S A Tech Software India Ltd IPO Timeline

S A Tech Software India Ltd IPO opens on 26-Jul-2024, and closes on 30-Jul-2024. The S A Tech Software India Ltd IPO bid date is from 26-Jul-2024 to 30-Jul-2024. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
S A Tech Software India Ltd IPO Opening Date 26-Jul-2024
S A Tech Software India Ltd IPO Closing Date 30-Jul-2024
Basis of Allotment 31-Jul-2024
Initiation of Refunds 31-Jul-2024
Credit of Shares to Demat 01-Aug-2024
S A Tech Software India Ltd IPO Listing Date 02-Aug-2024

S A Tech Software India Ltd IPO Lot Size

S A Tech Software India Ltd IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or 118000).

Application Lots Shares Amount
Minimum 1 2000 ₹118000
Maximum 1 2000 ₹118000

S A Tech Software India Ltd IPO Details

S A Tech Software India Ltd IPO Date 26-Jul-2024 to 30-Jul-2024
S A Tech Software India Ltd IPO Face Value Shares of ₹10 per share
S A Tech Software India Ltd IPO Price ₹56 to ₹59 per share
S A Tech Software India Ltd IPO Lot Size 2000
Issue Size Shares of ₹10 (aggregating up to ₹23.01 Cr)
Fresh Issue Shares of ₹10 (aggregating up to ₹23.01 Cr)
Offer for Sale -
Issue Type Book Building - SME
Listing At NSE - SME
QIB Shares Offered -
Retail Shares Offered -
NII (HNI) Shares Offered -
Company Promoters SA Technologies Inc, Ritish Sharma, Poonam Sharma.

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • 1 Prepayment or repayment of all or portion of certain outstanding borrowings availed by the company
  • 2 Funding the working capital requirements of the company
  • 3 General corporate purposes

Company Financials

S A Tech Software India Ltd Financial Information (Restated)

Period Ended Total Assets Total Revenue Profit After Tax
03-2024 37.06 72.38 3.69
03-2023 34.66 56.73 1.09
03-2022 32.29 41.54 -5.48
Amount in ₹ Crore
  • Experienced Promoter and Qualified Senior Management Team.
  • Global presence of the Company.
  • Scalable Business Model.
  • Strategy to build capacity and capabilities necessary to develop and increase the value of the business by growth across multiple dimensions, including strengthening its relationships with its existing clients, expansion of its digital engineering and embedded capabilities.
  • Its Customer-Centric Approach.
  • Marque set of clients.
  • Exclusive Agreement for Certain Domains.
  • In-House Expertise/Human Resource - its team comprises of highly skilled professionals with a prudent mix of experienced and young professional with diverse expertise.
  • Its Branch Offices from where the company operate are not owned by it. If the company is required to vacate the same, due to any reason whatsoever, it may adversely affect its business operations.
  • The company has not filed certain forms in the past in compliance with some statutory provisions of the Companies Act and such non-compliance may attract penalties against the company, which could impact its financial position to that extent.
  • The Company, its Directors, its Promoters and Group Companies are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various forums and regulatory authorities. Any adverse decision may make it liable to liabilities /penalties and may adversely affect its reputation, business and financial status.
  • The company has not entered into any long-term contracts with any of its customers and typically operate on the basis of purchase orders, which could adversely impact its revenues and profitability.
  • Its lenders have charge over the company movable, immovable properties in respect of finance availed by it.
  • Its lenders have imposed certain restrictive conditions on it under the company financing arrangements. Its inability to meet the company obligations, including financial and other covenants under its debt financing arrangements could adversely affect its business, financial condition, results of operations and cash flows.
  • The company may be unable to sufficiently obtain, maintain, protect, or enforce its intellectual property and other proprietary rights.
  • Any non-compliance or delays in payment of statutory dues including TDS payment may expose it to penalties from the regulators.
  • The company is required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operate its business, and any delay or inability in obtaining, renewing or maintaining such permits, licenses and approvals could result in an adverse effect on its results of operations.
  • The length of its sales cycle may fluctuate significantly and depends on several external factors which may result in significant fluctuations in its revenues.
  • Any IT system failures or lapses on part of any of its employees may lead to operational interruption, liabilities or reputational harm.
  • Interruptions or performance problems associated with its technology and infrastructure may harm the company business and results of operations.
  • In execution of its projects, the company collect information and data which are highly sensitive with regard to maintenance of secrecy of the projects and its data and information. Any failures on its part to maintain secrecy of its projects, will have an adverse effect on the company results of operations and financial condition.
  • Its may become liable to the company customers and lose customers if the company has defects or disruptions in its service or if the company provide poor service.
  • Its business is dependent on the contractual arrangements entered into by it. Many of its client contracts can be terminated with or without cause by providing notice and without termination- related penalties.
  • The company faces intense competition. If the company is unable to compete effectively, the results of operations and prospects for its business could be harmed.
  • There is no monitoring agency appointed by the Company and deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.
  • Its success depends largely upon the services of the company's Directors, Promoters, other Key Managerial Personnel and Senior Management Personnel and its ability to attract and retain them. Demand for Key Managerial Personnel in the industry is intense and its inability to attract and retain Key Managerial Personnel may affect the operations of the Company.
  • The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the issue. Further the company has not identified any alternate source of financing the `Objects of the Issue`, Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
  • The company has issued Equity Shares at a price below the proposed issue price during the past 1 years prior to the date of filing the Red Herring Prospectus and the average cost of acquisition of Equity Shares by its Promoters is lower than the Issue Price.
  • The Company has availed insurance cover for Employees; however, it may be inadequate to protect it fully from all losses and damages which in turn would adversely affect its financial condition and results of operations.
  • The Company has negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
  • The company has entered into certain related party transactions and may continue to do so.
  • Its may not be successful in implementing the company's business strategies.
  • The company has not entered into any definitive arrangements to utilize certain portions of the Net Proceeds of the Offer. Its funding requirements and proposed deployment of the Net Proceeds are based on management estimates and have not been independently appraised by a bank or a financial institution. Delay in raising funds from the IPO could adversely impact the implementation schedule.
  • Its inability to manage growth could disrupt the company's business and reduce its profitability.
  • Its failures to adapt to technological developments or industry trends could affect the performance and features of its products and services and reduce the company attractiveness to its customers.
  • The impact of the COVID-19 pandemic on its business and operations is uncertain and cannot be predicted.
  • Its business derives a major portion of its revenue from the company users in India & Overseas. The loss of a major customer or a significant reduction and sales of, or demand for its services from the company's major customers, may adversely affect its business, financial condition.
  • Any non-compliance or delays in GST Return Filings may expose it to penalties from the regulators.
  • The company has substantial working capital requirements and may requires additional financing to meet working capital requirements in the future. A failures in obtaining such additional financing at all or on terms favorable to it could have an adverse effect on its results of operations and financial condition.
  • In addition to normal remuneration or benefits and reimbursement of expenses, some of its Directors and key managerial personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
  • The company is exposed to the risk of delays or non-payment by its clients and other counterparties, which may also result in cash flow mismatches.
  • Its actual results could differ from the estimates and projections used to prepare the company financial statements.
  • Its Promoters together with the company's Promoter Group, will continue to retain majority shareholding in the Company after the proposed Initial Public Issue, which will allow them to exercise significant control over it. The company cannot assure you that its Promoters and Promoter Group members will always act in the best interests of the Company.
  • Its ability to pay dividends in the future will depends upon the company future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
  • Any future issuance of Equity Shares may dilute your shareholdings, and sales of the Equity Shares by its major shareholders may adversely affect the trading price of the company Equity Shares.
  • The price of its Equity Shares may be volatile, or an active trading market for the company Equity Shares may not develop.
  • The Issue Price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue and the market price of its Equity Shares may decline below the Issue Price and you may not be able to sell your Equity Shares at or above the Issue Price.
    -

S A Tech Software India Ltd IPO Promoter Holding

Pre Issue Share Holding 98.04%
Post Issue Share Holding 68.75%

S A Tech Software India Ltd IPO Subscription Status (Bidding Detail)

The S A Tech Software India Ltd IPO is subscribed 559 times on Jul 30, 2024 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)

Category QIB NII Retail Employee Total
Subscription (times) - - - - 559

S A Tech Software India Ltd IPO Prospectus

S A Tech Software India Ltd IPO Listing Date

Listing Date 02 Aug 24
BSE Script 93335
NSE Symbol SATECH
Listing In NSE - SME
ISIN INE0BSN01013
IPO Price ₹59
Face Value ₹10

S A Tech Software India Ltd IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91 22 6263 8200
Email: investor@bigshareonline.com
Website: www.bigshareonline.com

S A Tech Software India Ltd IPO Lead Manager(s)

  1. GYR Capital Advisors Pvt Ltd

FAQs on S A Tech Software India Ltd IPO

S A Tech Software India Ltd IPO, which opens for subscription from 26-Jul-2024 to 30-Jul-2024 has an issue size of ₹23.01 crore. The issue type is book building issue.

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for S A Tech Software India Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

S A Tech Software India Ltd IPO Opens for subscription from 26-Jul-2024 to 30-Jul-2024.

The lot size of S A Tech Software India Ltd is 2000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹118000 and ₹118000 respectively.

Allotment date for S A Tech Software India Ltd is 31-Jul-2024 and refund of application amount (in case allotment is not received) will begin from 31-Jul-2024. If your allotment goes through, then shares will be credited in your Demat account by 01-Aug-2024.

The registrar for S A Tech Software India Ltd IPO is Bigshare Services Pvt Ltd . You can check your IPO allotment status on the registrar's website.

The shares of S A Tech Software India Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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