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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 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.

SoftTech Engineers IPO Details

SoftTech Engineers IPO Date Apr 27, 2018 to May 3, 2018
SoftTech Engineers IPO Face Value ₹10 per share
SoftTech Engineers IPO Price ₹78 to ₹80 per share
SoftTech Engineers IPO Lot Size 1600 Shares
Issue Size2,851,200 shares of ₹10
(aggregating up to ₹22.81 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
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.

SoftTech Engineers IPO Lot Size

The SoftTech Engineers IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹128,000).

Application Lots Shares Amount
Retail (Min) 1 1600 ₹128,000
Retail (Max) 1 1600 ₹128,000

SoftTech Engineers IPO Review

Investment for short to long term may be considered in this reasonably priced issue.

Read detail review...


SoftTech Engineers IPO Subscription Status (Bidding Detail)

The SoftTech Engineers IPO is subscribed 30.82 times on May 3, 2018 5:00:00 PM. The public issue subscribed 28.94 times in the retail category, times in the QIB category, and 31.21 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII31.21
Retail28.94
Total30.82

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
IPO Price ₹80 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹80.00
Open: ₹72.50
Low: ₹72.00
High: ₹73.00
Last Trade: ₹72.00

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
Email: investors@softtech-engr.com
Website: http://www.softtech-engr.com

SoftTech Engineers IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: softtech.ipo@linkintime.co.in
Website: https://linkintime.co.in/

SoftTech Engineers IPO Review

SoftTech Engineers IPO Recommendation Summary

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Members 0 0 0

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SoftTech Engineers IPO FAQs

SoftTech Engineers IPO is a SME IPO of 2,851,200 equity shares of the face value of ₹10 aggregating up to ₹22.81 Crores. The issue is priced at ₹78 to ₹80 per share. The minimum order quantity is 1600 Shares.

The IPO opens on Apr 27, 2018, and closes on May 3, 2018.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The SoftTech Engineers IPO opens on Apr 27, 2018 and closes on May 3, 2018.

SoftTech Engineers IPO lot size is 1600 Shares and the minimum order quantity is .

You can apply in SoftTech Engineers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for SoftTech Engineers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the SoftTech Engineers IPO allotment status.

The SoftTech Engineers IPO listing date is on Friday, May 11, 2018.
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SoftTech Engineers IPO Message Board

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288 Comments

154. Small Investor |   Link |Jul 10, 2018 3:56:52 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
book loss rs 43500 in this stock

very sad
154.4. COMMONMAN |   Link |Jul 11, 2018 5:09:21 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Small Investor when you know that this stock is Manipulated and being brought down everyday then why you are entering again and again ????


59. Small Investor Jun 21, 2018 3:56:12 PM
SoftTech Engineers Limited IPO

next target of softtech now reach aroun 45-50 in 5-10 days

sell sell

i also sold my 1 lot today @ 61

55.2. Small Investor Jun 20, 2018 4:27:23 PM
SoftTech Engineers Limited IPO

SIR I SELL ALREADY OF FIRST LOT @ 84.20 LEVAL AT 67 ( LOSS OF 17*1600 )

AFTER I BOUGHT @ 58
154.5. black & white hat |   Link |Jul 12, 2018 10:35:50 AM
@Umang and coolaks. Sarvesvar might affected due to US-Iran conflict as India reduced import oil from Iran due to US pressure.
153. Carn Mohan |   Link |Jul 11, 2018 7:57:58 PM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
Today 50.5 my target near 45
152. Carn Mohan |   Link |Jun 27, 2018 9:05:27 PM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
Sold at Rs 92 on listing again buy target Rs 45
152.1. COMMONMAN |   Link |Jun 27, 2018 11:13:39 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Tomm Keep For Buy@ 45/- Hopefully You will Get Delivery.
151. Small Investor |   Link |Jun 21, 2018 3:57:32 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
new order m aakr retailers trapped ho gya do't now buy and sell if you have this stock

sell call
150. Small Investor |   Link |Jun 21, 2018 3:56:12 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
next target of softtech now reach aroun 45-50 in 5-10 days

sell sell

i also sold my 1 lot today @ 61
149. Small Investor |   Link |Jun 19, 2018 5:13:55 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
sir i hold one lot @ 58 leval can i sell it on bounce or Hold
149.3. Small Investor |   Link |Jun 20, 2018 4:28:05 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
But phir se 57-58 aa gya ye share
149.4. Small Investor |   Link |Jun 20, 2018 4:29:01 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
today i bough one lot of Soswal seeds @ 27.4
148. COMMONMAN |   Link |Jun 20, 2018 1:54:47 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Best Strategy Will Be Instead Of Awaiting For Stock To Go Up.
Keep For Buying At 20% Down At LC.
How Many time Operator will sell at LC.
147. anura |   Link |Jun 19, 2018 10:18:59 PM
i havee seen that lot of sme have u shape graph spreading a year...so it will take time to get to 80..or some other magical news..
147.1. COMMONMAN |   Link |Jun 19, 2018 10:56:11 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Today Operator Offloaded , Was Seller between 62-68 which he Accumulated Between 56-60.
New Rii Who Purchased On News Of Order got trapped.
146. anura |   Link |Jun 19, 2018 10:16:59 PM
when are they posting results????
145. SecTheta |   Link |Jun 18, 2018 8:26:27 PM
Big of this order news, operators dragged the price to the current levels so that they can grab as much as they can.. I think now it should start bull run from here.. don't sell tomorrow... Keep holding for 100+ levels..
145.3. COMMONMAN |   Link |Jun 19, 2018 12:25:42 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Ya but Looks Upside of Max 10-15% which Will Be Still Far From Our Cost Prise... Now We Are Forecfully Long Term Investor.
145.4. SecTheta |   Link |Jun 19, 2018 8:54:49 AM
Be + my friend. Jaisa ghusa hai waise bhag bhi sakta hai :)
144. anura |   Link |Jun 18, 2018 3:45:03 PM
https://www.nseindia.com/sme/marketinfo/corporates/announcements/announcementDetails.jsp?seqId=3367

8 cr contract awarded by BMC ( brihanmumbai municipal cooperation)
144.1. COMMONMAN |   Link |Jun 18, 2018 4:33:01 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
That is Great News !!! Upward Movement Should Start..
144.2. SecTheta |   Link |Jun 18, 2018 8:24:06 PM
Big positive... It should be a good trigger for the most awaited bull run...
143. Small Investor |   Link |Jun 14, 2018 1:01:21 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
why soft tech down today
142. Carn Mohan |   Link |Jun 11, 2018 11:30:40 AM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
Already sold at 92.40 and again buy if available near 45
141. anura |   Link |Jun 8, 2018 4:54:36 PM
100% delivery for last two days
141.1. COMMONMAN |   Link |Jun 9, 2018 12:14:06 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
100% Delivery because Operator is selling and operator is buying. No outiser is buying see vloume which is very less. This will stick in this range of 65-73. Will Take time.
Even if it crosses 70++ Then also buyer (operator) will keep for buy @ 65-67 Only.
140. anura |   Link |Jun 8, 2018 4:57:08 PM
i also advice you to stop putting your bid to sell
139. anura |   Link |Jun 8, 2018 4:54:13 PM
for last two days delivery percentage is 1005 which is a good sign...just hold on for a month..dont book loss.
138. COMMONMAN |   Link |Jun 6, 2018 11:25:18 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Dear Promoter / Operator / LM

Right Now Although You Are Accumulating Shares @ Lower Prise ,
Normal RII Like Me Who Invested in Your company Are In loss , But No Issues . I Learnt My lessons But Will Make Difficult For LM To Get His Future sme To Get Fully Subscribed. Will Post On All Sme page.
I Have courage to make Loss So Facing It, But Do you Have Courage To Bring Back To Its Ipo Prise.
137. anura |   Link |Jun 5, 2018 11:20:20 AM
all software firms are tradind above p/e of 20...so just be patient..i just did my reseach on some of the peers
137.1. Small Investor |   Link |Jul 11, 2018 12:16:21 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
sir ab is stock pr kya view h aapka company dub gyi ya waps jump kregi
136. SecTheta |   Link |Jun 5, 2018 11:13:36 AM
Can't say anything in this market Bhai.. buy right and hold tight!! :)
135. SecTheta |   Link |May 29, 2018 8:53:14 AM
Sharp upmove is expected soon...keep this in Radar..
135.6. Small Investor |   Link |Jun 1, 2018 1:44:52 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
sir i have
1 lot of Akshar Allotment @ 40
1 of Innovators buy on listing @ 72
1 of E2E @ 71
1 of Soft tech @ 84.2

pls give advise to me regarding above stock and long term period is More the 20-25 days Only

135.7. anura |   Link |Jun 5, 2018 11:03:54 AM
when do you expect it to reach three figures