IPO Synopsis
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Softtech Engineers Ltd
Registered Office:
The Pentagon Unit No. 5A,Shahu College Road Parvati,
Pune - 411009,
Maharashtra, India.
Initial public offer of upto 28,51,200* equity shares of face value of (Rs) 10/- each ("equity shares") of Softtech Engineers Limited ("company" or "issuer") for cash at a price of (Rs) 80 per equity share (including a share premium of (Rs) 70 per equity share) aggregating (Rs) 22.81 crores** ("the offer") comprising of a fresh issue of 23,71,200 equity shares aggregating (Rs) 18.97 crores by the company ("fresh issue") and an offer for sale of 4,80,000 equity shares by Rajasthan Trustee Company Private Limited A/c SME Tech Fund RVCF Trust II (referred to as the "selling shareholder") aggregating 3.84 crores by the selling shareholder ("offer for sale"). The offer comprises of 1,44,000 equity shares of face value (Rs) 10/- each for cash at a price of (Rs) 80 per equity share, aggregating (Rs) 1.15 crores which will be reserved for subscription by the market maker to the offer (the "market maker reservation portion"). The offer less market maker reservation portion i.e. Offer of 27,07,200 equity shares of face value of (Rs) 10/- each for cash at a price of (Rs) 80 per equity share, aggregating (Rs) 21.66 is hereinafter refered to as the "net offer". The offer and the net offer will constitute 30.26% and 28.73%, respectively of the post offer paid up equity share capital of the company. The face value of equity share is (Rs)10 each. The Offer Price is (Rs)80 and is 8 times the face value of the equity shares.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
27-Apr-18
03-May-18
80.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 1600   Further Multiples of : 1600
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
18.97
Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer
22.81
 
Post Issue Equity Share Capital
9.42
 
Issue Price
80.00
 
Projects
Product Development and Enhancement costs
Funding of the domestic and international product penetration and marketing costs
Repayment/ Pre-payment of certain unsecured borrowings availed by the company
General corporate purposes
Promoted By
Vijay Gupta
Listing At
NSE - SME
Registrar to the Issue
Link Intime India Pvt Ltd
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