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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹54.04 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹54.04 Cr |
| Fresh Issue | ₹32.37 Cr |
| Offer for Sale | ₹18.96 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹237.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | SYNOPTICS |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | First Overseas Capital Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 600 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of certain Borrowings; | 5.00 |
| 2 | Funding additional Working capital requirements | 17.58 |
| 3 | Investment in Strategic Acquisition / Joint Venture; and | 5.30 |
| 4 | General Corporate Purposes | 6.70 |
| Period Ended | 31 Dec 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 53.80 | 42.80 | 37.60 | 33.26 |
| Total Income | 34.47 | 50.97 | 34.80 | 22.11 |
| Profit After Tax | 5.25 | 4.32 | 2.36 | 1.82 |
| NET Worth | 24.02 | 18.77 | 14.44 | 12.08 |
| Reserves and Surplus | 17.02 | 11.77 | 7.44 | 5.08 |
| Total Borrowing | 19.59 | 14.10 | 11.95 | 12.90 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 21.87% |
| ROCE | 19.16% |
| Debt / Equity | 0.82% |
| RoNW | 19.48% |
| PAT Margin | 8.48% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.65 | |
| P/E (x) | 25.32 | |
| Promoter Holding | 100.00% | 73.11% |
| Market Cap | ₹200.98 Cr. | |
