S A Tech Software India Limited was founded in 2012 and is an IT consulting subsidiary of the foreign corporation SA Technologies Inc, USA.
The company provides application development, mobile app development, cloud infrastructure, software quality assurance, generative AI, machine learning, IoT solutions, data science and analytics.
The product and services portfolio of S A Tech Software India includes:
- IT Services: The company provides technology services and digital transformation services to Fortune 500 clients, helping them conceptualize, design, develop and deliver better products. These include 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).
- Artificial intelligence (AI) and machine learning (ML)
- Data science and analytics
- Software development and engineering
- Digital transformation and automation
- Cloud and DevOps services
- Quality assurance and testing
As of September 30, 2023, the company had 356 employees.
| Purpose | Amount (₹ Cr) |
|---|---|
| Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company; | — |
| Funding the working capital requirements of the company; and | — |
| General Corporate Purposes. | — |
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 4,703 | 3,706 | 3,466 |
| Revenue | 2,397 | 7,238 | 5,673 |
| PAT | 248 | 369 | 101 |
| Net Worth | 1,414 | 1,166 | 772 |
| Reserves | 499 | 251 | 730 |
| Total Borrowing | 2,105 | 1,288 | 1,459 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 1,806,000 (46%) | — |
| NII / HNI | — | 544,000 (14%) | — |
| Retail (RII) | — | 1,266,000 (32%) | — |
| Market Maker | — | 284,000 (7%) | — |
| Total | — | 3,900,000 (100%) | — |
* Amount calculated at upper price band (₹59) · ** Total includes all investor categories
- 1 Initiation of Refund 01 Aug 2024
- 2 Credit of Shares to Demat 01 Aug 2024
- Retail allocation is good at 32% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 46%.
- The IPO P/E of 8x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹4 compares to post-issue EPS of ₹8 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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