Synoptics Technologies Limited IPO

NSE SME

Listed On: Jul 13, 2023 at ₹ 238.0

₹ 142200 /600 Shares

Check Allotment

Synoptics Technologies Limited IPO Details

30 Jun, 2023

Open Date

05 Jul, 2023

Close Date

10 Jul, 2023

Allotment Date

13 Jul, 2023

Listing Date

Issue Price

₹237 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

238.0

Listing Date

2023-07-13

Market Lot

600 Shares (₹142,200/-)

Lead Manager

First Overseas Capital Limited

Issue Size

2,280,000 shares(aggregating up to ₹54.03 Cr)

Retail Portion

N/A

Subscription

2.62 times

IPO Docs

DRHP RHP

Synoptics Technologies Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	1,083,000	1,083,000	2,166,000
Day 1 - 30-06-23 06:00 PM	0.12 x	0.20 x	0.25 x
Day 2 - 03-07-23 06:00 PM	0.53 x	0.51 x	0.62 x
Day 3 - 04-07-23 06:00 PM	2.09 x	0.78 x	1.53 x
Day 4 - 05-07-23 06:00 PM	2.49 x	2.54 x	2.62 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 All values are in ₹ Lakh

	31-Dec-22	31-Mar-22	31-Mar-21	31-Mar-20
Assets	5,379.95	4,279.80	3,759.78	3,326.20
Revenue	3,446.81	5,097.07	3,479.91	2,211.43
Profit After Tax	525.36	432.36	236.02	182.06

About The 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.

Synoptics Technologies Limited - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 73.11%

Company Promoter(s)

Mr. Jagmohan Manilal Shah
Mr. Jatin Jagmohan Shah
Mrs. Janvi Jatin Shah

Synoptics Technologies Limited IPO - Issue Objectives

Repayment of certain Borrowings
Funding additional Working capital requirements
Investment in Strategic Acquisition / Joint Venture
General Corporate Purposes.

Synoptics Technologies Limited IPO - FAQs

Ans. Synoptics Technologies Limited IPO is a SME IPO. The issue is priced at ₹237 per equity share. The minimum order quantity is 600 Shares. The IPO opens on Jun 30, 2023, and closes on Jul 5, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Synoptics Technologies Limited IPO opens on Jun 30, 2023 and closes on Jul 5, 2023.

Ans. The size of Synoptics Technologies Limited IPO is 2,280,000 shares(aggregating up to ₹54.03 Cr).

Ans. The IPO price band is set between ₹237 per equity share.

Ans. To apply for Synoptics Technologies Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Synoptics Technologies Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Synoptics Technologies Limited IPO is Jul 10, 2023.

Ans. The Synoptics Technologies Limited IPO will be listed on Jul 13, 2023.

Ans. Follow the steps to check the allotment status for Synoptics Technologies Limited IPO here.