The SoftTech Engineers date has been confirmed from April 27, 2018 and ended on May 3, 2018.
SoftTech Engineers Developers IPO is a fixed price issue of Rs 22.81 crores. The price band is set at ₹78 to ₹80 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹128,000.
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Bidding Dates
April 27-May 3
Price Range
₹78 to ₹80 per share
Face Value
₹10 per share
GMP
₹228.10
SoftTech Engineers IPO GMP
The SoftTech Engineers IPO GMP is ₹228.10.
IPO Overview
The SoftTech Engineers IPO is a book-built offering for Rs 22.81 crores. The IPO auction for SoftTech Engineers began on April 27, 2018 and closed on May 3, 2018. On May 11, 2018, the shares were listed on the NSE SME. The IPO pricing range for SoftTech Engineers is set at ₹78 to ₹80 per share. An application requires a minimum lot size of 1600 Shares. Retail investors must make a minimum investment of ₹128,000.
Riding on the success of these technologies, the company created OPTICON in 2010 to help construction contractors and real estate organisations with cost estimating, construction management, and overall automation. Softtech received another VC fundraising round in 2014 from Rajasthan Venture Capital Fund, which acquired a 26.77% share in the company. The company employs 433 people at its registered office and additional client 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 Engineers Limited, based in Pune, was founded in 1996 as a software company that serves the Architecture, Engineering, and Construction (“AEC”) industries. The company specialises in e-governance and construction ERP product development for smart city projects, municipal corporations, urban local bodies, development authorities, and work organisations. It also provides 2D and 3D CAD-based intelligent and machine learning-driven technology that eliminates all human participation, as well as Cloud Technology enabled goods delivered as “SaaS.”
Softtech began in 1996 with the release of its first product, STRUDS, which was utilised for structural analysis and design. It released another product, ESRGSR, in the year 2000, which was also used on the same line. STRUDS and ESR GSR were purchased by CSC (UK) Limited in 2011. The company also launched two new products, PWIMS and AutoDCR, which have been the company’s flagship products since their introduction in 2004 and 2005, respectively. PWIMS offers the Public Works Department (PWD) a complete online solution for e-procurement and work management.
Registrar Info
Name | Link Intime India Private Ltd |
Phone number | +91-22-4918 6270 |
Email ID | softtech.ipo@linkintime.co.in |
Website | linkintime.co.in |
Contact Details
Name | SoftTech Engineers Limited |
Phone number | +91-020-24218747 |
Email ID | investors@softtech-engr.com |
Website | softtech-engr.com |
IPO Strenghts
- 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.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.