Synoptics Technologies Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,083,000 (48%) | — | ₹2,567 Cr |
| Retail | — | 1,083,000 (48%) | — | ₹2,567 Cr |
| Market Maker | — | 114,000 (5%) | — | ₹27 Cr |
| Σ Total | — | 2,280,000 (100%) | — | ₹54,036 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹142,200 |
| Retail (Max) | 13 | 7,800 | ₹1,848,600 |
| S-HNI (Min) | 14 | 8,400 | ₹1,990,800 |
| B-HNI (Min) | 67 | 40,200 | ₹9,527,400 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31-Dec-22 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 3,447 | 5,097 | 3,480 |
| Profit After Tax | 525 | 525 | 236 |
| Net Worth | 2,402 | 1,877 | 1,444 |
| Total Assets | 5,380 | 4,280 | 3,760 |
| Reserves & Surplus | 1,702 | 1,177 | 744 |
| Total Borrowing | 1,959 | 1,410 | 1,195 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment of certain Borrowings; – 5.00
- Funding additional Working capital requirements – 17.58
- Investment in Strategic Acquisition / Joint Venture; and – 5.30
- General Corporate Purposes – 6.70
Company Overview
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.