SA Tech Software IPO Details: SA Tech Software IPO is scheduled to open on July 26, 2024, and will close on July 30, 2024. This NSE SME IPO aims to raise ₹23.01 crores. The price band for the SA Tech Software IPO is set between ₹56 and ₹59, with a minimum market lot of 2,000 shares.
SA Tech Software India Limited (SAT), based in Pune and Bengaluru, is an IT consulting subsidiary of SA Technologies Inc., USA. With over a decade of experience serving both global and domestic clients, the company has established a service partnership with its parent company to meet the needs of international clients. SAT offers a wide range of products and digital solutions to a diverse clientele, from small businesses to large enterprises. Leveraging its global presence, SAT integrates teams with varied skills from around the world to tackle complex technological challenges in real-time.
In today’s fast-paced world, characterized by rapid technological advancements and shortened product innovation cycles, SAT’s onshore-offshore service delivery model enables them to effectively meet client needs. The company utilizes its extensive IT expertise to provide value-added services that support digital transformation efforts, including application development, mobile app development, cloud infrastructure, software quality assurance, generative AI, machine learning, IoT solutions, data science, and analytics.
SA Tech Software IPO Objectives:
The company proposes to utilize the Net Proceeds towards funding the following objectives:
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company;
- Funding the working capital requirements of the company; and
- General Corporate Purposes.
SA Tech Software IPO Review (Apply or Not)
- Update soon.
SA Tech Software IPO Date & Price Band Details:
| IPO Open: | July 26, 2024 |
| IPO Close: | July 30, 2024 |
| IPO Size: | Approx ₹23.01 Crores, 3,900,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹56 to ₹59 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
SA Tech Software IPO Lot Size:
The minimum market lot for the SA Tech Software IPO is 2,000 shares, with an application amount of ₹118,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹118,000 |
| Retail Maximum | 1 | 2000 | ₹118,000 |
| S-HNI Minimum | 2 | 4000 | ₹236,000 |
SA Tech Software IPO Timeline:
The SA Tech Software IPO is set to open on July 26, 2024, and close on July 30, 2024. The allotment date is scheduled for July 31, 2024, and the IPO is expected to list on August 2, 2024.
| 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 GMP Today:
The Grey Market Premium (GMP) for the SA Tech Software India SME IPO is ₹51. Given the price band of ₹59.00, the estimated listing price is ₹110 (the cap price plus today’s GMP). This translates to an expected percentage gain of approximately 86.44% per share.
SA Tech Software Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹41.54 | ₹48.45 | ₹5.48 |
| 2023 | ₹56.73 | ₹54.99 | ₹1.09 |
| 2024 | ₹72.38 | ₹67.13 | ₹3.69 |
| June 2024 | ₹23.97 | ₹20.64 | ₹2.48 |
SA Tech Software IPO Valuation – FY2024
Check SA Tech Software IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.06 per Equity Share |
| Price/Earning P/E Ratio: | 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
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
SA Tech Software IPO Allotment Status
Check SA Tech Software IPO allotment status on Bigshare website URL. Click Here
SA Tech Software IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Company Address
SA Tech Software Limited
Off No. D-6030,
6th Floor Solitaire Bus. Hub Viman Nagar,
Pune – 411014
Phone: +91 9022909131
Email: cs@satincorp.com
Website: http://www.satincorp.com/
SA Tech Software IPO FAQs
1. What are the key dates for the SA Tech Software IPO?
- IPO Opening Date: July 26, 2024
- IPO Closing Date: July 30, 2024
- Allotment Date: July 31, 2024
- Expected Listing Date: August 2, 2024
2. What is the price band for the SA Tech Software IPO?
- The price band is set between ₹56 and ₹59 per share.
3. What is the minimum investment required for the SA Tech Software IPO?
- The minimum market lot is 2,000 shares, with an application amount of ₹118,000.
4. What is the Grey Market Premium (GMP) for the IPO?
- As of July 23, 2024, the GMP is ₹51.
5. What is the estimated listing price of the SA Tech Software IPO?
- With the current GMP of ₹51 and the upper price band of ₹59, the estimated listing price is ₹110.
6. What is the expected percentage gain or loss per share?
- The expected percentage gain is approximately 86.44% per share.
7. What is SA Tech Software India Limited?
- SA Tech Software India Limited (SAT) is an IT consulting subsidiary of SA Technologies Inc., USA, with operations in Pune and Bengaluru. The company offers a range of digital solutions and IT services to clients globally.
8. What services does SA Tech Software offer?
- The company provides services including application development, mobile app development, cloud infrastructure, software quality assurance, generative AI, machine learning, IoT solutions, data science, and analytics.
9. How can I apply for the SA Tech Software IPO?
- You can apply for the IPO through your broker or online trading platform using the ASBA (Application Supported by Blocked Amount) process.
10. Where can I find more information about the SA Tech Software IPO?
- For more detailed information, visit the official IPO page on the NSE or consult your financial advisor.
