S A Tech Software India Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹80(135.59%)
Premium (ELP)
The public market debut of S A Tech Software India Limited's was completed on Aug 02, 2024 with its listing on the NSE exchange. The IPO process raised 39,00,000 Shares in total capital, consisting of 39,00,000 Shares in new equity.
The offering featured a price range of ₹56 to ₹59 and minimum application size of 2000 shares. Investor response during the subscription period from Jul 26, 2024 to Jul 30, 2024 influenced the final allotment ratios across investor categories.
Final allotment was announced on Jul 31, 2024, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Founded in 2012, S A Tech Software India Limited is the Indian arm of SA Technologies Inc, USA, specializing in IT consulting services. The company offers a wide range of solutions, including app development, cloud services, AI & machine learning, IoT solutions, and data analytics. With 356 employees as of September 30, 2023, they cater to Fortune 500 clients, helping businesses transform digitally, automate processes, and build high-quality software products through their Global Capability Centre (GCC). Their focus is on delivering innovative, tech-driven solutions to help clients create better products and services.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Experienced Leadership: S A Tech Software India Limited is led by a highly experienced promoter and senior management team, bringing deep industry knowledge to guide the company with smart decisions and strategic direction.
- Global Reach: The company serves Fortune 500 clients worldwide, using its strong international presence to deliver top-notch IT consulting services across various markets.
- Flexible Business Model: With a scalable and adaptable business model, S A Tech Software India can quickly expand its operations, keeping up with changing technology and fulfilling diverse client needs with innovation and efficiency.
- Office on Rent Dependency: S A Tech Software India Limited works from rented branch offices, so if they have to leave these offices, it could disturb their business and affect work.
- Legal Compliance Issues: The company hasn't filed some required forms under the Companies Act, which could lead to penalties and harm its reputation.
- Possible Financial Penalties: Not following legal rules might result in fines, which could impact the company's finances and day-to-day operations.
- SA Technologies Inc., USA
- Mr. Manoj Joshi
- Mrs. Priyanka Joshi
S A Tech Software India Limited
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