (NA)
- Return on Net Worth (RoNW): 31.63%
- Net Asset Value (NAV): ₹12.74 per Equity Share
Peer Group
- ASM Technologies Limited
- Moschip Technologies Ltd
- Infobeans Technologies Ltd
- Onward Technologies Ltd
- 3i Infotech Ltd
Company Promoters
- SA Technologies Inc., USA
- Mr. Manoj Joshi
- Mrs. Priyanka Joshi
SA Tech Software IPO Registrar
- Name: Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: Bigshare Services
SA Tech Software IPO Allotment Status
Investors can check the allotment status on the Bigshare Services website.
SA Tech Software IPO Lead Managers (Merchant Bankers)
- Company: GYR Capital Advisors Private Limited
Company Address
- Address: Off No. D-6030, 6th Floor Solitaire Bus. Hub Viman Nagar, Pune – 411014
- Phone: +91 9022909131
- Email: cs@satincorp.com
- Website: SA Tech Software
SA Tech Software IPO FAQs
What is SA Tech Software IPO?
The SA Tech Software IPO is an NSE SME offering aimed at raising ₹23.01 crores, priced between ₹56 and ₹59 per equity share.
When will the SA Tech Software IPO open?
The IPO will open on July 26, 2024.
What is the investor portion for the SA Tech Software IPO?
- QIBs: 50%
- NIIs: 15%
- Retail Investors: 35%
How to apply for the SA Tech Software IPO?
Apply via ASBA through your bank account or download and submit IPO forms from the NSE website.
How to apply through Zerodha, Upstox, or Paytm Money?
Log in to your account on the respective platform, select the IPO, enter your details, and approve the mandate through your UPI app.
What is the minimum and maximum lot size?
The lot size is 2000 shares, costing ₹118,000.
When is the allotment and listing date?
Allotment is on July 31, 2024, and listing is on August 2, 2024.
For further updates and details, please visit the IPO grey market page for daily updates on SA Tech Software’s performance.
