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Sancode Technologies IPO vs Sotac Pharmaceuticals IPO

Comparison between Sancode Technologies IPO and Sotac Pharmaceuticals IPO.

IPO Details

Sancode Technologies IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Sotac Pharmaceuticals IPO is a SME Bookbuilding proposed to list at NSE SME.

 Sancode Technologies IPOSotac Pharmaceuticals IPO
LogoSancode Technologies IPO LogoSotac Pharmaceuticals IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersShreni Shares Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerShreni Shares Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Sancode Technologies IPO is up to ₹4.88 Cr whereas the issue size of the Sotac Pharmaceuticals IPO is up to ₹31.64 Cr. The final issue price of Sancode Technologies IPO is ₹47.00 per share and of Sotac Pharmaceuticals IPO is ₹111.00 per share.

 Sancode Technologies IPOSotac Pharmaceuticals IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹105.00 per share
Issue Price (Upper)₹111.00 per share
Issue Price (Final)₹47.00 per share₹111.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1200 shares
Fresh Issue Size10,38,000 shares28,50,000 shares
Fresh Issue Size (Amount)up to ₹4.88 Crup to ₹31.64 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total10,38,000 shares28,50,000 shares
Issue Size Total (Amount)up to ₹4.88 Crup to ₹31.64 Cr

IPO Timetable

Sancode Technologies IPO opens on Mar 31, 2023, while Sotac Pharmaceuticals IPO opens on Mar 29, 2023. The closing date of Sancode Technologies IPO and Sotac Pharmaceuticals IPO is Apr 06, 2023, and Apr 03, 2023, respectively.

 Sancode Technologies IPOSotac Pharmaceuticals IPO
Anchor Bid DateMar 28, 2023
Issue OpenMar 31, 2023Mar 29, 2023
Issue CloseApr 06, 2023Apr 03, 2023
Basis Of Allotment (Tentative)Apr 12, 2023Apr 10, 2023
Initiation of Refunds (Tentative)Apr 13, 2023Apr 11, 2023
Credit of Share (Tentative)Apr 17, 2023Apr 12, 2023
Listing date (Tentative)Apr 18, 2023Apr 13, 2023
Anchor Lockin End date 1May 10, 2023
Anchor Lockin End date 2Jul 09, 2023

Financials & KPIs

Sancode Technologies IPO P/E ratio is 10.71, as compared to Sotac Pharmaceuticals IPO P/E ratio of 132.14.

 Sancode Technologies IPOSotac Pharmaceuticals IPO
Financials
Sancode Technologies Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20330.4543.08-112.98220.83197.950.22
31-Mar-21313.96159.74-26.17223.56200.6963.73
31-Mar-22349.87244.8175.12287.07264.1920.76
30-Sep-22481.26180.6289.36367.54344.6721.20
Amount in ₹ Lakhs
Sotac Pharmaceuticals Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-203,038.212,882.648.75305.7375.7315.13
31-Mar-213,469.754,894.97-236.54249.3619.361,035.80
31-Mar-223,525.357,337.02287.86662.19432.191,134.59
30-Sep-226,461.603,994.6546.55797.41567.412,185.52
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)97.4784.63
Promoter Shareholding (Post-Issue)71.24
P/E Ratio10.71132.14
Market Cap₹19.12 Cr.₹122.66 Cr.
ROE6.38%
ROCE19.03%
Debt/Equity2.74
EPS
RoNW

Shares Offered

In the Sancode Technologies IPO Retail Individual Investors (RII) are offered 5,19,000 shares while in Sotac Pharmaceuticals IPO retail investors are offered 5,19,000 shares. Qualified Institutional Buyers (QIB) are offered in Sancode Technologies IPO and 5,70,000 shares in Sotac Pharmaceuticals IPO.

 Sancode Technologies IPOSotac Pharmaceuticals IPO
Anchor Investor Reserveration8,53,200 shares
Market Maker Reserveration57,000 shares1,50,000 shares
QIB5,70,000 shares
NII5,19,000 shares4,28,400 shares
RII5,19,000 shares9,98,400 shares
Employee
Others
Total10,38,000 shares28,50,000 shares

Bids Received (Subscription)

Sancode Technologies IPO subscribed 3.68x in total, whereas Sotac Pharmaceuticals IPO subscribed 1.60x.

 Sancode Technologies IPOSotac Pharmaceuticals IPO
QIB (times)1.00x
NII (times)3.98x4.04x
Big NII (times)
Small NII (times)
RII (times)3.39x0.91x
Employee (times)
Other (times)
Total (times)3.68x1.60x