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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.

SoftTech Engineers IPO Details
Issue OpenApr 27, 2018 - May 3, 2018
Issue TypeBook Built Issue IPO
Issue Size2,851,200 Eq Shares of Rs 10
(aggregating up to Rs 22.81 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 78 - Rs 80 Per Equity Share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtNSE SME

SoftTech Engineers IPO Subscription Status (Live)

SoftTech Engineers IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

1,353,600

1,353,600

2,707,200

May 3, 2018 17:00

31.21x

28.94x

30.82x

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

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
NSE SME
Issue Price:Rs 80.00
Open:Rs 72.50
Low:Rs 72.00
High:Rs 73.00
Last Trade:Rs 72.00
Volume:17,600

SoftTech Engineers IPO Reviews / Ratings

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
154. Small Investor  Jul 10, 2018 15:56 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
book loss rs 43500 in this stock

very sad
avatar
154.4. COMMONMAN  Jul 11, 2018 17:09 I Like It. 1 | Report Abuse
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
avatar
154.5. black & white hat  Jul 12, 2018 10:35 I Like It. | Report Abuse
@Umang and coolaks. Sarvesvar might affected due to US-Iran conflict as India reduced import oil from Iran due to US pressure.
avatar
153. Carn Mohan  Jul 11, 2018 19:57 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Today 50.5 my target near 45
avatar
152. Carn Mohan  Jun 27, 2018 21:05 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Sold at ₹92 on listing again buy target ₹ 45
avatar
152.1. COMMONMAN  Jun 27, 2018 23:13 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Tomm Keep For Buy@ 45/- Hopefully You will Get Delivery.
avatar
151. Small Investor  Jun 21, 2018 15:57 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
new order m aakr retailers trapped ho gya do't now buy and sell if you have this stock

sell call
avatar
150. Small Investor  Jun 21, 2018 15:56 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
next target of softtech now reach aroun 45-50 in 5-10 days

sell sell

i also sold my 1 lot today @ 61
avatar
149. Small Investor  Jun 19, 2018 17:13 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
sir i hold one lot @ 58 leval can i sell it on bounce or Hold
avatar
149.3. Small Investor  Jun 20, 2018 16:28 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
But phir se 57-58 aa gya ye share
avatar
149.4. Small Investor  Jun 20, 2018 16:29 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
today i bough one lot of Soswal seeds @ 27.4
avatar
148. COMMONMAN  Jun 20, 2018 13:54 I Like It. | Report Abuse
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.
avatar
147. anura  Jun 19, 2018 22:18 I Like It. 1 | Report Abuse
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..
avatar
147.1. COMMONMAN  Jun 19, 2018 22:56 I Like It. 1 | Report Abuse
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.
avatar
146. anura  Jun 19, 2018 22:16 I Like It. | Report Abuse
when are they posting results????
avatar
145. SecTheta  Jun 18, 2018 20:26 I Like It. 1 | Report Abuse
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..
avatar
145.3. COMMONMAN  Jun 19, 2018 00:25 I Like It. 1 | Report Abuse
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.
avatar
145.4. SecTheta  Jun 19, 2018 08:54 I Like It. | Report Abuse
Be + my friend. Jaisa ghusa hai waise bhag bhi sakta hai :)
avatar
144. anura  Jun 18, 2018 15:45 I Like It. 1 | Report Abuse
https://www.nseindia.com/sme/marketinfo/corporates/announcements/announcementDetails.jsp?seqId=3367

8 cr contract awarded by BMC ( brihanmumbai municipal cooperation)
avatar
144.1. COMMONMAN  Jun 18, 2018 16:33 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
That is Great News !!! Upward Movement Should Start..
avatar
144.2. SecTheta  Jun 18, 2018 20:24 I Like It. | Report Abuse
Big positive... It should be a good trigger for the most awaited bull run...
avatar
143. Small Investor  Jun 14, 2018 13:01 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
why soft tech down today
avatar
142. Carn Mohan  Jun 11, 2018 11:30 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Already sold at 92.40 and again buy if available near 45
avatar
141. anura  Jun 8, 2018 16:54 I Like It. | Report Abuse
100% delivery for last two days
avatar
141.1. COMMONMAN  Jun 9, 2018 12:14 I Like It. | Report Abuse
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.
avatar
140. anura  Jun 8, 2018 16:57 I Like It. | Report Abuse
i also advice you to stop putting your bid to sell
avatar
139. anura  Jun 8, 2018 16:54 I Like It. | Report Abuse
for last two days delivery percentage is 1005 which is a good sign...just hold on for a month..dont book loss.
avatar
138. COMMONMAN  Jun 6, 2018 23:25 I Like It. 3 | Report Abuse
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.
avatar
137. anura  Jun 5, 2018 11:20 I Like It. | Report Abuse
all software firms are tradind above p/e of 20...so just be patient..i just did my reseach on some of the peers
avatar
137.1. Small Investor  Jul 11, 2018 12:16 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
sir ab is stock pr kya view h aapka company dub gyi ya waps jump kregi
avatar
136. SecTheta  Jun 5, 2018 11:13 I Like It. | Report Abuse
Can't say anything in this market Bhai.. buy right and hold tight!! :)
avatar
135. SecTheta  May 29, 2018 08:53 I Like It. 1 | Report Abuse
Sharp upmove is expected soon...keep this in Radar..
avatar
135.6. Small Investor  Jun 1, 2018 13:44 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ 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

avatar
135.7. anura  Jun 5, 2018 11:03 I Like It. | Report Abuse
when do you expect it to reach three figures
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