Synoptics Technologies is an IT Services company offering solutions like IT Infrastructure, Cloud, Software Products, and Enterprise SaaS. 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. Their B2B customers include government entities, public sector undertakings (“PSUs”), and private enterprises. Some of its esteemed customers include 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.
Synoptics Technologies recently signed an agreement with BSNL to become their authorized Private LTE / Private 5G service partner nationwide this would establish them into upcoming private LTE / Private 5G opportunities. 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.
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
- May Apply
Synoptics Technologies IPO 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 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
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 |
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 |
You can check IPO subscription status and IPO allotment status on their respective pages.
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 – click NSE IPO Forms download, fill and submit in your bank or with your broker.
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
Company Promoters
- Mr. Jagmohan Manilal Shah
- Mr. Jatin Jagmohan Shah
- Mrs. Janvi Jatin Shah
Synoptics Technologies IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Synoptics Technologies IPO Allotment Status
Check Synoptics Technologies IPO allotment status on Bigshare website URL. Click Here
Synoptics Technologies IPO Lead Managers aka Merchant Bankers
- FIRST OVERSEAS CAPITAL LIMITED
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: [email protected]
Website: www.synoptics.co.in
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