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Sancode Technologies IPO is a book build IPO listing on BSE SME exchange. The company is based in Mumbai and caters to Information Technology - SaaS sector. Shreni Shares is the merchant banker of Sancode Technologies IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 8th March 2023.
Sancode Technologies IPO open date is 31st March 2023 and close date is 6th April 2023. IPO Allotment Date is 12th April 2023 and Listing date is 18th April 2023.Sancode Technologies IPO size is Rs 5.15 Cr. crores with IPO price of Rs 47.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Shreni Shares Limited is the book-running lead manager of the Sancode Technologies IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Shreni Shares Limited for Sancode Technologies IPO.
Sancode Technologies IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Sancode Technologies IPO, based in Mumbai, operates in the Information Technology - SaaS sector with a focus on API based sol. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Sancode Technologies IPO size is ₹ 5.15 Cr. Crores with fresh issue size of Rs 5.15 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Sancode Technologies IPO is expected to be 12th April 2023, after the finalization of basis of allotment. Investors can check Sancode Technologies IPO allotment status on the registrars website, Bigshare Services Private Limited. Sancode Technologies IPO refund dates are 13th April 2023.
Sancode Technologies IPO is expected to be listed on 18th April 2023.
The upper price band for the Sancode Technologies IPO is set at ₹ 47.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Sancode Technologies IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Sancode Technologies IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 6th April 2023. After submission, funds are blocked until the basis of allotment of Sancode Technologies IPO is finalised.
The merchant banker for Sancode Technologies IPO is Shreni Shares Limited . Shreni Shares Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Sancode Technologies IPO RHP for further details.
The registrar for Sancode Technologies IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Sancode Technologies IPO through their official website or helpline.
Sancode Technologies IPO was subscribed 3.68 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 5.15 Cr.
Avg IPO Size (Sector Based)
:
₹ 16.84 Cr.
Sector: Information Technology - SaaS
SME IPO so far:
12
Merchant Banker:
Shreni Shares
SME IPO by BRLM so far:
47
City:
Mumbai
SME IPO so far:
280
Revenue (annualised):
₹ 2.84 cr.
PE
Ratio:
10.71x
Average Sector PE Ratio: 13.06x
Sancode Technologies IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Sancode Technologies Financial Review Page
Merchant Banker(s) of Sancode Technologies IPO: Shreni Shares Limited
Sancode Technologies IPO subscription was 3.68 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Sancode Technologies IPO listed at a listing price of 64.00 against the offer price of 47.00.
The current market price of Sancode Technologies is 44.50.
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