About Company
Incorporated in 2016, Sancode Technologies Limited develops API-based software platforms and solutions to permit more rapid digital adoption by companies. Sancode Technologies, a software and product development company, enables its clients to close the gap between business and technology through faster digital adoption.
As a new-age technology company, Sancode offers solutions in Digital transformation, Workflow Automation, Artificial Intelligence (AI) & Machine Learning, Robotic Process Automation, Data Analytics, Metaverse & Web3 implementation, and System Integration.
The company is the offshore technology partner of its USA clients, who it caters to through subsidiaries – Zsolt Ventures Inc. and Dhruva Advisors USA Inc.
Sancode’s diversified client base includes manufacturing, banking & finance, FMCG, retail, and real estate companies.
Sancode Technologies IPO will open on the BSE SME segment on March 31, 2022. Investors can bid for the offer from March 31 to April 06, 2023. The company aims to haul Rs. 5.15 crore from 1,095,000 equity shares through a fixed-price issue. Sancode Technologies Ltd. IPO will be available at a fixed rate of Rs. 47 per share.
Retail investors can bid for one lot of 3000 shares.
| Bidding Dates 31 Mar ’23 – 06 Apr ’23 | Price Range ₹47 |
| Minimum Investment ₹141,000 / 1 Lots ( 3000 Shares ) | Maximum Investment ₹141,000 / 1 Lots ( 3000 Shares ) |
| Investor category and sub category Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors | Issue Size ₹5.15 Cr |
IPO Dates
Important dates with respect to IPO allotment and listing
| IPO Opening Date Mar 31, 2023 | IPO Closing Date Apr 6, 2023 |
| Basis of Allotment Apr 12, 2023 | Initiation of Refunds Apr 13, 2023 |
| Credit of Shares to Demat Account Apr 17, 2023 | Listing Date Apr 18, 2023 |
Sancode Technologies IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
| Day 1 Mar 31, 2023 | 0.00 | 0.17 | 0.09 |
| Day 2 Apr 3, 2023 | 0.54 | 0.42 | 0.48 |
| Day 3 Apr 5, 2023 | 1.54 | 1.27 | 1.41 |
| Day 4 Apr 6, 2023 | 3.98 | 3.39 | 3.68 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | [.] |
| Non-Institutional Buyers | 3.98 |
| Retail Investors | 3.39 |
| Employees | [.] |
| Other | [.] |
| Total | 3.68 |
Sancode Technologies Ltd. IPO Objective
- The net proceeds will be utilized to meet working capital requirements and general corporate purposes.
Should you invest in Sancode Technologies Ltd.?
These are the top reasons to consider investing in Sancode Technologies Limited.
- Sancode invests in future technologies and collaborates with companies working on providing deep-tech technology solutions.
- The company has multiple revenue-generating sources backed by a diversified product suite.
Sancode Technologies Ltd. Noteworthy highlights
- As a technology outsourcing partner of several US companies, Sancode Technologies derives its revenue primarily from offshore clients.
- India is uniquely positioned to lead technological innovations as a global IT powerhouse. A boost in the growth of the Indian IT-BPM will benefit companies like Sancode Technologies.
Sancode Technologies Company Financials
| Particulars | Period ending on September 30, 2022 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Revenue from Operations | 142.49 | 243.85 | 155.62 |
| Profit After Tax (PAT) (consolidated) | 66.12 | 62.94 | 4.60 |
| PAT Margin | 46.40% | 25.81% | 2.96% |
| EBITDA | 114.89 | 40.92 | 27.84 |
| EBITDA Margin | 80.63% | 16.78% | 17.89% |
| EPS | 2.54 | 2.42 | 0.18 |
Know before investing
Strengths
- It offers a diversified service portfolio to cater to a spectrum of industries.
- The company primarily caters to offshore clients in the USA.
- Experienced promoters have been the guiding force for Sancode Technologies.
Risks
- The small team size of the company can be a concern for investors.
- The business depends on a few customers to generate chunks of revenue.
- Failing to attract new customers, innovate, and adapt to new technologies in the changing market will threaten its future profitability.
Please Click Here To Apply For Sancode Technologies IPO
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