SoftTech Engineers IPO

SoftTech Engineers IPOBusiness description - SoftTech Engineers started in the year 1996 as a software product innovation company catering to the Architecture, Engineering and Construction (“AEC”) vertical. The company has been specialising in developing product for e-governance and construction ERP products for smart city projects, municipal corporations, urban local bodies, development authorities and work organizations. The Company also offers 2D and 3D CAD based intelligent and machine learning driven technology which eliminates entire human intervention along with providing Cloud Technology enabled products offered as “SaaS”.

The company’s flagship products PWIMS provides a complete online solution to Public Works Department (PWD) for e-procurement and work management. Its other product AutoDCR, launched in 2005, is software for automation of building permits approvals which is used by the government authorities in scrutinizing and automating the building permits based on the CAD based building plan which works on an online system and environment. In 2010, the company launched OPTICON which caters to the needs of construction contractors and real estate companies by helping them in cost estimating, construction management and overall automation.

SoftTech Engineers received VC funding from Rajasthan Venture Capital Fund in the year 2014 which holds 26.77% stake in the company.

Promoters of SoftTech Engineers – Mr Vijay Gupta
SoftTech Engineers IPO details
Subscription Dates 27 April - 3 May 2018
IPO Price band INR78 - 80 per share
Fresh issue 2,371,200 shares (INR18.50 - 18.97 crore)
Offer for sale 480,000 shares (INR3.74 - 3.84 crore)
Total IPO size 2,851,200 shares (INR22.24 - 22.81 crore)
Minimum bid (lot size) 1,600 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE Emerge SME platform
Use of funds
  • Product Development and Enhancement Costs - INR6.62 crore
  • Funding of the Domestic and International Product Penetration and Marketing Costs - INR5.98 crore
  • Repayment/Pre-payment of certain unsecured borrowings - INR2.03 crore
  • General Corporate Purposes
SoftTech Engineers' financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 7M FY2018
Total revenue 22.0 25.7 35.9 44.3 47.1 23.7
Total expenses 20.6 22.1 32.5 38.8 38.6 20.1
Profit after tax 1.0 2.5 2.1 3.8 6.2 2.6
SoftTech Engineers' Contact Details

SoftTech Engineers Limited
‘The Pentagon’, Unit No. 5A
Shahu College Road
Parvati, Pune 411009

Phone: +91 020 2421 8747
Email: investors@softtech-engr.com
Website: www.softtech-engr.com

SoftTech Engineers IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.24
Day 2 0.24
Day 3 3.24
Day 4 29.26
SoftTech Engineers Valuation (Latest FY)

Earnings Per Share (EPS): INR8.75

Price/Earnings (P/E) ratio: 8.91 - 9.14

Return on Net Worth (RONW): 20%

Net Asset Value (NAV): INR43.74 per share

Registrar of SoftTech Engineers IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: softtech.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

SoftTech Engineers IPO Allotment Status

SoftTech Engineers IPO allotment status is now available on Link Intime's website. Click on this link to get allotment status.

Listing performance of SoftTech Engineers

IPO Opening Date: 27 April 2018

IPO Closing Date: 3 May 2018

Finalisation of Basis of Allotment: 8 May 2018

Initiation of refunds: 9 May 2018

Transfer of shares to demat accounts: 10 May 2018

Listing Date: 11 May 2018

Listing Price on NSE SME: INR88  per share (up 10% from IPO price)

Closing Price on NSE SME:INR92.40 per share (up 15.5% from IPO price)

SoftTech Engineers IPO
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2 thoughts on “SoftTech Engineers IPO

  • April 25, 2018 at 5:24 AM
    Permalink

    Yes, very reasonable price and pe ratio. And there is a real business in this case, unlike other sme which are just looting investors money.

    Reply
  • April 24, 2018 at 10:03 AM
    Permalink

    Good company, one of the few which make sense to invest in among SMEs

    Reply

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