Sancode Technologies was incorporated on April 28, 2016, as ZNL Startup Advisory. It is a software and product development company offering an API-enabled platform and solutions that enable organisations to rapidly adopt powerful technology applications addressing their strategic business needs.
| Bidding Dates |
|---|
| 31 Mar 2023 - 06 Apr 2023 |
| Subscription |
|---|
| 3.49x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,41,000 | 1 | 1 | 3000 | 1.1 M | ₹47 | 73.09 % | ₹51.5 M | RHP DOC |
Sancode Technologies IPO SUBSCRIPTION STATUS
06 Apr '23Sancode Technologies IPO overall subscription rate was 3.49 times the total available shares
Sancode Technologies IPO retail subscription rate was 3.21 times in the retail segment
Sancode Technologies IPO non-institutional investor subscription rate was 3.77 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
06 Apr 2023 (Day 4) | 3.21x | 3.77x | - |
05 Apr 2023 (Day 3) | 1.21x | 1.46x | - |
03 Apr 2023 (Day 2) | 0.4x | 0.52x | - |
31 Mar 2023 (Day 1) | 0.17x | 0x | - |
Sancode Technologies FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| H1FY23 | 6.6 | 14.2 | 1.6 | 1.6 |
| FY22 | 6.3 | 24.4 | 1.1 | 1.1 |
| FY21 | -0.5 | 15.6 | -16.3 | -16.3 |
| FY20 | -11.3 | 1.3 | -14.0 | -14.1 |
Sancode Technologies IPO SUBSCRIPTION STATUS DETAILS
Sancode Technologies had 1.1 M shares on offer
Sancode Technologies IPO offer price was ₹47
Sancode Technologies IPO minimum Investment was ₹141000
Sancode Technologies IPO issue size was ₹ 51.5 M
Sancode Technologies had a minimum lot size of 3000 Shares per application
Sancode Technologies NUMBER OF SHARES ON OFFER
Sancode Technologies IPO IMPORTANT DATES
| Issue Open Date | 31 Mar 2023 |
| Issue close Date | 06 Apr 2023 |
| Allotment Date | 12 Apr 2023 |
| Refund Date | 13 Apr 2023 |
| Demat Account Credit Date | 17 Apr 2023 |
| Listing Date | 18 Apr 2023 |
| Listing on Exchange(s) | BSE |
| Sancode Technologies Allotment Status | Exchange |
Sancode Technologies IPO subscription opened on 31 Mar 2023, and closed on 06 Apr 2023
IPO allotment for Sancode Technologies was finalized on Wednesday, 12 Apr 2023
IPO listing for Sancode Technologies was on BSE on Tuesday, 18 Apr 2023
Sancode Technologies IPO LISTING GAINS
| Issue Price (adjusted) | 47.0 |
| Listing Open Price | 64.0 |
| Listing Close Price | 60.8 |
| Listing Gain% | 36.2% |
| Current Gain% | 950.9% |
Sancode Technologies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sancode Technologies Ltd. | 493.9 | 201 | 531.9 | -23 | 12.7 | 6.3 | 4.6 | 15.9 | 11.4 | 0.5 | -2.1 | 0.9 | -23.1 |
| Tata Consultancy Services Ltd. | 2331.6 | 843593.3 | 16.9 | 15.9 | 3.1 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1167.4 | 473737.5 | 15.6 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1357.1 | 368271.5 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 183 | 181270.3 | 13.7 | -7.6 | 1.9 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1628.1 | 159567.6 | 31.1 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Sancode Technologies INFORMATION ON IPO ISSUE
About Sancode Technologies
Sancode Technologies was incorporated on April 28, 2016, as ZNL Startup Advisory. It is a software and product development company offering an API-enabled platform and solutions that enable organisations to rapidly adopt powerful technology applications addressing their strategic business needs.
Object of the Issue
- Funding working capital requirements
- General corporate purposes
Sancode Technologies - PROMOTERS
| Name |
|---|
| Amit Vijay Jain |
| Khushboo Jain |
| Mihir Deepak Vora |
| ZNL Startup Accelerator LLP |
Sancode Technologies Lead Manager of the Issue
Sherni Shares Private Limited
shrenishares@gmail.com
Sancode Technologies Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Sancode Technologies Strengths
Clients in international market
The company mainly caters to international markets. Its customer base is spread across the globe with a major presence in the United States of America
Wide service portfolio
The company offers multiple software development and API-enabled applications to help organisations rapidly develop powerful technology applications addressing their strategic business needs
Sancode Technologies Risks
Dependent on few customers
The business is dependent on a few customers who contribute the majority of the revenues from operations. Any loss of business from them may adversely affect the revenues and profitability
Legal proceedings
The company is involved in certain legal proceedings which are pending at different levels of adjudication before various courts, tribunals, enquiry officers and appellate authorities
IPO FAQs
The promoters of the company are Amit Vijay Jain, Khushboo Jain, Mihir Deepak Vora and ZNL Startup Accelerator LLP.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 47.0 - 47.0.
The IPO application opens on Mar 31, 2023 and closes on Apr 06, 2023.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 141,000.0, the maximum value for this IPO is Rs 141,000.0.
This IPO will be allotted on Apr 12, 2023.
The refund will be credited to your account on Apr 13, 2023.
The allotted shares will be credited to your demat on Apr 17, 2023.
Sancode Technologies Ltd.’s shares listed on the stock exchanges on Apr 18, 2023.