S A Tech Software India Limited IPO
Company Overview
S A Tech Software India Ltd. (STSIL) is an AI-driven IT consulting firm with operations in Pune and Bengaluru. As a subsidiary of SA Technologies Inc, USA, STSIL specializes in scalable IT outsourcing solutions and Global Development Centers (GDCs) to enhance business agility and efficiency.
Services and Capabilities
STSIL provides a comprehensive range of services, from individual support to large-scale enterprise transformations. With the flexibility to scale from 1 to 1000 professionals, STSIL has over a decade of experience serving both global and domestic clients. Through a Service Partnership with its parent company, STSIL effectively caters to foreign clients, offering a diverse portfolio of products and digital solutions to small and enterprise clients alike.
Global Presence and Collaboration
With a strong global presence in the USA and Canada through its Parent and Group Companies, STSIL collaborates with diverse teams worldwide to tackle complex technological challenges. Long-standing relationships with enterprise clients have fostered trust and stability, driving growth opportunities. Service Offerings
STSIL supports digital transformation initiatives through a variety of value-added services, including: 1. Mobile App Development 2. Cloud Infrastructure 3. Machine Learning 4. Data Science and Analytics Objectives of the Issue
The Company plans to allocate the Net Proceeds from the IPO towards the following objectives:
Prepayment or repayment of certain outstanding borrowings.
Funding the working capital requirements.
General corporate purposes.
S A Tech Software India: Key IPO Details
IPO Dates: 26 to 30 July, 2024
Price Band: ₹56 to ₹59 per share
Lot Size: 2,000 shares
Amount Per Lot: ₹1,18,000
Total Issue Size: ₹23.01 Crores
Retail Quota: 32.46%
GMP: 100% (for informational purposes only)
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