Sancode Technologies Limited IPO 2023 Price & Allotment

Sancode Technologies IPO

Sancode Technologies Limited IPO

Note: Sancode Technologies Limited IPO  is a BSE SME IPO. They are going to raise ₹5.15 Crores via IPO. The issue is a price range of ₹47 per Equity Share. The IPO is to be listed on BSE SME.

Sancode Technologies is incorporated in 2016, the company develops API-based software platforms and solutions.

Sancode Technologies provides easy-to-implement pre-built business logic and solution workflows for clients in Artificial intelligence (AI), Machine learning (ML), Robotic Process Automation (RPA), digital transformation, Metaverse, and Web3 applications, workflow automation, Data Analytics, System Integration areas.

Sancode Technologies also undertakes offshore software development projects, Robotic process automation, advance analytics, machine learning, digital transformation, cloud migration, 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.

Sancode customer’s base sits majorly in the United States of America which includes clients from manufacturing, FMCG, banks and financial institutions, retail, and real estate.

Sancode Technologies Limited IPO Financial Reports

Sancode Technologies Limited Financial Information (Restated Consolidated)
Period Ended Total Assets Total Revenue Profit After Tax Net Worth Reserves and Surplus Total Borrowing
31-Mar-20 330.45 43.08 -146.56 220.83 197.95 0.22
31-Mar-21 313.96 159.74 -26.17 223.56 200.69 63.73
31-Mar-22 349.87 244.81 75.12 287.07 264.19 20.76
30-Sep-22 481.26 180.62 89.36 367.54 344.67 21.20
Amount in ₹ Lakhs

Sancode Technologies Limited IPO Date & Price Band 

IPO Open: March 31, 2023
IPO Close: April 06, 2023
IPO Size: Approx ₹5.15 Crores
Face Value: ₹10 Per Equity Share
IPO Price Band: ₹47 per Equity Share
IPO Listing on: BSE SME
Retail Quota: 50%
QIB Quota: -%
HNI Quota: 50%

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Sancode Technologies Limited IPO Market Lot

The Sancode Technologies IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lot (3000 shares or ₹141,000

Application Lots Shares Amount
Retail (Min) 1 3000 ₹141,000
Retail (Max) 1 3000 ₹141,000
HNI (Min) 2 6,000 ₹282,000

Sancode Technologies IPO Allotment & Listing Dates

Sancode Technologies IPO opens on Mar 31, 2023, and closes on Apr 6, 2023. The IPO allotment date is April 12 and the Sancode Technologies Limited IPO  listing is April 18, 2023.

Event Tentative 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
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Sancode Technologies IPO Prospectus

Official website of Sancode Technologies Limited

Sancode Technologies Limited Official Website is https://www.sancodetech.com/

The registered address of Vertexplus Technologies Limited

Sancode Technologies Limited
107, Prime Plaza,
J.V. Patel Compound, B.M. Road,
Opp. Elphinstone Stn. Mumbai – 400013
Phone: 022-49622853
Email: investor@sancodetech.com
Websitehttps://www.sancodetech.com/

Sancode Technologies IPO Company Promoter

  1. Amit Vijay Jain, Khushboo Jain, Mihir Deepak Vora, and ZNL Startup Accelerator LLP are the company promoters.

Sancode Technologies IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttps://www.bigshareonline.com/

Sancode Technologies IPO Lead Managers

  1. SHRENI SHARES PRIVATE LIMITED

Frequently Asked Questions (FAQ):

Question: What is Vertexplus Technologies Limited IPO?

Answer: Sancode Technologies Limited IPO  is a BSE SME IPO. They are going to raise ₹5.15 Crores via IPO. The issue is a price range of ₹47 per Equity Share. The IPO is to be listed on BSE SME.  

Question: When will Sancode Technologies Limited IPO open?

Answer: The IPO will open for HNI, and Retail Investors on March 31, 2023.  

Question: What is Sancode Technologies Limited IPO Investors Portion?

Answer: The investors’ portion for HNI is 50%, and Retail is 50%.  

Question: What is Sancode Technologies Limited IPO Size?

Answer: The IPO size is ₹5.15 crores.  

Question: What is Sancode Technologies Limited IPO Price Band?

Answer: The IPO Price range of ₹47  per equity share.  

Question: What is Sancode Technologies Limited IPO Minimum and Maximum Lot Size?

Answer: The Sancode Technologies IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lot (3000 shares or ₹141,000
Application Lots Shares Amount
Retail (Min) 1 3000 ₹141,000
Retail (Max) 1 3000 ₹141,000
HNI (Min) 2 6,000 ₹282,000
 

Question: What is Sancode Technologies Limited IPO Allotment?

Answer: The IPO allotment date is April 12, 2023.  

Question: What is Sancode Technologies Limited IPO Listing?

Answer: The IPO listing date is April 18, 2023. The IPO to list on BSE SME.

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