Last updated on July 13, 2023
Synoptics Technologies IPO description – Incorporated in 2008, Synoptics Technologies is an IT Services company offering 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.
Synoptics helps enterprises, small businesses, and the Government in their Digital journey with various use cases of specific industry verticals with the technology-led and innovation-driven approach. It is currently operating across India and with a team of 584 employees. The company has the ability to provide its B2B (Business to Business) customers with a blend of optimal functionality, value for money, commitment, and flexibility.
The company’s B2B customers include government entities, public sector undertakings (‘PSUs’), and private enterprises. Some of its esteemed customers 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, Government of Gujarat, etc.
Synoptics Technologies has 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 17 locations throughout India.
Promoters of Synoptics Technologies – Mr. Jagmohan Manilal Shah, Mr. Jatin Jagmohan Shah, and Mrs. Janvi Jatin Shah
Table of Contents
Synoptics Technologies IPO Details
| Synoptics Technologies IPO Dates | 30 Jun – 5 Jul 2023 |
| Synoptics Technologies IPO Price | INR 237 per share |
| Fresh issue | 14,80,000 shares (INR 35.07 crore) |
| Offer For Sale | 8,00,000 shares (INR 18.96 crore) |
| Total IPO size | 22,80,000 shares (INR 54.04 crore) |
| Minimum bid (lot size) | 600 shares (INR 142,200) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Synoptics Technologies Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 |
| Revenue | 22.08 | 34.76 | 50.92 | 34.65 |
| Expenses | 19.91 | 31.57 | 45.11 | 28.21 |
| Net income | 1.82 | 2.36 | 4.32 | 5.25 |
Synoptics Technologies Offer News
- Synoptics Technologies RHP
- Synoptics Technologies Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Synoptics Technologies Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 2.60 | 3.37 | 6.18 |
| PE ratio | – | – | 38.35 |
| RONW (%) | 15.07 | 16.34 | 23.04 |
| NAV | 17.26 | 20.64 | 26.81 |
| ROCE (%) | 15.48 | 18.53 | 22.91 |
| EBITDA (%) | 28.74 | 22.59 | 21.52 |
| Debt/Equity | 1.07 | 0.83 | 0.75 |
Synoptics Technologies IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 12 July 2023 | 2 | – | – |
| 11 July 2023 | 2 | – | – |
| 10 July 2023 | 5 | – | – |
| 8 July 2023 | 10 | – | 5,000 |
| 6 July 2023 | 15 | – | 7,000 |
| 5 July 2023 | 20 | – | 8,000 |
| 4 July 2023 | 22 | – | 8,000 |
| 1 July 2023 | 25 | – | 8,000 |
| 30 June 2023 | 22 | – | 8,000 |
Synoptics Technologies IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 1,197,000 | 1,083,000 | 2,280,000 |
| 5 Jul 2023 | 2.26 | 2.54 | 2.48 |
| 4 Jul 2023 | 1.85 | 1.00 | 1.54 |
| 3 Jul 2023 | 0.38 | 0.56 | 0.54 |
| 30 Jun 2023 | 0.02 | 0.19 | 0.20 |
Synoptics Technologies IPO Allotment Status
Synoptics Technologies IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Synoptics Technologies IPO Dates & Listing Performance
| IPO Opening Date | 30 June 2023 |
| IPO Closing Date | 5 July 2023 |
| Finalization of Basis of Allotment | 10 July 2023 |
| Initiation of refunds | 11 July 2023 |
| Transfer of shares to demat accounts | 12 July 2023 |
| IPO Listing Date | 13 July 2023 |
| Opening Price on NSE SME | INR 238 per share (up 0.42%) |
| Closing Price on NSE SME | INR 226.10 per share (down 4.60%) |
Synoptics Technologies Offer Lead Manager
FIRST OVERSEAS CAPITAL LIMITED
1-2 Bhupen Chambers, Dalal Street, Fountain,
Mumbai – 400 001, Maharashtra, India
Phone: +91 22 4050 9999
Email:Â [email protected]
Website:Â www.focl.in
Synoptics Technologies Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Synoptics Technologies Contact Details
SYNOPTICS TECHNOLOGIES LIMITED
301, A-Wing, 3rd Floor, Interface 16,
Mindspace, Malad (West), Mumbai 400064, Maharashtra
Phone: +91 22 4505 0000
E-mail: [email protected]
Website: www.synoptics.co.in
IPO FAQs
What is Synoptics Technologies IPO offer size?
Synoptics Technologies offer size is INR 54.04 crores.
What is the Synoptics Technologies offer price band?
Synoptics Technologies public offer price is INR 237 per share.
What is the lot size of Synoptics Technologies public offer?
Synoptics Technologies offer lot size is 600 shares.
What is Synoptics Technologies IPO GMP today?
Synoptics Technologies IPO GMP today is INR 2 per share.
What is Synoptics Technologies kostak rate today?
Synoptics Technologies kostak rate today is INR NA per application.
What is Synoptics Technologies Subject to Sauda rate today?
Synoptics Technologies Subject to Sauda rate today is INR NA per application.
