SA Tech Software India debuted on India's NSE with a 90% stock premium over its IPO price, listing at Rs 112.10.
SA Tech Software India, a US-based IT consulting subsidiary, debuted on India's National Stock Exchange (NSE) with a 90% stock premium over the initial public offer (IPO) price. The company's shares listed at Rs 112.10, significantly surpassing the IPO price of Rs 59. SA Tech Software India offers IT services and digital solutions, including application development, cloud services, AI, machine learning, and data analytics. With a strong demand for the IPO, the company plans to utilize the proceeds for repayment of outstanding borrowings, working capital requirements, and general corporate purposes.
August 02, 2024
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