Sancode Tech. IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Sancode Tech.

CMP

62.70

-3.30 (-5.00%)

  • DRHP
₹47

Offer Price

₹ 5.15 Cr

Issue Size

₹ 1,41,000

Min Investment

3,000

Lot size

Time Line

  • 31
    Mar 2023
    Open
  • 06
    Apr 2023
    Close
  • 12
    Apr 2023
    Finalisation of Basis of Allotment
  • 13
    Apr 2023
    Initiation of Refunds
  • 17
    Apr 2023
    Transfer of Shares to Demat Account
  • 18
    Apr 2023
    Listing Date

Objects of the Offer

  • Strategic Acquisition and Alliances

  • Expansion of its existing service portfolio.

  • Continue to Focus on Providing Customer Centric Services and Offerings.

  • Continue to maintain good relationships with its customers.

  • Brand Image

Products & Services

  • The Company is a software and product development company offering an API enabled platform and solutions that enable organizations to rapidly adopt powerful technology applications addressing their strategic business needs.

Strengths

  • Software product and solutions for finance automation

  • Clients in international market.

  • Wide service portfolio

  • Experience of its Promoters and senior management team.

Risks

  • The company business is dependent of few of its customers who contribute majority of the company revenues from operations. Any loss of business from them may adversely affect its revenues and profitability.

  • Any failure to comply with the provisions of the contracts entered with its customer, could have an adverse effect on its business, financial conditions and results of the company operations.

  • 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.

  • If the company is fail to innovate in response to changing customer needs and adopt and develop new technologies, or adapt to evolving industry standards, its business, financial condition, and results of operations could be adversely affected.

  • The company success depends upon its ability to develop new products and services and enhance the company existing products and services.

Company Promoters

Promoters Holding

Issue For IPO
26.23%
Pre Holding

97.47%

Post Holding

71.24%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 1.56 (1,100.00%) 2.44 (56.40%) 1.55 (-36.50%)
Gross Profit 1.56 (1,100.00%) 2.44 (56.40%) 1.55 (-36.50%)
Net Income 1.56 (1,100.00%) 2.44 (56.40%) 1.55 (-36.50%)
Assets 1.56 (1,100.00%) 2.44 (56.40%) 1.55 (-36.50%)
Liabilities 1.56 (1,100.00%) 2.44 (56.40%) 1.55 (-36.50%)

Book Running Managers

  • Shreni Shares Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

107 Prime Plaza JV Patel Comp.,
B M Road Opp. Elphinstone Stn.,
Mumbai - 400013
Phone : 91-022-49622853 Email : investor@sancodetech.com www.sancodetech.com

Offer Related Information

Initial public offering of 10,95,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Sancode Technologies Limited ("Sancode" or "The Company" or "The Issuer") for cash at a price of Rs. 47 /- per equity share (including a premium of Rs. 37/- per equity share) ("Issue Price") aggregating to Rs. 5.15 crores ("The Issue") of which 57,000 equity shares aggregating to Rs. 0.27 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue... More

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