Synoptics Technologies (NSE SME)
June 30, 2023 – July 5, 2023
| Price | ₹237 - ₹237 |
| Premium | ₹-3 |
|---|---|
| Lot size | 600 |
| Allotment | Jul 10, 2023 |
| Listing | Jul 13, 2023 |
Synoptics Technologies Limited
301, A-Wing, 3rd Floor,
Interface 16, Mindspace,
Malad (West), Mumbai - 400064
Phone: +91 22 4505 0000
Email: cs@synoptics.co.in
Website: https://synoptics.co.in/
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 10,83,000 | 27,01,800 | 2.49 |
| RETAIL | 10,83,000 | 27,51,600 | 2.54 |
| Total | 21,66,000 | 54,53,400 | 2.52 |
| Retail Apps | 4,586 | © IPO Premium | |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 600 | 142200 | 0 |
| HNI | 2 | 1200 | 284400 | 0 |
Incorporated in 2008, Synoptics Technologies Limited provides IT services and solutions.
The company offers 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. It designs solutions for customers who need to put their applications on Cloud, as well as application migration, and managing 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 Technologies helps enterprises, small businesses, and the Government in their Digital journey with various use cases of specific industry verticals. Its B2B customer list includes 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, etc.
The company has recently signed an agreement with BSNL to become their authorized Private LTE / Private 5G service partner nationwide.
Synoptics currently operates across India with a team of 584 employees. The company is 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
| Total Issue Size | 2,280,000 shares (aggregating up to ₹54.03 Cr) |
| Fresh Issue | 1,480,000 shares (aggregating up to ₹35.08 Cr) |
| Offer for Sale | 800,000 shares of ₹10 (aggregating up to ₹18.96 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,000,000 |
| Share holding post issue | 8,480,000 |
| Market Maker portion | 114,000 shares Nnm Securities |
Synoptics Technologies IPO Reservation
| Retail Shares Offered | Not less than 50.00% of the Offer |
Company Financials
| Period Ended | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 | 31-Dec-22 |
|---|---|---|---|---|
| Total Assets | 3,326.20 | 3,759.78 | 4,279.80 | 5,379.95 |
| Total Revenue | 2,211.43 | 3,479.91 | 5,097.07 | 3,446.81 |
| Profit After Tax | 182.06 | 236.02 | 432.36 | 525.36 |
| Net Worth | 1,208.47 | 1,444.49 | 1,876.85 | 2,402.21 |
| Reserves and Surplus | 508.47 | 744.49 | 1,176.85 | 1,702.21 |
| Total Borrowing | 1,290.16 | 1,194.71 | 1,410.03 | 1,959.06 |