Fixed Price IPO | ₹54 Cr | Listed at NSE SME | Fri, Jun 30, 2023 - Wed, Jul 5, 2023
Synoptics Technologies IPO is a fixed price issue of ₹54.04 crores. The issue is a combination of fresh issue of 0.15 crore shares aggregating to ₹35.08 crores and offer for sale of 0.08 crore shares aggregating to ₹18.96 crores.
Synoptics Technologies IPO bidding started from Jun 30, 2023 and ended on Jul 5, 2023. The allotment for Synoptics Technologies IPO was finalized on Jul 10, 2023. The shares got listed on NSE SME on Jul 13, 2023.
Synoptics Technologies IPO price is ₹237 per share. The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹1,42,200 (600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,200 shares), amounting to ₹2,84,400.
First Overseas Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is NNM Securities Pvt.Ltd..
Refer to Synoptics Technologies IPO RHP for detailed Information.
IPO Open
Fri, Jun 30, 2023
IPO Close
Wed, Jul 5, 2023
Issue Price
₹237 per share
Market Cap (Pre-IPO)
₹200.98 Cr
| IPO Date | 30 Jun to 5 Jul, 2023 |
| Listed on | Thu, Jul 13, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹237 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 22,80,000 shares (agg. up to ₹54 Cr) |
| Reserved for Market Maker | 1,14,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 13,66,000 shares (agg. up to ₹32 Cr) |
| Offer for Sale | 8,00,000 shares of ₹10 (agg. up to ₹19 Cr) |
| Net Offered to Public | 21,66,000 shares (agg. up to ₹51 Cr) |
| Share Holding Pre Issue | 70,00,000 shares |
| Share Holding Post Issue | 84,80,000 shares |
| NSE Symbol | SYNOPTICS |
| ISIN | INE0BTR01012 |
Synoptics Technologies IPO comprises a total issue size of 22,80,000 shares. The net offer to the public is 21,66,000 shares, after excluding 1,14,000 shares allotted on a firm basis. Of the Net offer 10,83,000 (50.00%) allocated to NII 10,83,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,83,000 | 50.00% | 47.50% |
| Retail Shares Offered | 10,83,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,14,000 | 5.00% | |
| Total Shares Offered | 22,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,42,200 |
| Retail (Max) | 1 | 600 | ₹1,42,200 |
| HNI (Min) | 2 | 1,200 | ₹2,84,400 |
Incorporated in 2008, Synoptics Technologies Limited provides IT services and solutions.
The company offers solutions in the areas of IT Infrastructure like connectivity to the Branches, Supply, implementation, and support of the network equipment needed to run the IT setup like routers, switches, etc.
It designs solutions for customers who need to put their applications on Cloud, as well as application migration, and managing the setup in the cloud. IT Security solutions like firewall installation and management. Data Centre design and solution with newer technology to optimize the investment and use less space and power and with clearly defined outcomes.
Synoptics Technologies helps enterprises, small businesses, and the Government in their Digital journey with various use cases of specific industry verticals. Its B2B customer list includes TATA Communications Limited, BOB Financial Services, Blue Dart Express Limited, Lifestyle International Private Limited, Shoppers Stop Limited, Hennes & Mauritz Retail Private Limited (H&M), Fedbank Financial Services Limited, GIC Housing Finance Ltd, Motilal Oswal Financial Services Limited, Government of Gujarat, etc.
The company has recently signed an agreement with BSNL to become their authorized Private LTE / Private 5G service partner nationwide.
Synoptics currently operates across India with a team of 584 employees. The company is headquartered in Mumbai and has regional offices in 17 locations throughout India including Andhra Pradesh, Bihar, Chandigarh, Delhi, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Odisha, Punjab, Rajasthan, Telangana, Tamil Nadu, Uttar Pradesh, Uttarakhand, and West Bengal.
| Period Ended | 31 Dec 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 53.80 | 42.80 | 37.60 | 33.26 |
| Total Income | 34.47 | 50.97 | 34.80 | 22.11 |
| Profit After Tax | 5.25 | 4.32 | 2.36 | 1.82 |
| NET Worth | 24.02 | 18.77 | 14.44 | 12.08 |
| Reserves and Surplus | 17.02 | 11.77 | 7.44 | 5.08 |
| Total Borrowing | 19.59 | 14.10 | 11.95 | 12.90 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of certain Borrowings; | 5.00 |
| 2 | Funding additional Working capital requirements | 17.58 |
| 3 | Investment in Strategic Acquisition / Joint Venture; and | 5.30 |
| 4 | General Corporate Purposes | 6.70 |
| KPI | |
|---|---|
| ROE | 21.87% |
| ROCE | 19.16% |
| Debt/Equity | 0.82 |
| RoNW | 19.48% |
| PAT Margin | 8.48% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.65 | |
| P/E (x) | 25.32 | |
| Promoter Holding | 100.00% | 73.11% |
| Market Cap | ₹200.98 Cr. |
The Synoptics Technologies IPO is subscribed 2.66 times on July 5, 2023 7:29:00 PM (Day 4). The public issue subscribed 2.54 times in the retail category, [.] times in the QIB category, and 2.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.58 | 10,83,000 | 27,99,000 |
| Retail | 2.54 | 10,83,000 | 27,51,600 |
| Total | 2.66 | 21,66,000 | 57,61,800 |
Total Applications: 4,586
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting, and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses, Brokerage and selling commission | 0.66 |
| 2 | Advertising and marketing expenses | 0.04 |
| 3 | Printing & Stationery, Distribution, Postage | 0.03 |
| 4 | ROC, Regulatory and other expenses including Listing Fee | 0.07 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹237.00 |
| Open | ₹238.00 |
| Low | ₹226.10 |
| High | ₹238.00 |
| Last Trade | ₹226.10 |
Lead Manager Reports
Synoptics Technologies IPO is a SME IPO of 22,80,000 equity shares of the face value of ₹10 aggregating up to ₹54 Crores. The issue is priced at ₹237 per share. The minimum order quantity is 600.
The IPO opens on Fri, Jun 30, 2023, and closes on Wed, Jul 5, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Synoptics Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Synoptics Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Synoptics Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Synoptics Technologies IPO opens on Fri, Jun 30, 2023 and closes on Wed, Jul 5, 2023.
Synoptics Technologies IPO lot size is 600, and the minimum amount required for application is ₹1,42,200.
You can apply in Synoptics Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Synoptics Technologies IPO will be done on Monday, July 10, 2023, and the allotted shares will be credited to your demat account by Wed, Jul 12, 2023. Check the Synoptics Technologies IPO allotment status.
The Synoptics Technologies IPO listing date is on Thu, Jul 13, 2023.
