Synoptics Technologies Ltd
Price Range
₹237
Min. Quantity
600
Closes on
5 July 2023
Min. investment
₹1,42,200/600 Shares
Synoptics Technologies Ltd IPO Timeline
Synoptics Technologies Limited was originally incorporated as Synoptics Technologies Private Limited on October 15, 2008 in Mumbai. Subsequently the Company was converted to Public Limited Company and name of Company was changed to 'Synoptics Technologies Limited' vide fresh Certificate of Incorporation on July 19, 2018 issued by the Registrar of Companies, Mumbai. Headquartered in Mumbai, the Company 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's needed to run the IT setup like routers, switches etc.
| Event | Date |
|---|---|
| Synoptics Technologies Ltd IPO Opening Date | 30 June 2023 |
| Synoptics Technologies Ltd IPO Closing Date | 5 July 2023 |
| Basis of Allotment | 10 July 2023 |
| Initiation of Refunds | 11 July 2023 |
| Credit of Shares to Demat | 12 July 2023 |
| Synoptics Technologies Ltd IPO Listing Date | 13 July 2023 |
Synoptics Technologies Ltd IPO Details
| Synoptics Technologies Ltd IPO Date | 30 June 2023 to 5 July 2023 |
| Synoptics Technologies Ltd IPO Face Value | ₹10 per share |
| Synoptics Technologies Ltd IPO Price | ₹237 to ₹0 per share |
| Synoptics Technologies Ltd IPO Lot Size | 600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹54.04 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹35.08 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹18.96 Cr) |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Jagmohan Manilal Shah, Jatin Jagmohan Shah, Janvi Jatin Shah |
Synoptics Technologies Ltd IPO Lot Size
The Synoptics Technologies Ltd IPO lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹1,42,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 600 | ₹1,42,200 |
| Maximum | 1 | 600 | ₹1,42,200 |
- Strengths
- Risks
- Opportunities
- 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.
Company Financials
Synoptics Technologies Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 91.98 | 43.42 | 6.00 |
| 03-2023 | 55.46 | 51.24 | 6.63 |
| 03-2022 | 42.74 | 50.78 | 4.29 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment of certain borrowings
- To meet the working capital requirements
- Investment in strategic acquisition/joint venture
- General corporate purposes
Synoptics Technologies Ltd IPO Promoter Holding
| Pre Issue Share Holding | 4% |
| Post Issue Share Holding | 2.12% |
Synoptics Technologies Ltd IPO Subscription Status (Bidding Detail)
The Synoptics Technologies Ltd IPO is subscribed 2.4845 times on 5 July 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 2.4845 |
Synoptics Technologies Ltd IPO Prospectus
Synoptics Technologies Ltd IPO Listing Date
| Listing Date | 13 July 2023 |
| BSE Script | 73365 |
| NSE Symbol | SYNOPTICS |
| Listing In | NSE - SME |
| ISIN | INE0BTR01012 |
| IPO Price | ₹237 |
| Face Value | ₹10 |
Company Contact Information
301 A-Wing 3rd Flr Interface16Mind Space Malad (West),Mumbai-400064
Phone: 91-22-45050000
Email: cs@synoptics.co.in
Website: www.synoptics.co.in
Synoptics Technologies Ltd IPO Registrar
Synoptics Technologies Ltd IPO Lead Manager(s)
- First Overseas Capital Ltd
FAQ
What is the issue size of Synoptics Technologies Ltd IPO?
I have pre-applied for Synoptics Technologies Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.