AccelerateBS IPO vs Synoptics Technologies IPO

Comparison between AccelerateBS IPO and Synoptics Technologies IPO.

IPO Details

AccelerateBS IPO is a SME Fixed Price IPO proposed to list at BSE SME while Synoptics Technologies IPO is a SME Fixed Price proposed to list at NSE SME.

	AccelerateBS IPO	Synoptics Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	BSE SME	NSE SME
Lead Managers	Shreni Shares Ltd.	First Overseas Capital Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Shreni Shares Ltd.	NNM Securities Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of AccelerateBS IPO is up to ₹5.39 Cr whereas the issue size of the Synoptics Technologies IPO is up to ₹51.33 Cr. The final issue price of AccelerateBS IPO is ₹90.00 per share and of Synoptics Technologies IPO is ₹237.00 per share.

	AccelerateBS IPO	Synoptics Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹90.00 per share	₹237.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	600 shares
Fresh Issue Size	1,55,200 shares	13,66,000 shares
Fresh Issue Size (Amount)	up to ₹1.40 Cr	up to ₹32.37 Cr
OFS Issue Size	4,43,200 shares	8,00,000 shares
OFS Issue Size (Amount)	up to ₹3.99 Cr	up to ₹18.96 Cr
Issue Size Total	5,98,400 shares	21,66,000 shares
Issue Size Total (Amount)	up to ₹5.39 Cr	up to ₹51.33 Cr

IPO Timetable

AccelerateBS IPO opens on Jul 06, 2023, while Synoptics Technologies IPO opens on Jun 30, 2023. The closing date of AccelerateBS IPO and Synoptics Technologies IPO is Jul 11, 2023, and Jul 05, 2023, respectively.

	AccelerateBS IPO	Synoptics Technologies IPO
Anchor Bid Date
Issue Open	Jul 06, 2023	Jun 30, 2023
Issue Close	Jul 11, 2023	Jul 05, 2023
Basis Of Allotment (Tentative)	Jul 14, 2023	Jul 10, 2023
Initiation of Refunds (Tentative)	Jul 17, 2023	Jul 11, 2023
Credit of Share (Tentative)	Jul 18, 2023	Jul 12, 2023
Listing date (Tentative)	Jul 19, 2023	Jul 13, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

AccelerateBS IPO P/E ratio is 27.27, as compared to Synoptics Technologies IPO P/E ratio of 25.32.

AccelerateBS IPO

Synoptics Technologies IPO

Financials

AccelerateBS India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	125.10	493.35	68.35	53.05
31-Mar-21	180.95	451.92	42.53	102.46	24.00
31-Mar-22	200.65	355.69	25.91	111.03	45.34
31-Jan-23	283.25	164.92	26.22	205.42	33.82
Amount in ₹ Lakhs

Synoptics Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	3,326.20	2,211.43	182.06	1,208.47	508.47	1,290.16
31-Mar-21	3,759.78	3,479.91	236.02	1,444.49	744.49	1,194.71
31-Mar-22	4,279.80	5,097.07	432.36	1,876.85	1,176.85	1,410.03
31-Dec-22	5,379.95	3,446.81	525.36	2,402.21	1,702.21	1,959.06
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

Promoter Shareholding (Post-Issue)

70.59

73.11

P/E Ratio

27.27

25.32

Market Cap

₹19.34 Cr.

₹200.98 Cr.

ROE

15.80%

21.87%

ROCE

19.44%

19.16%

Debt/Equity

0.16

0.82

EPS

₹1.38

₹4.65

RoNW

12.77%

19.48%

Shares Offered

In the AccelerateBS IPO Retail Individual Investors (RII) are offered 2,99,200 shares while in Synoptics Technologies IPO retail investors are offered 2,99,200 shares. Qualified Institutional Buyers (QIB) are offered in AccelerateBS IPO and in Synoptics Technologies IPO.

	AccelerateBS IPO	Synoptics Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration	33,600 shares	1,14,000 shares
QIB
NII	2,99,200 shares	10,83,000 shares
RII	2,99,200 shares	10,83,000 shares
Employee
Others
Total	5,98,400 shares	21,66,000 shares

Bids Received (Subscription)

AccelerateBS IPO subscribed 49.19x in total, whereas Synoptics Technologies IPO subscribed 2.66x.

	AccelerateBS IPO	Synoptics Technologies IPO
QIB (times)
NII (times)	39.25x	2.58x
Big NII (times)
Small NII (times)
RII (times)	59.11x	2.54x
Employee (times)
Other (times)
Total (times)	49.19x	2.66x

Compare with others

AccelerateBS IPO	Synoptics Technologies IPO
Srivari Spices IPO	Asarfi Hospital IPO
Asarfi Hospital IPO	Service Care IPO
Service Care IPO	Ahasolar Technologies IPO
Ahasolar Technologies IPO	Drone Destination IPO
Drone Destination IPO	AccelerateBS IPO
Synoptics Technologies IPO	Alphalogic Industries IPO
Alphalogic Industries IPO	Global Pet Industries IPO
Global Pet Industries IPO	Tridhya Tech IPO
Tridhya Tech IPO	Magson Retail IPO
Magson Retail IPO	Greenchef Appliances IPO