30 June 2023
05 July 2023
Rs. 54.03 Cr
13 July 2023
₹ 237 per share
Synoptics Technologies Limited provides IT services and solutions. The company offers 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. The company has recently signed an agreement with BSNL to become their authorized Private LTE / Private 5G service partner nationwide.
Objective of the Synoptics Technologies IPO: The company intends to utilize the net proceeds from the issue towards the funding of the following objects: 1. Repayment of certain Borrowings, 2. Funding additional Working capital requirements, 3. Investment in Strategic Acquisition / Joint Venture, and 4. General Corporate Purposes.
Synoptics Technologies IPO lot size is 600 shares.
The IPO comprises a total issue of 2,280,000 shares (aggregating up to ₹54.03 Cr)
The allotment date of Synoptics Technologies IPO is set for 10th July.
First Overseas Capital Limited is the book runner