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S A Tech Software India IPO Subscription Status
Tanushree Jaiswal
Last Updated: 30th July 2024 - 10:12 pm
S A Tech Software India IPO - Day-3 Subscription at 621.25 Times
S A Tech Software India Limited IPO closed on 30 July. Shares of S A Tech Software India Limited IPO are likely to be listed on August 2. Shares of S A Tech Software India Limited IPO will make trading debut on NSE SME platform.
On 30 July 2024, S A Tech Software India IPO received bids for 1,57,42,56,000 shares, much more than the 25,34,000 shares available. This means that S A Tech Software India IPO was oversubscribed by 621.25 times by the end of the 3rd day.
Here are the subscription details for S A Tech Software India IPO as of Day 3:
| Employees (N.A.) | QIBs (201.29X) | HNI / NII (1,178.97X) | Retail (621.77X) | Total (621.25X) |
S A Tech Software India Limited IPO subscription was mainly driven by HNI/NII investors, followed by retail investors), with Qualified Institutional Buyers (QIBs) showing interest later. QIBs and HNIs/NIIs tend to 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.
Subscription Status of S A Tech Software India IPO for Days 1, 2, and 3
| Date | QIB | NII | Retail | Total |
| Day 1 Jul 24, 2024 |
4.28 | 15.23 | 21.78 | 15.37 |
| Day 2 Jul 25, 2024 |
9.00 | 87.51 | 161.25 | 101.92 |
| Day 3 Jul 26, 2024 |
201.29 | 1,178.97 | 621.77 | 621.25 |
On day 1, S A Tech Software India IPO was subscribed 15.37 times. By day 2, the subscription status had risen to 101.92 times and on day 3, it reached 621.25 times.
Here are the complete subscription details for the S A Tech Software India IPO as of Day 3:
| Investor Category | Subscription (times) | Shares Offered | Shares Bid For | Total Amount (₹ in Crore) |
| Anchor Investors | 1.00 | 10,82,000 | 10,82,000 | 6.38 |
| Market Maker | 1.00 | 2,84,000 | 2,84,000 | 1.68 |
| QIB Investors | 201.29 | 7,24,000 | 14,57,34,000 | 859.83 |
| HNIs / NIIs | 1,178.97 | 5,44,000 | 64,13,62,000 | 3,784.04 |
| Retail Investors | 621.77 | 12,66,000 | 78,71,60,000 | 4,644.24 |
| Total | 621.25 | 25,34,000 | 1,57,42,56,000 | 9,288.11 |
S A Tech Software India Limited IPO received a varied response from different investor categories. Both the Market Maker and Anchor Investors fully subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed at 201.29 times, High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) at 1,178.97 times, and Retail Investors at 621.77times. Overall, S A Tech Software India Limited IPO was subscribed 621.25 times.
S A Tech Software India Limited IPO - Day-2 Subscription at 101.13 times
S A Tech Software India Limited IPO will close on 30 July. Shares of S A Tech Software India Limited IPO are likely to be listed on August 2. Shares of S A Tech Software India Limited IPO will make trading debut on the NSE SME platform.
At the end of Day 2, S A Tech Software India Limited IPO subscribed 101.13 times. The public issue subscribed 159.77 times in the retail category, 9.00 times in QIB, and 87.28 times in the NII category by July 29, 2024 Here are the subscription details for S A Tech Software India Limited IPO as of Day 2:
| Employees (N.A.) | QIBs (9.00X) | HNI / NII (87.28X) | Retail (159.77X) | Total (101.13X) |
TS A Tech Software India Limited IPO subscription was mainly driven by retail investors, followed by High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs), with Qualified Institutional Buyers (QIBs) showing interest later. QIBs and HNIs/NIIs tend to 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 complete subscription details for the S A Tech Software India Limited IPO as of Day 2:
| Investor Category | Subscription (times) | Shares Offered | Shares Bid For | Total Amount (₹ in Crore) |
| Market Maker | 1.00 | 2,84,000 | 2,84,000 | 1.68 |
| Anchor Investors | 1.00 | 10,82,000 | 10,82,000 | 6.38 |
| Qualified Institutions | 9.00 | 7,24,000 | 65,18,000 | 38.46 |
| Non-Institutional Buyers*** | 87.28 | 5,44,000 | 4,74,06,000 | 280.14 |
| Retail Investors | 159.77 | 12,66,000 | 20,22,64,000 | 1,193.36 |
| Total | 101.13 | 25,34,000 | 25,62,64,000 | 1,511.96 |
On day 1, S A Tech Software India Limited IPO was subscribed 15.37 times. By day 2, the subscription status had risen to an incredible 101.13 times. The final status will be clear after the end of day 3. S A Tech Software India Limited IPO received a varied response from different investor categories. Both the Market Maker and Anchor Investors fully subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed at 9.00 times, High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) at 87.28 times, and Retail Investors at 159.77 times. Overall, S A Tech Software India Limited IPO was subscribed 101.13 times.
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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