Synoptics Technologies IPO Details | GMP, Date, Review

Synoptics Technologies IPO Details Synoptics Tech IPO GMP, Synoptics Technologies Limited IPO Date, Synoptics IPO Review, Allotment, Price, Size

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Synoptics Technologies IPO Details ( Synoptics Technologies Limited IPO Review )

(30 Jun 2023 – 05 Jul 2023)

Synoptics Technologies Limited, established in 2008, specializes in providing IT services and solutions. The company’s offerings encompass various areas of IT infrastructure, including branch connectivity, supply, implementation, and support for network equipment such as routers and switches required for seamless IT operations.

The company excels in designing solutions for clients seeking to leverage the cloud, including application deployment, migration, and efficient management of cloud setups. Synoptics Technologies also offers robust IT security solutions, including firewall installation and management. Additionally, they provide data center design and solutions incorporating cutting-edge technologies that optimize investments, reduce space and power consumption, and deliver well-defined outcomes.

Synoptics Technologies collaborates with enterprises, small businesses, and government entities, assisting them in their digital transformation journeys by tailoring solutions to meet specific industry vertical requirements. Notable B2B clients 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, and the Government of Gujarat, among others.

Recently, the company entered into an agreement with BSNL to serve as their authorized nationwide partner for Private LTE / Private 5G services.

Operating with a dedicated team of 584 employees, Synoptics Technologies is headquartered in Mumbai and maintains regional offices across 17 locations throughout India. These offices are strategically situated in 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 Limited IPO Competitive Strength

  • Ability to provide customized and integrated IT solutions
  • Experienced and Result Oriented Team
  • Demonstrated track record of strong financial performance
  • Quality of Services
  • Certifications, Awards and Accreditations
  • Strong pool of technically -qualified base of IT professionals with a pan-India presence

Synoptics Technologies IPO Financials Performance ( Results )

Synoptics Technologies Limited Financial Information ( Restated Consolidated )

All Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenuePATEPS
Net WorthNAV

Objective of IPO Issue

  • Repayment of certain Borrowings
  • Funding additional Working capital requirements
  • Investment in Strategic Acquisition / Joint Venture
  • General Corporate Purposes

Synoptics Technologies IPO Basic Details

IPO DateJun 30, 2023 to Jul 05, 2023
Listing DateThursday, July 13, 2023
Face Value₹10 per share
Price₹237 per share
Lot Size600 Shares
Issue Size2,280,000 shares
(aggregating up to ₹54.03 Cr)
Fresh Issue1,480,000 shares
(aggregating up to ₹35.08 Cr)
Offer for Sale800,000 shares of ₹10
(aggregating up to ₹18.96 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Share holding pre issue7,000,000
Share holding post issue8,480,000
Company PromotersMr. Jagmohan Manilal Shah,
Mr. Jatin Jagmohan Shah
And Mrs. Janvi Jatin Shah

Synoptics Tech IPO Reservation

Other Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue

Synoptics Technologies IPO Timetable

Synoptics Technologies IPO will open on June 30, 2023 and close on July 05, 2023. You can join Synoptics Technologies IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening Date30 June 2023 (Friday)
Closing Date05 July 2023 (Wednesday)
Basis of Allotment10 July 2023 (Monday)
Initiation of Refunds11 July 2023 (Tuesday)
Credit of Shares to Demat12 July 2023 (Wednesday)
Listing Date13 July 2023 (Thursday)

Synoptics Tech IPO Lot Size

For retail investors in Synoptics Tech IPO, 600 shares will come in 1 lot or the minimum investment will be ₹142,200. Retail-individual investors can apply for up to 1 lot or the maximum investment will be ₹142,200.

Retail (Min)1600₹142,200
Retail (Max)1600₹142,200
S-HNI (Min)21200₹284,400

Synoptics Technologies IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding73.11%

Synoptics IPO Valuation – FY2022

Earning Per Share (EPS)₹6.13 per Equity Share
Price/Earning P/E Ratio25.32
Return on Net Worth (RoNW)19.48%
Net Asset Value (NAV)₹34.32 per Equity Share
Upper Price/Book Value (Price/BV) Ratio6.91

Synoptics Technologies Ltd Key Performance Indicator

Market Cap (₹ Cr.)200.97
P/E (x)25.32
ROE (%)22.57
ROCE (%)22.62

Synoptics Technologies Ltd Peer Comparison

Company NameConsolidated/
Synoptics Technologies
Peer Group
Allied Digital Services

Synoptics Technologies IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
12 July 2023₹-8 
11 July 2023₹-1
10 July 2023₹-2
9 July 2023₹-1
8 July 2023₹-1
7 July 2023₹-1
6 July 2023₹0
5 July 2023₹0
4 July 2023₹21
3 July 2023₹20
2 July 2023₹20
1 July 2023₹22
30 June 2023₹22
29 June 2023₹22
28 June 2023₹21
27 June 2023₹21
26 June 2023₹0

Synoptics Technologies IPO Detail Video:

Synoptics Technologies IPO Subscription Status (Bidding Detail)

The Synoptics Technologies IPO on July 05, 2023 at 7:30:00 PM was subscribed 2.66 times, with the retail category being subscribed 2.54 times, the other category being subscribed 2.58 times.


Synoptics Technologies IPO Prospectus

Synoptics Technologies IPO DRHPDownload
Synoptics Technologies IPO RHPDownload

Synoptics Technologies IPO Rating

Our Rating2.5/5.0

Synoptics Technologies Company Contact Information

Synoptics Technologies Limited

Registered Office: 301, A-Wing, 3rd Floor, Interface 16, Mind Space,
Malad (West), Mumbai 400064, Maharashtra 400067, India
Tel. No.: +91 22 4505 0000
Contact Person: Ms. Srushthi Nalin Trivedi, Company Secretary & Compliance Officer
Promoters Of Our Company: Mr. Jagmohan Manilal Shah, Mr. Jatin Jagmohan Shah And Mrs. Janvi Jatin Shah

Synoptics Technologies IPO Registrar

Bigshare Services Private Limited

Registered Office: S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road,
Next to Ahura Centre, Andheri East, Mumbai – 400 093, Maharashtra, India
Tel. No.: +91 22 6263 8200
Investor Grievance Email:
Contact Person: Babu Rapheal C.
SEBI Registration No.: INR000001385

Synoptics Technologies IPO Lead Manager

First Overseas Capital Limited

Registered Office: 1-2 Bhupen Chambers, Dalal Street, Fountain,
Mumbai – 400 001, Maharashtra, India
Tel No.: +91 22 4050 9999
Investor Grievance Email:
Contact Person: Rushabh Shroff/ Mala Soneji
SEBI Registration No: INM000003671

Synoptics Technologies IPO FAQs

What is the lot size of Synoptics Technologies IPO?

The total size of Synoptics Technologies IPO is 54.03 crores out of which ₹35.08 crores is fresh issue and ₹18.96 crores is offer for sale (OFS).

When will Synoptics Technologies IPO start?

Synoptics Technologies IPO will Open from 30 June 2023 and IPO will Close on 05 July 2023.

What is the open date of Synoptics Technologies IPO?

Synoptics Technologies IPO will open date from 30 June 2023.

What is the last date ( close date ) of Synoptics Technologies IPO?

Synoptics Technologies IPO will close from 05 July 2023.

What is the price band of Synoptics Technologies IPO?

Synoptics Technologies IPO price band is ₹237.

What is the minimum amount required to apply for Synoptics Technologies IPO?

The minimum investment for retailers to apply for Synoptics Technologies IPO is ₹142,200 and the maximum investment is ₹142,200.

What is going on gray market premium of Synoptics Technologies IPO?

View gray market premium of Synoptics Technologies IPO by Clicking Here

How much is the GMP of Synoptics Technologies IPO?

Watch Synoptics Technologies IPO GMP Today: Click Here

What is the allotment date of Synoptics Technologies IPO?

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

How to check allotment status in Synoptics Technologies IPO?

To check the allotment status of Synoptics Technologies IPO, first of all go to the registrar website by clicking here, select your bad Synoptics Technologies IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Synoptics Technologies IPO?

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

How much will be the listing gain in Synoptics Technologies IPO?

View listing gain of Synoptics Technologies IPO by Clicking Here

How much time Synoptics Technologies IPO is subscribed?

Total 2.66 times subscribed in Synoptics Technologies IPO out of which 2.54 times subscription was done in retail quota, 2.58 times subscription in other quota.

How to apply for Synoptics Technologies IPO from Upstox?

Click Here to see how to apply for Synoptics Technologies IPO from Upstox. (step by step)

How to apply for Synoptics Technologies IPO from Zerodha?

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How to apply for Synoptics Technologies IPO from Angle One?

Click Here to see how to apply for Synoptics Technologies IPO from Angle One. (step by step)

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