Service Care IPO vs Synoptics Technologies IPO

Comparison between Service Care IPO and Synoptics Technologies IPO.

IPO Details

Service Care 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.

Issue Size and Price

The total issue size of Service Care IPO is up to ₹19.63 Cr whereas the issue size of the Synoptics Technologies IPO is up to ₹51.33 Cr. The final issue price of Service Care IPO is ₹67.00 per share and of Synoptics Technologies IPO is ₹237.00 per share.

 Service Care IPOSynoptics Technologies IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹63.00 per share
Issue Price (Upper)₹67.00 per share
Issue Price (Final)₹67.00 per share₹237.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares600 shares
Fresh Issue Size29,30,000 shares13,66,000 shares
Fresh Issue Size (Amount)up to ₹19.63 Crup to ₹32.37 Cr
OFS Issue Size0 shares8,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹18.96 Cr
Issue Size Total29,30,000 shares21,66,000 shares
Issue Size Total (Amount)up to ₹19.63 Crup to ₹51.33 Cr

IPO Timetable

Service Care IPO opens on Jul 14, 2023, while Synoptics Technologies IPO opens on Jun 30, 2023. The closing date of Service Care IPO and Synoptics Technologies IPO is Jul 18, 2023, and Jul 05, 2023, respectively.

Financials & KPIs

Service Care IPO P/E ratio is 21.2, as compared to Synoptics Technologies IPO P/E ratio of 25.32.

 Service Care IPOSynoptics Technologies IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Jan 202331 Mar 202231 Mar 202131 Mar 2020
Assets31.8124.3120.2019.21
Total Income132.17115.0289.33108.12
Profit After Tax3.021.740.231.36
NET Worth11.356.324.584.34
Reserves and Surplus11.336.314.574.33
Total Borrowing3.413.153.06
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 202231 Mar 202231 Mar 202131 Mar 2020
Assets53.8042.8037.6033.26
Total Income34.4750.9734.8022.11
Profit After Tax5.254.322.361.82
NET Worth24.0218.7714.4412.08
Reserves and Surplus17.0211.777.445.08
Total Borrowing19.5914.1011.9512.90
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100100.00
Promoter Shareholding (Post-Issue)73.11
P/E Ratio21.225.32
Market Cap₹77.04 Cr.₹200.98 Cr.
ROE3221.87
ROCE2519.16
Debt/Equity0.540.82
EPS₹1744.81₹4.65
RoNW27.5919.48

Shares Offered

In the Service Care IPO Retail Individual Investors (RII) are offered 13,18,000 shares while in Synoptics Technologies IPO retail investors are offered 13,18,000 shares. Qualified Institutional Buyers (QIB) are offered 2,94,000 shares in Service Care IPO and in Synoptics Technologies IPO.

 Service Care IPOSynoptics Technologies IPO
Anchor Investor Reservation
Market Maker Reservation1,56,000 shares1,14,000 shares
QIB2,94,000 shares
NII13,18,000 shares10,83,000 shares
RII13,18,000 shares10,83,000 shares
Employee
Others
Total29,30,000 shares21,66,000 shares

Bids Received (Subscription)

Service Care IPO subscribed 6.44x in total, whereas Synoptics Technologies IPO subscribed 2.66x.

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Service Care IPO Vs Synoptics Technologies IPO