Sancode Technologies IPO GMP, Review, Price, Allotment

Last updated on April 18, 2023

Sancode Technologies IPO description – Incorporated in 2016, Sancode Technologies is a software and product development company offering an API-enabled platform and solutions. The company delivers solutions to its customers by working in collaboration with a network of implementation partners in the following areas:

• Digital transformation
• Workflow automation
• Artificial intelligence (AI) and Machine learning (ML)
• Robotic Process Automation (RPA) and Data Analytics
• Metaverse and Web3 applications
• System Integration

The company has evolved its business to develop, provide, undertake, design, distribute, and deal in systems and application software, undertake offshore software development projects, digital transformation, cloud migration, advance analytics, robotic process automation, machine learning, and AI projects.

Sancode Technologies offers its services across industries and a diversified customer base mostly in the United States of America including clients from manufacturing, FMCG, banks and financial institutions, retail, and real estate.

Promoters of Sancode Technologies – Amit Vijay Jain, Khushboo Jain, Mihir Deepak Vora and ZNL Startup Accelerator LLP

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Sancode Technologies IPO Details

Sancode Technologies IPO Dates	31 March – 6 April 2023
Sancode Technologies IPO Price	INR 47 per share
Fresh issue	10,95,000 shares (INR 5.15 crores)
Offer For Sale	Nil
Total IPO size	10,95,000 shares (INR 5.15 crores)
Minimum bid (lot size)	3,000 shares (INR 141,000)
Face Value	INR 10 per share
Retail Allocation	50%
Listing On	BSE SME

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Sancode Technologies Financial Performance

	FY 2020	FY 2021	FY 2022	H1 FY 2023
Revenue	12.67	155.62	243.86	142.49
Expenses	189.64	188.52	204.46	66.14
Net income	(112.94)	(4.60)	62.95	66.12

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Sancode Technologies Offer News

• Sancode Technologies RHP
• Sancode Technologies Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Allotment Status

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Sancode Technologies Valuations & Margins

	FY 2020	FY 2021	FY 2022
EPS	(3.81)	(0.15)	2.42
PE ratio	–	–	19.42
RONW (%)	(51.15)	(2.06)	21.93
NAV	7.44	7.52	9.65
EBITDA (%)	(1148.62)	(17.89)	16.78

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Sancode Technologies IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
–	–	–	–

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Sancode Technologies IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	547,500	547,500	1,095,000
6 Apr 2023	3.88	3.28	3.58
5 Apr 2023	1.46	1.22	1.34
3 Apr 2023	0.52	0.40	0.46
31 Mar 2023	0.11	0.20	0.15

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Sancode Technologies Offer Lead Manager

SHRENI SHARES PRIVATE LIMITED
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
Phone: +91-22-2808 8456
Email: [email protected]
Website: www.shreni.in

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Sancode Technologies Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com

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Sancode Technologies Contact Details

SANCODE TECHNOLOGIES LIMITED
107, Prime Plaza, J.V. Patel Compound, B.M. Road,
Opp. Elphinstone Stn. Mumbai -400013, Maharashtra
Phone: 022-49622853
E-mail: [email protected]
Website: www.sancodetech.com

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Sancode Technologies IPO Allotment Status

Sancode Technologies IPO allotment status is now available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.

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Sancode Technologies IPO Dates & Listing Performance

IPO Opening Date	31 March 2023
IPO Closing Date	6 April 2023
Finalisation of Basis of Allotment	12 April 2023
Initiation of refunds	13 April 2023
Transfer of shares to demat accounts	17 April 2023
Sancode Technologies IPO Listing Date	18 April 2023
Opening Price on BSE SME	INR 60 per share (up 27.66%)
Closing Price on BSE SME	INR 60.80 per share (up 29.36%)

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Sancode Technologies IPO FAQs