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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