IPO Price Range: ₹56 - 59
Min Investment
₹1,18,000
IPO Size
₹23 Cr
IPO Status
Quantity in 1 Lot
2000
Max Bid allowed
1
Listing Exchange
NSE
Bid Opening Date | 26 Jul 2024 |
Bid Closing Date | 30 Jul 2024 |
Allotment Date | 31 Jul 2024 |
Issue Size | ₹23.01Cr |
Quantity in 1 lot | 2000 |
Experienced Promoter and Qualified Senior Management Team.
Global presence of the Company.
Scalable Business Model.
Strategy to build capacity and capabilities necessary to develop and increase the value of the business by growth across multiple dimensions, including strengthening its relationships with its existing clients, expansion of its digital engineering and embedded capabilities.
Its Customer-Centric Approach.
Marque set of clients.
Exclusive Agreement for Certain Domains.
In-House Expertise/Human Resource - its team comprises of highly skilled professionals with a prudent mix of experienced and young professional with diverse expertise.
Its Branch Offices from where the company operate are not owned by it. If the company is required to vacate the same, due to any reason whatsoever, it may adversely affect its business operations.
The company has not filed certain forms in the past in compliance with some statutory provisions of the Companies Act and such non-compliance may attract penalties against the company, which could impact its financial position to that extent.
The Company, its Directors, its Promoters and Group Companies are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various forums and regulatory authorities. Any adverse decision may make it liable to liabilities /penalties and may adversely affect its reputation, business and financial status.
The company has not entered into any long-term contracts with any of its customers and typically operate on the basis of purchase orders, which could adversely impact its revenues and profitability.
Its lenders have charge over the company movable, immovable properties in respect of finance availed by it.
Its lenders have imposed certain restrictive conditions on it under the company financing arrangements. Its inability to meet the company obligations, including financial and other covenants under its debt financing arrangements could adversely affect its business, financial condition, results of operations and cash flows.
The company may be unable to sufficiently obtain, maintain, protect, or enforce its intellectual property and other proprietary rights.
Any non-compliance or delays in payment of statutory dues including TDS payment may expose it to penalties from the regulators.
The company is required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operate its business, and any delay or inability in obtaining, renewing or maintaining such permits, licenses and approvals could result in an adverse effect on its results of operations.
The length of its sales cycle may fluctuate significantly and depends on several external factors which may result in significant fluctuations in its revenues.
Investors | Holdings % |
SA Technologies Inc | 78.28% |
Ritish Sharma | 0.46% |
Poonam Sharma | 0% |
Mindpool Technologies Ltd | 19.3% |
Organisation | S A Tech Software India Ltd |
Headquarters | Pune |
Industry | IT - Software |