IPO

Synoptics Technologies Limited IPO

NSE SME

Listed On: Jul 13, 2023 at ₹ 238.0

₹ 284400 /1200 Shares
*Min Investment

Check Allotment

30 Jun, 2023

Open Date

05 Jul, 2023

Close Date

10 Jul, 2023

Allotment Date

13 Jul, 2023

Listing Date
Synoptics Technologies Limited IPO Issue Details
  • Issue Price ₹237 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price 2,280,000 shares(aggregating up to ₹54.03 Cr)
  • Listing at NSE SME
  • List Price 238.0
  • Listing Date 2023-07-13
  • Lead Manager First Overseas Capital Limited
  • Registrar Bigshare Services Pvt Ltd
Synoptics Technologies Limited IPO Details
  • Retail Portion N/A
Synoptics Technologies Limited IPO Documents
DRHP
RHP
Synoptics Technologies Limited IPO Details


Synoptics Technologies Limited IPO is an SME IPO, priced at ₹237 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.

The IPO bidding window is open from Jun 30, 2023 to Jul 5, 2023. The allotment is expected to be finalized on Jul 10, 2023, and the tentative listing date is Jul 13, 2023.


The registrar of the IPO is Bigshare Services Pvt Ltd, and

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Synoptics Technologies Limited IPO Subscription Analysis And Details
Retail
2.54x
Total
2.62x
As onQIB / NIIRetailTotal
Shares Offered / Reserved1,083,0001,083,0002,166,000
Day 1 30-06-23 06:00 PM
0.12 x0.20 x0.25 x
Day 2 03-07-23 06:00 PM
0.53 x0.51 x0.62 x
Day 3 04-07-23 06:00 PM
2.09 x0.78 x1.53 x
Day 4 05-07-23 06:00 PM
2.49 x2.54 x2.62 x
Synoptics Technologies Limited Valuations
Earnings Per Share (EPS) ₹4.65/-
P/E Ratio 25.32
RoNW 19.48%
Net Asset Value (NAV) - Post Issue ₹N/A/-
Synoptics Technologies Limited Company Financials
In Lakhs
In Lakh
31-Dec-2231-Mar-2231-Mar-2131-Mar-20
Assets5,379.954,279.803,759.783,326.20
Revenue3,446.815,097.073,479.912,211.43
Profit After Tax525.36432.36236.02182.06
About Synoptics Technologies Limited Company

Synoptics Technologies Limited provides IT services and solutions.

The company offers solutions in the areas of IT Infrastructure like connectivity to the Branches, Supply, implementation, and support of the network equipment needed to run the IT setup like routers, switches, etc.

It designs solutions for customers who need to put their applications on Cloud, as well as application migration, and managing the setup in the cloud. IT Security solutions like firewall installation and management. Data Centre design and solution with newer technology to optimize the investment and use less space and power and with clearly defined outcomes.

Synoptics Technologies helps enterprises, small businesses, and the Government in their Digital journey with various use cases of specific industry verticals. Its B2B customer list includes TATA Communications Limited, BOB Financial Services, Blue Dart Express Limited, Lifestyle International Private Limited, Shoppers Stop Limited, Hennes & Mauritz Retail Private Limited (H&M), Fedbank Financial Services Limited, GIC Housing Finance Ltd, Motilal Oswal Financial Services Limited, Government of Gujarat, etc.

The company has recently signed an agreement with BSNL to become their authorized Private LTE / Private 5G service partner nationwide.

Synoptics currently operates across India with a team of 584 employees. The company is headquartered in Mumbai and has regional offices in 17 locations throughout India including Andhra Pradesh, Bihar, Chandigarh, Delhi, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Odisha, Punjab, Rajasthan, Telangana, Tamil Nadu, Uttar Pradesh, Uttarakhand, and West Bengal.

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Synoptics Technologies Limited - Promoter(s)

Mr. Jagmohan Manilal Shah

Mr. Jatin Jagmohan Shah

Mrs. Janvi Jatin Shah

Pre Issue Share Holding : 100%

Post Issue Share Holding : 73.11%

Synoptics Technologies Limited IPO - Issue Objectives
1

Repayment of certain Borrowings

2

Funding additional Working capital requirements

3

Investment in Strategic Acquisition / Joint Venture

4

General Corporate Purposes.