SA Tech Software India debuted on NSE’s SME platform today with shares listed at ₹795, a 90% gain from the IPO price of ₹59. The stock surged further to ₹117.70, yielding a 99.49% profit for IPO investors.
SA Tech Software India’s Rs 23.01 crore IPO was open from July 26 to July 30 and was subscribed 621.25 times. QIBs subscribed 201.29 times, NIIs 1,178.97 times, and retail investors 621.77 times on day 3.
SA Tech Software India Limited is an AI-driven IT consulting subsidiary of SA Technologies Inc., that delivers scalable IT outsourcing solutions and Global Development Centers worldwide. Specializing in application development, cloud infrastructure, and AI, they leverage global onshore-offshore capabilities and CMMI Level 5 certification. Their Service Partnership with SA Technologies Inc., USA, further enhances their innovative, cost-efficient, and quality-focused service delivery.
SA Tech Software India Limited’s IPO aim is to raise funds for expanding its global development centers, enhancing its AI and cloud infrastructure capabilities, and accelerating digital transformation initiatives to drive innovation and growth.