Ahasolar Technologies IPO vs Synoptics Technologies IPO

Comparison between Ahasolar Technologies IPO and Synoptics Technologies IPO.

IPO Details

Ahasolar Technologies 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.

	Ahasolar Technologies 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	Beeline Capital Advisors Pvt.Ltd.	First Overseas Capital Ltd.
Registrar	Kfin Technologies 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 Ahasolar Technologies IPO is up to ₹12.18 Cr whereas the issue size of the Synoptics Technologies IPO is up to ₹51.33 Cr. The final issue price of Ahasolar Technologies IPO is ₹157.00 per share and of Synoptics Technologies IPO is ₹237.00 per share.

	Ahasolar Technologies IPO	Synoptics Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹157.00 per share	₹237.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	800 shares	600 shares
Fresh Issue Size	7,76,000 shares	13,66,000 shares
Fresh Issue Size (Amount)	up to ₹12.18 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	7,76,000 shares	21,66,000 shares
Issue Size Total (Amount)	up to ₹12.18 Cr	up to ₹51.33 Cr

IPO Timetable

Ahasolar Technologies IPO opens on Jul 10, 2023, while Synoptics Technologies IPO opens on Jun 30, 2023. The closing date of Ahasolar Technologies IPO and Synoptics Technologies IPO is Jul 13, 2023, and Jul 05, 2023, respectively.

	Ahasolar Technologies IPO	Synoptics Technologies IPO
Anchor Bid Date
Issue Open	Jul 10, 2023	Jun 30, 2023
Issue Close	Jul 13, 2023	Jul 05, 2023
Basis Of Allotment (Tentative)	Jul 18, 2023	Jul 10, 2023
Initiation of Refunds (Tentative)	Jul 19, 2023	Jul 11, 2023
Credit of Share (Tentative)	Jul 20, 2023	Jul 12, 2023
Listing date (Tentative)	Jul 21, 2023	Jul 13, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Ahasolar Technologies IPO P/E ratio is 27.45, as compared to Synoptics Technologies IPO P/E ratio of 25.32.

Ahasolar Technologies IPO

Synoptics Technologies IPO

Financials

Ahasolar Technologies Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	138.63	128.70	2.07	2.16	1.16	23.04
31-Mar-21	85.47	187.73	7.91	10.08	9.08	24.24
31-Mar-22	237.37	1,714.64	68.63	78.71	77.71	58.18
31-Mar-23	525.56	2,105.16	176.38	405.07	178.69	0.00
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)

50.31

100.00

Promoter Shareholding (Post-Issue)

36.95

73.11

P/E Ratio

27.45

25.32

Market Cap

₹48.39 Cr.

₹200.98 Cr.

ROE

72.92%

21.87%

ROCE

63.53%

19.16%

Debt/Equity

0.82

EPS

₹7.94

₹4.65

RoNW

43.54%

19.48%

Shares Offered

In the Ahasolar Technologies IPO Retail Individual Investors (RII) are offered 3,88,000 shares while in Synoptics Technologies IPO retail investors are offered 3,88,000 shares. Qualified Institutional Buyers (QIB) are offered in Ahasolar Technologies IPO and in Synoptics Technologies IPO.

	Ahasolar Technologies IPO	Synoptics Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration	42,400 shares	1,14,000 shares
QIB
NII	3,88,000 shares	10,83,000 shares
RII	3,88,000 shares	10,83,000 shares
Employee
Others
Total	7,76,000 shares	21,66,000 shares

Bids Received (Subscription)

Ahasolar Technologies IPO subscribed 34.79x in total, whereas Synoptics Technologies IPO subscribed 2.66x.

	Ahasolar Technologies IPO	Synoptics Technologies IPO
QIB (times)
NII (times)	23.37x	2.58x
Big NII (times)
Small NII (times)
RII (times)	46.18x	2.54x
Employee (times)
Other (times)
Total (times)	34.79x	2.66x

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