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S A Tech IPO
Price Band
₹56.0–59.0
Issue Size
₹23.01 Cr
Lot Size
2,000 shares
Min Investment
₹118,000
GMP
+₹80.0 (135.59%)
Issue Price
₹59.0
Subject to Sauda
₹121600
Paid only if allotted
S A Tech IPO AI Summary
- S A Tech IPO is listed on NSE SME in the Computers - Software & Consulting sector.
- Price band: ₹56.0–₹59.0 per share, lot size 2,000 shares (min. investment ₹118,000).
- Subscription window: 26 Jul–30 Jul 2024, listing on 02 Aug 2024.
- Current GMP is +₹80.0 (135.59%), an estimated listing price of ₹139 — unofficial and can change daily.
S A Tech Software India Limited is an IT consulting firm with a focus on digital transformation and advanced technology solutions. The company is looking to raise funds through its IPO to enhance its financial position and support growth initiatives.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
S A Tech IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 30 Jul 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
S A Tech IPO Grey Market Premium (GMP) Today
GMP
+₹80.0
GMP %
+135.59%
Est. Listing
₹139.0
Updated: 25 Jul 2026 14:04
About the Company
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.
Company Financials (₹ Cr)
As of 2024-06-30
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 47.03 | 37.06 | 34.66 | 32.29 |
| Total Income | 23.97 | 72.38 | 56.73 | 41.54 |
| Profit After Tax | 2.48 | 3.69 | 1.01 | -5.48 |
| NET Worth | 14.14 | 11.66 | 7.72 | 6.64 |
| Reserves and Surplus | 4.99 | 2.51 | 7.30 | 6.21 |
| Total Borrowing | 21.05 | 12.88 | 14.59 | 19.59 |
Key Ratios
EPS
₹4.03
NAV
₹15.45
ROCE
10.95%
RoNW
17.54%
P/B Value
3.82
P/E Ratio
14.65
Market Cap
₹77.04 Cr
PAT Margin
10.38%
Debt/Equity
1.49
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| 3i Infotech Limited | 38.16 | 0.21% | 343.13 | 3.1 | 3.05 |
| Onward Technologies Ltd. | 77.94 | 6.6% | 55.77 | 7.34 | 7.16 |
| Infobeans Technologies Limited | 111.98 | 13.24% | 30.34 | 15.18 | 15.09 |
| Moschip Technologies Ltd | 6.8 | 5.46% | 165.18 | 0.32 | 0.3 |
| Asm Technologies Ltd. | 67.05 | 13.31% | 55.14 | 15.06 | 15.06 |
| S A Tech Software India Limited This IPO | 178.63 | 13.96% | 50.4 | 1.19 | 1.19 |
Promoters
SA Technologies Inc, USA, Manoj Joshi and Priyanka Joshi
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company; 9.18 2 Funding the working capital requirements of the company; and 10.80 3 General Corporate Purposes 1.38
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹41.54 Cr in the year ending 31 Mar 2022, rising to ₹56.73 Cr by 31 Mar 2023, and further increasing to ₹72.38 Cr in the year ending 31 Mar 2024. However, the most recent figure of ₹23.97 Cr as of 30 Jun 2024 is a 9-month figure and not a full year, so it isn't directly comparable.
Profit Trend
Profit After Tax was a loss of ₹5.48 Cr in the year ending 31 Mar 2022, which improved to a profit of ₹1.01 Cr by 31 Mar 2023. This further increased to ₹3.69 Cr in the year ending 31 Mar 2024, and the most recent figure as of 30 Jun 2024 is ₹2.48 Cr, though this is a 9-month figure and not a full year, so it isn't directly comparable.
Valuation
Priced at roughly 50.4 trailing earnings at the issue price, versus peers trading at a P/E range of 30.34 to 343.13.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the potential listing price of an IPO. It reflects the demand for the shares before they are officially listed on the stock exchange. A higher GMP suggests strong demand, while a lower GMP indicates weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, as they can be subject to significant price fluctuations and uncertainties in the early trading period.
IPO Timeline, Explained
The IPO process involves several key dates: the opening date for subscription, the closing date, the allotment date, and the listing date. These dates are important for investors to track their investments and understand when they will receive shares.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make on the first day of trading if the stock price rises above the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall stock performance.
This evaluation is generated from S A Tech's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is S A Tech IPO GMP today?
S A Tech IPO GMP today is +₹80.0 (135.59%), indicating an estimated listing price of ₹139. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of S A Tech IPO?
The price band of S A Tech IPO is ₹56.0–₹59.0 per share.
When does S A Tech IPO open and close?
S A Tech IPO opens on 26 July 2024 and closes on 30 July 2024.
When does S A Tech IPO list on the stock exchange?
S A Tech IPO listed on 02 August 2024 at ₹139.0.
What is the lot size for S A Tech IPO?
The lot size for S A Tech IPO is 2000 shares, requiring a minimum investment of ₹118,000.
What is the lot size for this IPO?
The lot size for S A Tech's IPO is 2000 shares.
What is the minimum investment required?
The minimum investment required is ₹118,000.
What is the price band for the IPO?
The price band for the IPO is ₹56.0 to ₹59.0.
When is the listing date for the IPO?
The listing date for the IPO is August 2, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected listing price of the shares based on demand in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
26 Jul 2024
Close
30 Jul 2024
Allotment
31 Jul 2024
Listing
02 Aug 2024
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