Comparison between Drone Destination IPO and Synoptics Technologies IPO.
Drone Destination 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.
| Drone Destination IPO | Synoptics Technologies IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | First Overseas Capital Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | NNM Securities Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Drone Destination IPO is up to ₹40.95 Cr whereas the issue size of the Synoptics Technologies IPO is up to ₹51.33 Cr. The final issue price of Drone Destination IPO is ₹65.00 per share and of Synoptics Technologies IPO is ₹237.00 per share.
| Drone Destination IPO | Synoptics Technologies IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹62.00 per share | |
| Issue Price (Upper) | ₹65.00 per share | |
| 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 | 63,00,000 shares | 13,66,000 shares |
| Fresh Issue Size (Amount) | up to ₹40.95 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 | 63,00,000 shares | 21,66,000 shares |
| Issue Size Total (Amount) | up to ₹40.95 Cr | up to ₹51.33 Cr |
Drone Destination IPO opens on Jul 07, 2023, while Synoptics Technologies IPO opens on Jun 30, 2023. The closing date of Drone Destination IPO and Synoptics Technologies IPO is Jul 13, 2023, and Jul 05, 2023, respectively.
| Drone Destination IPO | Synoptics Technologies IPO | |
|---|---|---|
| Anchor Bid Date | Jul 06, 2023 | |
| Issue Open | Jul 07, 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 | Aug 17, 2023 | |
| Anchor Lockin End date 2 | Oct 16, 2023 |
Drone Destination IPO P/E ratio is 64.35, as compared to Synoptics Technologies IPO P/E ratio of 25.32.
| Drone Destination IPO | Synoptics Technologies IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 85.14 | 100.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.31 | 73.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 64.35 | 25.32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹157.95 Cr. | ₹200.98 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 13.90 | 21.87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 18.65 | 19.16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.06 | 0.82 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹25.80 | ₹4.65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 13.90 | 19.48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Drone Destination IPO Retail Individual Investors (RII) are offered 22,06,000 shares while in Synoptics Technologies IPO retail investors are offered 22,06,000 shares. Qualified Institutional Buyers (QIB) are offered 12,60,000 shares in Drone Destination IPO and in Synoptics Technologies IPO.
| Drone Destination IPO | Synoptics Technologies IPO | |
|---|---|---|
| Anchor Investor Reservation | 18,88,000 shares | |
| Market Maker Reservation | 5,00,000 shares | 1,14,000 shares |
| QIB | 12,60,000 shares | |
| NII | 9,46,000 shares | 10,83,000 shares |
| RII | 22,06,000 shares | 10,83,000 shares |
| Employee | ||
| Others | ||
| Total | 63,00,000 shares | 21,66,000 shares |
Drone Destination IPO subscribed 191.65x in total, whereas Synoptics Technologies IPO subscribed 2.66x.
| Drone Destination IPO | Synoptics Technologies IPO | |
|---|---|---|
| QIB (times) | 50.46x | |
| NII (times) | 243.85x | 2.58x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 250.09x | 2.54x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 191.65x | 2.66x |
