The IPO date for Synoptics Technologies has been scheduled. The IPO will begin on June 30 and end on July 5. Synoptics Technologies is an NSE SME IPO that will raise 35.07 crores through the IPO. The IPO price band for Synoptics Technologies is set at 237, with a market lot of 600 shares.
Synoptics Technologies is an IT services provider that provides solutions such as IT infrastructure, cloud computing, software products, and enterprise SaaS. Synoptics technology-led and innovation-driven approach assists companies, small businesses, and governments in their Digital journey through numerous use cases of certain industry verticals. They currently have 584 employees and operate throughout India. Government institutions, public sector undertakings (“PSUs”), and private firms are among its B2B clientele.
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, and others are among its prestigious clients.
Synoptics Technologies recently secured an agreement with BSNL to become an authorised Private LTE / Private 5G service partner nationally, establishing them as a contender for future private LTE / Private 5G opportunities. Andhra Pradesh, Bihar, Chandigarh, Delhi, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Odisha, Punjab, Rajasthan, Telangana, Tamil Nadu, Uttar Pradesh, Uttarakhand, and West Bengal are among the states where the company maintains regional offices.
Synoptics Technologies IPO GMP, Date & Price Band Details
| IPO Open: | June 30, 2023 |
| IPO Close: | July 5, 2023 |
| IPO Size: | Approx ₹35.07 Crores, 14,80,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹237 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
Synoptics Technologies IPO Market Lot
The Synoptics Technologies IPO minimum market lot is 600 shares with a ₹142,200 application amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 600 | ₹142,200 |
| Retail Maximum | 1 | 600 | ₹142,200 |
| S-HNI Minimum | 2 | 1200 | ₹284,400 |
Objects of the Issue:
- Repayment of certain Borrowings;
- Funding additional Working capital requirements;
- Investment in Strategic Acquisition / Joint Venture; and
- General Corporate Purposes.
Synoptics Technologies IPO Review
- To be updated soon
Synoptics Technologies IPO Dates
The Synoptics Technologies IPO date is June 30 and the IPO close date is July 5. The IPO allotment date is July 10 and the IPO might list on July 13.
| IPO Open Date: | June 30, 2023 |
| IPO Close Date: | July 5, 2023 |
| Basis of Allotment: | July 10, 2023 |
| Refunds: | July 11, 2023 |
| Credit to Demat Account: | July 12, 2023 |
| IPO Listing Date: | July 13, 2023 |
Synoptics Technologies IPO Form
How to apply Synoptics Technologies IPO? –> You can apply Synoptics Technologies IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Synoptics Technologies IPO in the Invest section. The other option you can apply Synoptics Technologies IPO via IPO forms download via the NSE website. Check out the Synoptics Technologies forms.
Synoptics Technologies Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹22.11 | ₹19.91 | ₹1.82 |
| 2021 | ₹34.80 | ₹31.57 | ₹2.36 |
| 2022 | ₹50.97 | ₹45.11 | ₹4.32 |
| 2023 9M | ₹34.47 | ₹28.21 | ₹5.25 |
Synoptics Technologies IPO Valuation – FY2022
Check Synoptics Technologies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹6.18 per Equity Share |
| Price/Earning P/E Ratio: | 38.35 |
| Return on Net Worth (RoNW): | 23.04% |
| Net Asset Value (NAV): | ₹26.81 per Equity Share |
Peer Group
- Allied Digital Services Limited
Synoptics Technologies IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Address
Synoptics Technologies Limited
301, A-Wing, 3rd Floor, Interface 16,
Mindspace, Malad (West), Mumbai 400064, Maharashtra
Phone: +91 22 4505 0000
E-mail: cs@synoptics.co.in
Website: https://www.synoptics.co.in
Company Promoters
- Mr. Jagmohan Manilal Shah
- Mr. Jatin Jagmohan Shah
- Mrs. Janvi Jatin Shah
Synoptics Technologies IPO Lead Managers aka Merchant Bankers
- FIRST OVERSEAS CAPITAL LIMITED
Synoptics Technologies IPO FAQs:
Q1. What is Synoptics Technologies IPO?
Ans. Synoptics Technologies IPO is an NSE SME IPO. They are going to raise ₹35.07 Crores via IPO. The issue is priced at ₹237 per equity share. The IPO is to be listed on NSE.
Q2. When Synoptics Technologies IPO will open?
Ans. The IPO is to open on June 30, 2023 for NII, and Retail Investors.
Q3. What is Synoptics Technologies IPO Investors Portion?
Ans. The investors’ portion for NII is 50%, and Retail is 50%.
Q4. How to Apply the Synoptics Technologies IPO?
Ans. You can apply Synoptics Technologies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Synoptics Technologies IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Synoptics Technologies”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Synoptics Technologies IPO through Upstox?
Ans. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Synoptics Technologies”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Synoptics Technologies IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Synoptics Technologies”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Synoptics Technologies IPO Size?
Ans. Synoptics Technologies IPO size is ₹35.07 crores.
Q9. What is Synoptics Technologies IPO Price Band?
Ans. Synoptics Technologies IPO Price Band is ₹237 per equity share.
Q10. What is Synoptics Technologies IPO Minimum and Maximum Lot Size?
Ans. The IPO bid is 600 shares with ₹142,200.
Q11. What is Synoptics Technologies IPO Allotment Date?
Ans. Synoptics Technologies IPO allotment date is July 10, 2023.
Q12. What is Synoptics Technologies IPO Listing Date?
Ans. Synoptics Technologies IPO listing date is July 13, 2023. The IPO to list on NSE SME.
