Synoptics Technologies IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Jul 05, 2023Let’s have a detailed review of the company and analytics of the Synoptics Technologies IPO release date, IPO offer price, subscription, Synoptics Technologies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 237 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 600 Shares |
| Listing Date | 13 July 2023 |
| Offer for Sale | Rs 1,896 Lakh |
| Fresh Issue | Rs 3,508 Lakh |
| IPO Size | Rs 5,403 Lakh |
| Tick Size | 1 |
Synoptics Technologies IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Synoptics Technologies Share Price |
Synoptics Technologies IPO – Summary
Their Company was incorporated as Synoptics Technologies Private Limited under the provisions of the CompaniesAct, 1956 vide certificate of incorporation dated October 15, 2008, in Mumbai.
Subsequently, their Company was converted into a Public Limited Company pursuant to Shareholder’s Resolution passed at the Extra Ordinary General Meeting of the Company held on July 03, 2018, and the name of their Company was changed from “Synoptics Technologies Private Limited” to “Synoptics Technologies Limited”.
The Promoter of this company is MR. JAGMOHAN MANILAL SHAH, MR. JATIN JAGMOHAN SHAH AND MRS. JANVI JATIN SHAH. The lead manager of the issue is FIRST OVERSEAS CAPITAL LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Synoptics Technologies IPO Date
The opening and closing dates of Synoptics Technologies IPO are 30 June 2023 and 5 July 2023 respectively.
Synoptics Technologies IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 30th Jun | 0.12x | 0.20x | 0.25x |
| 2nd Day – 3rd Jul | 0.53x | 0.51x | 0.62x |
| 3rd Day – 4th Jul | 2.09x | 0.78x | 1.53x |
| 4th Day – 5th Jul | 2.31x | 1.45x | 1.98x |
| Shares Offered or Net Issue | 1,083,000 | 1,083,000 | 2,280,000 |
The shares subscribed by the public will be updated here.
Synoptics Technologies IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Synoptics Technologies Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 10 July 2023 |
| Refunds Initiation | 11 July 2023 |
| Credit of Shares to Demat Account | 12 July 2023 |
| Share Listing Date | 13 July 2023 |
Synoptics Technologies IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.237
Synoptics Technologies IPO Equity Size
This Initial Public Issue of 2,280,000 Equity Shares of Rs.10 each for cash at a price of Rs.237 per equity share aggregating to Rs.5,403 Lakh.
Synoptics Technologies IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,280,000 Equity Shares of Rs.10/ each.
Issue Size: 2,280,000 Equity Shares of Rs.10 each, aggregating to Rs.5,403 Lakh
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Synoptics Technologies IPO – Live Performance
The listing date of this IPO is 13 July 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Synoptics Technologies Share Price |
Synoptics Technologies IPO Grey Market Premium
The Synoptics Technologies Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Synoptics Technologies IPO – Company Overview
They are 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.
Also, they design the solution for customers who need to put their applications on Cloud. They help with the application migration and manage 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.
Synoptics helps enterprises, small businesses and Governments in their Digital journey with various use cases of specific industry verticals with their technology-led and innovation-driven approach. They are currently operating across India and with a team of 584 employees.
They have the ability to provide their B2B (Business to Business) customers with a blend of optimal functionality, value for money, commitment and flexibility.
Synoptics Technologies IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 3995.42 | 2,843.28 | 2,520.78 | 2,063.35 |
| *Total Revenue | 3446.81 | 5,097.07 | 3,479.91 | 2,211.43 |
| Total Expense | 2,820.85 | 4,510.63 | 3,156.71 | 1,991.36 |
| Profit After Tax | 525.36 | 432.36 | 236.02 | 182.06 |
Earnings per Equity Share (in Lakh)
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 7.51 | 6.13 | 3.47 | 2.91 |
Further, their PAT for the period ended on Dec 31, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 525.36 Lakh, Rs. 432.36 Lakh, Rs. 236.02 Lakh and Rs. 182.06 Lakh respectively.
Synoptics Technologies IPO – Promoters
The Promoter of this company is:
- MR. JAGMOHAN MANILAL SHAH,
- MR. JATIN JAGMOHAN SHAH
- MRS. JANVI JATIN SHAH
List of Related Parties (Key Managerial Personnel)
- Jatin Jagmohan Shah, Managing Director
- Jagmohan Manilal Shah, Executive Director
- Amitabh Kanhaiyalal Kundan, Independent NonExecutive Director
- Riddhi Mayank Mehta, Non-Executive Director
- Nirbhay Singh Sohal, Independent NonExecutive Director
Synoptics Technologies IPO – Promoters Holding
- Pre-Issue Share Holding – 100.00%
- Post-Issue Share Holding – 73.11%
Synoptics Technologies IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 22,80,000 Equity Shares aggregating up to Rs.5403.60 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,14,000 Equity Shares aggregating up to Rs.270.18 Lakh |
| Net Issue to the Public | Up to 21,66,000 Equity Shares aggregating up to Rs. 5133.42 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 10,83,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 10,83,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 70,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 84,80,000 Equity Shares |
Synoptics Technologies IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Repayment of certain Borrowings;
- Funding additional Working capital requirements;
- Investment in Strategic Acquisition / Joint Venture; and
- General Corporate Purposes.
Synoptics Technologies IPO – Business Strategy
- Expand their Current Business Relationships
- Focus on New Service offerings and technology-enabled through Innovation
- Continue to attract, build and develop employee excellence
- Continue to invest in infrastructure
- Enhancing Operating Effectiveness and Efficiency
Synoptics Technologies IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- 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
- A strong pool of technically -qualified base of IT professionals with a pan-India presence
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 6.18 | 23.04 | 26.81 |
| 31-Mar-21 | 3.37 | 16.34 | – |
| Mar-20 | 2.60 | 15.07 | – |
Synoptics Technologies IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Synoptics Technologies Limited | 10 | 38.35 | 6.18 | 23.04 | 5097.07 |
| Listed Peers | |||||
| Allied Digital Services Limited | 5 | 9.82 1 | 11.66 | 11.48 | 48724.00 |
Synoptics Technologies IPO Lead Managers
| Lead Managers |
| FIRST OVERSEAS CAPITAL LIMITED 1-2 Bhupen Chambers, Dalal Street, Fountain, Mumbai – 400 001, Maharashtra, India Tel No.: +91 22 4050 9999 Email: mb@focl.in Investor Grievance Email: investorcomplaints@focl.in Website: www.focl.in Contact Person: Rushabh Shroff/ Mala Soneji SEBI Registration No: INM000003671 |
Synoptics Technologies IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai – 400 093, Maharashtra, India Tel. No.: +91 22 6263 8200 Email:ipo@bigshareonline.com Investor Grievance Email:investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Babu Rapheal C. SEBI Registration No.: INR000001385 |
Synoptics Technologies IPO – Other Details
- Statutory Auditor – M/s. Yogesh J Walavalkar And Co., Chartered Accountants
- Legal Counsel to the Company – Ms POOJA SHARMA
- Bankers to the Company – FEDERAL BANK OF INDIA
Synoptics Technologies IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Synoptics Technologies Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Synoptics Technologies IPO Review FAQs
Check out various FAQs related to Synoptics Technologies IPO:
What is the Issue Size of Synoptics Technologies IPO?
The Company is making an initial public offer of 2,280,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Synoptics Technologies IPO?
The price band for this particular IPO ranges between Rs 237. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Synoptics Technologies IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 30 June 2023, while the closing date is set at 5 July 2023.
What is the Synoptics Technologies IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 10 July 2023, refund initiation is on 11 July 2023, credit of shares is on 12 July 2023, and share listing date is on 13 July 2023.
What is the Synoptics Technologies IPO Listing Date?
Shares of this company shall be listed in the exchanges on 13 July 2023. The date, when the listing would be done, is stagnant on 13 July 2023.
Who is the Registrar of Synoptics Technologies IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Synoptics Technologies IPO?
Here are the promoters of this IPO -: MR. JAGMOHAN MANILAL SHAH, MR. JATIN JAGMOHAN SHAH AND MRS. JANVI JATIN SHAH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Synoptics Technologies?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Synoptics Technologies IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Synoptics Technologies Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 432.36, 2021 is 236.02, and 2020 is 182.06. PAT from Jun 2022 is 525.36.
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