SoftTech Engineers IPO is set to make its debut on 27 April 18 with 22.81 Cr is a software company which caters to Architecture, Engineering, and Construction.
SoftTech Engineers IPO – overview
| IPO Dates | 27 April – 3May 18 |
| IPO Price | INR 80 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 2,851,200 shares (INR 22.81 crore) |
| Minimum bid (lot size) | 1600 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Company Overview
Incorporated in 1996, Pune based SoftTech Engineers Limited is a software company which caters to the Architecture, Engineering, and Construction (“AEC”) verticals.
The Company specializes in developing products for e-governance and construction ERP products for smart city projects, municipal corporations, urban local bodies, development authorities and work organizations. It 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”.
Softtech started by launching its first product – STRUDS in the year 1996, which was used for Structural Analysis and Designing. In the year 2000, it launched another product, ESRGSR, which was also used on the same line. STRUDS and ESR GSR were acquired in the year 2011 by CSC (UK) Limited.
The Company also launched two new products viz., PWIMS and AutoDCR which have been the flagship products of the Company since their launch in the year 2004 and 2005 respectively. PWIMS provides a complete online solution to the Public Works Department (PWD) for e-procurement and work management. AutoDCR 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.
Riding on the success of these products, the Company in the year 2010 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 got another VC funding round from Rajasthan Venture Capital Fund in the year 2014 which acquired 26.77% stake in the Company.
The company has 433 employees working at its registered office and other client places.
Objects of the Issue
1. Product Development and Enhancement Costs.
2. Funding of the Domestic and International Product Penetration and Marketing Costs.
3. Repayment/ Pre-payment of certain unsecured borrowings availed by the Company.
4. General corporate purposes.
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 6,033.78 | 5,722.58 | 4,008.32 |
| Total Revenue | 4,711.63 | 4,432.53 | 3,594.36 |
| Profit After Tax | 615.96 | 361.77 | 212.29 |
Company Contact Information
SoftTech Engineers Limited
‘The Pentagon’, Unit No. 5A,
Near Satara Road Telephone Exchange, Shahu College
Parvati, Pune 411009
Phone: +91-020-24218747
Email: investors@softtech-engr.com
Website: http://www.softtech-engr.com
SoftTech Engineers IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: softtech.ipo@linkintime.co.in
Website: https://linkintime.co.in/
SoftTech Engineers IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
- Small Industries Development Bank Of India (Sidbi) (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
