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Asarfi Hospital IPO vs Synoptics Technologies IPO

Comparison between Asarfi Hospital IPO and Synoptics Technologies IPO.

IPO Details

Asarfi Hospital 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.

 Asarfi Hospital IPOSynoptics Technologies IPO
LogoAsarfi Hospital IPO LogoSynoptics Technologies IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersHem Securities Ltd.First Overseas Capital Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.NNM Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Asarfi Hospital IPO is up to ₹25.58 Cr whereas the issue size of the Synoptics Technologies IPO is up to ₹51.33 Cr. The final issue price of Asarfi Hospital IPO is ₹52.00 per share and of Synoptics Technologies IPO is ₹237.00 per share.

 Asarfi Hospital IPOSynoptics Technologies IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share
Issue Price (Upper)₹52.00 per share
Issue Price (Final)₹52.00 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 Size49,20,000 shares13,66,000 shares
Fresh Issue Size (Amount)up to ₹25.58 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 Total49,20,000 shares21,66,000 shares
Issue Size Total (Amount)up to ₹25.58 Crup to ₹51.33 Cr

IPO Timetable

Asarfi Hospital IPO opens on Jul 17, 2023, while Synoptics Technologies IPO opens on Jun 30, 2023. The closing date of Asarfi Hospital IPO and Synoptics Technologies IPO is Jul 19, 2023, and Jul 05, 2023, respectively.

 Asarfi Hospital IPOSynoptics Technologies IPO
Anchor Bid DateJul 14, 2023
Issue OpenJul 17, 2023Jun 30, 2023
Issue CloseJul 19, 2023Jul 05, 2023
Basis Of Allotment (Tentative)Jul 24, 2023Jul 10, 2023
Initiation of Refunds (Tentative)Jul 25, 2023Jul 11, 2023
Credit of Share (Tentative)Jul 26, 2023Jul 12, 2023
Listing date (Tentative)Jul 26, 2023Jul 13, 2023
Anchor Lockin End date 1Aug 23, 2023
Anchor Lockin End date 2Oct 22, 2023

Financials & KPIs

Asarfi Hospital IPO P/E ratio is 12.78, as compared to Synoptics Technologies IPO P/E ratio of 25.32.

 Asarfi Hospital IPOSynoptics Technologies IPO
Financials
Asarfi Hospital Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-213,729.455,439.90353.431,689.901,564.95713.36
31-Mar-226,270.246,619.54572.842,262.732,137.781,163.31
31-Mar-239,342.717,303.26801.534,184.262,734.531,720.20
Amount in ₹ Lakhs
Synoptics Technologies Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-203,326.202,211.43182.061,208.47508.471,290.16
31-Mar-213,759.783,479.91236.021,444.49744.491,194.71
31-Mar-224,279.805,097.07432.361,876.851,176.851,410.03
31-Dec-225,379.953,446.81525.362,402.211,702.211,959.06
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)83.03100.00
Promoter Shareholding (Post-Issue)61.1773.11
P/E Ratio12.7825.32
Market Cap₹102.32 Cr.₹200.98 Cr.
ROE19.16%21.87%
ROCE19.91%19.16%
Debt/Equity0.410.82
EPS₹7.58₹4.65
RoNW19.1619.48%

Shares Offered

In the Asarfi Hospital IPO Retail Individual Investors (RII) are offered 17,22,000 shares while in Synoptics Technologies IPO retail investors are offered 17,22,000 shares. Qualified Institutional Buyers (QIB) are offered 9,84,000 shares in Asarfi Hospital IPO and in Synoptics Technologies IPO.

 Asarfi Hospital IPOSynoptics Technologies IPO
Anchor Investor Reserveration14,76,000 shares
Market Maker Reserveration2,60,000 shares1,14,000 shares
QIB9,84,000 shares
NII7,38,000 shares10,83,000 shares
RII17,22,000 shares10,83,000 shares
Employee
Others
Total49,20,000 shares21,66,000 shares

Bids Received (Subscription)

Asarfi Hospital IPO subscribed 195.14x in total, whereas Synoptics Technologies IPO subscribed 2.66x.

 Asarfi Hospital IPOSynoptics Technologies IPO
QIB (times)50.60x
NII (times)451.62x2.58x
Big NII (times)
Small NII (times)
RII (times)167.81x2.54x
Employee (times)
Other (times)
Total (times)195.14x2.66x