Listing Details
- Listing Exchange NSE SME
- Listing Date 13-Jul-23
- IPO Price Range ₹ 237
- Listing Price ₹ 238
- Listing Change 0.4%
- Last Traded Price ₹ 133
- Current Change -43.9%
Synoptics Technologies IPO Details
- Open Date 30-Jun-23
- Close Date 05-Jul-23
- Lot Size 600
- IPO Size ₹ 54.03 Cr
- IPO Price Range ₹ 237
- Min Investment ₹ 142200
- Listing Exchange NSE SME
- Basis of Allotment 10-Jul-23
- Refunds 11-Jul-23
- Credit to Demat Account 12-Jul-23
- Listing Date 13-Jul-23
Synoptics Technologies IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 30-Jun-23 | - | 0.12 | 0.20 | 0.25 |
| 03-Jul-23 | - | 0.53 | 0.50 | 0.62 |
| 04-Jul-23 | - | 2.09 | 0.78 | 1.53 |
| 05-Jul-23 | - | 2.58 | 2.54 | 2.66 |
Synoptics Technologies IPO Synopsis
Synoptics Technologies Limited provides IT services and solutions its IPO opens on 30th June and closes on 5th July.
The issue consists of a fresh issue of 1,480,000 shares (aggregating up to ₹35.08 Cr). The price band for the issue is fixed at Rs. 237 per share. The lot size is set for 600 shares per lot. The shares will be allotted on the 10th of July and the issue will be listed on the 13th July on the stock exchanges.
The book-running lead manager to the offer is First Overseas Capital Limited.
Objectives of the Issue
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.
About Synoptics Technologies
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.
It designs solutions for customers who need to put their applications on Cloud, as well as application migration, and managing the setup in the cloud. IT Security solutions like firewall installation and management. Data Centre design and solution with newer technology to optimize the investment and use less space and power and with clearly defined outcomes.
The company has recently signed an agreement with BSNL to become their authorized Private LTE / Private 5G service partner nationwide.
Peer Comparison
• Allied Digital Services Limited
For More Information:
Synoptics Technologies Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 5092.32 | 3475.86 | 2207.81 |
| EBITDA | 178.46 | 228.09 | 156.51 |
| PAT | 429.31 | 242.89 | 203.79 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 1436.51 | 1239.00 | 1262.84 |
| Share Capital | 700 | 700 | 700 |
| Total Borrowings | 1410.03 | 1194.71 | 1290.16 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 823.88 | 274.40 | 143.45 |
| Net cash from / (used in) investing activities | 4.82 | 9.90 | 105.60 |
| Net cash flow from / (used in) financing activities | 189.48 | 204.43 | 220.28 |
| Net increase (decrease) in cash and cash equivalents | 87.21 | 210.60 | 159.46 |
Synoptics Technologies IPO Key Points
-
Strengths:
1. Ability to provide customized and integrated IT solutions
2. Experienced and Result Oriented Team
3. Demonstrated track record of strong financial performance
4. Strong pool of technically -qualified base of IT professionals with a pan-India presence -
Risks
1. The company has certain outstanding legal proceedings involving the Company, Promoters, Directors, and Group Companies which may adversely affect its business, financial condition and results of operations.
2. The company derives a significant portion of its revenue from the Managed IT Service business. Therefore, factors that adversely affect the demand for such IT solutions or its position and reputation as a provider of such IT solutions may adversely affect its business and the results of operations.
3. If the company cannot attract and retain highly-skilled IT professionals, its ability to obtain, manage, and staff new projects and to continue to expand existing projects may result in a loss of revenue and an inability to expand its business.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open Demat Account in 5 minutes
Be a part of the 5paisa community - the first listed discount broker of India
Synoptics Technologies IPO FAQs
What is the minimum lot size required for the Synoptics Technologies IPO?
The Minimum lot size required for the Synoptics Technologies IPO is 600 shares.
What is the price band of the IPO?
The price band of Synoptics Technologies IPO is Rs.237 per share.
When does the Synoptics Technologies IPO opens and closes?
The Synoptics Technologies IPO opens on June 30, 2023 and closes on July 5, 2023.
What is the size of the Synoptics Technologies IPO issue?
The Synoptics Technologies IPO comprises a total issue of 2,280,000 shares (aggregating up to ₹54.03 Cr)
What is the allotment date of Synoptics Technologies IPO?
The allotment date of Synoptics Technologies IPO is 10th July 2023.
What is the Synoptics Technologies IPO listing date?
The listing date of Synoptics Technologies IPO is 13th July 2023.
Who are the book runners for Synoptics Technologies IPO?
First Overseas Capital Limited is the book runner for Synoptics Technologies IPO.
What is the objective of 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
How to apply for the Synoptics Technologies IPO?
To apply for the Synoptics Technologies IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and price at which you wish to apply for
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
• You will receive a mandate notification to block funds in your UPI app
Contact Details of Synoptics Technologies IPO
Contact Information
Synoptics Technologies Limited
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 Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Synoptics Technologies IPO Lead Manager
First Overseas Capital Limited