Business Standard

S A Tech Software India Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

23.01 cr

Price Range (₹)

59

Lot Size

2000

Min Investment (₹)

1,18,000.00

Listing Exchange

NSE - SME

Open Date

26-Jul-2024

Close Date

30-Jul-2024

Listing Date

02-Aug-2024

S A Tech Software India Ltd News

    The Shares of S A Tech Software India Ltd have now been listed.

    S A Tech Software India Ltd IPO Details

    Initial public offer of up to 39,00,000 equity shares of face value Rs. 10 each (the Equity Shares) of S A Tech Software India Limited (The Company or the Issuer) for cash at an issue price of Rs. 59 per equity share (including securities premium of Rs. 49 per equity share) (Issue Price), aggregating up to Rs. 23.01 crores (the Issue) of which up to 2,84,000 equity shares aggregating to Rs. 1.68 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of upto 36,16,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 59 per equity share aggregating upto Rs. 21.33 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 29.86% and 27.69% respectively of the post-issue paid-up equity share capital of the company.The face value of the equity shares is Rs. 10/- each. The issue price is 5.9 times with the face value of the equity shares. The anchor investor issue price is Rs. 59 per equity share.

    Objective of issue

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

    S A Tech Software India Ltd Contact Details

    S A Tech Software India Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@satincorp.com

    Website - www.satincorp.com