Sancode Technologies Limited IPO
i. Sancode Technologies Limited 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. It enable organizations to drive digital transformation and competitive differentiation by providing them easy to implement pre-built business logic and solution workflows specially for finance automations.
ii. They are more focused on bridging the gap between technology and businesses by hiring a team of solution architects, project managers and business analysts. The company deliver solutions to its customers by working in collaboration with a network of implementation partners in the following areas:
• Digital transformation.
• Workflow automation.
• Artificial intelligence (AI) and Machine learning (ML).
• Robotic Process Automation (RPA) and Data analytics.
• Metaverse and Web3 applications
• System Integration.
iii. The Company has evolved it’s business to develop, provide, undertake, design, distribute and deal in Systems and application software, undertake offshore software development projects, digital transformation, cloud migration, advance 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, resource planning, e-commerce, value added products and other business applications for corporations across the globe.
iv. Their business has multiple revenue streams including from:
i. Sale of software products: one-time upfront license fees in relation to tech solutions and products deployed on-premise.
ii. Annuity based revenue: recurring fees/charges from the following:
- SaaS: subscription fees for licenses in relation to APIs and solutions deployed on cloud.
- ATS/AMC: Charges for annual technical support and maintenance (including updates) of licenses, and installation.
- Support: Charges for support and development services.
iii. Sale of services: Milestone-based charges for implementation and development of white labeled or custom solutions.
v. Sancode Technologies offer its services across industries and a diversified customer base majorly in the United States of America which include clients from manufacturing, FMCG, banks and finance institutions, retail and real estate . They believe their diversified customer base allows them to insulate ourselves from sector fluctuations and industry concentration risks.
Objects of the Sancode Technologies Limited IPO:
Sancode Technologies Limited IPO Details:
|Open Date:||Mar 31 2023|
|Close Date:||Apr 06 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||5.15 Cr.|
|Lot Size:||3000 Shares|
|Issue Price:||₹ 47 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Apr 18 2023|
Promoters And Management:
Financials of Sancode Technologies Limited IPO:
|Revenue from Operations||244||156||13|
|Employees Benefit Expenses||145||153||90|
|Share of Profit||12||-22||0|
|No. of Shares||40.68||40.68||40.68|