SoftTech Engineers IPO GMP, Review, Price, Allotment

The SoftTech Engineers date has been confirmed as April 27, 2018, ending on May 3, 2018. Read the post to learn about SoftTech Engineers IPO GMP.

SoftTech Engineers Developers’ IPO is a fixed-price offering of Rs 22.81 crore. The price range is from ₹78 to ₹80 per share. The minimum lot size for an application is 1600 shares. The minimum investment for retail investors is ₹128,000.

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Key Details Of SoftTech Engineers IPO:

SoftTech Engineers IPO GMP

The SoftTech Engineers IPO GMP is ₹228.10.

IPO Overview​

The book-built SoftTech Engineers IPO is priced at Rs 22.81 crores. SoftTech Engineers’ initial public offering (IPO) auction was held from April 27, 2018, until May 3, 2018. The shares were floated on the NSE SME on May 11, 2018. SoftTech Engineers’ IPO price ranges from ₹78 to ₹80 per share. 1600 Shares is the minimum lot size required for an application. The minimum investment required of retail investors is ₹128,000.

Building on the success of these technologies, the business founded OPTICON in 2010 to assist building contractors and real estate companies with cost estimating, construction management, and overall automation. Softtech obtained another VC funding round in 2014 from Rajasthan Venture Capital Fund, which purchased a 26.77% stake in the company. The company employs 433 workers at its principal office and several customer locations.

SoftTech Engineers IPO Details

IPO Date	April 27, 2018 to May 3, 2018
Listing Date	May 11, 2018
Face Value	₹10 per share
Price Band	₹78 to ₹80 per share
Lot Size	1600 Shares
Total Issue Size	2,851,200 shares (aggregating up to ₹22.81 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Market Maker portion	144,000 shares

SoftTech Engineers Company Financials

Particulars	For the year/period ended (in Rs. Lacs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	6,033.78	5,722.58	4,008.32	3,429.94	2,012.87
Total Revenue	4,711.63	4,432.53	3,594.36	2,567.60	2,195.63
Profit After Tax	615.96	361.77	212.29	254.14	97.82

SoftTech Engineers IPO Listing Details

Listing Date	May 11, 2018
BSE Script Code
NSE Symbol	SOFTTECH
ISIN	INE728Z01015
Final Issue Price	₹80 per share

Company Profile​

Softtech started in 1996 with the release of its first product, STRUDS, which was used for structural analysis and design. In 2000, it released another product, ESRGSR, employed on the same line. STRUDS and ESR GSR were acquired by CSC (UK) Limited in 2011. The company also released two new products, PWIMS and AutoDCR, which have been its flagship products since their introductions in 2004 and 2005. PWIMS provides the Public Works Department (PWD) with a comprehensive online solution for e-procurement and job management.

IPO Strengths

• Experienced promoters and a competent management team.
• Well-established relationships with a loyal customer base.
• Access to markets worldwide, enabling global reach.

IPO Weakness

• Heavy reliance on customers based in the United States.
• We must adhere to multiple laws and regulations in these countries to ensure compliance.
• Competition from other players in the market.

SoftTech Engineers IPO FAQs