About the Company:
Softech Engineers Ltd (Headquartered in Pune)was started in the year 1996 as a software product innovation company which caters to the Architecture, Engineering and Construction (“AEC”) verticals.
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.
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”.
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 their expertise in IT.
Company has strategic business alliances with key organizations such as – Microsoft and Autodesk. All these partnerships helps Company to provide integrated and seamless solutions to their customers and boost the solutions through technological advancements.
Company’s revenue is based on License fees, BOT model, servicing and support fees, one time set-up fees, Annual Maintenance Contract and continuous development fees.
Company received VC funding round from Rajasthan Venture Capital Fund in the year 2014 which acquired 26.77% stake in the Company.
Company’s Initial Products:
Company started by launching its first product – STRUDS in the year 1996, which was used for Structural Analysis and Designing.
In the year 2000, they launched another product, ESRGSR, which was also used on the same line. With growing acceptance of their products, Company 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 their products viz., STRUDS and ESR GSR were acquired in year 2011 by CSC (UK) Limited.
Company’s Current Products:
Meanwhile after Selling STRUDS & ESR GSR to CSC (UK) Ltd, Company launched two new products viz., PWIMS and AutoDCR which have been their flagship products since its launch in the year 2004 and 2005 respectively.
PWIMS (Launched in 2004) provides a complete online solution to Public Works Department (PWD) for e-procurement and work management.
AutoDCR (Launched in 2005) 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.
OPTICON (Launched in 2010) which caters to the needs of construction contractors and real estate companies by helping them in cost estimating, construction management and overall automation.
Details of Company’s Products:
*AutoDCR: It is a unique and innovative solution for automation of building plan scrutiny and approval. It reads CAD drawings and maps them to the development control regulations for approval by municipal corporations and approving authorities.
Main users of this product is Municipal Corporations, Industrial Development Corporations and Development Authorities.
*PWIMS: It is a web-based COTS application for managing the core functional processes of works planning, procurement and maintenance in public works organizations.
Main users of this product is State PWD, Urban Development authorities, Municipal corporations, Housing development boards, Infrastructure Development Corporations among others.
*OPTICON: It is an all-in-one-solution that maps out the necessary business functions for construction enterprises, such as bidding, cost estimation, project management, accounting, plant and machinery, client billing, subcontractor management, sales, CRM, and HR & Payroll.
It is successfully implemented in 100+ construction companies across India, the Middle East, and Africa.
Company’s Upcoming Products:
BIM-DCR: It is an upcoming product which is a new and updated version of AutoDCR with a new 3D BIM based technology.
The product is currently under R&D phase. BIMDCR will serve the same set of customers but with advanced technology which will serve the purpose of Smart City projects.
RuleBuddy: It is another upcoming product by the Company which is currently in R&D phase. It is an e-commerce platform which aims to help customers solve their queries
prior to commissioning of any construction activities for particular area.
The key users for this product will be Project owners, project developers, construction companies, architects, engineers among others.
Integrated Building Permits System (IBPS): It is another upcoming product by the Company which is also in R&D phase. IBPS provides innovative, intelligent and collaborative platform to accelerate the approval of building projects.
Product wise revenue Breakup: (in Lakhs)
- Mr. Vijay Gupta (Designation: Chairman & Managing Director)
- Mrs. Priti Vijay Gupta (Designation: Whole-time Director)
- Mr. Rahul Gupta (Designation: Non-Executive Independent Director)
Promoters Average Acquisition Cost:
|Name of the Promoter||No. of Shares held||Average Acquisition Cost (in Rs.)|
Objectives of the Issue:
OFS (Offer for Sale): (Around Rs.3.84 cr)
Company will not receive any proceeds from the Offer for Sale by the Selling Shareholders.
Fresh Issue: (Around Rs.18.96 cr)
- Product Development and Enhancement Costs.
- Funding of the Domestic and International Product Penetration and Marketing Costs.
- Repayment/ Pre-payment of certain unsecured borrowings availed by the Company.
- General corporate purposes.
|Particulars||Amount (Rs. in Crores)|
|Product Development and Enhancement Costs||6.62|
|Funding of the Domestic and International
Product Penetration and Marketing Costs
|Repayment/ Pre-payment of certain unsecured
borrowings availed by the Company
|General Corporate Expenses||4.33|
|Net Proceeds||18.96 cr|
Positives for the Company:
Strong domain focus: (Architecture, Engineering and Construction Domains)
With more than 3 decade of experience and understanding of business in which they operate, it helps them in providing IT solutions and software products that benefit their clients and differentiates them from their competitors.
Focus on Innovative Solutions:
Company has been developing innovative products since its inception. Company’s products have led various government authorities and its department in completely
digitalizing their activities.
Being an early mover in the industry and established track record of working with government on various projects,Company plans to develop their product portfolio.
Expansion of their Geographic Presence:
Company is currently operating primarliy in domestic market with very little presence outside India. The acceptance of their products in Indian market have given them the confidence to further expand the business into other geographical markets.
Company intends to expand their operations to Middle East, Africa, South East Asia including Australia, United States and European countries by FY 2019-20.
Smart City Solution Provider:
company develops product which serves digitised building construction permits and infrastructure works project management and monitoring systems which are core requirements of any technology adoptions in Smart City projects.
With list of smart cities already announced and huge amount is going to be invested by the government in these projects, Company stands to benefit by providing their products in smart city projects.
Note: Company has done a Rebranding To know About our Recommendation on SoftTech Engineers Click on the below Link:
Financials of the Company:
|(in Crores)||FY 13||FY 14||FY 15||FY 16||FY 17||31st Oct 17|
|Issue Opens on||27th April 2018|
|Issue Closes on:.||3rd May 2018|
|Issue Price||Rs.78 – 80|
|Issue Size||Rs.22.81 cr|
|Market Cap||Rs.75.37 cr|
|Listing at||NSE SME|
|Equity Shares Offered (Fresh)||23,71,200|
|Equity Shares Offered (OFS)||4,80,000|
|Total Equity Shares Offered||28,51,200|
|Equity Shares Prior to the Issue||70,51,276|
|Equity Shares after the Issue||94,22,476|
|Finalization of Basis of Allotment||on or Before 8th May 2018|
|Initiation of Refunds||on or Before 9th May 2018|
|Credit of Equity Shares:||on or Before 10th May 2018|
|Listing Date:||on or Before 11th May 2018|
Subscription Details: (Will be Updated)
|(Subscription-Category-Wise (no. of times) Till time : 06:00 PM)||Shares Offered||27/4||30/4||2/5||3/5|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)||Debt/Equity Ratio|
Markets Guruji Opinion:
|IPO View||Apply For:||Expected listing Gain:|
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|Company Contact Info:|
|SoftTech Engineers Limited
‘The Pentagon’, Unit No. 5A,
Near Satara Road Telephone Exchange,
Shahu College Road,
Parvati, Pune 411009
Tel. No:+91 – 020 – 24218747
|IPO Registrar Info:|
|LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park,
L.BS. Marg, Vikhroli (West),
Mumbai 400083, Maharashtra, India
Tel: +91-022-49186200; Fax: +91-022-4918695
Investor Id: email@example.com