Founded in 2016, Sancode Technologies Limited specializes in developing API-based software platforms and solutions to meet the evolving needs of businesses.
The company offers clients user-friendly and readily implementable pre-built business logic and solution workflows. They possess expertise in various domains, covering digital transformation, workflow automation, Artificial Intelligence (AI), Machine Learning (ML), Robotic Process Automation (RPA), Data Analytics, Metaverse, Web3 applications, and System Integration.
Sancode Technologies takes on offshore software development projects, excelling in digital transformation, cloud migration, advanced analytics, Robotic Process Automation (RPA), machine learning, and AI projects. Their primary focus lies in emerging niche segments, encompassing Internet and Intranet website applications, enterprise solutions software, resource planning, e-commerce, value-added products, and various other business applications. They cater to corporations globally, providing specialized services in these domains.
The company has a substantial customer base primarily located in the United States of America, catering to clients from diverse industries, including manufacturing, FMCG, banks and financial institutions, retail, and real estate.
Sancode Technologies Limited stands as a reliable partner for businesses seeking innovative solutions to address the challenges of the digital era, leveraging cutting-edge technologies to drive growth and efficiency for their global clientele.
Stock Quote #
- Open: ₹59.00
- High – Low: ₹60.00 – ₹59.00
- Previous Close: ₹62.00
- Total Traded Value: 6,000
- 52 Weeks High: ₹89.00 (May 04, 2023)
- 52 Weeks Low: ₹51.70 (Apr 26, 2023)
- Updated On: Jul 20, 2023 4:00 PM
IPO Details #
| IPO Date | Mar 31, 2023 to Apr 6, 2023 |
| Listing Date | Apr 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 Shreni Shares |
Sancode Technologies IPO Reservation #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 57,000 (5.21%) |
| Other Shares Offered | 519,000 (47.40%) |
| Retail Shares Offered | 519,000 (47.40%) |
| Total Shares Offered | 1,095,000 (100%) |
Sancode Technologies IPO Timetable (Tentative) #
Sancode Technologies IPO opens on Mar 31, 2023, and closes on Apr 6, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Friday, 31 March 2023 |
| Closing Date | Thursday, 6 April 2023 |
| Basis of Allotment | Wednesday, 12 April 2023 |
| Initiation of Refunds | Thursday, 13 April 2023 |
| Credit of Shares to Demat | Monday, 17 April 2023 |
| Listing Date | Tuesday, 18 April 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Apr 6, 2023 |
Sancode Technologies IPO Lot Size #
The Sancode Technologies IPO lot size is 3000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹141,000 |
| Retail (Max) | 1 | 3000 | ₹141,000 |
| HNI (Min) | 2 | 6,000 | ₹282,000 |
| Lot Size Calculator | |||
Sancode Technologies IPO Promoter Holding #
Amit Vijay Jain, Khushboo Jain, Mihir Deepak Vora, and ZNL Startup Accelerator LLP are the company promoters.
| Pre Issue Share Holding | 97.47% |
| Post Issue Share Holding | 71.24% |
Company Financials #
| 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 |
| Amount in ₹ Lakhs | ||||||
The net proceeds from the issue will be utilized for the following purposes:
1. Funding working capital requirements.
2. General corporate purposes.
Sancode Technologies IPO Subscription Status (Bidding Detail) #
The Sancode Technologies IPO is subscribed 3.68 times on Apr 6, 2023 7:02:00 PM. The public issue subscribed 3.39 times in the retail category, times in the QIB category, and 3.98 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 3.98 |
| Retail | 3.39 |
| Total | 3.68 |
Total Application : 815 (4.71 times)
Sancode Technologies IPO Prospectus #
- Sancode Technologies IPO DRHP
- Sancode Technologies IPO RHP
Sancode Technologies IPO Listing Details #
| Listing Date | Apr 18, 2023 |
| BSE Script Code | 543897 |
| NSE Symbol | |
| ISIN | INE0P7001013 |
| Final Issue Price | ₹47 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹47.00 |
| ₹64.00 |
| ₹60.80 |
| ₹67.20 |
| ₹60.80 |
Company Contact Information
107, Prime Plaza,
J.V. Patel Compound, B.M. Road,
Opp. Elphinstone Stn. Mumbai – 400013
Phone: 022-49622853
Email: investor@sancodetech.com
Website: https://www.sancodetech.com/
Sancode Technologies IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Sancode Technologies IPO Lead Manager(s) #
Frequently Asked Questions #
What is the IPO date for Sancode Technologies Limited? #
The Sancode Technologies IPO opened on March 31, 2023, and closed on April 6, 2023.
What is the issue price and face value of Sancode Technologies IPO shares? #
The issue price of Sancode Technologies IPO shares is set at ₹47 per share, and the face value is ₹10 per share.
What is the lot size for Sancode Technologies IPO? #
The lot size for Sancode Technologies IPO is 3000 shares.
What is the total issue size and the allocation of shares in the Sancode Technologies IPO? #
The total issue size of the Sancode Technologies IPO is 1,095,000 equity shares, aggregating up to ₹5.15 Crores. The allocation of shares includes market maker shares (5.21%), other shares (47.40%), and retail shares (47.40%).
What is the Sancode Technologies IPO subscription status? #
As of the closing date on April 6, 2023, the Sancode Technologies IPO was oversubscribed, with Qualified Institutional Buyers (QIB) and Non-Institutional Investors (NII) subscribing around 4 times, and Retail Individual Investors (RII) subscribing around 3.39 times.
Who are the promoters of Sancode Technologies Limited? #
The promoters of Sancode Technologies Limited are Amit Vijay Jain, Khushboo Jain, Mihir Deepak Vora, and ZNL Startup Accelerator LLP.
What are the key business segments of Sancode Technologies Limited? #
Sancode Technologies Limited is involved in IT software and related product developments. The company provides an API-enabled platform and solutions for digital transformation, workflow automation, AI, ML, RPA, and Data Analytics, among others. It has a customer base primarily in the United States of America.
