IPO Details
Bidding Dates
26 Jul '24 - 30 Jul '24
Minimum Investment
₹1,18,000 / 1 Lot (2,000 Shares)
Price Range
₹56 - ₹59
Maximum Investment
₹1,18,000 / 1 Lot (2,000 Shares)
Retail Discount
To be announced
Issue Size
₹23.01 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Jul 26, 2024
IPO Close Date
Jul 30, 2024
Basis of Allotment
Jul 31, 2024
Initiation of Refunds
Aug 1, 2024
Credit of Shares to Demat
Aug 1, 2024
Listing Date
Aug 2, 2024
Cut-off time for UPI mandate confirmation
Jul 30, 2024
About S A Tech Software India Limited
Founded in 2012, SA Tech Software India Limited is an IT consulting subsidiary of SA Technologies Inc., USA. The company specialises in application development, mobile app development, cloud infrastructure, software quality assurance, generative AI, machine learning, IoT solutions, data science, and analytics.
SA Tech Software India's extensive product and service portfolio includes a wide range of IT services aimed at enhancing digital transformation for Fortune 500 clients. Their offerings encompass artificial intelligence and machine learning, data science and analytics, software development and engineering, digital transformation and automation, cloud and DevOps services, and quality assurance and testing. The company also operates a Global Capability Centre (GCC), providing end-to-end technology solutions that help clients conceptualise, design, develop, and deliver superior products.
With a robust focus on innovation and quality, SA Tech Software India Limited leverages advanced technologies to drive business growth and operational efficiency. As of September 30, 2023, the company employed 356 professionals dedicated to delivering exceptional IT services and digital transformation solutions.
Industry Outlook:
- The Indian IT industry’s revenue surged to US$ 227 billion in FY22, marking a 15.5% YoY growth, with projections reaching US$ 245 billion in FY23.
- IT Outsourcing leads the IT Services market with an estimated market volume of US$460.10 billion in 2023, and a projected CAGR of 7.37% through 2028.
S A Tech Software India Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- 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
Peer Details
The companies considered by S A Tech Software India as its peers include:
- ASM Technologies Limited
- Moschip Technologies Limited
- Infobeans Technologies Limited
- Onward Technologies Limited
- 3i Infotech Limited
How to Check the Allotment Status of the S A Tech Software India Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.
Contact Details of S A Tech Software India Limited IPO
- Registered office: Off No. D-6030, 6th Floor Solitaire Bus. Hub Viman Nagar, Pune 411014, Maharashtra, India
- Phone: +91 9022909131
- E-mail: cs@satincorp.com
IPO Financials
| Particulars | 6 Months period ended September 30, 2023 | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|---|
| Revenue From Operations (in ₹ lakh) | 3,154.83 | 5,639.31 | 4,106.11 | 5,436.88 |
| Profit After Tax (PAT) (in ₹ lakh) | 264.14 | 107.19 | (549.50) | 79.47 |
| Cash & Cash Equivalents (in ₹ lakh) | 164.08 | 610.79 | 121.88 | 131.23 |
| Net Worth (in ₹ lakh) | 1,031.89 | 767.76 | 660.57 | 1,210.07 |
| Debt to Equity Ratio(x) | 1.53 | 1.90 | 2.97 | 1.24 |
| Return on Average Equity (%) | 29.35% | 15.01% | -58.75% | 6.74% |
| Return on Capital Employed (RoCE) (%) | 44.02% | 57.21% | -68.82% | 19.71% |
| Earning Per Share (EPS)-in absolute ₹ | 61.45 | 24.94 | (127.85) | 18.49 |
Know before investing
Strengths
6-
Experienced leadership with 20+ years in the industry.
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Promoters' expertise in AI, ML, and IoT drives innovation.
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A scalable business model with proprietary, cloud-native designs.
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Strategic partnerships with Microsoft and Google for cutting-edge solutions.
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Top 10 clients contribute 74% revenue in Fiscal 2023.
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Global presence with major clients in USA and Canada.
Risks
8-
Non-owned branch offices may disrupt business operations if vacated.
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Past non-filing of statutory forms may attract financial penalties.
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Outstanding legal proceedings could impact business and finances.
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No long-term customer contracts could affect revenue stability.
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Secured loans of ₹1,095.62 lakh risk property forfeiture.
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Restrictive lender conditions could affect business operations and cash flow.
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Pending trademark registrations may lead to unauthorised use.
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Delays in statutory payments could lead to penalties and fines.
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S A Tech Software India IPO FAQs
S A Tech Software India Limited IPO is a book-built IPO. The IPO will be open from July 26, 2024, to July 30, 2024.
The Basis of Allotment will happen on Wednesday, July 31, 2024.
The IPO subscription window will open on July 26, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 2,000 shares.
The listing date for S A Tech Software India is Friday, August 2, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
You can submit only one application using your PAN card.
