Sancode Technologies IPO

Small CapIT Services & ConsultingSME

IPO Details

Bidding Dates

31 Mar '23 - 06 Apr '23

Minimum Investment

₹141,000 / 1 Lots ( 3000 Shares )

Price Range

₹47

Maximum Investment

₹141,000 / 1 Lots ( 3000 Shares )

Retail Discount

To be announced

Issue Size

₹5.15 Cr

Investor category and sub category

Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Mar 31, 23

IPO Closing Date

Apr 6, 23

Basis of Allotment

Apr 12, 23

Initiation of Refunds

Apr 13, 23

Credit of Shares to Demat Account

Apr 17, 23

Listing Date

Apr 18, 23

Sancode Technologies IPO Subscription Details

Date	NII	Retail	Total
Day 1Mar 31 2023	0.00	0.17	0.09
Day 2Apr 3 2023	0.54	0.42	0.48
Day 3Apr 5 2023	1.54	1.27	1.41
Day 4Apr 6 2023	3.98	3.39	3.68

About Company

Sancode Technologies, a software and product development company, enables its clients to close the gap between business and technology through faster digital adoption. It offers API-based software platforms and solutions to permit faster digital adoption by companies.

As a new-age technology company, Sancode offers solutions in Digital transformation, Workflow Automation, Artificial Intelligence (AI) & Machine Learning, Robotic Process Automation, Data Analytics, Metaverse & Web3 implementation, and System Integration.

The company is the offshore technology partner of its USA clients, who it caters to through subsidiaries - Zsolt Ventures Inc. and Dhruva Advisors USA Inc.

Sancode's diversified client base includes manufacturing, banking & finance, FMCG, retail, and real estate companies.

Sancode Technologies IPO will open on the BSE SME segment on March 31, 2022. Investors can bid for the offer from March 31 to April 06, 2023. The company aims to haul Rs. 5.15 crore from 1,095,000 equity shares through a fixed-price issue. Sancode Technologies Ltd. IPO will be available at a fixed rate of Rs. 47 per share.

Retail investors can bid for one lot of 3000 shares.

Sancode Technologies Ltd. IPO Objective

The net proceeds will be utilised to meet working capital requirements and general corporate purposes.

Should you invest in Sancode Technologies Ltd.?

These are the top reasons to consider investing in Sancode Technologies Limited.

Sancode invests in future technologies and collaborates with companies working on providing deep-tech technology solutions.
The company has multiple revenue-generating sources backed by a diversified product suite.

Sancode Technologies Ltd. Noteworthy highlights

As a technology outsourcing partner of several US companies, Sancode Technologies derives its revenue primarily from offshore clients.
India enjoys a unique position in leading technological innovations as a global IT powerhouse. A boost in the growth of the Indian IT-BPM will benefit companies like Sancode Technologies.

Sancode Technologies Company Financials

Particulars	Period ending on September 30, 2022	Year ending on March 31, 2022
Revenue from Operations	142.49	243.85
Profit After Tax (PAT) (consolidated)	66.12	62.94
PAT Margin	46.40%	25.81%
EBITDA	114.89	40.92
EBITDA Margin	80.63%	16.78%
EPS	2.54	2.42

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.

How to Apply in IPO
How to Check IPO Allotment Status

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Sancode Technologies IPO FAQs

What is Sancode Technologies Ltd. IPO?

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 3000 shares.

When will Sancode Technologies Ltd. IPO allotment available?

The basis of the allotment date is April 12, 2023.

What will be the Sancode Technologies Ltd. IPO lot size?

One lot of Sancode Technologies Ltd. IPO has 3000 shares.

When will Sancode Technologies Ltd. IPO open for subscription?

The IPO will open on March 31, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot of 3000 shares.

When will Sancode Technologies Ltd. list on exchanges?

The listing date of Sancode Technologies Ltd. on BSE SME is April 18, 2023.

How to check the allotment status of Sancode Technologies Ltd. IPO?

You can check the allotment status of your IPO application from the Angel One app. To check the allotment status, enter the application number, DP ID, and PAN number into the app.

What would be the listing gains on the Sancode Technologies Ltd. IPO?

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.

I have finished the application process for Sancode Technologies Ltd. IPO, but the funds are not yet debited. What is the reason?

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.