Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Fri, Mar 31, 2023 - Thu, Apr 6, 2023
Sancode Technologies IPO is a fixed price issue of ₹5.15 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹5.15 crore.
Sancode Technologies IPO bidding started from Mar 31, 2023 and ended on Apr 6, 2023. The allotment for Sancode Technologies IPO was finalized on Apr 12, 2023. The shares got listed on BSE SME on Apr 18, 2023.
Sancode Technologies IPO price is ₹47 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,41,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,82,000.
Shreni Shares Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to Sancode Technologies IPO RHP for detailed Information.
IPO Open
Fri, Mar 31, 2023
IPO Close
Thu, Apr 6, 2023
Issue Price
₹47 per share
Market Cap (Pre-IPO)
₹19.12 Cr
| IPO Date | 31 Mar to 6 Apr, 2023 |
| Listed on | Tue, Apr 18, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹47 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 10,95,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 57,000 shares Shreni Shares Ltd. (agg. up to ₹0.2679 Cr) |
| Fresh Issue (Ex Market Maker) | 10,38,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 10,38,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 29,73,867 shares |
| Share Holding Post Issue | 40,68,867 shares |
| BSE Script Code | 543897 |
| ISIN | INE0P7001013 |
Sancode Technologies IPO comprises a total issue size of 10,95,000 shares. The net offer to the public is 10,38,000 shares, after excluding 57,000 shares allotted on a firm basis. Of the Net offer 5,19,000 (50.00%) allocated to NII 5,19,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,19,000 | 50.00% | 47.40% |
| Retail Shares Offered | 5,19,000 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 57,000 | 5.21% | |
| Total Shares Offered | 10,95,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,41,000 |
| Retail (Max) | 1 | 3,000 | ₹1,41,000 |
| HNI (Min) | 2 | 6,000 | ₹2,82,000 |
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.
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 4.81 | 3.50 | 3.14 | 3.30 |
| Total Income | 1.81 | 2.45 | 1.60 | 0.43 |
| Profit After Tax | 0.89 | 0.75 | -0.26 | -1.13 |
| NET Worth | 3.68 | 2.87 | 2.24 | 2.21 |
| Reserves and Surplus | 3.45 | 2.64 | 2.01 | 1.98 |
| Total Borrowing | 0.21 | 0.21 | 0.64 | 0.00 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements; | 3.73 |
| 2 | General corporate purposes | 0.98 |
| KPI | |
|---|---|
| RoNW | 21.93 |
| PAT Margin | 25.81% |
| EBITDA Margin | 16.78% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.42 | |
| P/E (x) | 10.71 | |
| Promoter Holding | 97.47% | 71.24% |
| Market Cap | ₹19.12 Cr. |
The Sancode Technologies IPO is subscribed 3.68 times on April 6, 2023 7:02:00 PM (Day 4). The public issue subscribed 3.39 times in the retail category, [.] times in the QIB category, and 3.98 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 3.98 | 5,19,000 | 20,64,000 |
| Retail | 3.39 | 5,19,000 | 17,58,000 |
| Total | 3.68 | 10,38,000 | 38,22,000 |
Total Application : 815
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.11 |
| 2 | Brokerage, selling commission and upload fees | 0.00 |
| 3 | Registrar to the Issue | 0.02 |
| 4 | Legal Advisors | 0.01 |
| 5 | Advertising and marketing expenses | 0.09 |
| 6 | Regulators including stock exchanges | 0.02 |
| 7 | Printing and distribution of offer stationary | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.19 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹47.00 |
| Open | ₹64.00 |
| Low | ₹60.80 |
| High | ₹67.20 |
| Last Trade | ₹60.80 |
Lead Manager Reports
Sancode Technologies IPO is a SME IPO of 10,95,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹47 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Mar 31, 2023, and closes on Thu, Apr 6, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sancode Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Sancode Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sancode Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sancode Technologies IPO opens on Fri, Mar 31, 2023 and closes on Thu, Apr 6, 2023.
Sancode Technologies IPO lot size is 3000, and the minimum amount required for application is ₹1,41,000.
You can apply in Sancode Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sancode Technologies IPO will be done on Wednesday, April 12, 2023, and the allotted shares will be credited to your demat account by Mon, Apr 17, 2023. Check the Sancode Technologies IPO allotment status.
The Sancode Technologies IPO listing date is on Tue, Apr 18, 2023.
