Sancode Technologies, a software and product development firm, assists its clients in closing the business-technology gap through speedier digital adoption. It provides API-based software platforms and solutions to help businesses accelerate their digital transformation.
Sancode, a cutting-edge technology firm, provides solutions in digital transformation, workflow automation, artificial intelligence (AI) and machine learning, robotic process automation, data analytics, metaverse and web3 implementation, and system integration. The company serves as the offshore technology partner for its clients in the United States, whom it serves through subsidiaries Zsolt Ventures Inc. and Dhruva Advisors USA Inc. Sancode’s diverse clientele includes enterprises in manufacturing,
banking and finance, FMCG, retail, and real estate. On March 31, 2022, Sancode Technologies will list on the BSE in the SME sector. Investors can submit bids for the offer between March 31 and April 6, 2023. The company intends to raise Rs. 5.15 crore through a fixed-price offering of 1,095,000 equity shares. Sancode Technologies Ltd.’s initial public offering (IPO) would be priced at Rs. 47 per share.
Sancode Technologies Ltd. IPO Objective
- The net proceeds will be used to meet working capital requirements and general corporate purposes.
Sancode Technologies Company Financials
| Particulars | Period ending on September 30, 2022 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Revenue from Operations | 142.49 | 243.85 | 155.62 |
| Profit After Tax (PAT) (consolidated) | 66.12 | 62.94 | 4.60 |
| PAT Margin | 46.40% | 25.81% | 2.96% |
| EBITDA | 114.89 | 40.92 | 27.84 |
| EBITDA Margin | 80.63% | 16.78% | 17.89% |
| EPS | 2.54 | 2.42 | 0.18 |
Should you invest in Sancode Technologies Ltd.?
These are the top reasons to consider investing in Sancode Technologies Limited.
- Sancode invests in emerging technologies and works with firms that provide deep-tech technological solutions.
- The company has several revenue streams supported by a diverse product package.
Sancode Technologies Ltd. Noteworthy highlights
- Sancode Technologies obtains the majority of its revenue from offshore clients as a technology outsourcing partner for various US firms.
- As a worldwide IT powerhouse, India holds a unique position in pioneering technical breakthroughs. Sancode Technologies would profit from increased expansion in the Indian IT-BPM market.
Know before investing
Strengths
- It offers a diversified service portfolio to cater to a spectrum of industries.
- The company primarily caters to offshore clients in the USA.
- Experienced promoters have been the guiding force for Sancode Technologies.
Risks
- The small team size of the company can be a concern for investors.
- The business depends on a few customers to generate chunks of revenue.
- Failing to attract new customers, innovate, and adapt to new technologies in the changing market will pose threats to its future profitability.
Sancode Technologies IPO FAQs:
Q1. What is Sancode Technologies Ltd. IPO?
Ans. Sancode Technologies Ltd. IPO opens for subscription on March 31, 2023. The company aims to raise Rs. 5.15 crore from 1,095,000 equity shares. The shares will be available at a fixed price of Rs. 47 per share. A minimum of one lot will contain 3,000 shares.
Q2. When will Sancode Technologies Ltd. IPO allotment available?
Ans. The basis of the allotment date is April 12, 2023.
Q3. What will be the Sancode Technologies Ltd. IPO lot size?
Ans. One lot of Sancode Technologies Ltd. IPO has 3000 shares.
Q4. When will Sancode Technologies Ltd. IPO open for subscription?
Ans. The IPO will open on March 31, 2023.
Q5. What minimum lot size can retail investors subscribe to?
Ans. Retail investors can apply for a minimum of one lot of 3000 shares.
Q6. When will Sancode Technologies Ltd. list on exchanges?
Ans. The listing date of Sancode Technologies Ltd. on BSE SME is April 18, 2023.
Q7. What would be the listing gains on the Sancode Technologies Ltd. IPO?
Ans. Listing gains cannot be ascertained before the IPO is listed on the exchange. You can get this information on the listing date for Sancode Technologies which is April 18,2023.
Q8. I have finished the application process for Sancode Technologies Ltd. IPO, but the funds are not yet debited. What is the reason?
Ans. The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.
Q9. How to approve the UPI mandate request for Sancode Technologies Ltd. IPO?
Ans. Login to your UPI handle and approve the payment mandate to complete the IPO application process.
Q10. Can I submit more than one application for the public issue of Sancode Technologies Ltd. using one PAN?
Ans. You can submit only one application using one PAN card.
Q11. What is the minimum order quantity for Sancode Technologies Ltd. IPO?
Ans. The minimum size of the application will be one lot of 3000 shares.
