Synoptics Technologies Limited GMP IPO Details
Synoptics Technologies is an IT services company that specializes in providing solutions such as IT infrastructure, cloud services, software products, and enterprise SaaS. They assist businesses, small enterprises, and government organizations in their digital transformation journeys by employing a technology-driven and innovative approach.
The company currently operates across India and has a team of 584 employees. Their clientele includes B2B customers like government entities, public sector undertakings (PSUs), and private enterprises. Some notable customers of Synoptics Technologies 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.
In a recent development, Synoptics Technologies has entered into an agreement with BSNL to become their authorized nationwide partner for private LTE/5G services. This strategic partnership positions Synoptics Technologies to tap into the upcoming opportunities in the private LTE/5G space. The company is headquartered in Mumbai and has regional offices in 17 locations across 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.
Objects of the Issue:
- Repayment of certain Borrowings;
- Funding additional Working capital requirements;
- Investment in Strategic Acquisition / Joint Venture; and
- General Corporate Purposes.
Synoptics Technologies IPO Date & Price Band Details
IPO Open: | June 30, 2023 |
IPO Close: | July 5, 2023 |
IPO Size: | Approx ₹35.07 Crores, 14,80,000 Equity Shares |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹237 Per Equity Share |
IPO Listing on: | NSE SME |
Retail Quota: | 50% of the net offer |
NII Quota: | 50% of the net offer |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Synoptics Technologies IPO Market Lot
The minimum market lot for the Synoptics Technologies IPO is 600 shares, requiring an application amount of ₹142,200.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 600 | ₹142,200 |
Retail Maximum | 1 | 600 | ₹142,200 |
S-HNI Minimum | 2 | 1200 | ₹284,400 |
Synoptics Technologies IPO Dates
The Synoptics Technologies IPO is scheduled to open on June 30, and the closing date for the IPO is July 5. The allotment of shares for the IPO is expected to be finalized on July 10, and the IPO may be listed on July 13.
IPO Open Date: | June 30, 2023 |
IPO Close Date: | July 5, 2023 |
Basis of Allotment: | July 10, 2023 |
Refunds: | July 11, 2023 |
Credit to Demat Account: | July 12, 2023 |
IPO Listing Date: | July 13, 2023 |
Synoptics Technologies Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2020 | ₹22.11 | ₹19.91 | ₹1.82 |
2021 | ₹34.80 | ₹31.57 | ₹2.36 |
2022 | ₹50.97 | ₹45.11 | ₹4.32 |
2023 9M | ₹34.47 | ₹28.21 | ₹5.25 |
Synoptics Technologies IPO Valuation – FY2022
Check Synoptics Technologies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | ₹6.18 per Equity Share |
Price/Earning P/E Ratio: | 38.35 |
Return on Net Worth (RoNW): | 23.04% |
Net Asset Value (NAV): | ₹26.81 per Equity Share |
Peer Group
- Allied Digital Services Limited
Company Promoters
- Mr. Jagmohan Manilal Shah
- Mr. Jatin Jagmohan Shah
- Mrs. Janvi Jatin Shah
Synoptics Technologies IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Synoptics Technologies IPO Allotment Status
Check Synoptics Technologies IPO allotment status on Bigshare website URL. Click Here
Synoptics Technologies IPO Lead Managers aka Merchant Bankers
- FIRST OVERSEAS CAPITAL LIMITED
Company Address
Synoptics Technologies Limited
301, A-Wing, 3rd Floor, Interface 16,
Mindspace, Malad (West), Mumbai 400064, Maharashtra
Phone: +91 22 4505 0000
E-mail: cs@synoptics.co.in
Website: www.synoptics.co.in
Synoptics Technologies IPO FAQs
What is the Synoptics Technologies IPO?
The Synoptics Technologies IPO is an initial public offering on the NSE SME platform. The company plans to raise ₹35.07 Crores through the IPO by offering its shares to the public at a price of ₹237 per equity share. The IPO will be listed on the NSE.
When will the Synoptics Technologies IPO open?
The Synoptics Technologies IPO will open on June 30, 2023, for both NII (Non-Institutional Investors) and Retail Investors.
What is the investors’ portion for the Synoptics Technologies IPO?
The investors’ portion for the Synoptics Technologies IPO is divided into two categories: NII and Retail. Both NII and Retail investors have an equal share of 50% each.
How can I apply for the Synoptics Technologies IPO?
You can apply for the Synoptics Technologies IPO online through ASBA (Application Supported by Blocked Amount) using your bank account. Alternatively, you can apply online via UPI (Unified Payments Interface) through your stockbrokers. If you prefer, you can also apply through your stockbrokers by filling out the offline application form.
How can I apply for the Synoptics Technologies IPO through Zerodha?
To apply for the Synoptics Technologies IPO through Zerodha, log in to the Zerodha website or application, go to the Portfolio section, and click on IPO. Look for the IPO named “Synoptics Technologies” and click on the Bid button. Enter your UPI ID, quantity, and price. Submit the IPO application form. Then, go to your UPI App on Net Banking or BHIM App to approve the mandate. If you don’t have a Demat Account with Zerodha, you can open one.
How can I apply for the Synoptics Technologies IPO through Upstox?
To apply for the Synoptics Technologies IPO through Upstox, log in to the Upstox application with your credentials. Select the IPO and find the IPO named “Synoptics Technologies.” Click on the Bid button and confirm your application. Then, go to your UPI App on Net Banking or BHIM App to approve the mandate. If you don’t have a Demat Account with Upstox, you can open one.
How can I apply for the Synoptics Technologies IPO through Paytm Money?
To apply for the Synoptics Technologies IPO through Paytm Money, log in to the Paytm Money application with your credentials. Select the IPO and find the IPO named “Synoptics Technologies.” Click on the Bid button and confirm your application. Then, go to your UPI App on Net Banking or BHIM App to approve the mandate. If you don’t have a Demat Account with Paytm Money, you can open one.
What is the size of the Synoptics Technologies IPO?
The Synoptics Technologies IPO has a size of ₹35.07 crores.
What is the price band for the Synoptics Technologies IPO?
The price band for the Synoptics Technologies IPO is ₹237 per equity share.
What is the minimum and maximum lot size for the Synoptics Technologies IPO?
The minimum lot size for the Synoptics Technologies IPO is 600 shares, with an application amount of ₹142,200.
What is the allotment date for the Synoptics Technologies IPO?
The allotment date for the Synoptics Technologies IPO is July 10, 2023.
What is the listing date for the Synoptics Technologies IPO?
The listing date for the Synoptics Technologies IPO is July 13, 2023. The IPO will be listed on the NSE SME platform.