Two SME IPOs that have completed their tender today are MOS Utility and Sancode Tech. The initial public offering (IPO) of Sancode Technologies consists of 1,095,000 shares with a par value of Rs. 10, which can go up to Rs. 5.15 million. Priced at Rs. 47 per share, the issue. 3000 shares is the required minimum order quantity. On March 31, 2023, the IPO began trading. It ended on April 6, 2023. In contrast, the MOS Utility IPO is a SME IPO that would go up to €49.97 crores through the sale of 6,574,400 shares with a par value of €10. MOS Utility’s IPO issue price was fixed at €72 to €76 per share and 1600 shares is the required minimum order quantity. On March 31, 2023, the IPO began trading. It ended on April 6, 2023.
Two SME IPOs that have completed their tender today are MOS Utility and Sancode Tech. The initial public offering (IPO) of Sancode Technologies consists of 1,095,000 shares with a par value of Rs. 10, which can go up to Rs. 5.15 million. Priced at Rs. 47 per share, the issue. 3000 shares is the required minimum order quantity. On March 31, 2023, the IPO began trading. It ended on April 6, 2023. In contrast, the MOS Utility IPO is a SME IPO that would go up to €49.97 crores through the sale of 6,574,400 shares with a par value of €10. MOS Utility’s IPO issue price was fixed at €72 to €76 per share and 1600 shares is the required minimum order quantity. On March 31, 2023, the IPO began trading. It ended on April 6, 2023.
Sancode Tech SME IPO
On April 6, 2023 at 2:00 p.m., there are 3.68 times as many subscriptions to the Sancode Technologies IPO. The public issue was subscribed 3.39 times in the retail category and 3.98 times in the NII category. In the Retail category, a total of 17,58,000 shares were offered compared to the stock quota of 5,19,000, while in the NII category, a total of 20,64,000 shares were offered compared to the stock quota of 5,19,000. Sancode Technologies’ SME IPO GMP has a discount price of €5. According to the gray market, the expected list price of Sancode Technologies’ SME IPO at the current GMP is 42 Ra since the maximum price is 47.
Sancode Tech SME IPO
On April 6, 2023 at 2:00 p.m., there are 3.68 times as many subscriptions to the Sancode Technologies IPO. The public issue was subscribed 3.39 times in the retail category and 3.98 times in the NII category. In the Retail category, a total of 17,58,000 shares were offered compared to the stock quota of 5,19,000, while in the NII category, a total of 20,64,000 shares were offered compared to the stock quota of 5,19,000. Sancode Technologies’ SME IPO GMP has a discount price of €5. According to the gray market, the expected list price of Sancode Technologies’ SME IPO at the current GMP is 42 Ra since the maximum price is 47.
AR Ramachandran, Tips2trades co-founder and trainer said: “Basics in terms of PE valuations, turning from loss to profit with steady growth in both assets and reserves make Sancode Technologies Limited a decent subscription for investors to take profits achieve. After listing, investors should exit and wait 1-2 quarters to confirm the stability of financial performance to add more to their portfolio.”
AR Ramachandran, Tips2trades co-founder and trainer said: “Basics in terms of PE valuations, turning from loss to profit with steady growth in both assets and reserves make Sancode Technologies Limited a decent subscription for investors to take profits achieve. After listing, investors should exit and wait 1-2 quarters to confirm the stability of financial performance to add more to their portfolio.”
Sancode Technologies Ltd was founded in 2016 and offers software platforms and solutions based on APIs.
Sancode Technologies Ltd was founded in 2016 and offers software platforms and solutions based on APIs.
MOS Utility SME IPO
The MOS Utility SME IPO was drawn 21.14 times on April 6, 2023 19:30:00. 11.98 times in the retail category, 11.67 times in the QIB category and 57.90 times in the NII category saw subscriptions to the public offering. The total number of shares offered for the Retail category was 2,61,85,600 compared to the offered shares of 21,85,600, the total number of shares offered for the NII category was 5,42,86,400 compared to the offered shares of 9,37,600, and the total number of shares offered for the QIB category was 1.77.72.800 compared to the shares offered of 15.23.200.
MOS Utility SME IPO
The MOS Utility SME IPO was drawn 21.14 times on April 6, 2023 19:30:00. 11.98 times in the retail category, 11.67 times in the QIB category and 57.90 times in the NII category saw subscriptions to the public offering. The total number of shares offered for the Retail category was 2,61,85,600 compared to the offered shares of 21,85,600, the total number of shares offered for the NII category was 5,42,86,400 compared to the offered shares of 9,37,600, and the total number of shares offered for the QIB category was 1.77.72.800 compared to the shares offered of 15.23.200.
MOS Utility IPO latest GMP today is €5 of April 6, 2023 5:36 p.m. The maximum issue price plus current GMP, which is in the price range of Rs. 76, is included in the expected list price of Rs. 81 for the MOS Utility SME IPO. The issue is expected to list with an upside gain of 6.58%.
MOS Utility IPO latest GMP today is €5 of April 6, 2023 5:36 p.m. The maximum issue price plus current GMP, which is in the price range of Rs. 76, is included in the expected list price of Rs. 81 for the MOS Utility SME IPO. The issue is expected to list with an upside gain of 6.58%.
AR Ramachandran, Co-Founder and Coach of Tips2trades, said: “A sudden drop in reserves and surplus, high leverage for a tech-based company coupled with choppy earnings growth make the current valuation based on the PE ratio for MOS Utility Limited very high . Investors are advised to wait for lower levels after the listing.”
AR Ramachandran, Co-Founder and Coach of Tips2trades, said: “A sudden drop in reserves and surplus, high leverage for a tech-based company coupled with choppy earnings growth make the current valuation based on the PE ratio for MOS Utility Limited very high . Investors are advised to wait for lower levels after the listing.”
MOS Utility Ltd, a company incorporated in 2009, provides B2C, B2B and Financial Technology digital goods and services. Banking, Travel, Insurance, Utility Services, Entertainment Services, Franchisees and Other Services make up the seven main business segments of MOS Utility.
MOS Utility Ltd, a company incorporated in 2009, provides B2C, B2B and Financial Technology digital goods and services. Banking, Travel, Insurance, Utility Services, Entertainment Services, Franchisees and Other Services make up the seven main business segments of MOS Utility.
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