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SoftTech Engineers IPO is a book built issue of Rs 22.81 crores.
SoftTech Engineers IPO bidding started from April 27, 2018 and ended on May 3, 2018. The shares got listed on NSE SME on May 11, 2018.
SoftTech Engineers IPO price band is set at ₹78 to ₹80 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹128,000.
Pantomath Capital Advisors Pvt Ltd and Small Industries Development Bank Of India (Sidbi) are the book running lead managers of the SoftTech Engineers IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to SoftTech Engineers IPO RHP for detailed information.
IPO Date | April 27, 2018 to May 3, 2018 |
Listing Date | May 11, 2018 |
Face Value | ₹10 per share |
Price Band | ₹78 to ₹80 per share |
Lot Size | 1600 Shares |
Total Issue Size | 2,851,200 shares (aggregating up to ₹22.81 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 7,051,276 |
Share holding post issue | 9,422,476 |
Market Maker portion | 144,000 shares |
SoftTech Engineers IPO offers 2,995,200 shares. 1,353,600 (45.19%) to NII, 1,353,600 (45.19%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 144,000 (4.81%) |
NII (HNI) Shares Offered | 1,353,600 (45.19%) |
Retail Shares Offered | 1,353,600 (45.19%) | Other Shares Offered | 144,000 (4.81%) |
Total Shares Offered | 2,995,200 (100%) |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1600 | ₹128,000 |
Retail (Max) | 1 | 1600 | ₹128,000 |
Lot Size Calculator |
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.
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 |
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.
[Dilip Davda]
Investment for short to long term may be considered in this reasonably priced issue.
Read detail review...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)
Category | Subscription (times) |
---|---|
NII | 31.21 |
Retail | 28.94 |
Total | 30.82 |
Listing Date | May 11, 2018 |
BSE Script Code | |
NSE Symbol | SOFTTECH |
ISIN | INE728Z01015 |
Final Issue Price | ₹80 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
NSE SME |
---|
₹80.00 |
₹72.50 |
₹72.00 |
₹73.00 |
₹72.00 |
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
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: softtech.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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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 April 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 April 27, 2018 and closes on May 3, 2018.
SoftTech Engineers IPO lot size is 1600 Shares, and the minimum amount required is ₹128,000.
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, Nuvama, 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.
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IPO Guru (2200+ Posts, 1100+ Likes)
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