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Sancode Technologies Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Sancode Technologies Ltd IPO

Registered Office: 107 Prime Plaza JV Patel Comp.,B M Road Opp. Elphinstone Stn. , Mumbai - 400013 , Maharashtra , India.
Phone : 91-022-49622853   Fax:
Email :  investor@sancodetech.com  
Website :  www.sancodetech.com
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 less the market maker reservation portion i.e. net issue of 10,38,000 equity shares of face value of (Rs)10/- each at an issue price of (Rs)47/- per equity share aggregating to (Rs)4.88 crores ("Net Issue"). The issue and the net issue will constitute 26.91% and 25.51% of the post-issue paid-up equity share capital of the company. The face value of the equity shares is (Rs)10.00 each and the issue price is 4.7 times of the face value. Minimum application size of 3000 equity shares and in multiples of 3000 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
31-Mar-23 06-Apr-23 (Rs)47.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :3000  Further Multiples of :3000

  (Rs Cr) Lead Managers to the Issue
Project Cost 4.71
Shreni Shares Pvt Ltd
Project Financed through Current Offer 5.15  
Post Issue Equity Share Capital 4.07  
Issue Price (Rs)47.00  
 
Projects
Funding working capital requirementsGeneral corporate purposes
Promoted By
Amit Vijay Jain  
Khushboo Jain  
Mihir Deepak Vora  
Listing At
BSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd