Sancode Technologies Limited IPO Detail
Incorporated in 2016, Sancode Technologies Limited develops API-based software platforms and solutions.
The company provides easy-to-implement pre-built business logic and solution workflows for clients in digital transformation, workflow automation, Artificial intelligence (AI), Machine learning (ML), Robotic Process Automation (RPA), and Data Analytics, Metaverse, and Web3 applications, System Integration areas.
Sancode Technologies undertakes offshore software development projects, digital transformation, cloud migration, advance analytics, Robotic process automation, machine learning, and AI projects including those in emerging niche segments like Internet and Intranet website applications, enterprise solutions software, resource planning, e-commerce, value-added products and other business applications for corporations across the globe.
The company's customer base sits majorly in the United States of America which includes clients from manufacturing, FMCG, banks and financial institutions, retail, and real estate.
Company Promoters
Amit Vijay Jain, Khushboo Jain, Mihir Deepak Vora, and ZNL Startup Accelerator LLP are the company promoters.IPO Details
| IPO Opening Date | Mar 31, 2023 |
| IPO Closing Date | Apr 06, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹47 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹5.15 Cr |
| Fresh Issue | 1,095,000 shares (aggregating up to ₹5.15 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Tentative Timetable
The Sancode Technologies Limited IPO open date is Mar 31, 2023, and the close date is Apr 06, 2023. The issue may list on Apr 18, 2023.
| IPO Open Date | Mar 31, 2023 |
| IPO Close Date | Apr 06, 2023 |
| Basis of Allotment Date | Apr 12, 2023 |
| Initiation of Refunds | Apr 13, 2023 |
| Credit of Shares to Demat Account | Apr 17, 2023 |
| IPO Listing Date | Apr 18, 2023 |
IPO Lot Size
The Sancode Technologies Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹141000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹141000 |
| Maximum | 1 | 3000 | ₹141000 |
IPO Promoter Holding
| Pre Issue Share Holding | 97.47% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 313.96 | 159.74 | -26.17 |
| 31-Mar-22 | 349.87 | 244.81 | 75.12 |
| 30-Sep-22 | 481.26 | 180.62 | 89.36 |
Objects of the Issue:
The proceeds from the issue will be used for the following objects:
1. Funding working capital requirements.
2. General corporate purposes.
Sancode Technologies Limited IPO Registrar:
Bigshare Services Pvt Ltd
Sancode Technologies Limited IPO Lead Manager(s):
SHRENI SHARES PRIVATE LIMITED
Company Contact Information:
Sancode Technologies Limited
107, Prime Plaza, J.V. Patel Compound, B.M. Road, Opp. Elphinstone Stn.
Mumbai
Mumbai
