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 has multiple revenue streams including from:
- Sale of software products: one-time upfront license fees in relation to tech solutions and products deployed on-premise.
- Annuity based revenue: recurring fees/charges from the following:
• SaaS: subscription fees for licenses in relation to APIs and solutions deployed on cloud.
• ATS/AMC: Charges for annual technical support and maintenance (including updates) of licenses, and installation.
• Support: Charges for support and development services. - Sale of services: Milestone-based charges for implementation and development of white labeled or custom solutions.
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.
Sancode Technologies IPO – Details
| IPO Opening Date | 31 March 2023 |
| IPO Closing Date | 06 April 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 10,95,000 Shares Worth ₹5.15 Crore Fresh Issue: 10,95,000 Shares Worth ₹5.15 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹47 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
Sancode Technologies IPO – Date Schedule
| IPO Open Date | 31 March 2023 |
| IPO Close Date | 06 April 2023 |
| Basis of Allotment | 12 April 2023 |
| Initiation of Refunds | 13 April 2023 |
| Credit of Shares to Demat Account | 17 April 2023 |
| IPO Listing Date | 18 April 2023 |
Sancode Technologies IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 3000 | 1,41,000 |
| Maximum | 1 | 3000 | 1,41,000 |
Competitive Strengths
- Software product and solutions for finance automation.
- Clients in international market.
- Wide service portfolio.
- Experience of the Promoters and senior management team.
Company Promoters
- Amit Vijay Jain
- Khushboo Jain
- Mihir Deepak Vora
- ZNL Startup Accelerator LLP
Object Of The Issue
- Funding working capital requirements.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 0.43 | 1.89 | -1.12 |
| 31 March 2021 | 1.59 | 1.88 | -0.26 |
| 31 March 2022 | 2.44 | 2.04 | 0.75 |
| 30 September 2022 | 1.80 | 0.66 | 0.89 |
Sancode Technologies IPO Promoter Holding
| Pre Issue Share Holding | 97.47% |
| Post Issue Share Holding | 71.24% |
Sancode Technologies IPO Prospectus
Company Contact Information
| 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 Website: https://www.sancodetech.com/ |
Sancode Technologies IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://www.bigshareonline.com/ |
Sancode Technologies IPO Lead Manager(s)
| 1. Shreni Shares Private Limited |
Sancode Technologies IPO FAQs
| What is Sancode Technologies IPO? Sancode Technologies IPO is a SME IPO. The issue is priced at ₹47 per equity share. The IPO is to be listed on BSE SME. |
| When Sancode Technologies IPO will open? The IPO is to open on 31 March 2023 for NII and Retail Investors. |
| What is Sancode Technologies IPO Investors Portion? The investors portion for NII-50%, and Retail-50%. |
| How to Sancode Technologies IPO? You can apply Sancode Technologies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Sancode Technologies IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Sancode Technologies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Sancode Technologies IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Sancode Technologies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Sancode Technologies IPO Size? Sancode Technologies IPO size is ₹5.15 crores. |
| What is Sancode Technologies IPO Price Band? Sancode Technologies IPO Price Band is ₹47. |
| What is Sancode Technologies IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,41,000 amount while the maximum bid is 3000 shares with ₹1,41,000. |
| What is the Sancode Technologies IPO Allotment Date? Sancode Technologies IPO allotment date is 12 April 2023. |
| What is the Sancode Technologies IPO Listing Date? Sancode Technologies IPO listing date is 18 April 2023. The IPO is to list on BSE SME. |
