SoftTech Engineers IPO – Review, Allotment Status, Subscription, Price, Date & more
Last Updated Date: Aug 28, 2023SoftTech Engineers Ltd (Previously known as SoftTech Engineers Pvt Ltd) was incorporated in the year 1996 with its headquarter located in Pune. The company is into Structural Analysis & Designing, AutoDCR automation software services, etc. It provides high-quality Software Solutions to companies into architecture, construction and Engineering domain.
SoftTech Engineers IPO is a new SME IPO of 2018. Its opening and closing date is on 27th April 2018 and 3rd May 2018, respectively. Read this article to know more details about this upcoming IPO like the IPO size, SoftTech Engineers IPO offer price, SoftTech Engineers IPO release date, company background, company financial details, grey market premium, etc.
SoftTech Engineers IPO Review & Ratings
| SoftTech Engineers IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.3/10 |
| Industry Ranking | 6.4/10 |
| Company Background | 6.5/10 |
| Company Reputation | 6.2/10 |
| Competitive Edge6 | 6.3/10 |
| Financial Statements | 6.5/10 |
| Popularity Index | 6.3/10 |
| Promoters Reputation | 6.3/10 |
| Retail Appetite | 6.4/10 |
| Top Brokers Review | 6.2/10 |
| Overall Ratings | 6.3/10 |
| Star Ratings | ★★★☆☆ |
Summary of SoftTech Engineers IPO
SoftTech Engineers Ltd was set up in 1996 and has strived to attain technical innovation and constantly improve and maintain our high-quality solutions through dedicated R&D works into AEC domains.
SoftTech Engineers Ltd is floating an IPO worth approx Rs 22.81 Crore. This IPO is listed on NSE SME. Total number of shares are 2,851,200 with face value of Rs 10 each. The minimum lot size is 1600 shares and the amount is Rs 1,28,000. The price band of this IPO is Rs 78-80.
The lead manager of SoftTech Engineers IPO are Pantomath Capital Advisors Private Limited (PCAPL) and Small Industries Development Bank of India (SIDBI) and the registrar to the offer is Link Intime India Private Limited.
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SoftTech Engineers IPO Date
The IPO release date is 27th april 2018 & closes on 3rd may 2018.
SoftTech Engineers IPO Subscription
| Subscription | |
| Day 1 | X |
| Day 2 | X |
| Day 3 | X |
| Day 4 | X |
| Day 5 | X |
Upon releasing of the IPO, the details of shares subscribed by the public will be updated herein on a daily basis.
SoftTech Engineers IPO Allotment Status
The allotment details pertaining to the shares subscribed will be updated here, once the company is done with the allotment process. The dates of allotment process commencement and conclusion will also be updated herein once the company decides on the schedule of the IPO.
The important dates are:
- Basis of Allotment: 9th May 2018
- Refunds: 10th May 2018
- Credit to demat accounts: 11th May 2018
- Listing: 14th May 2018
SoftTech Engineers IPO Price Band
SoftTech Engineers IPO has fixed the offer price for the IPO at Rs. 78-80 per equity share. The offer price holds a premium of Rs. 68-70 per equity share. Offer price is decided by the company and the lead manager by way of book building process.
SoftTech Engineers IPO Issue Size
The subject IPO aims to collect funds to the tune of approx Rs 22.81 Crore.
SoftTech Engineers IPO – Company Overview
SoftTech Engineers Limited is into software solution providing their services to various e-Governance and construction companies. They received VC funding in year 2014 from Rajasthan Venture Capital Fund.
Just the beginning, the company has always made profits at the end of every financial year and the company’s future financial condition looks good which makes this IPO seems more profitable.
The company launched and automation software known as Opticon which is very useful for builders, constructors, real estate companies,etc. The company’s fresh issue of 2,371,200 shares for Rs. 18.50 – 18.97 crore and the offer for sale of 480,000 shares are approx Rs 3.74 – 3.84 crore.
Registered Office:
‘The Pentagon’, Unit No. 5A, Near Satara Road Telephone Exchange, Shahu College Road, Parvati, Pune 411009 Maharashtra, India.
Tel. No: +91-020-24218747; Fax No.:+91-020-24218747; E-mail: investors@softtech-engr.com; Website: www.softtech-engr.com
Contact Person: Aishwarya Patwardhan, Company Secretary and Compliance Officer
Competitive Strengths of SoftTech Engineers Limited:
- Focus on Quality and Innovation
- Our Experienced Management
- Existing relationship with the clients
- Lower cost structure
Business strategy of SoftTech Engineers Limited:
- Brand image
- Capitalize on growing demand
- Expanding customer base
SoftTech Engineers Ltd – Financial Statements
A quick look into the important figures of the company like the revenue, profit, EPS and the asset base of the company:
Assets of the Company
| Assets (in INR & Lakh) | |||||
| Mar’17 | Mar’16 | Mar’15 | Mar’14 | Mar’13 | |
| Non-Current Asset | 2074.49 | 1947.57 | 1665.11 | 1125.24 | 954.27 |
| Current Asset | 4006.18 | 3788.47 | 2343.23 | 2304.71 | 1058.60 |
| Total Asset | 6053.67 | 5736.04 | 4008.34 | 3429.95 | 2012.87 |
Revenue & PAT of the Company
| Revenue & Profits (in INR & Crore) | |||||
| Mar’17 | Mar’16 | Mar’15 | Mar’14 | Mar’13 | |
| Total Revenue | 47.1 | 44.3 | 35.9 | 25.7 | 25.7 |
| Profit after Tax (PAT) | 6.2 | 3.8 | 2.1 | 2.5 | 1.0 |
The company has been seeing quite a good growth in its revenue as well PAT figures. The same trend has been reflected in the EPS of the company. Thus indicating a good investment opportunity.
SoftTech Engineers IPO Promoters
The only Promoter of SoftTech Engineers is Mr. Vijay Gupta, holds around 36,81,234 Equity Shares (52.21% of the pre-Offer issued).
Promoter Interest in the company
The Promoter is interested in the Company to the extent that he has promoted the Company and to the extent of his shareholding and the dividend receivable, if any, and other distributions in respect of the Equity Shares held by him. For details regarding shareholding of our Promoter in our Company, please refer to the chapter titled “Capital Structure” beginning on page 75 of this Red Herring Prospectus.
SoftTech Engineers IPO Offer Details or Issue Details
| Particulars | Details of Equity Shares |
| Offer of Equity Shares by the Company | Upto 28,51,200 Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●]/- per Equity share aggregating to Rs. [●] Lakhs. |
| Consisting Of: | |
| Fresh Issue | Upto 23,71,200 Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●]/- per Equity Shares. |
| Offer for sale | Upto 4, 80,000 Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●]/- per Equity Shares. |
| The Offer Consists of: | |
| Market Maker Reservation Portion | Upto 1,44,000 Equity Shares of Rs. 10 each at a price of Rs. [●] per Equity Share reserved as Market Maker Portion. |
| Net Offer to Public | Upto 27,07,200 Equity Shares of ` 10/- each at a price of ` [●] per Equity Share. |
| Of which | |
| QIB Portion | QIB Portion being 49.94% of the Net Offer aggregating upto [●] Equity Shares. |
| Of which | |
| Available for allocation to Mutual Funds only (5% of the QIB Portion) | [●] Equity Shares |
| Balance for all QIBs including Mutual Funds | [●] Equity Shares |
| Non- Institutional Portion | Non-Institutional Portion of not less than 15% of the Net Offer aggregating to not less than [•] Equity Shares |
| Retail Portion | Retail Portion of not less than 35% of the Net Offer aggregating to not less than [•] Equity Shares |
SoftTech Engineers IPO Issue Object
SoftTech Engineers Limited is floating this IPO in the market to achieve the following objectives:
- Working Capital requirements
- General Corporate Purposes
- Repayment/ Pre-payment of borrowings
- Funding of the Domestic and International Product Penetration and Marketing Costs
List of Upcoming IPOs in 2018
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| John Energy IPO | TCNS Clothing IPO | SembCorp Energy IPO | Credit Access Grameen IPO |
SoftTech Engineers IPO – Basis of the Offer Price
The Offer Price is determined by our Company and the Selling Shareholders, in consultation with the Lead Manager on the basis of the assessment of market demand for the Equity Shares through the Fixed Issue price method and on the basis of the below discussed qualitative and quantitative factors for the Equity Shares. The face value of the Equity Shares is Rs. 10/- each and the Offer Price is 7.8 – 8 times of the face value.
Qualitative factors influencing the offer price:
- Domain focus
- Qualified and experienced personnel
- Focus on driving innovation
- Established long term relationship with clients
Quantitative factors influencing the offer price:
- Earning per share
- Price/earning ratio
- Return on Net Worth
- Net Asset Value – NAV per Equity Share
- Comparison of Accounting ratios with Industry peers
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SoftTech Engineers IPO Lead Managers
| Lead Managers |
| Pantomath Capital Advisors Private Limited (PCAPL) |
| Small Industries Development Bank of India (SIDBI) |
SoftTech Engineers IPO Registrar to offer
| Registrar of the Offer |
| Link Intime India Private Limited |
SoftTech Engineers IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Repu-tation | Compe-titive Edge | Finan-cial State-ment | Popu-larity Index | Promo-ters Repu-tation |
| Angel Broking | 6.3/10 | 6.4/10 | 6.5/10 | 6.6/10 | 6.3/10 |
| Sharekhan | 6.4/10 | 6.3/10 | 6.2/10 | 6.5/10 | 6.3/10 |
| Kotak Securities | 6.5/10 | 6.3/10 | 6.5/10 | 6.3/10 | 6.4/10 |
| ICICI Direct | 6.2/10 | 6.3/10 | 6.4/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.6/10 | 6.4/10 | 6.5/10 | 6.4/10 | 6.2/10 |
| Edelweiss | 6.3/10 | 6.5/10 | 6.3/10 | 6.5/10 | 6.3/10 |
| Zerodha | 6.4/10 | 6.3/10 | 6.2/10 | 6.3/10 | 6.4/10 |
| 5Paisa | 6.3/10 | 6.5/10 | 6.3/10 | 6.2/10 | 6.2/10 |
| Karvy | 6.4/10 | 6.3/10 | 6.4/10 | 6.4/10 | 6.1/10 |
| Motilal Oswal | 6.2/10 | 6.4/10 | 6.5/10 | 6.5/10 | 6.3/10 |
SoftTech Engineers IPO Grey Market Premium
The grey market for SoftTech Engineers Ltd IPO is around Rs 6000 (subject to Sauda).
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SoftTech Engineers IPO News
News 1 : SoftTech Engineers IPO starts on 27th April 2018.
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