The Synoptics Technologies IPO has begun on 30 June 2023. It will close on 05 July 2023. The Total IPO Size is 54.03 Crore. The company set its IPO price is 237 Rs Per Share. Basically, There are three basic categories in Synoptics Technologies IPO Subscription 1) Other 2) Retail Individual Investors (RIIs) 3) Market Maker.
Synoptics Technologies is established in 2008.
Synoptics Technologies is an engaged in the provides IT services and solutions. They offering solutions in the areas of IT Infrastructure like connectivity to the Branches, Supply, implementation and support of the network equipment’s needed to run the IT setup like routers, switches etc.
They have recently signed an agreement with BSNL to become their authorized Private LTE / Private 5G service partner nationwide this would establish ourselves into upcoming private LTE / Private 5G opportunities.
The Company is headquartered in Mumbai and has regional offices in 16 locations throughout India including Andhra Pradesh, Bihar, Chennai, Delhi, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Odisha, Punjab, Rajasthan, Telangana, Uttar Pradesh, Uttarakhand and West Bengal.
B2B customers include TATA Communications Limited, BOB Financial Services, Blue Dart Express Limited, Lifestlye 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
Check :- Upcoming SME IPO 2023
Peers
| Name of the Company | EPS | PE | NAV | FV |
| Synoptics Technologies Limited | 6.13 | 38.66 | 27.18 | 10 |
| Allied Digital Services Limited | 11.66 | 9.82 | 102.65 | 5 |
Synoptics Technologies IPO Promotors
| Name of the Promoter | No. of Shares held | Average cost of Acquisition (in ₹ ) |
| Mr. Jatin Jagmohan Shah | 64,40,000 | 0.26 |
| Mr. Jagmohan Manilal Shah | 2,80,000 | 0.07 |
| Mrs. Janvi Jatin Shah | 1,39,970 | 0.07 |
| Total Pre Issue | 68,59,970 (98.00%) | |
Synoptics Technologies IPO Date, Details & Price Band
| IPO Opening Dates | 30 June 2023 |
| IPO Closing Dates | 05 July 2023 |
| Price Band | 237 Rs Per Share |
| Fresh issue | 35.08 Crore |
| Total IPO size | 54.03 Crore |
| Offer for sale | 18.96 Crore |
| Minimum bid (lot size) | 600 Shares |
| Face Value | 10 INR Per Share |
| Market Maker | 5% |
| Other | 47.50% |
| Retail Allocation | 47.50% |
| Listing On | NSE SME |
Synoptics Technologies IPO Market Lot
The Synoptics Technologies IPO minimum market lot is 600 shares With 142,200 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Minimum | 1 | 600 | 142,200 Rs |
| Maximum | 1 | 600 | 142,200 Rs |
| S-HNI (Min) | 2 | 1200 | 284,400 Rs |
Restated Financial Record of the three year (Amt. in Lakhs)
| Total Assets | Total Revenue | Profit After Tax | |
| 31-Mar-20 | 3,326.20 | 2,211.43 | 182.06 |
| 31-Mar-21 | 3,759.78 | 3,479.91 | 236.02 |
| 31-Mar-22 | 4,279.80 | 5,097.07 | 432.36 |
| EPS (₹) | NAV (₹) | RoNW(%) | Borrowings (Lakhs) | |
| 31-Mar-20 | 2.91 | 27.18 | 16.57 | 1,290.16 |
| 31-Mar-21 | 3.47 | 21.04 | 16.49 | 1,194.71 |
| 31-Mar-22 | 6.13 | 17.57 | 22.57 | 1,410.03 |
Synoptics Technologies IPO GMP Grey Market Premium
Synoptics Technologies IPO GMP Grey market premium has been started today. Check Latest Synoptics Technologies IPO GMP Grey market premium, Kostak Rates and Subject to Sauda Price here.
Synoptics Technologies IPO Prospectus
| DRHP | Download |
| RHP | Download |
Synoptics Technologies IPO Reviews
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Synoptics Technologies IPO Form Download
Synoptics Technologies IPO is available on NSE Website as well as on our Portal. Please click here Synoptics Technologies IPO form Download.
Synoptics Technologies IPO Allotment Date & Details
| Allotment Date | 10 July 2023 |
| Initiation of refunds | 11 July 2023 |
| Transfer of shares to Demat accounts | 12 July 2023 |
| Listing Date | 13 July 2023 |
| Check Allotment Status | Click here |
Registrar of Synoptics Technologies IPO
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura
Centre, Andheri East, Mumbai – 400 093, Maharashtra, India
Tel. No.: +91 22 6263 8200
Email:[email protected]
Investor Grievance Email:[email protected]
Website: www.bigshareonline.com
Contact Person: Babu Rapheal C.
SEBI Registration No.: INR000001385
Synoptics Technologies Contact Details
Synoptics Technologies Limited
301, A-Wing, 3rd Floor,
Interface 16, Mindspace,
Malad (West), Mumbai – 400064
Phone: +91 22 4505 0000
Email: [email protected]
Website: https://synoptics.co.in/
Synoptics Technologies IPO
Lead Managers
FIRST OVERSEAS CAPITAL LIMITED
1-2 Bhupen Chambers, Dalal Street, Fountain,
Mumbai – 400 001, Maharashtra, India
Tel No.: +91 22 4050 9999
Email: [email protected]/ [email protected]
Investor Grievance Email: [email protected]
Website: www.focl.in
Contact Person: Rushabh Shroff/ Mala Soneji
SEBI Registration No: INM000003671