Basis of Allotment

(This is only an advertisement for information purposes and is not a prospectus announcement)

wpe1F.jpg (4407 bytes) SANCODE TECHNOLOGIES LIMITED
Corporate Identification Number: U74900MH2016PLC280315

Our company was originally incorporated as a Private Limited company under the name "ZNL Startup Advisory Private Limited" under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated April 28, 2016 issued by the Central Registration Centre for and on behalf of the jurisdictional Registrar of Companies. Subsequently, the name of our Company was changed to "Sancode Technologies Private Limited" vide special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on October 04, 2022 and a Fresh Certificate of Incorporation pursuant to change of name was issued by Registrar of Companies, Mumbai, Maharashtra dated November 18, 2022. The status of our Company was changed to public limited and the name of our Company was changed to "Sancode Technologies Limited" vide special resolution dated December 12, 2022. The fresh certificate of incorporation consequent to conversion was issued on January 02, 2023 by the Registrar of Companies, Mumbai. The Corporate Identification Number of our Company is U74900MH2016PLC280315, For further details on Incorporation and changes in the registered office of our company, please refer to the chapter titled "History and Certain Corporate Matters" beginning on page 122 of the Prospectus.

Registered Office: 107, Prime Plaza, J.V. Patel Compound, B.M. Road, Opp. Elphinstone Station, Mumbai - 400013, Maharashtra, India;
Tel: 022-49622853 | E-mail: investor@sancodetech.com | Website: https://www.sancodetech.com/;
Contact Person: Narendra Gupta. Company Secretary and Compliance Officer
PROMOTERS OF OUR COMPANY: AMIT VIJAY JAIN, KHUSHBOO JAIN, MIHIR DEEPAK VORA AND ZNL STARTUP ACCELERATOR LLP
BASIS OF ALLOTMENT

INITIAL PUBLIC OFFERING OF 10,95,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH ("EQUITY SHARES") OF SANCODE TECHNOLOGIES LIMITED ("SANCODE" OR "OUR COMPANY") FOR CASH AT A PRICE OF Rs. 47/- PER EQUITY (INCLUDING A PREMIUM OF Rs. 37/-PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO Rs. 514.65 LAKHS ("THE ISSUE") OF WHICH 57,000 EQUITY SHARES AGGREGATING TO Rs. 26.79 LAKHS 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. 487.86 LAKHS ("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 OUR COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10/- AND THE ISSUE PRICE IS 4.7 TIMES OF THE FACE VALUE
ISSUE ISSUE OPENED ON: MARCH 31, 2023
ISSUE CLOSED ON: APRIL 06, 2023
RISK TO INVESTORS:
1. Our Equity Shares have never been publicly traded, and may experience price and volume fluctuations following the completion of the Issue. Further, our Equity Shares may not result in an active or liquid market and the price of our Equity Shares may be volatile and you may be unable to resell your Equity Shares at or above the Issue Price or at all.
2. The average cost of acquisition of Equity Shares by our Promoters is set forth in the table below:
S. No. Name of the Promoters No. of Equity Shares held Average cost of Acquisition (in Rs.)
1. Amit Vijay Jain 2,02,293 0.77
2. Khushboo Jain 11,83,000 0.77
3. Mihir Deepak Vora 74,347 10.28
4. ZNL Startup Accelerator LLP 14,38,881 0.04
Investors are required to refer section titled "Risk Factors" beginning on page 25 of the Prospectus.

Our Company has filed the Prospectus dated March 25, 2023 with the ROC, Mumbai, Maharashtra (the "Prospectus"). The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE i.e., BSE SME, in terms of the Chapter IX of the SE8I (ICDR) Regulations, 2018 as amended from time to time. Our Company has received an In-Principle approval from BSE for the testing of the Equity Shares pursuant to letter dated March 24, 2023. BSE is the Designated Stock Exchange for the purpose of this Issue. The trading is to be commenced on April 18, 2023 (Subject to receipt of listing and trading approvals from the BSE).

The Issue is being made through the Fixed Price process, the allocation in the Net Issue to the Public category is made pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public is initially made available for allotment to Retail Individual Investors. The balance of Net issue of Shares to the public Is made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for If the Retail Individual Investor category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All potential investors shall participate in the issue only through an Application Supported by Blocked Amount ("ASBA") process including through UPI mode (as applicable) by providing details of the irrespective bank accounts and/ or UPI IDs. in case of RIIs. if applicable, which will be blocked by the Self Certified Syndicate Banks ("SCSBs") for the same.

SUBSCRIPTION DETAILS

The Net Issue has received 663 applications before technical rejections for 37,71,000 Equity Shares resulting in times 3.63 subscription. The details of the applications received in the Net issue (before and alter technical rejections & withdrawal) are as follows:

Detail of the Applications Received

Category Before Technical Rejections 4 Withdrawals After Technical Rejections 4 Withdrawals
No. of Applications No. of Equity Shares No. of Applications No. of Equity Shares
Retail Individual Investors 587 17,61,000 567 17,01,000
Other than Retail Individual Investors 76 20,10,000 75 19,68,000
Total 663 37,71,000 642 36,69,000

Note:

1. The Net Issue (Joes not include 57,000 Equity Shares reserved for Market Maker, which was subscribed by 1.00 time,

2. There were 21 Technical Rejections for 1,02,000 Equity Shares & no withdrawal of any application in any category.

The shares available for allotment have been arrived in the equal proportion of the respective over subscription ratio of Retail Individual Investors and Other than Retail Individual Investors category. In view of the explanation provided under regulations 253 (2) of the SEBI (ICDR) Regulations, 2018, the Retail Individual Investors Category has applied for 46.36% and 53.64% by Other than Retail Individual Investors: accordingly, we have derived the issue size for different categories. Further, owing to rounding off, an additional share has been proportioned to be allotted in retail investors. In other than Retail Individual Investor Category there was over subscription of 20,10,000 Equity Shares before technical rejection and 19,68,000 Equity Shares after technical rejection. In Retail Individual Investors Category there was over subscription of 17,61,000 Equity Shares before technical rejection and 17,01,000 Equity Shares after technical rejection. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE on April 12, 2023.

A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 47/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 57,000 Equity Shares. The category-wise details of the Basis of Allotment are as under.
No. of Shares Applied for No. of Applications Received % to Total Total No. of Shares Applied % to Total Allocation per Applicant Ratio of Allottees to the Applicant Total No. of Shares Allotted
57,000 1 100 57,000 100 57,000 1:1 57,000
B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs. 47/- per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 253(2) of the SE8I (ICDR) Regulations,,2018, the total number of shares allocated in this category is 5,19,000 Equity Shares. The category was subscribed by 3.28 times. The category-wise details of the Basis of Allotment are as under:
No. of Shares Applied (or No. of Applications Received % to Total Total No. of Shares Applied % to Total Allocation per Applicant Ratio of Allottees to the Applicant Total No. of Shares Allotted
3,000 567 100 17,01,000 100 3,000 173:567 5,19,000
C) Allocation to Other than Retail Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non-Retail Investors, at the Issue Price of Rs. 47/- per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 5,19,000 Equity Shares. The category was subscribed by 3.79 times. The category-wise details of the Basis of Allotment are as under:
No. of Shares applied for (Category Wise) No. of Applications Received % to Total Total No. of Shares applied in each category % to Total Allocation perApplicant Ratio of Allottees to the Applicant Total No. of Shares allocated/ allotted
6,000 10 13.33 60,000 3.05 3,000 1:2 15,000
9,000 15 20.00 1,35,000 6.86 3,000 4:5 36,000
12,000 3 4.00 36,000 1.83 3,000 1:1 9,000
15,000 7 9.33 1,05,000 5.34 3,000 1:1 21,000
18,000 6 8.00 1,08,000 5.49 3,000 1:1 18,000
21,000 3 4.00 63,000 3.20 6,000 1:1 18,000
24,000 6 8.00 1,44,000 7.32 6,000 1:1 36,000
30,000 7 9.33 2,10,000 10.67 6,000 1:1 42,000
36,000 1 1.33 36,000 1.83 9,000 1:1 9,000
39,000 1 1.33 39,000 1.98 9,000 1:1 9.000
42,000 8 10.67 3,36,000 17.07 9,000 1:1 72,000
45,000 2 2.67 90,000 4.57 12,000 1:1 24,000
54,000 1 1.33 54,000 2.74 15,000 1:1 15,000

The Board of Directors of the Company at Its meeting hew on April 12, 2023, has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.

The CAN and allotment advice and' or notices shall be dispatched to the address of the investors as registered with the depositories on or before April 13, 2023. Further, the instructions to Self-Certified Syndicate Banks has been processed on April 12, 2023 for unblocking of funds. The Equity Shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation o1 the account details with the depositories concerned. In case the same is not received within prescribed time, investors may contact the Registrar to the Issue at the address given below The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE within 5 working days from the Closure of the Issue. The trading is proposed to be commenced on April 18, 2023 subject to receipt of testing and trading approvals from BSE.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 25, 2023 ("Prospectus'').

INVESTORS, PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at www.bigshareonline.com.

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole Applicant, Serial number of the Application Form, Number of Shares Applied for and Bank Branch where the Application had been lodged and payment details at the address given below:

wpe1E.jpg (5037 bytes) BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road,
Andheri East, Mumbai - 400 093, Maharashtra, India.
Telephone: 022-6263 8200 | E-mail: ipo@bigshareonline.com
Investor grievance E-mail: investor@bigshareonline.com
Website: www.bigsharesonline.com
Contact Person: Swapnil Kate
SEBI Registration No.: INR000001385
For SANCOOE TECHNOLOGIES LIMITED
Sd/-
Mihir Deepak Vora
Place: Mumbai Designation: Managing Director
Date: April 13, 2023 DIN: 08602271

LEVEL OF SUBSCRIPTION SHOULD HOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF SANCODE TECHNOLOGIES LIMITED.

SANCODE TECHNOLOGIES LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make a Public Issue of its Equity Shares and has filed Prospectus with the Registrar of Companies, Mumbai, Maharashtra on March 25, 2023. The Prospectus is available on websites of the Company, the BSE and the Lead Manager at https://www.sancodetech.com/, www.bseindia.com. www.shreni.in respectively. Applicants should note that investment in equity shares involves a high-risk and for details relating to the same, see the Prospectus, including section titled "Risk Factors" beginning on page 25 of the Prospectus.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act and applicable U.S. state securities law. Accordingly, the Equity Shares are offered or sold (i) within the United States to persons reasonably believed to be qualified institutional investors (as defined in Rule 144A under the U.S. Securities Act and (ii) Outside the United States in offshore transactions in reliance on Regulation S under the U.S. Securities act and applicable laws of the jurisdiction where such offers and sales occur.

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