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, 2023
IPO Closing Date
Apr 6, 2023
Basis of Allotment
Apr 12, 2023
Initiation of Refunds
Apr 13, 2023
Credit of Shares to Demat Account
Apr 17, 2023
Listing Date
Apr 18, 2023
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 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | [.] |
| Non-Institutional Buyers | 3.98 |
| Retail Investors | 3.39 |
| Employees | [.] |
| Other | [.] |
| Total | 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 | 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 |
Know before investing
Strengths
3-
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
3-
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.
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Sancode Technologies IPO FAQs
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.
The basis of the allotment date is April 12, 2023.
One lot of Sancode Technologies Ltd. IPO has 3000 shares.
The IPO will open on March 31, 2023.
Retail investors can apply for a minimum of one lot of 3000 shares.
The listing date of Sancode Technologies Ltd. on BSE SME is April 18, 2023.
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.
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.
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.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 3000 shares.
