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SoftTech Engineers Limited IPO (SoftTech Engineers IPO) Detail

Apr 27, 2018 - May 3, 2018

Incorporated in 1996, Pune based SoftTech Engineers Limited is a software company which caters to the Architecture, Engineering, and Construction ("AEC") verticals.

The Company specializes in developing the product for e-governance and construction ERP products for smart city projects, municipal corporations, urban local bodies, development authorities and work organizations. It also offers 2D and 3D CAD based intelligent and machine learning driven technology which eliminates entire human intervention along with providing Cloud Technology enabled products offered as "SaaS".

Softtech started by launching its first product - STRUDS in the year 1996, which was used for Structural Analysis and Designing. In the year 2000, it launched another product, ESRGSR, which was also used on the same line. STRUDS and ESR GSR were acquired in the year 2011 by CSC (UK) Limited.

The Company also launched two new products viz., PWIMS and AutoDCR which have been the flagship products of the Company since its launch in the year 2004 and 2005 respectively. PWIMS provides a complete online solution to Public Works Department (PWD) for e-procurement and work management. AutoDCR is a software for automation of building permits approvals which is used by the government authorities in scrutinizing and automating the building permits based on the CAD based building plan which works on an online system and environment.

Riding on the success of these products, the Company in the year 2010 launched, OPTICON which caters to the needs of construction contractors and real estate companies by helping them in cost estimating, construction management and overall automation.

Softtech got another VC funding round from Rajasthan Venture Capital Fund in the year 2014 which acquired 26.77% stake in the Company.

The company has 433 employees working at its registered office and other client places.

Company Promoters:

Mr. Vijay Gupta is the sole Promoter of the Company. He holds 36,81,234 Equity Shares in aggregate, which is equivalent to 52.21% of the pre-Offer issued, subscribed and paid-up Equity Share capital of the Company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lacs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 6,033.78 5,722.58 4,008.32 3,429.94 2,012.87
Total Revenue 4,711.63 4,432.53 3,594.36 2,567.60 2,195.63
Profit After Tax 615.96 361.77 212.29 254.14 97.82

Objects of the Issue:

The Objects of the Issue are:

1. Product Development and Enhancement Costs;
2. Funding of the Domestic and International Product Penetration and Marketing Costs;
3. Repayment/ Pre-payment of certain unsecured borrowings availed by the Company; and
4. General corporate purposes.

Issue Detail:

  »»  Issue Open: Apr 27, 2018 - May 3, 2018
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 2,851,200 Equity Shares of Rs 10 aggregating up to Rs 22.81 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 78 - Rs 80 Per Equity Share
  »»  Market Lot: 1600 Shares
  »»  Minimum Order Quantity: 1600 Shares
  »»  Listing At: NSE SME

SoftTech Engineers IPO Reviews / Recommendations:

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SoftTech Engineers IPO Subscription Status / Live Bidding Status

SoftTech Engineers IPO Subscription Status tells if SoftTech Engineers IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. SoftTech Engineers IPO oversubscribed if bids are received for more shares than what is offered by the company.

SoftTech Engineers IPO - How Many Times Subscribed?
Number of Bids Received
As on Date & TimeQIBNIIRIIOthersTotal
Shares Offered / Reserved01,353,6001,353,600144,0002,851,200
Day 1 - Apr 27, 2018 17:00 IST0225,600472,000-697,600
Day 2 - Apr 30, 2018 17:00 IST0225,600472,000-697,600
Day 3 - May 2, 2018 17:00 IST561,600545,6008,112,000-9,219,200
Day 4 - May 3, 2018 17:00 IST2,001,60042,251,20039,169,600-83,422,400

SoftTech Engineers IPO Prospectus

SoftTech Engineers IPO Rating

214
4.1
Rating:Rated 4.1 stars

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SoftTech Engineers IPO Listing Date

  •   ›  Listing Date: Friday, May 11, 2018
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: SOFTTECH
  •   ›  Listing In:
  •   ›  ISIN: INE728Z01015
  •   ›  Issue Price: Rs 80 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

SoftTech Engineers IPO News Alerts

  1. Friday, May 11, 2018 12:00:00 AM
    SoftTech Engineers IPO Listing Date & Info
  2. Thursday, May 10, 2018 12:00:00 AM
    SoftTech Engineers IPO Allotment Status
  3. Thursday, May 3, 2018 12:00:00 AM
    SoftTech Engineers IPO Closes on May 3, 2018
  4. Friday, April 27, 2018 12:00:00 AM
    SoftTech Engineers IPO Opens on Apr 27, 2018

Company Contact Information

SoftTech Engineers Limited
'The Pentagon', Unit No. 5A,
Near Satara Road Telephone Exchange, Shahu College
Parvati, Pune 411009
Phone: +91-020-24218747
Fax: +91-020-24218747
Email: investors@softtech-engr.com
Website: http://www.softtech-engr.com

SoftTech Engineers IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: softtech.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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SoftTech Engineers IPO Review / Comments

avatar
129. anura  May 25, 2018 2:40:49 PM IST I Like It. 1 | Report Abuse Reply
it is already out of t group...which is a plus...and if fundamental holds it will definitely reach three figures...
avatar
128. WAHEGURU  May 10, 2018 9:19:49 PM IST I Like It. | Report Abuse Reply
Umang sir, listing price of softtech and future of this company. Please tell sir,
avatar
128.2. AKMP  May 25, 2018 10:46:33 AM IST I Like It. 1 | Report Abuse
told you so.
there is game going on in sme that there is fixing of ipo with fiis and some fund to shore up qib subscription figures.
looking at fii figures retail investors are lured into ipo on last day.
on listing qib is flipping and retail investor are trapped

TIME TO AVOID ALL SME IPOS
avatar
128.3. black & white hat  May 25, 2018 1:25:20 PM IST I Like It. 1 | Report Abuse
True @AKMP, SME ipos is like 90's main line ipos.....
avatar
127. anura  May 25, 2018 12:28:22 PM IST I Like It. | Report Abuse Reply
SOFTTECH engineers eps is 6 and industry pe is 21 ..even after 20% correction pe would be around 17...so its fair value would be 17*6=102...so mr akmp stop spreding false news and ya punters may bring it down further which if valuation is considered it is must buy...as advised earlier by sec theta
avatar
127.1. AKMP  May 25, 2018 1:05:40 PM IST I Like It. | Report Abuse
GO AND BUY
WISH YOU LUCK AND PROFIT
avatar
126. AKMP  May 25, 2018 10:56:35 AM IST I Like It. | Report Abuse Reply
DONT BUY
WITH 6 RUPEES E.P.S PE OF 8 FOR SME TARGET WORKS OUY TO BE AROUND 50
FAIR PRICE 50
SAFETY MARGIN 20%
SO ENTRY PRICE 35-40
avatar
125. SecTheta  May 23, 2018 10:37:46 PM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Blind buy at this price. It won't go below issue price. Buy it for the target of 20% within a month!
avatar
125.1. AKMP  May 25, 2018 10:47:15 AM IST I Like It. | Report Abuse
DONT BUY
avatar
125.2. AKMP  May 25, 2018 10:47:44 AM IST I Like It. | Report Abuse
DONT BUY
avatar
124. andro  May 22, 2018 2:19:45 PM IST I Like It. | Report Abuse Reply
i dont understand this SME markets. this IPO was oversubscribed 30 times. still no major price movement?
avatar
124.1. COMMONMAN  May 22, 2018 8:01:55 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
If You See Bulk Deals Then All Has Been At 85-89 Range. And They are In quantity
I believe If It will Go above 85 Then These Bulk Buyers Will Dispose off First.
This Might Be Reason For Timebeing Operators are not taking prise above 85
avatar
124.2. COMMONMAN  May 22, 2018 8:34:16 PM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Date      Symbol      Security Name      Client Name      Buy / Sell      Quantity Traded      Trade Price /
Wght. Avg.
Price      Remarks
11-May-2018      SOFTTECH      Softtech Engineer Limited      BHOOTRA DILIP MADANLAL      BUY      49,600      85.00      -
11-May-2018      SOFTTECH      Softtech Engineer Limited      BHUTADA SUNIL MADANLAL      BUY      49,600      85.00      -
11-May-2018      SOFTTECH      Softtech Engineer Limited      ELARA INDIA OPPORTUNITIES FUND LIMITED      SELL      3,47,200      85.76      -
11-May-2018      SOFTTECH      Softtech Engineer Limited      JAIN SANJAY POPATLAL      BUY      99,200      88.00      -
11-May-2018      SOFTTECH      Softtech Engineer Limited      MAHENDRAKUMAR JITMAL BHANSALI      BUY      64,000      86.76      -
11-May-2018      SOFTTECH      Softtech Engineer Limited      NIKESH D PANCHAL      BUY      62,400      88.09      -
11-May-2018      SOFTTECH      Softtech Engineer Limited      NIKESH D PANCHAL      SELL      4,800      85.23      -
11-May-2018      SOFTTECH      Softtech Engineer Limited      SHRIVASTAV UTSAV PRAMODKUMAR      BUY      51,200      85.26      -
11-May-2018      SOFTTECH      Softtech Engineer Limited      VISMAY A SHAH      BUY      60,800      84.93      -
15-May-2018      SOFTTECH      Softtech Engineer Limited      BHUTADA SUNIL MADANLAL      BUY      56,000      89.00      
avatar
123. Chem cho  May 21, 2018 10:06:27 AM IST I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1600+ Posts, 1300+ Likes)
SOLD AT RS 602 - 604
avatar
123.1. Cautious ipo  May 21, 2018 11:06:19 AM IST I Like It. | Report Abuse
In line
avatar
122. SecTheta  May 10, 2018 11:52:42 PM IST I Like It. 3 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
This should be a normal listing and should come closure to the issue price by end of the day. If someone wants to buy then watch carefully and then take a call. Don't be in hurry.
avatar
122.3. SecTheta  May 19, 2018 4:50:51 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
OnePoint one has results on 26th. If results are not bad then it will fly from here.. Softtech will take time in movement.

avatar
122.4. smallTimeInvestor  May 19, 2018 9:03:12 PM IST I Like It. | Report Abuse
Thanks secTheta. Will wait for results.
avatar
121. Mihir Kumar Mishra  May 19, 2018 11:56:35 AM IST I Like It. | Report Abuse Reply
IPOANALYSIS has been correct so far.My worry is reduction in volume in MIDHANI.
avatar
120. aadit  May 17, 2018 8:58:51 AM IST I Like It. | Report Abuse Reply
why i can not trade in softtech any 1 can explain pls ?
avatar
119. aadit  May 16, 2018 2:19:45 PM IST I Like It. | Report Abuse Reply
1 lac sellers ab to sell b nai ho raha
avatar
118. Carn Mohan  May 16, 2018 2:06:47 PM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
92 pay sell kar diya ab bhaad may jai
avatar
117. aadit  May 16, 2018 11:10:53 AM IST I Like It. | Report Abuse Reply
any reason for making lc 5% from last 2 days?
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116. DIPAQ  May 14, 2018 3:41:58 PM IST I Like It. | Report Abuse Reply
It is listed on today or friday 11/05 can not understand
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115. Carn Mohan  May 13, 2018 9:20:47 AM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Retailers nay profit book kar liya
Ab chahay jaha jai
avatar
115.3. COMMONMAN  May 14, 2018 12:54:11 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@Gainer Its Difficult To Predict Operators Move... They Are More Powerful,
So What I Do, Is Keep Trailing Stop Loss and Keep Holding.
On Listing Day My Stop Loss was 80 , to Defend My Cost.
Now As From Today Stop Loss Would Be 85.And Keep Holding.
avatar
115.4. Gainer  May 14, 2018 2:02:57 PM IST I Like It. | Report Abuse
Thank you commonman...thats a good strategy.
avatar
114. aadit  May 14, 2018 11:20:51 AM IST I Like It. | Report Abuse Reply
company achhi he to lc lage ya uc lage kya fark padta he, hold for long term
avatar
113. Small Investor  May 14, 2018 11:15:02 AM IST I Like It. | Report Abuse Reply
lower Circet lg gyi
avatar
112. Umang and his ultrasonic uproar  May 2, 2018 12:22:30 PM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
This message has been removed by a moderator.
avatar
112.13. coolaks  May 11, 2018 10:47:06 AM IST I Like It. | Report Abuse
Umang look at Cadys 20 percent down at 90 rs from 135 rs.Dont think cadys is good lor long term it willl take time.
AKMP , Umang why buy infobean, jash cmmiml rkec. Any views in it. The stock has not rise much in the last 6months.
avatar
112.14. Umang and his ultrasonic uproar  May 11, 2018 7:00:54 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Sold 2 app. Today. Only 1 left.
avatar
111. aadit  May 11, 2018 2:54:40 PM IST I Like It. | Report Abuse Reply
can we hold it for long term?
avatar
110. aadit  May 11, 2018 2:53:56 PM IST I Like It. | Report Abuse Reply
wow great
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