IPO Details
Bidding Dates
26 Jul 24 - 30 Jul 24
Price Range ₹
56 - 59
Total Equity
₹ 23.01Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
26 Jul 2024
Offer end
30 Jul 2024
Allotment
31 Jul 2024
Refund initiation
01 Aug 2024
Demat transfer
01 Aug 2024
Listing
02 Aug 2024
Offer start
26 Jul 2024
Offer end
30 Jul 2024
Allotment
31 Jul 2024
Refund initiation
01 Aug 2024
Demat transfer
01 Aug 2024
Listing
02 Aug 2024
About Company
Founded in 2012, S A Tech Software India Limited is an IT consulting subsidiary of SA Technologies Inc., USA. The company offers a wide range of services including application development, mobile app development, cloud infrastructure, software quality assurance, generative AI, machine learning, IoT solutions, data science, and analytics. S A Tech Software India's product and service portfolio includes: 1. IT Services: The company provides technology services and digital transformation services to Fortune 500 clients, aiding them in conceptualizing, designing, developing, and delivering superior products. These services encompass artificial intelligence and machine learning, software development and engineering, digital transformation and automation, cloud and DevOps services, quality assurance and testing, and the Global Capability Centre (GCC). 2. Artificial Intelligence (AI) and Machine Learning (ML) 3. Data Science and Analytics 4. Software Development and Engineering 5. Digital Transformation and Automation 6. Cloud and DevOps Services 7. Quality Assurance and Testing As of September 30, 2023, the company employed 356 individuals.
Year Founded
01-11-2012
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 79.27 | 0 |
| Share Capital | 7258776 | 7258776 |
Offer to Public
39,00,000.00 Cr
Project Details
- Funding the working capital requirements of our company - 108cr
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our - 98.65cr
Objectives
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our company
- Funding the working capital requirements of our company
- andGeneral Corporate Purposes
Highlights
- Collaboration agreements with tech giants like Microsoft and Google position the company as a reputable player in the industry.
- The company has demonstrated strong financial performance, with consistent revenue growth over the past three years.
- Serving Fortune 500 companies and other prominent clients reflects the company's ability to deliver quality services and maintain strong business relationships.
- Leveraging the networks of its parent and group companies, S A Tech Software has a solid and diversified presence in key markets like the USA and Canada.
- Catering to well-known names such as Dell-EMC, Applied Materials, Société Générale, Whirlpool, and Roche enhances the company's credibility and market position.
Challenges
- Involvement in various legal proceedings with uncertain outcomes could negatively impact the company's business operations and reputation.
- The company has a history of negative cash flows, which, if repeated, could be detrimental to its operational stability and financial health.
- The company's indebtedness of Rs 21.05 crore as of June 30, 2024, poses a risk if it fails to service or repay these loans, potentially affecting its future prospects.
- Operating on a purchase order basis without long-term contracts with customers increases revenue volatility and could adversely affect profitability.
- A high reliance on the top 10 customers for a significant portion of revenue increases vulnerability to any slowdown in business from these clients, which could hurt the company’s operations.
