Business Standard

Softtech Engineers Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

22.81 cr

Price Range (₹)

80

Lot Size

1600

Min Investment (₹)

1,28,000.00

Listing Exchange

NSE - SME

Open Date

27-Apr-2018

Close Date

03-May-2018

Listing Date

11-May-2018

Softtech Engineers Ltd News

    The Shares of Softtech Engineers Ltd have now been listed.

    Softtech Engineers Ltd IPO Details

    Initial public offer of upto 28,51,200* equity shares of face value of Rs. 10/- each (equity shares) of Softtech Engineers Limited (company or issuer) for cash at a price of Rs. 80 per equity share (including a share premium of Rs. 70 per equity share) aggregating Rs. 22.81 crores** (the offer) comprising of a fresh issue of 23,71,200 equity shares aggregating Rs. 18.97 crores by the company (fresh issue) and an offer for sale of 4,80,000 equity shares by Rajasthan Trustee Company Private Limited A/c SME Tech Fund RVCF Trust II (referred to as the selling shareholder) aggregating 3.84 crores by the selling shareholder (offer for sale). The offer comprises of 1,44,000 equity shares of face value Rs. 10/- each for cash at a price of Rs. 80 per equity share, aggregating Rs. 1.15 crores which will be reserved for subscription by the market maker to the offer (the market maker reservation portion). The offer less market maker reservation portion i.e. Offer of 27,07,200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 80 per equity share, aggregating Rs. 21.66 is hereinafter refered to as the net offer. The offer and the net offer will constitute 30.26% and 28.73%, respectively of the post offer paid up equity share capital of the company.The face value of equity share is Rs.10 each.The Offer Price is Rs.80 and is 8 times the face value of the equity shares.

    Objective of issue

    Product Development and Enhancement costs. Funding of the domestic and international product penetration and marketing costs. Repayment/ Pre-payment of certain unsecured borrowings availed by the company. General corporate purposes.

    Softtech Engineers Ltd Contact Details

    Softtech Engineers Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - investors@sofltech-engr.Com

    Website - www.sofltech-engr.com