Synoptics Technologies Limited IPO (Synoptics Technologies IPO)

Synoptics Technologies Limited IPO
Upcoming Synoptics Technologies IPO | New Synoptics Technologies IPO

Synoptics Technologies Limited 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.

Synoptics Technologies has currently operating across India and with a team of 584 employees.

Synoptics Technologies has B2B customers include government entities, public sector undertakings (“PSUs”), private enterprises. Some of
company’s esteemed customers include TATA Communications Limited, BOB Financial Services, Blue Dart Express Limited, Lifestlye 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 etc.

The company has recently signed an agreement with BSNL to become their authorized Private LTE / Private 5G service partner nationwide this would establish themselves into upcoming private LTE / Private 5G opportunities.

The Company’s headquartered in Mumbai and has regional offices in 17 locations throughout India including Andhra Pradesh, Bihar, Chandigarh, Delhi, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Odisha, Punjab, Rajasthan, Telangana, Tamil Nadu, Uttar Pradesh, Uttarakhand and West Bengal.

Synoptics Technologies IPO

Synoptics Technologies IPO – Details

IPO Opening Date30 June 2023
IPO Closing Date05 July 2023
Issue TypeFixed Price Issue IPO
Issue Size22,80,000 Shares Worth ₹54.04 Crore
Fresh Issue: 14,80,000 Shares Worth ₹35.08 Crore
Offer For Sale: 8,00,000 Shares Worth ₹18.96 Crore
Face Value₹10 per equity share
IPO Price₹237
Market Lot600 Shares
Min Order600 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Private Limited
Other Shares Offered50%
Retail Shares Offered50%

Synoptics Technologies IPO – Date Schedule

IPO Open Date30 June 2023
IPO Close Date05 July 2023
Basis of Allotment10 July 2023
Initiation of Refund11 July 2023
Credit of Shares to Demat Account12 July 2023
IPO Listing Date13 July 2023

Synoptics Technologies IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)16001,42,200
Retail (Maximum)16001,42,200
HNI (Minimum)212002,84,400

Competitive Strengths

  • 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 Promoters

  • Mr. Jagmohan Manilal Shah
  • Mr. Jatin Jagmohan Shah
  • Mrs. Janvi Jatin Shah

Object Of The Issue

  • Repayment of certain Borrowings.
  • To meet the Working Capital requirements.
  • Investment in Strategic Acquisition / Joint Venture.
  • To meet the expenses of the Issue.
  • General Corporate Purposes.
Synoptics Technologies IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 202022.1119.911.82
31 March 202134.8031.562.36
31 March 202250.9745.104.32
31 December 202234.4728.205.25
Amount in ₹ Crore

Synoptics Technologies IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding73.11%

Synoptics Technologies IPO Prospectus

Company Contact Information

Synoptics Technologies Limited

301, A-Wing, 3rd Floor, Interface 16,
Mindspace, Malad (West), Mumbai
400064, Maharashtra, India

Phone: +91 22 4505 0000

Synoptics Technologies IPO Registrar

Bigshare Services Private Limited

Phone: 022 – 6263 8200

Synoptics Technologies IPO Lead Manager(s)

1. First Overseas Capital Limited

Synoptics Technologies IPO FAQs

Synoptics Technologies IPO 2023
What is Synoptics Technologies IPO?

Synoptics Technologies IPO is a SME IPO. The issue is priced at ₹237 per equity share. The IPO is to be listed on NSE SME.
When Synoptics Technologies IPO will open?

The IPO is to open on  30 June 2023 for NII and Retail Investors.
How to Synoptics Technologies IPO?

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.
How to Apply the Synoptics Technologies IPO through 5 Paisa?

Log in to 5 Paisa 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 5 Paisa.
How to Apply the Synoptics Technologies IPO through Edelweiss?

Log in to Angle One 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 Edelweiss.
What is Synoptics Technologies IPO Size?

Synoptics Technologies IPO size is ₹54.04 crores.
What is Synoptics Technologies IPO Price Band?

Synoptics Technologies IPO Price Band is ₹237.
What is Synoptics Technologies IPO Minimum and Maximum Lot Size?

The minimum bid is 600 Shares with ₹1,42,200 amount while the maximum bid is 600 shares with ₹1,42,200.
What is the Synoptics Technologies IPO Allotment Date?

Synoptics Technologies IPO allotment date is  10 July 2023.
What is the Synoptics Technologies IPO Listing Date?

Synoptics Technologies IPO listing date is  13 July 2023. The IPO is to list on NSE SME.
Share Market IPO App
Previous articleTridhya Tech Limited IPO (Tridhya Tech IPO)
Next articleGlobal Pet Industries Limited IPO (Global Pet Industries IPO)