Synoptics Technologies Limited, founded in 2008, offers IT services and solutions.
The company provides IT Infrastructure solutions such as branch connectivity, supply, deployment, and support of network equipment needed for running the IT setup such as routers, switches, and so on. It creates solutions for customers who need to place their applications in the cloud, as well as application migration and cloud management. Firewall installation and management are examples of IT security solutions. Data Centre design and solution using modern technologies to optimise investment, use less space and power, and achieve clearly defined results
Synoptics Technologies assists organisations, small businesses, and the government in their digital journeys through numerous industry vertical use cases. 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, and other companies are among its B2B customers.
The company just secured a deal with BSNL to become their authorised Private LTE / Private 5G service partner across the country.
Synoptics Technologies IPO Details
| IPO Date | Jun 30, 2023 to Jul 5, 2023 |
| Listing Date | [.] |
| Face Value | Rs 10 per share |
| Price | Rs 237 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 2,280,000 shares (aggregating up to Rs 54.03 Cr) |
| Fresh Issue | 1,480,000 shares (aggregating up to Rs 35.08 Cr) |
| Offer for Sale | 800,000 shares of Rs 10 (aggregating up to ₹18.96 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,000,000 |
| Share holding post issue | 8,480,000 |
| Market Maker portion | 114,000 shares |
Synoptics Technologies IPO Timetable (Tentative)
Synoptics Technologies IPO opens on Jun 30, 2023, and closes on Jul 5, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Friday, 30 June 2023 |
| Closing Date | Wednesday, 5 July 2023 |
| Basis of Allotment | Monday, 10 July 2023 |
| Initiation of Refunds | Tuesday, 11 July 2023 |
| Credit of Shares to Demat | Wednesday, 12 July 2023 |
| Listing Date | Thursday, 13 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jul 5, 2023 |
Synoptics Technologies IPO Lot Size
The Synoptics Technologies IPO lot size is 600 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹142,200 |
| Retail (Max) | 1 | 600 | ₹142,200 |
| HNI (Min) | 2 | 1,200 | ₹284,400 |
Synoptics Technologies IPO Promoter Holding
The Promoters of the company are Mr. Jagmohan Manilal Shah, Mr. Jatin Jagmohan Shah, and Mrs. Janvi Jatin Shah.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.11% |
