August 2, 2024
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S A Tech Software India IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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S A Tech Software India IPO listing Review
The scrip is listed at Rs. 112.90, at listing cap of 90%. Because of the listing cap, the listing primafacie appears to be below the expectations of the grey market.
S A Tech Software India IPO allotment Link
What is the latest grey market premium of S A Tech Software India IPO?
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Subscription status of S A Tech Software India IPO
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Price Rs. 59 Lot 2000 shares, Rs. 21.33 Crore |
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| QIB | NII X | RII X | Total X | Applications |
| 201.29 | 1178.97 | 621.77 | 621.25 | 3,93,580 (621.77x) |
| Amount wise bids recd. Rs.13251.26 Crore | ||||
| Note: Excellent subscription trend | ||||
What is the business of S A Tech Software India?
S A Tech Software India Limited, based in Pune and Bengaluru, operates as an IT consulting subsidiary of SA Technologies Inc., USA. Founded by Mr. Manoj Joshi and Ms. Priyanka Joshi, seasoned IT professionals with over two decades of experience, the company has been serving a diverse clientele globally and domestically for more than ten years. It has established a strong service partnership with its parent company to meet the needs of international clients, ranging from small businesses to large enterprises, offering a wide array of digital solutions.
With a global footprint, SAT Software India leverages the expertise of diverse teams across different regions to collaborate seamlessly and tackle complex technological challenges in real time. In an increasingly intricate world with compressed product innovation cycles and rapid technological advancements, its onshore-offshore service delivery model is designed to effectively address its clients’ evolving needs. It harnesses its profound knowledge of Information Technology to deliver high-value services that support digital transformation initiatives, including application development, mobile app development, cloud infrastructure, software quality assurance, AI, machine learning, IoT solutions, and data analytics.
Its core business revolves around providing outsourced technological services and facilitating digital transformation for Fortune 500 clients. It maintains strategic partnerships with major tech giants like Microsoft and Google, underscoring its industry expertise, experience, and commitment.
Get more information about the company @ http://www.satincorp.com/
S A Tech Software India IPO Details |
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| IPO opens on | 26 July 2024 |
| IPO closes on | 30 July 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3900000 Shares / Rs 23.01 Crore |
| * Fresh Issue | 3900000 Shares / Rs 23.01 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 284000 Shares |
| Net offer to Public | 3616000 Shares/ Rs.21.33 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.56-59 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 1808000 | 10.67 |
| NII (15%) | 542400 | 3.20 |
| RII (35%) | 1265600 | 7.46 |
| Total Shares | 3616000 | 21.33 |
| Retail portion will be oversubscribed by | 633 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.118000 |
| Min HNI Application | 4000 Shares | Rs.236000 |
Who are the Promoters of S A Tech Software India IPO?
SA Technologies Inc., USA, Mr. Manoj Joshi and Mrs. Priyanka Joshi are the company’s promoters.
What are the Objects of S A Tech Software India IPO?
The Offer comprises of only fresh issue of shares.
The objectives of the Offer are to:
1.Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company;
2.Funding the working capital requirements of the company; and
3.General Corporate Purposes.
Tentative timetable |
|
| IPO opens on | 26 July 2024 |
| IPO Closes on | 30 July 2024 |
| IPO Allotment on | 31 July 2024 |
| Refund Initiation | 1 August 2024 |
| Credit of Shares | 1 August 2024 |
| Listing on | 2 August 2024 |
| Registered Office of the Company S A Tech Software India Limited Off No. D-6030, 6th Floor Solitaire Bus. Hub Viman Nagar, Pune – 411014 |
| Who is the Lead Manager of this IPO? GYR Capital Advisors Private Limited |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
S A Tech Software India IPO Financial & Analytical Ratios |
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| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2021-22 | 41.54 | -5.50 | -6.09 | -83 |
| 2022-23 | 56.73 | 1.07 | 1.19 | 14 |
| 2023-24 | 72.38 | 3.69 | 4.03 | – |
|
Book Value of the |
Rs 15.45 | |||
| BV of the Share at cap price | after the IPO | Rs. | ||
| Offer Price/upper band | Rs. 59 | |||
IPO
|
|
| Price/last EPS of 23-24 | 14.65 |
| Price/BV Ratio | 3.82 |
| Upper price/BV after IPO | – |
How S A Tech Software India IPO compares with the Peers?
There is no listing company having such type of business.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| S A Tech Software | 10 | 56.73 | 14.65 |
| ASM Technologies | 10 | 149.63 | 55.14 |
| Moschip Technologies | 2 | 175.66 | 165.18 |
| Infobeans Technologies | 10 | 248.35 | 30.34 |
| Onward Technologies | 10 | 324.62 | 55.77 |
| 3i Infotech | 10 | 391.20 | 343.13 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
S A Tech Software India IPO GMP grey market premium, review, Subscription, allotment, listing
S A Tech Software India IPO Review
S A Tech Software India Limited, based in Pune and Bengaluru, operates as an IT consulting subsidiary of SA Technologies Inc., USA. Founded by Mr. Manoj Joshi and Ms. Priyanka Joshi, seasoned IT professionals with over two decades of experience, the company has been serving a diverse clientele globally and domestically for more than ten years. It has established a strong service partnership with its parent company to meet the needs of international clients, ranging from small businesses to large enterprises, offering a wide array of digital solutions.
Size: Net size of the IPO is Rs. 21.33 crore, which is not very large, compared to other SME IPOs. The retail portion is Rs. 7.46 Crore and NII portion is Rs.3.20 Crore. Huge oversubscription is possible.
Financial Snapshot: The company has shown steady growth in its topline and bottom-line during last 2 years, prior to the IPO. The shares are offered at attractive valuation of 14.65 based on EPS for the full year 2023-24. The track record of GYR Capital is also good.
+ from fundamental angle: Apply.
+ from grey market angle: Apply
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S A Tech Software India IPO FAQs
What is S A Tech Software India IPO?
This is a SME IPO of 3900000 equity shares of the face value of Rs. 10 aggregating up to Rs.23.01 Crores. The issue is priced at Rs.56-59 per share. The minimum order quantity is 2000 Shares.
When will S A Tech Software India IPO subscription open?
The IPO opens on July 26, 2024, and closes on July 30, 2024.
What is the lot size of S A Tech Software India IPO?
The IPO lot size is 2000 Shares, and the minimum amount required is Rs.118000
How to apply for S A Tech Software India IPO?
You can apply in this IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is S A Tech Software India IPO allotment?
The finalization of Basis of Allotment for this IPO will be done on 31 July, 2024, and the allotted shares will be credited to your demat account by August 01, 2024.
When is S A Tech IPO listing date?
This IPO listing date is August 02, 2024.
