Synoptics Technologies IPO Details ( Synoptics Technologies Limited IPO Review )
(30 Jun 2023 – 05 Jul 2023)
Synoptics Technologies Limited, established in 2008, specializes in providing IT services and solutions. The company’s offerings encompass various areas of IT infrastructure, including branch connectivity, supply, implementation, and support for network equipment such as routers and switches required for seamless IT operations.
The company excels in designing solutions for clients seeking to leverage the cloud, including application deployment, migration, and efficient management of cloud setups. Synoptics Technologies also offers robust IT security solutions, including firewall installation and management. Additionally, they provide data center design and solutions incorporating cutting-edge technologies that optimize investments, reduce space and power consumption, and deliver well-defined outcomes.
Synoptics Technologies collaborates with enterprises, small businesses, and government entities, assisting them in their digital transformation journeys by tailoring solutions to meet specific industry vertical requirements. Notable B2B clients include 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, among others.
Recently, the company entered into an agreement with BSNL to serve as their authorized nationwide partner for Private LTE / Private 5G services.
Operating with a dedicated team of 584 employees, Synoptics Technologies is headquartered in Mumbai and maintains regional offices across 17 locations throughout India. These offices are strategically situated in Andhra Pradesh, Bihar, Chandigarh, Delhi, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Odisha, Punjab, Rajasthan, Telangana, Tamil Nadu, Uttar Pradesh, Uttarakhand, and West Bengal.
Synoptics Technologies Limited IPO Competitive Strength
- Ability to provide customized and integrated IT solutions
- Experienced and Result Oriented Team
- Demonstrated track record of strong financial performance
- Quality of Services
- Certifications, Awards and Accreditations
- Strong pool of technically -qualified base of IT professionals with a pan-India presence
Synoptics Technologies IPO Financials Performance ( Results )
Synoptics Technologies Limited Financial Information ( Restated Consolidated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 3,326.20 | 2,211.43 | 182.06 | 2.91 | 1,208.47 | 17.57 | 508.47 | 1,290.16 |
| 31-Mar-21 | 3,759.78 | 3,479.91 | 236.02 | 3.47 | 1,444.49 | 21.04 | 744.49 | 1,194.71 |
| 31-Mar-22 | 4,279.80 | 5,097.07 | 432.36 | 6.13 | 1,876.85 | 27.18 | 1,176.85 | 1,410.03 |
| 31-Dec-22 | 5,379.95 | 3,446.81 | 525.36 | 7.52 | 2,402.21 | 32.27 | 1,702.21 | 1,959.06 |
Objective of IPO Issue
- Repayment of certain Borrowings
- Funding additional Working capital requirements
- Investment in Strategic Acquisition / Joint Venture
- General Corporate Purposes
Synoptics Technologies IPO Basic Details
| IPO Date | Jun 30, 2023 to Jul 05, 2023 |
| Listing Date | Thursday, July 13, 2023 |
| Face Value | ₹10 per share |
| Price | ₹237 per share |
| Lot Size | 600 Shares |
| 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 |
| Company Promoters | Mr. Jagmohan Manilal Shah, Mr. Jatin Jagmohan Shah And Mrs. Janvi Jatin Shah |
Synoptics Tech IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Synoptics Technologies IPO Timetable
Synoptics Technologies IPO will open on June 30, 2023 and close on July 05, 2023. You can join Synoptics Technologies IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 30 June 2023 (Friday) |
| Closing Date | 05 July 2023 (Wednesday) |
| Basis of Allotment | 10 July 2023 (Monday) |
| Initiation of Refunds | 11 July 2023 (Tuesday) |
| Credit of Shares to Demat | 12 July 2023 (Wednesday) |
| Listing Date | 13 July 2023 (Thursday) |
Synoptics Tech IPO Lot Size
For retail investors in Synoptics Tech IPO, 600 shares will come in 1 lot or the minimum investment will be ₹142,200. Retail-individual investors can apply for up to 1 lot or the maximum investment will be ₹142,200.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 600 | ₹142,200 |
| Retail (Max) | 1 | 600 | ₹142,200 |
| S-HNI (Min) | 2 | 1200 | ₹284,400 |
Synoptics Technologies IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.11% |
Synoptics IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹6.13 per Equity Share |
| Price/Earning P/E Ratio | 25.32 |
| Return on Net Worth (RoNW) | 19.48% |
| Net Asset Value (NAV) | ₹34.32 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | 6.91 |
Synoptics Technologies Ltd Key Performance Indicator
| KPI | Values |
| Market Cap (₹ Cr.) | 200.97 |
| P/E (x) | 25.32 |
| ROE (%) | 22.57 |
| ROCE (%) | 22.62 |
| Debt/Equity | 0.85 |
Synoptics Technologies Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Synoptics Technologies Limited | Consolidated | 237 | 10 | 6.13 | 38.66 | 22.57 | 27.18 |
| Peer Group | |||||||
| Allied Digital Services Limited | Consolidated | 97.40 | 5 | 11.66 | 9.82 | 11.48 | 102.65 |
Synoptics Technologies IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 12 July 2023 | ₹-8 | – | – |
| 11 July 2023 | ₹-1 | – | – |
| 10 July 2023 | ₹-2 | – | – |
| 9 July 2023 | ₹-1 | – | – |
| 8 July 2023 | ₹-1 | – | – |
| 7 July 2023 | ₹-1 | – | – |
| 6 July 2023 | ₹0 | – | – |
| 5 July 2023 | ₹0 | – | – |
| 4 July 2023 | ₹21 | – | – |
| 3 July 2023 | ₹20 | – | – |
| 2 July 2023 | ₹20 | – | – |
| 1 July 2023 | ₹22 | – | – |
| 30 June 2023 | ₹22 | – | – |
| 29 June 2023 | ₹22 | – | – |
| 28 June 2023 | ₹21 | – | – |
| 27 June 2023 | ₹21 | – | – |
| 26 June 2023 | ₹0 | – | – |
Synoptics Technologies IPO Detail Video:
Synoptics Technologies IPO Subscription Status (Bidding Detail)
The Synoptics Technologies IPO on July 05, 2023 at 7:30:00 PM was subscribed 2.66 times, with the retail category being subscribed 2.54 times, the other category being subscribed 2.58 times.
| Category | Subscription |
| Other | 2.58x |
| Retail | 2.54x |
| Total | 2.66x |
Synoptics Technologies IPO Prospectus
Synoptics Technologies IPO Rating
| Our Rating | 2.5/5.0 |
Synoptics Technologies Company Contact Information
Synoptics Technologies Limited
Registered Office: 301, A-Wing, 3rd Floor, Interface 16, Mind Space,
Malad (West), Mumbai 400064, Maharashtra 400067, India
Tel. No.: +91 22 4505 0000
Email: cs@synoptics.co.in
Website: www.synoptics.co.in
Contact Person: Ms. Srushthi Nalin Trivedi, Company Secretary & Compliance Officer
Promoters Of Our Company: Mr. Jagmohan Manilal Shah, Mr. Jatin Jagmohan Shah And Mrs. Janvi Jatin Shah
Synoptics Technologies IPO Registrar
Bigshare Services Private Limited
Registered Office: 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: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Babu Rapheal C.
SEBI Registration No.: INR000001385
Synoptics Technologies IPO Lead Manager
First Overseas Capital Limited
Registered Office: 1-2 Bhupen Chambers, Dalal Street, Fountain,
Mumbai – 400 001, Maharashtra, India
Tel No.: +91 22 4050 9999
Email: rushabh@focl.in/ mala@focl.in
Investor Grievance Email: investorcomplaints@focl.in
Website: www.focl.in
Contact Person: Rushabh Shroff/ Mala Soneji
SEBI Registration No: INM000003671
Synoptics Technologies IPO FAQs
What is the lot size of Synoptics Technologies IPO?
The total size of Synoptics Technologies IPO is ₹54.03 crores out of which ₹35.08 crores is fresh issue and ₹18.96 crores is offer for sale (OFS).
When will Synoptics Technologies IPO start?
Synoptics Technologies IPO will Open from 30 June 2023 and IPO will Close on 05 July 2023.
What is the open date of Synoptics Technologies IPO?
Synoptics Technologies IPO will open date from 30 June 2023.
What is the last date ( close date ) of Synoptics Technologies IPO?
Synoptics Technologies IPO will close from 05 July 2023.
What is the price band of Synoptics Technologies IPO?
Synoptics Technologies IPO price band is ₹237.
What is the minimum amount required to apply for Synoptics Technologies IPO?
The minimum investment for retailers to apply for Synoptics Technologies IPO is ₹142,200 and the maximum investment is ₹142,200.
What is going on gray market premium of Synoptics Technologies IPO?
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How much is the GMP of Synoptics Technologies IPO?
Watch Synoptics Technologies IPO GMP Today: Click Here
What is the allotment date of Synoptics Technologies IPO?
The allotment date of Synoptics Technologies IPO is 10 July 2023.
How to check allotment status in Synoptics Technologies IPO?
To check the allotment status of Synoptics Technologies IPO, first of all go to the registrar website by clicking here, select your bad Synoptics Technologies IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Synoptics Technologies IPO?
The listing date of Synoptics Technologies IPO is 13 July 2023.
How much will be the listing gain in Synoptics Technologies IPO?
View listing gain of Synoptics Technologies IPO by Clicking Here
How much time Synoptics Technologies IPO is subscribed?
Total 2.66 times subscribed in Synoptics Technologies IPO out of which 2.54 times subscription was done in retail quota, 2.58 times subscription in other quota.
How to apply for Synoptics Technologies IPO from Upstox?
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