Sancode Technologies Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

31 Mar 2023

Close Date

06 Apr 2023

Allotment

12 Apr 2023

Listing Date

18 Apr 2023

Exchange

BSE SME

Price Band

₹47

Listing Price

See chart

Allotment Status

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Price Band

₹47

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

10,95,000 shares (aggregating up to ₹5.15 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹141,000

1 lot

Pre-IPO Holding

29,73,867 shares

Promoters

Post-IPO Holding

40,68,867 shares

Promoters

P/E (Pre)

10.71x

UPI Deadline

2023-04-06

Mandate

Anchor AllotmentThu, 30 Mar 2023

Basis of AllotmentWed, 12 Apr 2023

Refund InitiationThu, 13 Apr 2023

Demat CreditMon, 17 Apr 2023

Listing DayTue, 18 Apr 2023

UPI Mandate Deadline2023-04-06

Sale TypeFresh Capital

Net Offer to Public10,38,000 shares (aggregating up to ₹4.88 Cr)

Market Maker Quota57,000 shares (aggregating up to ₹0.2679 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Sancode Technologies Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 06 Apr 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	57,000	—	₹0.27
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,095,000	100%	₹5.15

IPO Shares Offered

Sancode Technologies Ltd IPO total issue size: ₹5.15 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	57,000	₹0.27	5.21%
Total	1,095,000	₹5.15	100.00%

* Based on upper price band ₹47 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹47.00

Upper Band

Min Investment

₹141,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹282,000
Retail (Max — 13 Lots)	13	39,000	₹1,833,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,974,000
B-HNI (Min — 68 Lots)	68	204,000	₹9,588,000

* Issue Price ₹47 × Lot Size 3,000 shares

IPO Schedule

Anchor

30 Mar 2023

✓ Done

IPO Open

31 Mar 2023

✓ Done

IPO Close

06 Apr 2023

✓ Done

Allotment

12 Apr 2023

✓ Done

Refunds

13 Apr 2023

✓ Done

Demat Credit

17 Apr 2023

✓ Done

Listing Day

18 Apr 2023

✓ Done

₹47.00

INR · BSE

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Issue ₹47.00 Live Price

About Sancode Technologies Ltd

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.

Objects of the Issue

Funding working capital requirements;

General corporate purposes

Sancode Technologies Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹159.7

31-Mar-21

₹244.8

31-Mar-22

₹180.6

30-Sep-22

Profit After Tax (PAT)

-₹26.2

31-Mar-21

₹75.1

31-Mar-22

₹89.4

30-Sep-22

Particulars	30-Sep-22	31-Mar-22	31-Mar-21
Revenue from Operations	180.62	244.81	159.74
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	89.36	75.12	-26.17
Net Worth	367.54	287.07	223.56
Total Assets	481.26	349.87	313.96
Reserves & Surplus	344.67	264.19	200.69
Borrowings	21.20	20.76	63.73
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered10,95,000 (100.00%)

Net Offer to Public10,38,000 shares (aggregating up to ₹4.88 Cr)

Reserved for Market Maker57,000 shares (aggregating up to ₹0.2679 Cr)

Pre-Issue Promoter Holding29,73,867 shares

Post-Issue Promoter Holding40,68,867 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Shreni Shares Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Sancode Technologies Ltd IPO subscribed? ▲

Sancode Technologies Ltd IPO is subscribed 1.00 times by Apr 06, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Sancode Technologies Ltd IPO retail subscription status? ▼

The Sancode Technologies Ltd IPO retail category is subscribed 1.00 times as of 06 Apr 2023. The retail portion is oversubscribed.

How to subscribe Sancode Technologies Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 31 Mar 2023 and closes 06 Apr 2023. Min investment: ₹141,000 (1 lot = 3,000 shares). UPI mandate: 2023-04-06.

How many times Sancode Technologies Ltd IPO subscribed? ▼

The Sancode Technologies Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Sancode Technologies Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 12 Apr 2023. Refunds: on 13 Apr 2023.

When Sancode Technologies Ltd IPO will be listed? ▼

The Sancode Technologies Ltd IPO listing date is 18 Apr 2023, Tuesday. Listed on: BSE SME. Issue price: ₹47. Estimated listing: ₹47. GMP: NIL.

When Sancode Technologies Ltd IPO close? ▼

The Sancode Technologies Ltd IPO closes on 06 Apr 2023, Thursday. UPI mandate: 2023-04-06. Allotment: 12 Apr 2023. Listing: 18 Apr 2023.

Quick Actions

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Live Price LIVE

Last Price₹47.00

Change—

Issue Price₹47.00

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Quick Summary

StatusListed

Issue Price₹47

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹141,000

GMPNIL

Est. Listing₹47

Subscribed1.00x

Open Date31 Mar 2023

Close Date06 Apr 2023

Allotment12 Apr 2023

Listing Date18 Apr 2023

ExchangeBSE SME

UPI Deadline2023-04-06