Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹237.00 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). The minimum lot size investment for 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 Date | June 30, 2023 to July 5, 2023 |
| Listing Date | July 13, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹237 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 22,80,000 shares (aggregating up to ₹54.04 Cr) |
| Reserved for Market Maker | 1,14,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹2.70 Cr) |
| Fresh Issue (Ex Market Maker) | 13,66,000 shares (aggregating up to ₹32.37 Cr) |
| Offer for Sale | 8,00,000 shares of ₹10 (aggregating up to ₹18.96 Cr) |
| Net Offered to Public | 21,66,000 shares (aggregating up to ₹51.33 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 70,00,000 shares |
| Share Holding Post Issue | 84,80,000 shares |
Synoptics Technologies IPO offers total 22,80,000 shares. Out of which 10,83,000 (47.50%) allocated to NII, 10,83,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,14,000 (5.00%) |
| NII (HNI) Shares Offered | 10,83,000 (47.50%) |
| Retail Shares Offered | 10,83,000 (47.50%) |
| Total Shares Offered | 22,80,000 (100.00%) |
Synoptics Technologies IPO opens on June 30, 2023, and closes on July 5, 2023.
| IPO Open Date | Fri, Jun 30, 2023 |
| IPO Close Date | Wed, Jul 5, 2023 |
| Tentative Allotment | Mon, Jul 10, 2023 |
| Initiation of Refunds | Tue, Jul 11, 2023 |
| Credit of Shares to Demat | Wed, Jul 12, 2023 |
| Tentative Listing Date | Thu, Jul 13, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jul 5, 2023 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 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 | ||||||
The market capitalization of Synoptics Technologies IPO is ₹200.98 Cr.
| KPI | Values |
|---|---|
| ROE | 21.87% |
| ROCE | 19.16% |
| Debt/Equity | 0.82 |
| RoNW | 19.48% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many big players. The sudden boost in its bottom line for H1 FY23 raises eyebrows and concerns over sustainability in the future. Based on such super earnings, the issue appears fully priced. The small equity capital post-IPO indicates a longer gestation period for migration to the mainboard. It has an order book worth Rs. 28 cr. as of May 31, 2023. Well-informed/cash surplus investors may consider investment for long-term rewards. Read detail review...
| Listing Date | July 13, 2023 |
| BSE Script Code | |
| NSE Symbol | SYNOPTICS |
| ISIN | INE0BTR01012 |
| Final Issue Price | ₹237 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹237.00 |
| Open | ₹238.00 |
| Low | ₹226.10 |
| High | ₹238.00 |
| Last Trade | ₹226.10 |
Synoptics Technologies Ltd.
301, A-Wing, 3rd Floor,
Interface 16, Mindspace,
Malad (West),
Mumbai, Maharashtra, 400064
Phone: +91 22 4505 0000
Email: cs@synoptics.co.in
Website: https://synoptics.co.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Synoptics Technologies IPO is a SME IPO of 22,80,000 equity shares of the face value of ₹10 aggregating up to ₹54.04 Crores. The issue is priced at ₹237 per share. The minimum order quantity is 600.
The IPO opens on June 30, 2023, and closes on July 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 June 30, 2023 and closes on July 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 Wednesday, July 12, 2023. Check the Synoptics Technologies IPO allotment status.
The Synoptics Technologies IPO listing date is on Thursday, July 13, 2023.
Useful Articles
RHP