S A Tech Software India IPO Subscription Status
swati_rathod
Sat, 07/27/2024 – 01:42
S A Tech Software India IPO: Day-1 Subscription at 15.32 Times
S A Tech Software India IPO will close on 30 July. Shares of S A Tech Software India are likely to be listed on 2 August. Shares of S A Tech Software India will make trading debut on NSE SME platform.
On 26 July 2024, S A Tech Software India IPO received bids for 3,88,20,000 shares much more than the 25,34,000 shares available. This means that the S A Tech Software India IPO was oversubscribed by 15.32 times by the end of Day 1.
Here are the subscription details for S A Tech Software India IPO as of Day 1:
Employees (N.A.)
QIBs (4.28X)
HNI / NII (15.21X)
Retail (21.68X)
Total (15.32X)
S A Tech Software India IPO subscription was mainly driven by retail investors on day 1, followed by High NetWorth Individuals and Non-Institutional Investors (NIIs), with Qualified Institutional Buyers (QIBs) showing less interest on day 1. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO.
QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.
Here are the subscription details for S A Tech Software India IPO as of Day 1:
Investor Category
Subscription (times)
Shares Offered
Shares Bid For
Total Amount (₹ in Crore)
Anchor Investors
1.00
10,82,000
10,82,000
6.384
QIB Investors
4.28
7,24,000
30,96,000
18.266
HNIs / NIIs
15.21
5,44,000
82,76,000
48.828
Retail Investors
21.68
12,66,000
2,74,48,000
161.943
Total
15.32
25,34,000
3,88,20,000
229.038
On Day 1, S A Tech Software India IPO was subscribed 15.32 times. Qualified Institutional Buyers (QIBs) did not show much interest on Day 1, with a subscription rate of 4.28 times. HNIs / NIIs portion subscribed 15.21 times, while Retail Investors subscribed 21.68 times. Overall, S A Tech Software India IPO was subscribed 15.32 times.
S A Tech Software India IPO will close on 30 July. Shares of S A Tech Software India are likely to be listed on 2 August 2024. The shares will make their trading debut on the NSE SME platform.
QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.
About S A Tech Software India
S A Tech Software India Limited, founded in 2012, is a subsidiary of SA Technologies Inc, USA. The company specializes in IT consulting and offers a range of services including application and mobile app development, cloud infrastructure, and software quality assurance. They also work in advanced areas like generative AI, machine learning, IoT solutions, and data science.
Their services focus on helping Fortune 500 companies with technology and digital transformation. Its products and services include AI and machine learning, software development, digital automation, cloud services, and quality testing. They also run a Global Capability Centre (GCC) to support these offerings.
Highlights of S A Tech Software India IPO
IPO price band: ₹56 to ₹59 per share
Minimum application lot size: 2000 shares
Minimum investment for retail investors: ₹118,000
Minimum investment for High Net-worth Investors (HNI): 2 lots (4000 shares), ₹236,000
Registrar: Bigshare Services Pvt Ltd
S A tech utilize the net proceeds towards Repaying or reducing a portion of its existing borrowings,supporting the company’s working capital needs and covering general corporate expenses.
News
Sat, 07/27/2024 – 01:47
S A Tech Software India IPO Subscription Status
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
S A Tech Software India IPO Subscription Status
swati_rathod
Sat, 07/27/2024 – 01:42
Tanushree Jaiswal
S A Tech Software India IPO: Day-1 Subscription at 15.32 Times
S A Tech Software India IPO will close on 30 July. Shares of S A Tech Software India are likely to be listed on 2 August. Shares of S A Tech Software India will make trading debut on NSE SME platform.
On 26 July 2024, S A Tech Software India IPO received bids for 3,88,20,000 shares much more than the 25,34,000 shares available. This means that the S A Tech Software India IPO was oversubscribed by 15.32 times by the end of Day 1.
Here are the subscription details for S A Tech Software India IPO as of Day 1:
Employees (N.A.)
QIBs (4.28X)
HNI / NII (15.21X)
Retail (21.68X)
Total (15.32X)
S A Tech Software India IPO subscription was mainly driven by retail investors on day 1, followed by High NetWorth Individuals and Non-Institutional Investors (NIIs), with Qualified Institutional Buyers (QIBs) showing less interest on day 1. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO.
QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.
Here are the subscription details for S A Tech Software India IPO as of Day 1:
Investor Category
Subscription (times)
Shares Offered
Shares Bid For
Total Amount (₹ in Crore)
Anchor Investors
1.00
10,82,000
10,82,000
6.384
QIB Investors
4.28
7,24,000
30,96,000
18.266
HNIs / NIIs
15.21
5,44,000
82,76,000
48.828
Retail Investors
21.68
12,66,000
2,74,48,000
161.943
Total
15.32
25,34,000
3,88,20,000
229.038
On Day 1, S A Tech Software India IPO was subscribed 15.32 times. Qualified Institutional Buyers (QIBs) did not show much interest on Day 1, with a subscription rate of 4.28 times. HNIs / NIIs portion subscribed 15.21 times, while Retail Investors subscribed 21.68 times. Overall, S A Tech Software India IPO was subscribed 15.32 times.
S A Tech Software India IPO will close on 30 July. Shares of S A Tech Software India are likely to be listed on 2 August 2024. The shares will make their trading debut on the NSE SME platform.
QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.
About S A Tech Software India
S A Tech Software India Limited, founded in 2012, is a subsidiary of SA Technologies Inc, USA. The company specializes in IT consulting and offers a range of services including application and mobile app development, cloud infrastructure, and software quality assurance. They also work in advanced areas like generative AI, machine learning, IoT solutions, and data science.
Their services focus on helping Fortune 500 companies with technology and digital transformation. Its products and services include AI and machine learning, software development, digital automation, cloud services, and quality testing. They also run a Global Capability Centre (GCC) to support these offerings.
Highlights of S A Tech Software India IPO
IPO price band: ₹56 to ₹59 per share
Minimum application lot size: 2000 shares
Minimum investment for retail investors: ₹118,000
Minimum investment for High Net-worth Investors (HNI): 2 lots (4000 shares), ₹236,000
Registrar: Bigshare Services Pvt Ltd
S A tech utilize the net proceeds towards Repaying or reducing a portion of its existing borrowings,supporting the company’s working capital needs and covering general corporate expenses.
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Sat, 07/27/2024 – 01:47
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S A Tech Software India IPO Subscription Status
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S A Tech Software India IPO Subscription Status
Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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The S A Tech Software India IPO received bids for 3,88,20,000 shares, greatly exceeding the 25,34,000 shares available. By the end of Day 1, it was oversubscribed by 15.32 times. Read this news for more insights.
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