Business description – SoftTech Engineers started in the year 1996 as a software product innovation company catering to the Architecture, Engineering and Construction (“AEC”) vertical. The company has been specialising in developing product for e-governance and construction ERP products for smart city projects, municipal corporations, urban local bodies, development authorities and work organizations. The Company 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”.
The company’s flagship products PWIMS provides a complete online solution to Public Works Department (PWD) for e-procurement and work management. Its other product AutoDCR, launched in 2005, 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. In 2010, the company 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 Engineers received VC funding from Rajasthan Venture Capital Fund in the year 2014 which holds 26.77% stake in the company.
Promoters of SoftTech Engineers – Mr Vijay Gupta
| SoftTech Engineers IPO details | |
| Subscription Dates | 27 April – 3 May 2018 |
| IPO Price band | INR78 – 80 per share |
| Fresh issue | 2,371,200 shares (INR18.50 – 18.97 crore) |
| Offer for sale | 480,000 shares (INR3.74 – 3.84 crore) |
| Total IPO size | 2,851,200 shares (INR22.24 – 22.81 crore) |
| Minimum bid (lot size) | 1,600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Product Development and Enhancement Costs – INR6.62 crore
- Funding of the Domestic and International Product Penetration and Marketing Costs – INR5.98 crore
- Repayment/Pre-payment of certain unsecured borrowings – INR2.03 crore
- General Corporate Purposes
| SoftTech Engineers’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 7M FY2018 | |
| Total revenue | 22.0 | 25.7 | 35.9 | 44.3 | 47.1 | 23.7 |
| Total expenses | 20.6 | 22.1 | 32.5 | 38.8 | 38.6 | 20.1 |
| Profit after tax | 1.0 | 2.5 | 2.1 | 3.8 | 6.2 | 2.6 |
SoftTech Engineers’ Contact Details
SoftTech Engineers Limited
‘The Pentagon’, Unit No. 5A
Shahu College Road
Parvati, Pune 411009
Phone: +91 020 2421 8747
Email: [email protected]
Website: www.softtech-engr.com
SoftTech Engineers IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.24 |
| Day 2 | 0.24 |
| Day 3 | 3.24 |
| Day 4 | 29.26 |
SoftTech Engineers Valuation (Latest FY)
Earnings Per Share (EPS): INR8.75
Price/Earnings (P/E) ratio: 8.91 – 9.14
Return on Net Worth (RONW): 20%
Net Asset Value (NAV): INR43.74 per share
Registrar of SoftTech Engineers IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in
SoftTech Engineers IPO Allotment Status
SoftTech Engineers IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing performance of SoftTech Engineers
IPO Opening Date: 27 April 2018
IPO Closing Date: 3 May 2018
Finalisation of Basis of Allotment: 8 May 2018
Initiation of refunds: 9 May 2018
Transfer of shares to demat accounts: 10 May 2018
Listing Date: 11 May 2018
Listing Price on NSE SME: INR88 per share (up 10% from IPO price)
Closing Price on NSE SME:INR92.40 per share (up 15.5% from IPO price)
Good company, one of the few which make sense to invest in among SMEs
Yes, very reasonable price and pe ratio. And there is a real business in this case, unlike other sme which are just looting investors money.