Business Standard

Synoptics Technologies Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

54.04 cr

Price Range (₹)

237

Lot Size

600

Min Investment (₹)

1,42,200.00

Listing Exchange

NSE - SME

Open Date

30-Jun-2023

Close Date

05-Jul-2023

Listing Date

13-Jul-2023

Synoptics Technologies Ltd News

    The Shares of Synoptics Technologies Ltd have now been listed.

    Synoptics Technologies Ltd IPO Details

    Initial public offering of up to 22,80,000 equity shares of Rs. 10.00 each (Equity Shares) of Synoptics Technologies Limited (Synoptics or the Company) for cash at a price of Rs. 237 per equity share (including a share premuim of Rs. 227 per share) (the Offer Price), aggregating to Rs. 54.04 crores (The Offer), comprising a fresh issue of up to 14,80,000 equity shares aggregating to Rs. 35.08 crores by the company (Fresh Issue) and an offer for sale of up to 8,00,000 equity shares by Jagmohan Manilal Shah and Jatin Jagmohan Shah (The Promoter Selling Shareholders or The Selling Shareholders) aggregating to Rs. 18.96 crores (Offer for Sale); of the offer, 1,14,000 equity shares aggregating to Rs. 2.70 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. offer of 21,66,000 equity shares of face value of Rs. 10.00 each at an offer price of Rs. 237.00 per equity share aggregating to Rs. 51.33 crores is hereinafter referred to as the Net Offer. The offer and the net offer will constitute 26.89% and 25.54%, respectively of the post offer paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price of Rs. 237.00 is 23.7 times of the face value.

    Objective of issue

    Repayment of certain borrowings. To meet the working capital requirements. Investment in strategic acquisition/joint venture. General corporate purposes.

    Synoptics Technologies Ltd Contact Details

    Synoptics Technologies Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@synoptics.co.in

    Website - www.synoptics.co.in