Magson Retail IPO vs Synoptics Technologies IPO

Comparison between Magson Retail IPO and Synoptics Technologies IPO.

IPO Details

Magson Retail IPO is a SME Fixed Price IPO proposed to list at NSE SME while Synoptics Technologies IPO is a SME Fixed Price proposed to list at NSE SME.

	Magson Retail IPO	Synoptics Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	ISK Advisors Pvt.Ltd.	First Overseas Capital Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Sunflower Broking Pvt.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 Magson Retail IPO is up to ₹13.05 Cr whereas the issue size of the Synoptics Technologies IPO is up to ₹51.33 Cr. The final issue price of Magson Retail IPO is ₹65.00 per share and of Synoptics Technologies IPO is ₹237.00 per share.

	Magson Retail IPO	Synoptics Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹65.00 per share	₹237.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	2000 shares	600 shares
Fresh Issue Size	20,08,000 shares	13,66,000 shares
Fresh Issue Size (Amount)	up to ₹13.05 Cr	up to ₹32.37 Cr
OFS Issue Size	0 shares	8,00,000 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹18.96 Cr
Issue Size Total	20,08,000 shares	21,66,000 shares
Issue Size Total (Amount)	up to ₹13.05 Cr	up to ₹51.33 Cr

IPO Timetable

Magson Retail IPO opens on Jun 23, 2023, while Synoptics Technologies IPO opens on Jun 30, 2023. The closing date of Magson Retail IPO and Synoptics Technologies IPO is Jun 27, 2023, and Jul 05, 2023, respectively.

	Magson Retail IPO	Synoptics Technologies IPO
Anchor Bid Date
Issue Open	Jun 23, 2023	Jun 30, 2023
Issue Close	Jun 27, 2023	Jul 05, 2023
Basis Of Allotment (Tentative)	Jul 03, 2023	Jul 10, 2023
Initiation of Refunds (Tentative)	Jul 04, 2023	Jul 11, 2023
Credit of Share (Tentative)	Jul 05, 2023	Jul 12, 2023
Listing date (Tentative)	Jul 06, 2023	Jul 13, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Magson Retail IPO P/E ratio is 20.25, as compared to Synoptics Technologies IPO P/E ratio of 25.32.

Magson Retail IPO

Synoptics Technologies IPO

Financials

Magson Retail And Distribution Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	833.45	3,241.22	166.31	169.04	168.04	354.00
31-Mar-21	1,283.84	5,358.92	181.75	350.80	349.80	386.60
31-Mar-22	1,494.69	5,566.77	223.36	574.06	573.06	344.72
31-Mar-23	1,999.87	6,301.49	251.88	926.25	352.65	321.95
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)

95.89

100.00

Promoter Shareholding (Post-Issue)

70.06

73.11

P/E Ratio

20.25

25.32

Market Cap

₹51.03 Cr.

₹200.98 Cr.

ROE

21.87%

ROCE

19.16%

Debt/Equity

0.35

0.82

EPS

₹4.96

₹4.65

RoNW

27.19%

19.48%

Shares Offered

In the Magson Retail IPO Retail Individual Investors (RII) are offered 10,04,000 shares while in Synoptics Technologies IPO retail investors are offered 10,04,000 shares. Qualified Institutional Buyers (QIB) are offered in Magson Retail IPO and in Synoptics Technologies IPO.

	Magson Retail IPO	Synoptics Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,06,000 shares	1,14,000 shares
QIB
NII	10,04,000 shares	10,83,000 shares
RII	10,04,000 shares	10,83,000 shares
Employee
Others
Total	20,08,000 shares	21,66,000 shares

Bids Received (Subscription)

Magson Retail IPO subscribed 6.74x in total, whereas Synoptics Technologies IPO subscribed 2.66x.

	Magson Retail IPO	Synoptics Technologies IPO
QIB (times)
NII (times)	6.09x	2.58x
Big NII (times)
Small NII (times)
RII (times)	7.38x	2.54x
Employee (times)
Other (times)
Total (times)	6.74x	2.66x

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