
Information Technology · BSE
Incorporated in 2016, Sancode Technologies Limited develops API-based software platforms and solutions, offering pre-built business logic and workflows for digital transformation, workflow automation, AI, ML, RPA, data analytics, Metaverse, Web3 applications, and system integration. The company undertakes offshore software development, cloud migration, advanced analytics, and enterprise solutions for global clients, primarily in the United States, across sectors like manufacturing, FMCG, banking and financial services, retail, and real estate.
Price Band
₹47
Issue Size
₹5.15 Cr
Lot Size
3000 shares
GMP
Est. Listing
₹47
at current GMP
Subscribed
3.68x
overall
Open
31 Mar 2023
Close
6 Apr 2023
Allotment
13 Apr 2023
Refund
14 Apr 2023
Demat Credit
15 Apr 2023
Listing
18 Apr 2023
Designated Registrar: Bigshare Services Private Limited
Allotment Date
13 Apr 2023
Basis finalization
Refunds Initiate
14 Apr 2023
Mandate release
Demat Credit
15 Apr 2023
Shares in demat
Listing Debut
18 Apr 2023
Trading begins
Sancode Technologies Limited is bringing an initial public offering (IPO) in the Information Technology sector with an aggregate issue size of ₹5.15 Crores. The shares are offered at a price band of ₹47 to ₹47 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,41,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-04-15, while un-allotted funds or UPI block mandates will be released on 2023-04-14.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.