Issue Price
₹237
Per Share
GMP
NIL
Grey Market
Est. Listing
₹237
Expected Price
Min. Application
₹284,400
2 lots × 600 shares
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.
Synoptics Technologies Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 114,000 | — | ₹2.70 Cr | — |
| TOTAL | 2,280,000 | 100.00% | ₹54.04 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹142,200 |
| Retail (Max) | 13 | 7,800 | ₹1,848,600 |
| sNII (Min) | 14 | 8,400 | ₹1,990,800 |
| bNII (Min) | 68 | 40,800 | ₹9,669,600 |
| Particulars | 31-Dec-22 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue from Operations | 3446.81 | 5097.07 | 3479.91 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 525.35 | 525.36 | 236.02 |
| Net Worth | 2402.21 | 1876.85 | 1444.49 |
| Total Assets | 5379.95 | 4279.80 | 3759.78 |
| Reserves & Surplus | 1702.21 | 1176.85 | 744.49 |
| Total Borrowings | 1959.06 | 1410.03 | 1194.71 |