Sofftech Investor Presentation:
(i) The Company started in the year 1996 as a software product innovation company which caters to the Architecture, Engineering and Construction (“AEC”) verticals. ‘Innovation’ is the key to any business and our products are innovative across the entire value chain in the construction industry. The Company is partnering the government in its mission – “Ease of Doing Business” by associating ourselves as a “Smart City Solution Provider” meeting the requirements of the automation in Architecture,Engineering & Construction (AEC) verticals using our expertise in IT. 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. Our 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”.
(ii)Products Launched By Company–The Company started by launching its first product – STRUDS in the year 1996, which was used for Structural Analysis and Designing. In the year 2000, we launched another product, ESRGSR, which was also used on the same line. With growing acceptance of our products, we received a Venture Capital funding from SIDBI Venture Capital in year 2003. Between the year 1997 – 2011, various updated versions of our product STRUDS were released. Both our products viz., STRUDS and ESR GSR were acquired in year 2011 by CSC (UK) Limited.
(iii) Meanwhile, the Company had already launched two new products viz., PWIMS and AutoDCR which have been the flagship products of the Company since its launch in the year 2004 and 2005 respectively. PWIMS provides a complete online solution to Public Works Department (PWD) for e-procurement and work management. AutoDCR is a 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. Riding on the success of these products, the Company in year 2010 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. The success has again been entrusted by another VC funding round from Rajasthan Venture Capital Fund in the year 2014 which acquired 26.77% stake in the Company.
(iv) The Company has strategic business alliances with key organizations such as – Microsoft and Autodesk. .
(v) The Company has a total human capital asset of 433.
|Open Date:||Apr 27 2018|
|Close Date:||May 03 2018|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||22.80 Cr.|
|Lot Size:||1600 Shares|
|Issue Price:||₹ 78-80 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||May 11 2018|
|(i) Authorized Share Capital ( 1,10,00,000 shares at FV@10)||11 Cr|
|(ii) Issued, Subscribed,& Paid-up Share Capital Before Issue (70,51,276 Shares at FV@10)||7.0512 Cr|
|(iii) Present Issue (28,51,200 Shares at FV@10)||2.8512 Cr|
|(iv) QIB & HNI Quota[ 5% quota for MFs]||65%|
|(v) Retail Quota||35%|
|(vi) Paid Up Share Capital after the issue||9.9024 Cr|
|1. Balance Sheet Snippet[ Financials as of Sept 2017]|
|(i) Shareholders’ Fund[Equity] Value||3258 Lacs|
|(ii) Asset||6610.08 Lacs|
|(iii) Liability||3352.08 Lacs|
|(iv) Debt/Equity[<1 ideal]||1.02( reasonable)|
|(v) Net Worth(Asset- Liability)||3258 Lacs|
|(vi) RONW(PAT/Net Worth) or ROE||7.0%|
|(vii) Book Value or NAV[ Net Worth/No.of Shares]||92|
|(viii) P/B [<5 ideal]||0.9(ideal)|
|3. Cash Flow Statement(all figures in lacs)|
|(i) Net Cash Generated from Operation||943.21||-47.74||217.19||167.77||52.63|
|(ii) Net Cash Generated from Investment||-510.65||-420.89||-725.38||-437.89||-243.31|
|(iii) Net Cash Generated from Financing Activity||-368.09||578.88||-1.2||689.81||50.07|
|(iv) Total[ (i)+(ii)+(iii) ]||64.47||110.25||-509.39||419.69||-140.61|
|(v) Cash and Cash Equivalents at the Beginning of the Year||134.09||23.84||533.23||113.14||253.75|
|(vi) Cash and Cash Equivalents at the end of the Year||198.56||134.09||23.84||532.83||113.14|
|Sr.No||Name of the Company||FV||EPS||PE||RONW(%)|
|1||Softtech Engginers limited||10||5.039||15||15%|
|2||Ramco Systems Limited||10||16.81||22.19||7.40%|
|3||Ceinsys Tech Limited||10||11.78||15.7||20.18%|
|4||Cyber Tech Systems and Softwares limited||10||3.78||15.08||12.16%|
|5||Newgen Softwares Technologies limited||10||9.92||22.79||17.70%|
The Pentagon, Unit No. 5A, Near Satara Road Telephone Exchange, Shahu College Road, Parvati, Pune 411009 Maharashtra, India Tel. No: +91-020-24218747 Fax No.:+91-020-24218747 E-mail: email@example.com Website: www.softtech-engr.com
|Category||No.of shares offered||No. of shares bid|
Sofftech Investor Presentation:
******************Latest News for Softtech Limited **************************
The new framework has been issued by DIPP’s( Department of Industrial Policy and Promotions) in partnership with World Bank to rank the States and UTs in India for EODB( Ease of Doing Business). The States and UTs are now be ranked as per 103 new set of reforms(out of 405) for EODB focussing mainly on:
(i) Central Inspection Systems
(ii) Online Land Allotment Systems
(iii) Online Single Window System for granting Construction Permits.
(iv) Registration under interstate migrant workmen Act, 1979
The Softtech has proudly announced that they have contributed to the all top 5 ranking states, Andhra Pradesh(1), Telengana(2), Haryana(3), Jharkhand(4) and Gujarat(5) by implementing “Online Single Window System for granting Construction Permits.”
The Management has announced that the company has provided their flagships product “AutoDCR” for enabling digital construction permits in major cities/states across India and contributing human intervention free construction permit systems.
***************Latest news for Softtech- 7th May 2018********************
Gujarat CM Vijay Rupani on Monday launched ‘Online Development Permission System’ (ODPS) in Gandhinagar, asserting that the state government is working towards good governance with transparency and sensibility. The CM further said that the state government wants to use technologies to optimum level to create an online transparent working environment for the government departments like Home, revenue, Urban Development and others so that common citizens get their works done directly from home. ODPS is developed and implemented by SoftTech for 192 ULBs across the state of Gujarat. The system will be operational across all 33 districts in the state.
This should do well! Apply.
I think there is no issue to apply in this IPO.
The success of the company is entrusted by VC funding round from Rajasthan Venture Capital Fund in the year 2014 which acquired 26.77% stake in the Company currently holds 18,87,796 shares. The Rajasthan Venture Capital Fund via this IPO is selling 4,80,000 shares.
The company valuations are reasonably priced at PE of 15. The Company has manageable debt and company is promoted by Mr. Vijay Gupta who is an IIT Mumbai Alumni and has an experience of more than 3 decade in the industry.
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