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  1. SA Tech Software India IPO share allotment likely today: Steps to check status on NSE, Bigshare Services

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SA Tech Software India IPO share allotment likely today: Steps to check status on NSE, Bigshare Services

Upstox

3 min read | Updated on July 31, 2024, 16:45 IST

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SUMMARY

SA Tech Software India IPO, a book-building issue worth ₹23.01 crore, was open for subscription from July 26 to July 30. SA Tech Software India shares are tentatively scheduled to be listed on the NSE SME platform on August 2.

SA Tech Software India IPO share allotment likely on Just 31: Steps to check status on NSE, Bigshare Services

SA Tech Software India IPO share allotment likely on Just 31: Steps to check status on NSE, Bigshare Services

The investors who applied for the SA Tech Software India IPO shares are waiting for the allotment status after the subscription period closed on July 30.

SA Tech Software India IPO share allotment status is expected to be finalised by the company on July 31.

The initial public offer of SA Tech Software India closed with strong demand. The issue was subscribed 621.48 times across all categories. The Non-Institutional Investors (NIIs) category was booked 1,179.61 times. The NSE SME issue was booked 621.96 times in the retail category. The Qualified Institutional Buyers booked their category 201.29 times.

SA Tech Software India IPO was a book-building issue worth ₹23.01 crore. The subscription window for the public issue opened on July 26 and closed on July 30. SA Tech Software India shares are likely to list on the NSE SME platform on August 2.

Ahead of the listing, Investors can check the SA Tech Software India IPO share allotment status on the NSE and registrar, Bigshare Services, websites.

Steps to check SA Tech Software India IPO share allotment status on NSE website

Steps to check SA Tech Software India IPO share allotment on BigShare Services

  • Visit the website of the registrar BigShare Services, using this link: https://ipo.bigshareonline.com/ipo_status.html
  • Go to the 'Company Selection' dropdown menu
  • Select ‘SA Tech Software India IPO’ from the menu
  • Select either PAN, beneficiary ID or application number under 'Selection Type',
  • Type in the detail you have selected
  • Fill the captcha and click on the ‘Submit’ button

SA Tech Software India IPO: Offer size, price band and lot size

SA Tech Software India IPO comprised an entirely fresh issue of 39 lakh shares. The IPO price band was fixed at ₹56 to ₹59 per share. The minimum lot size for retail investors was fixed at 2,000 shares, amounting to an investment of ₹1,18,000.

SA Tech Software India IPO objective

The company plans to use the proceeds of the public issue to prepay or repay its outstanding borrowings. The money will also be used to fund the company's working capital requirements and for other general corporate purposes.

About SA Tech Software India

SA Tech Software India Limited is a leading IT consultancy firm and a subsidiary of the United States-based SA Technologies Inc. The company provides services such as mobile app development, cloud infrastructure, software quality assurance, generative AI, machine learning, IoT solutions, data science, and analytics. As of September 30, 2023, the company employed 356 workers.

To know more about IPOs listing, schedule and upcoming IPOs, click here
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About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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