Fundamental

NSE SME IPO - SoftTech Engineers Ltd


Incorporated in 1996, Pune based SoftTech Engineers Limited is software company which caters to the Architecture, Engineering, and Construction ("AEC") verticals.

The Company specializes in developing the product for e-governance and construction of 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".

Objectives of Issue: 

  • Product development and enhancement costs – INR 6.62 crore
  • Funding of the domestic and international product penetration and marketing costs – INR 5.98 crore
  • Repayment/Pre-payment of certain unsecured borrowings – INR 2.03 crore
  • General corporate purposes - INR 4.33 crore

Valuation:

The issue has been offered at a price band of Rs 70-80 per equity share. At the upper price band of Rs 80, the stock is available at price-to-earnings multiple of 14.55(x) to its FY18 annualized EPS of Rs 5.5 and stock is available at price-to-earnings multiple of 9.15(x) to its FY17 EPS of Rs 8.75.We have a “3 star” rating for the issue.

Tags: SME IPO


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DISCLAIMER: This document has been prepared by Arihant Capital Markets Limited (hereinafter called as Arihant) and its subsidiaries and associated companies. This document does not constitute an offer or solicitation for the purchase and sale of any financial instrument by Arihant. This document has been prepared and issued on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst meticulous care has been taken to ensure that the facts stated are accurate and opinions given are fair and reasonable, neither the analyst nor any employee of our company is in any way is responsible for its contents and nor is its accuracy or completeness guaranteed. This document is prepared for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. Arihant Capital Markets Ltd (including its affiliates) or its officers, directors, personnel and employees, including persons involved in the preparation or issuance of this material may; (a) from time to time, have positions in, and buy or sell or (b) be engaged in any other transaction and earn brokerage or other compensation in the financial instruments/products discussed herein or act as advisor or lender/borrower in respect of such securities/financial instruments/products or have other potential conflict of interest with respect to any recommendation and related information and opinions.