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
- Software development/Application products
- Business process automation
- Employee training modules
- Stock out prediction
- Sales and revenue forecast
- Marketing Return on Investment
- Tech Services
- White labeled customer feedback solution
- Integrations
- API generations
- Cloud services
- 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 Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 330.45 | 43.08 | -112.98 | -3.81 | 220.83 | 7.44 | 197.95 | 0.22 |
| 31-Mar-21 | 313.96 | 159.74 | -26.17 | -0.15 | 223.56 | 7.52 | 200.69 | 63.73 |
| 31-Mar-22 | 349.87 | 244.81 | 75.12 | 2.12 | 287.07 | 9.65 | 264.19 | 20.76 |
| 30-Sep-22 | 481.26 | 180.62 | 89.36 | 2.22 | 367.54 | 12.36 | 344.67 | 21.20 |
Objective of IPO Issue
- Funding working capital requirements.
- General corporate purposes.
Sancode IPO Basic Details
| IPO Date | Mar 31, 2023 to Apr 06, 2023 |
| Listing Date | Tuesday, April 18, 2023 |
| Face Value | ₹10 per share |
| Price | ₹47 per share |
| Lot Size | 3000 Shares |
| 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 | Book Built Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the Offer |
| Retail Shares Offered | 50% of the Offer |
| Company Promoters | Amit 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.
| Event | Date |
| Opening Date | Mar 31, 2023 |
| Closing Date | Apr 6, 2023 |
| Basis of Allotment | Apr 12, 2023 |
| Initiation of Refunds | Apr 13, 2023 |
| Credit of Shares to Demat | Apr 17, 2023 |
| Listing Date | Apr 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.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹141,000 |
| Retail (Max) | 2 | 3000 | ₹141,000 |
| S-HNI (Min) | 2 | 6000 | ₹282,000 |
Sancode IPO Promoter Holding
| Pre Issue Share Holding | 97.47% |
| Post Issue Share Holding | – |
Sancode IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹2.12 per Equity Share |
| Price/Earning P/E Ratio | 22.17 |
| Return on Net Worth (RoNW) | 21.93% |
| Net Asset Value (NAV) | ₹9.65 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | 2.28 |
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
| Date | GMP | Kostak | Subject 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.
| Category | Subscription |
| NII | 3.98x |
| Retail | 3.39x |
| Total | 3.68x |
Sancode IPO Prospectus
Sancode IPO Rating
| Our Rating | 2.0/5.0 |
Sancode Compnay Contact Information
SANCODE TECHNOLOGIES LIMITED
Registered Office: 107, Prime Plaza, J.V. Patel Compound,
B.M. Road, Opp. Elphinstone Stn. Mumbai – 400013, Maharashtra, India
Tel: 022-49622853
E-mail: investor@sancodetech.com
Website: https://www.sancodetech.com/
Contact Person: Narendra Gupta, Company Secretary and Compliance Officer
CIN: U74900MH2016PLC280315
Sancode IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
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
E-mail: ipo@bigshareonline.com
Investor grievance e-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Swapnil Kate
SEBI Registration No.: INR000001385
Sancode IPO Lead Manager
SHRENI SHARES PRIVATE LIMITED
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
E-mail: shrenishares@gmail.com
Investors Grievance e-mail: info@shreni.in
Contact Person: Krunal Pipalia
Website: www.shreni.in
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?
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How to apply for Sancode IPO from Zerodha?
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How to apply for Sancode IPO from Angle One?
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