Equity shares in Synoptics Technologies Limited will be issued via fixed price issue in the company’s Initial Public Offering (IPO). The initial public offering (IPO) for Synoptics Technologies Limited is set for the week of June 30 – July 05, 2023.The issue is priced at ₹237 per share. The minimum order quantity is 600 Shares. With a face value of Rs. 10, each of the 2,280,000 shares up for sale in the IPO may bring in as much as 54.03 Cr. for the company. Let’s learn more about their initial public offering scheduled for June-July of 2023.
About Synoptics Technologies Limited
Synoptics Technologies Limited, founded in 2008, provides IT services and solutions.
The company provides IT Infrastructure solutions such as branch connectivity, supply, deployment, and support of network equipment required to run 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 Center design and solution using modern technologies to optimize investment, consume less space and power, and achieve clearly defined results.
Synoptics Technologies assists organizations, 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 approved Private LTE / Private 5G service partner across the country. Synoptics currently has 584 employees spread over India. The organization is based in Mumbai, with regional offices in 17 states across the country.
Synoptics Technologies IPO Issue Details
| Issue Type | Fixed Price IPO Issue |
| Issue Opens | 30th June 2023 |
| Issue Closes | 05th July 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 237 Per Share |
| Issue Size | 2,280,000 Shares (Rs 54.03 crores) |
| Minimum Order Quantity | 600 Shares |
| Listing | NSE, SME |
Purpose of the Issue
The company aims to use the net revenues of the offering to fund the following projects:
- Investment in Strategic Acquisition / Joint Venture.
- To address additional working capital needs.
- Repayment of certain Borrowings.
- General Corporate Goals.
Synoptics Technologies Limited — Company Contact Details
- Registered & Corporate Office: 301, A-Wing, 3rd Floor, Interface 16, Mindspace, Malad (West), Mumbai – 400064
- Telephone: +91 22 4505 0000
- Website: https://synoptics.co.in/
Synoptics Technologies IPO – Lead Managers of the Issue
First Overseas Capital Limited
- Office Address: 1-2, Bhupen Chambers Ground Flr, Dalal Street, Mumbai – 400001
- Telephone: +91 22 4050 9900
- Email: rushabh@focl.in
Synoptics Technologies IPO – Registrar of the Issue
Bigshare Services Pvt Ltd
- Telephone:+91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://www.bigshareonline.com/
Synoptics Technologies Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
