Sancode Technologies IPO Details | GMP, Date, Price, Review

Sancode Technologies IPO Details Sancode IPO GMP, Sancode Tech IPO Date, Sancode Technologies IPO Price, Sancode Tech IPO Review, Sancode IPO Allotment

Sancode IPO Details ( Sancode Tech IPO Review )

(31 Mar 2023 – 06 Apr 2023)

Sancode Technologies Limited, established in 2016, specializes in the creation of software platforms and solutions that are API-based.

Sancode Technologies Limited offers readily available business logic and solution workflows that are simple to implement, catering to clients who require services in digital transformation, workflow automation, Artificial Intelligence (AI), Machine Learning (ML), Robotic Process Automation (RPA), Data Analytics, Metaverse, Web3 applications, as well as System Integration areas.

Sancode Technologies is involved in offshore software development projects, digital transformation, cloud migration, advanced analytics, Robotic Process Automation, as well as machine learning and AI projects. Their services extend to emerging niche segments such as Internet and Intranet website applications, enterprise solutions software, resource planning, e-commerce, value-added products, and other business applications, which are provided to corporations worldwide.

Sancode Technologies primarily serves customers based in the United States of America, with clients from various industries such as manufacturing, Fast-Moving Consumer Goods (FMCG), banks and financial institutions, retail, and real estate.

Sancode Technologies Limited Company Product

  1. Software development/Application products
    • Business process automation
    • Employee training modules
    • Stock out prediction
    • Sales and revenue forecast
    • Marketing Return on Investment
  2. Tech Services
    • White labeled customer feedback solution
    • Integrations
    • API generations
    • Cloud services
  3. Consulting Services
    • Business logic
    • Business process optimization
    • Quantifying and prioritizing problems in the business

Sancode Technologies Limited IPO Competitive Strength

  • Software product and solutions for finance automation
  • Clients in international market
  • Wide Service Portfolio
  • Experience of our Promoters and senior management team.

Sancode IPO Financials Performance ( Results )

Sancode Technologies Limited Financial Information ( Restated Consolidated )

All Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenuePATEPS
Net WorthNAV

Objective of IPO Issue

  • Funding working capital requirements.
  • General corporate purposes.

Sancode IPO Basic Details

IPO DateMar 31, 2023 to Apr 06, 2023
Listing DateTuesday, April 18, 2023
Face Value₹10 per share
Price₹47 per share
Lot Size3000 Shares
Issue Size1,095,000 shares
(aggregating up to ₹5.15 Cr)
Fresh Issue1,095,000 shares
(aggregating up to ₹5.15 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
NII (HNI) Shares Offered50% of the Offer
Retail Shares Offered50% of the Offer
Company PromotersAmit Vijay Jain, Khushboo Jain,
Mihir Deepak Vora And
Znl Startup Accelerator Llp

Sancode IPO Timetable

Sancode IPO will open on Mar 31, 2023 and close on Apr 06, 2023. You can join Sancode IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening DateMar 31, 2023
Closing DateApr 6, 2023
Basis of AllotmentApr 12, 2023
Initiation of RefundsApr 13, 2023
Credit of Shares to DematApr 17, 2023
Listing DateApr 18, 2023

Sancode IPO Lot Size

For retail investors in Sancode IPO, 3000 shares will come in 1 lot or the minimum investment will be ₹141,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹141,000.

Retail (Min)13000₹141,000
Retail (Max)23000₹141,000
S-HNI (Min)26000₹282,000

Sancode IPO Promoter Holding

Pre Issue Share Holding97.47%
Post Issue Share Holding

Sancode IPO Valuation – FY2022

Earning Per Share (EPS)₹2.12 per Equity Share
Price/Earning P/E Ratio22.17
Return on Net Worth (RoNW)21.93%
Net Asset Value (NAV)₹9.65 per Equity Share
Upper Price/Book Value (Price/BV) Ratio2.28

Sancode Technologies Ltd Peer Comparison

As per the offer document, the company has no listed peers to compare with

Sancode IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
13 April 2023₹2
12 April 2023₹1
11 April 2023₹-5
10 April 2023₹-6
9 April 2023₹-5
8 April 2023₹-4
7 April 2023₹-5
6 April 2023₹-4
5 April 2023₹-5
4 April 2023₹0
3 April 2023₹0
2 April 2023₹0
1 April 2023₹0
31 March 2023₹0
30 March 2023₹0
29 March 2023₹0

Sancode IPO Detail Video:

Sancode IPO Subscription Status (Bidding Detail)

The Sancode IPO on Apr 06, 2023 at 5:54:00 PM was subscribed 3.68 times, with the retail category being subscribed 3.39 times, the NII (Non-Institutional Investor) category being subscribed 3.98 times.


Sancode IPO Prospectus

Sancode Tech IPO DRHPDownload
Sancode Tech IPO RHPDownload

Sancode IPO Rating

Our Rating2.0/5.0

Sancode Compnay Contact Information


Registered Office: 107, Prime Plaza, J.V. Patel Compound,
B.M. Road, Opp. Elphinstone Stn. Mumbai – 400013, Maharashtra, India
Tel: 022-49622853
Contact Person: Narendra Gupta, Company Secretary and Compliance Officer
CIN: U74900MH2016PLC280315

Sancode IPO Registrar


Registered Office: Office No S6-2, 6th floor Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves
Road, Andheri (East) Mumbai – 400 093, Maharashtra, India.
Telephone: 022 – 6263 8200 | Fax No. 022 6263 8280
Investor grievance e-mail:
Contact Person: Swapnil Kate
SEBI Registration No.: INR000001385

Sancode IPO Lead Manager


Registered Office: Office No. 102, 1st Floor, Sea Lord CHS,
Plot No. 1/B, 1/A, Survey No. A-12, Ram Nagar,
Borivali (West), Mumbai- 400 092, Maharashtra, India.
Telephone: +91-22-2808 8456
Investors Grievance e-mail:
Contact Person: Krunal Pipalia
SEBI Registration Number: INM000012759

Sancode IPO FAQs

What is the lot size of Sancode IPO?

The total size of Sancode IPO is ₹5.15 crores and this is a complete fresh Issue.

When will Sancode IPO start?

Sancode IPO will Open from 31 March 2023 and IPO will Close on 06 April 2023.

What is the open date of Sancode IPO?

Sancode IPO will open date from 31 April 2023.

What is the last date ( close date ) of Sancode IPO?

Sancode IPO will close from 06 April 2023.

What is the price band of Sancode IPO?

Sancode IPO price band is ₹47.

What is the minimum amount required to apply for Sancode IPO?

The minimum investment for retailers to apply for Sancode IPO is ₹141,000 and the maximum investment is ₹141,000.

What is going on gray market premium of Sancode IPO?

View gray market premium of Sancode IPO by Clicking Here

How much is the GMP of Sancode IPO?

Watch Sancode IPO GMP Today: Click Here

What is the allotment date of Sancode IPO?

The allotment date of Sancode IPO is 12 April 2023.

How to check allotment status in Sancode IPO?

To check the allotment status of Sancode IPO, first of all go to the registrar website by clicking here, select your bad Sancode IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Sancode IPO?

The listing date of Sancode IPO is 18 April 2023.

How much will be the listing gain in Sancode IPO?

View listing gain of Sancode IPO by Clicking Here

How much time Sancode IPO is subscribed?

Total 3.68 times subscribed in Sancode IPO out of which 3.39 times subscription was done in retail quota and 3.98 times subscription in NII quota.

How to apply for Sancode IPO from Upstox?

Click Here to see how to apply for Sancode IPO from Upstox. (step by step)

How to apply for Sancode IPO from Zerodha?

Click Here to see how to apply for Sancode IPO from Zerodha. (step by step)

How to apply for Sancode IPO from Angle One?

Click Here to see how to apply for Sancode IPO from Angle One. (step by step)

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