Shares of Sancode Technologies Ltd were listed on the BSE SME exchange at a 36% premium on Tuesday. During the session, the stock touched an upper limit of Rs 62.50 per share and a lower limit of Rs 60.80 per share.

The stock was listed at Rs 64 per share, 36.2% above its issue price on the BSE SME exchange. At 10:00 am, the stock traded at a high of Rs 67.20 and a low of Rs 64 on the BSE SME.

On the fourth day of the subscription period, the retail category subscribed 3.39 times, and other categories subscribed 3.98 times. This issue received 3.68 subscriptions. On the third day, the issue received 1.41 subscriptions. On Day 2 and Day 1, it was 48% and 9%, respectively.

The public offering opened for bidding on Friday, March 31 and closed on Thursday, April 6.

The SME company priced the issue at Rs 47 per share. Applicants may submit applications in batches, each consisting of 3,000 company shares.

Retail investors can invest in a maximum batch, i.e., the minimum and maximum investment limit of Rs 1.41 lakh (Rs 47 x Rs 3,000) in a BSE SME IPO. Applicants can apply in batches, each with 3,000 company shares.

The SME company aims to generate revenue of Rs 5.15 crore by issuing 1,095,000 new shares. Proceeds from the offering will be used to meet working capital needs and general business objectives.

Bigshare Services Pvt Ltd is the registrar, and Shreni Shares Pvt Ltd is the offering’s lead manager and market maker.