The Sancode Technologies date has been confirmed from March 31 and ended on April 6
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.
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Bidding Dates
March 31 – April 6
Price Range
₹47 per share
Face Value
₹10 per share
GMP
₹4
Sancode Technologies GMP
The Sancode Technologies IPO GMP is ₹[4].
IPO Overview
Sancode Technologies IPO is a fixed price issue of Rs 5.15 crores. The issue is entirely a fresh issue of 10.95 lakh shares.
Sancode Technologies IPO bidding started from March 31, 2023 and ended on April 6, 2023. The allotment for Sancode Technologies IPO was finalized on Wednesday, April 12, 2023. The shares got listed on BSE SME on April 18, 2023.
Sancode Technologies IPO price is ₹47 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹141,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹282,000.
Sancode Technologies IPO Date & Price Band Details
| IPO Date | March 31, 2023 to April 6, 2023 |
| Listing Date | April 18, 2023 |
| Face Value | ₹10 per share |
| Price | ₹47 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,095,000 shares (aggregating up to ₹5.15 Cr) |
| Fresh Issue | 1,095,000 shares (aggregating up to ₹5.15 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 57,000 shares |
Sancode Technologies IPO Market Lot
Investors can bid for a minimum of 3000 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI regarding shares and amounts.
| Application | Lots | Share | Amount |
| Retail (Min) | 1 | 3000 | ₹141,000 |
| Retail (Max) | 1 | 3000 | ₹141,000 |
| HNI (Min) | 2 | 6,000 | ₹282,000 |
Sancode Technologies IPO Allotment & Listing Dates
Sancode Technologies IPO opens on March 31, 2023, and closes on April 6, 2023.
| IPO Open Date | Friday, March 31, 2023 |
| IPO Close Date | Thursday, April 6, 2023 |
| Basis of Allotment | Wednesday, April 12, 2023 |
| Initiation of Refunds | Thursday, April 13, 2023 |
| Credit of Shares to Demat | Monday, April 17, 2023 |
| Listing Date | Tuesday, April 18, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 6, 2023 |
Sancode Technologies Company Financial Report
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
| 31-Mar-20 | 330.45 | 43.08 | -112.98 | 220.83 | 197.95 | 0.22 |
| 31-Mar-21 | 313.96 | 159.74 | -26.17 | 223.56 | 200.69 | 63.73 |
| 31-Mar-22 | 349.87 | 244.81 | 75.12 | 287.07 | 264.19 | 20.76 |
| 30-Sep-22 | 481.26 | 180.62 | 89.36 | 367.54 | 344.67 | 21.20 |
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 |
Company Profile
Sancode Technologies Ltd was incorporated initially as a private limited under the name “ZNL Startup Advisory Private Limited” via a Certificate of Incorporation dated April 28, 2016, issued by the Central Registration Centre. Subsequently, the name of the Company was converted to “Sancode Technologies Private Limited” dated November 18, 2022, and after that, to “Sancode Technologies Limited” upon conversion to a Public Limited Company on January 02, 2023, by the Registrar of Companies, Mumbai. The Company enables organizations to drive digital transformation and competitive differentiation by providing them with pre-built business logic and solution workflows, especially for finance automation.
The Company has evolved its business to develop, provide, undertake, design, distribute and deal in Systems and application software, undertake offshore software development projects, digital transformation, cloud migration, advance analytics, Robotic process automation, machine Learning and AI projects in areas of application including Internet and Intranet website applications, enterprise solutions software, resource planning, e-commerce, value-added products and other business applications for corporations.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
Contact Details
| Name | Sancode Technologies |
| Phone number | 022-49622853 |
| Email ID | investor@sancodetech.com |
| Website | https://www.sancodetech.com/ |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
