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 – Details
| IPO Opening Date | 30 June 2023 |
| IPO Closing Date | 05 July 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 22,80,000 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 Lot | 600 Shares |
| Min Order | 600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Private Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Synoptics Technologies IPO – Date Schedule
| IPO Open Date | 30 June 2023 |
| IPO Close Date | 05 July 2023 |
| Basis of Allotment | 10 July 2023 |
| Initiation of Refund | 11 July 2023 |
| Credit of Shares to Demat Account | 12 July 2023 |
| IPO Listing Date | 13 July 2023 |
Synoptics Technologies IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 600 | 1,42,200 |
| Retail (Maximum) | 1 | 600 | 1,42,200 |
| HNI (Minimum) | 2 | 1200 | 2,84,400 |
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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 22.11 | 19.91 | 1.82 |
| 31 March 2021 | 34.80 | 31.56 | 2.36 |
| 31 March 2022 | 50.97 | 45.10 | 4.32 |
| 31 December 2022 | 34.47 | 28.20 | 5.25 |
Synoptics Technologies IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.11% |
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 Email: cs@synoptics.co.in Website: www.synoptics.co.in |
Synoptics Technologies IPO Registrar
| Bigshare Services Private Limited Phone: 022 – 6263 8200 Email: ipo@bigshareonline.com Website: www.bigshareonline.com |
Synoptics Technologies IPO Lead Manager(s)
| 1. First Overseas Capital Limited |
Synoptics Technologies IPO FAQs
| 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. |
