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Synoptics Technologies IPO

  • Status: Closed
  • RHP:
  • ₹ 142,200 / 600 shares

    Minimum Investment

IPO Details

  • Open Date

    30 Jun 2023

  • Close Date

    05 Jul 2023

  • IPO Price Range

    ₹ 237

  • IPO Size

    ₹ 54.03 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    13 Jul 2023

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Synoptics Technologies IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Synoptics Technologies Limited provides IT services and solutions its IPO opens on 30th June and closes on 5th July.
The issue consists of a fresh issue of 1,480,000 shares (aggregating up to ₹35.08 Cr). The price band for the issue is fixed at Rs. 237 per share. The lot size is set for 600 shares per lot. The shares will be allotted on the 10th of July and the issue will be listed on the 13th July on the stock exchanges.
The book-running lead manager to the offer is First Overseas Capital Limited.

Objectives of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
    1. Repayment of certain Borrowings,
    2. Funding additional Working capital requirements,
    3. Investment in Strategic Acquisition / Joint Venture, and
    4. General Corporate Purposes.

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.
The company has recently signed an agreement with BSNL to become their authorized Private LTE / Private 5G service partner nationwide.


Peer Comparison
    • Allied Digital Services Limited
 

For More Information:

Webstory on Synoptics Technologies IPO

Synoptics Technologies IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 5092.32 3475.86 2207.81
EBITDA 178.46 228.09 156.51
PAT 429.31 242.89 203.79
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 1436.51 1239.00 1262.84
Share Capital 700 700 700
Total Borrowings 1410.03 1194.71 1290.16
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities 823.88 274.40 143.45
Net cash from / (used in) investing activities 4.82 9.90 105.60
Net cash flow from / (used in) financing activities 189.48 204.43 220.28
Net increase (decrease) in cash and cash equivalents 87.21 210.60 159.46

 


Strengths:

1. Ability to provide customized and integrated IT solutions
2. Experienced and Result Oriented Team
3. Demonstrated track record of strong financial performance
4. Strong pool of technically -qualified base of IT professionals with a pan-India presence

Risks

1. The company has certain outstanding legal proceedings involving the Company, Promoters, Directors, and Group Companies which may adversely affect its business, financial condition and results of operations.
2. The company derives a significant portion of its revenue from the Managed IT Service business. Therefore, factors that adversely affect the demand for such IT solutions or its position and reputation as a provider of such IT solutions may adversely affect its business and the results of operations.
3. If the company cannot attract and retain highly-skilled IT professionals, its ability to obtain, manage, and staff new projects and to continue to expand existing projects may result in a loss of revenue and an inability to expand its business. 

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FAQs

The Minimum lot size required for the Synoptics Technologies IPO is 600 shares.

The price band of Synoptics Technologies IPO is Rs.237 per share.

The Synoptics Technologies IPO opens on June 30, 2023 and closes on July 5, 2023.

The Synoptics Technologies IPO comprises a total issue of 2,280,000 shares (aggregating up to ₹54.03 Cr)

The allotment date of Synoptics Technologies IPO is 10th July 2023.

The listing date of  Synoptics Technologies IPO is 13th July 2023.

First Overseas Capital Limited is the book runner for Synoptics Technologies IPO.

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
    1. Repayment of certain Borrowings,
    2. Funding additional Working capital requirements,
    3. Investment in Strategic Acquisition / Joint Venture, and
    4. General Corporate Purposes

To apply for the Synoptics Technologies IPO, follow the steps given below
    • Login to your 5paisa account and select the issue in the current IPO section    
    • Enter the number of lots and price at which you wish to apply for     
    • Enter your UPI ID and click on submit. With this, your bid will be placed     with the exchange    
    • You will receive a mandate notification to block funds in your UPI app