Sancode Technologies IPO: API-based software development services and products are offered to customers by Sancode Technologies Limited. Sancode offers specialized, prebuilt solutions that boost productivity. Learn how your organization can use data science, AI, IoT, and the Metaverse as growth drivers.
Sancode Technologies IPO Dates
Sancode Technologies’ initial public offering (IPO) information: The company has set a date for its IPO, which will begin on March 31 and end on April 6, 2023. Sancode Technologies is a SME IPO on the BSE seeking to raise ₹5.15 crores. The fixed price range for Sancode Technologies’ initial public offering is 47 with a market lot of 3000 shares.
Sancode Technologies IPO Details
| IPO Date | Mar 31, 2023 to Apr 6, 2023 |
| Face Value | ₹10 per share |
| Price | ₹47 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,095,000 shares (aggregating up to ₹5.15 Cr) |
| Fresh Issue | 1,095,000 shares (aggregating up to ₹5.15 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Important Dates of Sancode Technologies IPO
Sancode Technologies IPO opens on Mar 31, 2023, and closes on Apr 6, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Mar 31, 2023 |
| Closing Date | Apr 6, 2023 |
| Basis of Allotment | Apr 12, 2023 |
| Initiation of Refunds | Apr 13, 2023 |
| Credit of Shares to Demat | Apr 17, 2023 |
| Listing Date | Apr 18, 2023 |
Sancode Technologies IPO Lot Size
The Avalon Technologies IPO lot size is 34 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,824 |
| Retail (Max) | 13 | 442 | ₹192,712 |
| S-HNI (Min) | 14 | 476 | ₹207,536 |
| S-HNI (Max) | 67 | 2,278 | ₹993,208 |
| B-HNI (Min) | 68 | 2,312 | ₹1,008,032 |
Sancode Technologies IPO Promoter Holding
Kunhamed Bicha and Bhaskar Srinivasan are the promoters of the company.
Objects of the Sancode Technologies IPO
The proceeds from the issue will be used for the following objects:
1. Funding working capital requirements.
2. General corporate purposes.
About Sancode Technologies IPO
In April 2016, this business was first incorporated under the name “ZNL Startup Advice Private Limited.” Sancode Technologies Limited is a software and product development company that provides enterprises with an API-enabled platform and solutions that allow them to quickly implement potent technological applications that answer their key business requirements. By providing organizations with pre-built business logic and solution workflows that are especially suited for finance automation, they help them accelerate digital transformation and competitive differentiation.
Sancode Technologies Ltd. has evolved its business to develop, provide, undertake, design, distribute, and deal with systems and application software. It also undertakes offshore software development projects, digital transformation, cloud migration, advanced analytics, robotic process automation, machine learning, and AI projects in all areas of application, including those in emerging niche segments like Internet and intranet website applications, enterprise solutions software, and responsive web design.
By assembling a team of solution architects, project managers, and business analysts, they are more intent on bridging the gap between technology and businesses. They collaborate with a network of implementation partners to deliver solutions to their clients in the following fields: