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Sancode Technologies Ltd has announced public offering of 1095000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 37.00 per share. The gross proceeds of the issue are expected to be Rs 514.65 lakhs.
The company's initial public offer (IPO) will open on 31 March 2023 and is expected to close on 06 April 2023, subject to customary closing conditions.
The IPO includes a fresh Issue of 1095000 Equity Shares of the Company at an price of Rs 47.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.
Sancode Technologies Ltd anticipates using the proceeds of the issue for Funding working capital requirements
General corporate purposes.
Shreni Shares Pvt. Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.
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