Established in 2008, Synoptics Technologies Limited is a leading provider of IT services and solutions. The company specializes in various areas of IT infrastructure, offering comprehensive connectivity solutions to branches and providing the necessary network equipment, such as routers and switches, for seamless IT operations.
Distinguished for its expertise in data center design, Synoptics Technologies utilizes cutting-edge technologies to optimize space and power consumption while delivering superior outcomes. Additionally, the company excels at designing and implementing cloud solutions, including application migration and cloud management services, along with providing robust IT security solutions, including firewall installation and management.
With a focus on enabling digital transformation, Synoptics Technologies caters to enterprises, small businesses, and government entities across various industry verticals. Their impressive B2B customer base includes renowned organizations such as 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, and the Government of Gujarat.
An exciting development for Synoptics Technologies is their recent agreement with BSNL to serve as their authorized Private LTE and private 5G service partner nationwide, further expanding their reach and capabilities.
Headquartered in Mumbai, Synoptics Technologies operates throughout India with a team of 584 highly skilled professionals. The company has established regional offices in 17 locations across the country, including Andhra Pradesh, Bihar, Chandigarh, Delhi, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Odisha, Punjab, Rajasthan, Telangana, Tamil Nadu, Uttar Pradesh, Uttarakhand, and West Bengal.
Continuing to deliver exceptional IT services and solutions, Synoptics Technologies leverages its extensive industry experience, strategic partnerships, and dedicated workforce. With a customer-centric approach, the company remains at the forefront of the IT industry, driving innovation and empowering organizations on their digital journeys.
Stock Quote #
- Open: ₹201.00
- High – Low: ₹201.00 – ₹200.25
- Previous Close: ₹210.75
- Total Traded Value: 9,600
- Updated On: Jul 18, 2023 4:00 PM
IPO Details #
| IPO Date | Jun 30, 2023 to Jul 5, 2023 |
| Listing Date | Jul 13, 2023 |
| Face Value | ₹10 per share |
| Price | ₹237 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 2,280,000 shares (aggregating up to ₹54.03 Cr) |
| Fresh Issue | 1,480,000 shares (aggregating up to ₹35.08 Cr) |
| Offer for Sale | 800,000 shares of ₹10 (aggregating up to ₹18.96 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,000,000 |
| Share holding post issue | 8,480,000 |
| Market Maker portion | 114,000 shares NNM Securities |
IPO Reservation #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 114,000 (5.00%) |
| Other Shares Offered | 1,083,000 (47.50%) |
| Retail Shares Offered | 1,083,000 (47.50%) |
| Total Shares Offered | 2,280,000 (100%) |
Synoptics Technologies IPO Timetable (Tentative) #
Synoptics Technologies IPO opens on Jun 30, 2023, and closes on Jul 5, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Friday, 30 June 2023 |
| Closing Date | Wednesday, 5 July 2023 |
| Basis of Allotment | Monday, 10 July 2023 |
| Initiation of Refunds | Tuesday, 11 July 2023 |
| Credit of Shares to Demat | Wednesday, 12 July 2023 |
| Listing Date | Thursday, 13 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jul 5, 2023 |
Synoptics Technologies IPO Lot Size #
The Synoptics Technologies IPO lot size is 600 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹142,200 |
| Retail (Max) | 1 | 600 | ₹142,200 |
| HNI (Min) | 2 | 1,200 | ₹284,400 |
| Lot Size Calculator | |||
IPO Promoter Holding #
The Promoters of the company are Mr. Jagmohan Manilal Shah, Mr. Jatin Jagmohan Shah, and Mrs. Janvi Jatin Shah.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.11% |
Company Financials #
| 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 | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 25.32 |
| Market Cap (₹ Cr.) | 200.98 |
| ROE | 21.87% |
| ROCE | 19.16% |
| Debt/Equity | 0.82 |
| EPS (Rs) | 4.65 |
| RoNW | 19.48% |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Repayment of certain Borrowings,
- Funding additional Working capital requirements,
- Investment in Strategic Acquisition / Joint Venture, and
- General Corporate Purposes.
Synoptics Technologies IPO Subscription Status (Bidding Detail) #
The Synoptics Technologies IPO is subscribed 2.66 times on Jul 5, 2023 7:29:00 PM. 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 (times) |
|---|---|
| Other | 2.58 |
| Retail | 2.54 |
| Total | 2.66 |
Total Application : 4,586 (2.54 times)
IPO Prospectus #
- › Synoptics Technologies IPO DRHP
- › Synoptics Technologies IPO RHP
Synoptics Technologies IPO Listing Details #
| Listing Date | Jul 13, 2023 |
| BSE Script Code | |
| NSE Symbol | SYNOPTICS |
| ISIN | INE0BTR01012 |
| Final Issue Price | ₹237 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹237.00 |
| ₹238.00 |
| ₹226.10 |
| ₹238.00 |
| ₹226.10 |
Company Contact Information
301, A-Wing, 3rd Floor,
Interface 16, Mindspace,
Malad (West), Mumbai – 400064
Phone: +91 22 4505 0000
Email: cs@synoptics.co.in
Website: https://synoptics.co.in/
Synoptics Technologies IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Synoptics Technologies IPO Lead Manager(s) #
Frequently Asked Questions (FAQs) #
What are the dates for the Synoptics Technologies IPO? #
Synoptics Technologies IPO opened on June 30, 2023, and closed on July 5, 2023.
What is the IPO price of Synoptics Technologies? #
Price of Synoptics Technologies is ₹237 per equity share.
What is the lot size for the Synoptics Technologies IPO? #
Lot size for the Synoptics Technologies IPO is 600 shares.
How much is the IPO size for Synoptics Technologies? #
The Synoptics Technologies IPO size is 2,280,000 Equity Shares, aggregating up to ₹54.03 Crores.
At which exchange will Synoptics Technologies be listed? #
Synoptics Technologies will be listed on NSE SME.
What is the subscription status of the Synoptics Technologies IPO? #
As per the available information, the IPO has been subscribed 2.66 times overall. The Qualified Institutional Buyers (QIB) portion was not subscribed, Non-Institutional Investors (NII) portion was subscribed 2.58 times, and Retail Individual Investors (RII) portion was subscribed 2.54 times.
How can I apply for the Synoptics Technologies IPO? #
Investors can apply for the Synoptics Technologies IPO through ASBA (Application Supported by Blocked Amount) in their bank account. They can also apply through brokers using UPI (Unified Payments Interface).
What is the listing date of the Synoptics Technologies IPO? #
The listing date for the Synoptics Technologies IPO is July 13, 2023.
Can I check the IPO allotment status and subscription status? #
Yes, you can check the Synoptics Technologies IPO allotment status and live subscription status on the respective websites.
Does the IPO analysis recommend applying for Synoptics Technologies IPO? #
The available information indicates that no specific IPO recommendation is provided. However, potential investors are advised to conduct their research, analyze the company’s financials, market situation, and other relevant factors before making an investment decision.
Please note that the information provided above is based on the available sources up to the given date and is subject to change. For the latest updates and detailed information, it is recommended to refer to the official prospectus and reliable financial sources.
