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