S A Tech Software IPO and SA Tech Software IPO refer to the same company and can be used interchangeably in the content.
S A Tech Software India Limited is an IT consulting company based in Bengaluru, Pune, that offers a variety of services, such as mobile application and software development, along with AI and ML solutions. Formerly, it was known as SA Technologies. It’s an Indian subsidiary of California-based IT Consulting & Offshore Company. S A Tech Software’s IPO will open on July 26, 2024. The company plans to raise Rs 23.01 crore through a fresh public issue. The IPO issue size is ₹23.01 crore for 39 lakh shares.
SA Tech Software IPO is a book-built issue size of Rs 23.01 crore with fresh issues against 39 lakh shares. The matter is quite fresh and is only a new issue of 39 lakh shares. The pricing for S A Tech Software IPO is ₹56 to ₹59 per share. The lot size of the IPO is 2,000 shares. The minimum investment that a retail investor can make is ₹1,18,000. The minimum lot size investment for HNI is 2 lots (4,000 shares), and the cost of this investment is ₹2,36,000. It will be listed on NSE SME exchange.
Table of Contents
Overview of S A Tech Software India Limited
SA Tech Software India Limited, established in 2012, is an IT consulting company headquartered in Bengaluru and Pune. Formerly, it was known as SA Technologies. It’s an Indian subsidiary of California-based IT Consulting & Offshore Company. It offers a variety of services, such as mobile application and software development, along with AI and ML solutions.
- In November 2022, it collaboration with Google for game developers using Google Cloud to access Super Gaming’s Super Platform game engine.
- As of September 30, 2023, SA Tech Software has 346 employees working in different professional units.
SA Tech Software IPO Details
| IPO Date | July 26, 2024 to July 30, 2024 |
| Listing Date | Friday, August 2, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹59 per share |
| Lot Size | 2000 Shares |
| Overall Subscription | 14.91x |
| Total Issue Size | 3,900,000 shares (aggregating up to ₹23.01 Cr) |
| Fresh Issue | 3,900,000 shares (aggregating up to ₹23.01 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,157,281 |
| Share holding post issue | 13,057,281 |
| Market Maker portion | 284,000 shares |
Important Date For S A Tech Software IPO
All the important dates regarding this IPO are mentioned below. Mark them on your calendar so you don’t miss any events. S A Tech Software’s IPO opening date is Friday, July 25, 2024 & offer will open until Tuesday, July 30, 2024.
| IPO Open Date | Friday, July 26, 2024 |
| IPO Close Date | Tuesday, July 30, 2024 |
| Basis of Allotment | Wednesday, July 31, 2024 |
| Initiation of Refunds | Thursday, August 1, 2024 |
| Credit of Shares to Demat | Thursday, August 1, 2024 |
| Listing Date | Friday, August 2, 2024 |
SA Tech Software IPO GMP Today
On its first day of IPO open SA Tech Software reached 14.91 times of its overall subscriptions. Which indicates a strong position of investors for the IPO. There’s more chances the listing price will gains significantly.
The last updated Grey Market Premium of the S A Tech Software IPO is ₹32. The estimated listing price of the SA Tech Software India is ₹56 to ₹59 per share. This price combines the cap price and today’s GMP. This table shows the SA Tech Software IPO’s GMP trend from the previous days.
The expected listing share price range of SA Tech Software's IPO is ₹59 to ₹87.
- Mangalam Infra IPO: GMP, Price, Listing Date & Review
- Trom IPO GMP Price Today
- Aprameya Engineering IPO: GMP, Price, Date & Review
- VL Infraprojects IPO: GMP, Price, Listing Date & Company Review
| GMP Date | IPO Price | GMP Price |
| July 30, 2024 | ₹56-₹59 | ₹32 |
| July 29, 2024 | ₹56-₹59 | ₹27 |
| July 28, 2024 | ₹56-₹59 | ₹28 |
| July 27, 2024 | ₹56-₹59 | ₹28 |
| July 26, 2024 | ₹56-₹59 | ₹22 |
| July 25, 2024 | ₹56-₹59 | ₹18 |
| July 24, 2024 | ₹56 to ₹59 | ₹16 |
IPO Lot Size & Investor Type
SA Tech Software IPO allows retail investors to apply for a minimum of 1 lot, with each lot consisting of 2,000 shares. The below table represents the future of minimum and maximum investment for retail investors and HNI concerning shares and amounts.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹1,18,000 |
| Retail (Max) | 1 | 2000 | ₹1,18,000 |
| HNI (Min) | 2 | 4,000 | ₹2,36,000 |
| HNI (Max) | 4 | 8000 | ₹4,72,000 |
SA Tech Software India Limited IPO Quota
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Details of the S A Tech Software IPO for The Public
Here are the IPO’s key details for the public.
| Type | Size of the fresh issue | total size of the offer for sale |
| Fresh Issue and Offer for Sale | 39,00,000 shares (aggregating up to ₹23.01 Cr) | ₹23.01 Cr |
S A Tech Software India Limited Contact Details
Off No. D-6030, 6th Floor Solitaire Bus. Hub Viman
Nagar, Pune 411014, Maharashtra, India
Email-id: [email protected]
Tel.: +91 9022909131
Coclusion
SA Tech Software IPO has opportunity with a strong market position, good financials, and growth potential. However, investors should be aware of risks and make investment decision thorough research, considering factors such as the company’s performance, industry, and financial stability.
To get more information and regular GMP updates regarding the S A Tech Software India Ltd. IPO, stay with The Invest Advisory.