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Synoptics Technologies IPO

Synoptics Technologies IPO GMP, Review, Price, Allotment

Synoptics Technologies: Revolutionizing IT Infrastructure Solutions

Incorporated in 2008, Synoptics Technologies is a leading IT services company that specializes in providing innovative solutions in the realm of IT infrastructure. With a comprehensive range of offerings, including connectivity solutions, network equipment implementation and support, and technology-led approaches, Synoptics Technologies is at the forefront of empowering businesses, small enterprises, and government entities in their digital transformation journey. This article delves into the company’s history, services, recent developments, IPO details, financial performance, valuations, and listing information.

Introduction

In this age of digitalization, reliable and efficient IT infrastructure is paramount for businesses across various sectors. Synoptics Technologies has emerged as a key player in the IT services industry, offering cutting-edge solutions to address the evolving needs of enterprises. With a customer-centric approach and a strong focus on innovation, Synoptics Technologies has become a trusted partner for organizations seeking robust IT infrastructure solutions.

Synoptics Technologies IPO GMP Today: Rs ____ /-

Company Overview

Synoptics Technologies was established in 2008 with the vision of revolutionizing IT infrastructure services. Over the years, the company has garnered a reputation for its expertise, reliability, and commitment to delivering optimal functionality to its clients. With a team of 584 skilled professionals, Synoptics Technologies boasts a diverse workforce capable of handling complex IT challenges.

Services Offered

Synoptics Technologies provides a wide range of IT infrastructure services, catering to the diverse needs of its clients. The company specializes in:

  • Connectivity Solutions: Synoptics Technologies offers seamless connectivity solutions that enable organizations to establish reliable networks connecting their branches and facilitating smooth communication.
  • Network Equipment Implementation and Support: With expertise in routers, switches, and other network equipment, Synoptics Technologies assists clients in implementing and maintaining their IT setups efficiently.
  • Technology-Led Approaches: Synoptics Technologies leverages technological advancements to drive innovation and deliver tailored solutions to specific industry verticals, supporting enterprises in their digital transformation journey.

Noteworthy Clients

Synoptics Technologies has earned the trust of various prominent clients, including government entities, public sector undertakings (PSUs), and private enterprises. Some of its esteemed 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
  • Government of Gujarat

These partnerships exemplify Synoptics Technologies’ ability to deliver optimal functionality, value for money, commitment, and flexibility to its B2B customers.

Agreement with BSNL

In a significant development, Synoptics Technologies recently signed an agreement with BSNL (Bharat Sanchar Nigam Limited) to become their authorized Private LTE/Private 5G service partner nationwide. This collaboration positions Synoptics Technologies as a key player in the emerging private LTE/Private 5G opportunities, further expanding its portfolio of services.

Headquarters and Regional Offices

Synoptics Technologies is headquartered in Mumbai, India. The company has strategically established regional offices across 17 locations throughout India, ensuring a strong presence and accessibility to its clientele.

Promoters of Synoptics Technologies

The key promoters of Synoptics Technologies are:

  • Mr. Jagmohan Manilal Shah
  • Mr. Jatin Jagmohan Shah
  • Mrs. Janvi Jatin Shah

These visionaries have been instrumental in the company’s growth and success, guiding Synoptics Technologies towards becoming a leader in the IT services sector.

IPO Details

Synoptics Technologies is set to launch its Initial Public Offering (IPO) with the following details:

  • IPO Dates: 30th June – 5th July 2023
  • IPO Price: INR 237 per share
  • Fresh Issue: 14,80,000 shares (INR 35.07 crore)
  • Offer For Sale: 8,00,000 shares (INR 18.96 crore)
  • Total IPO Size: 22,80,000 shares (INR 54.04 crore)
  • Minimum Bid (Lot Size): 600 shares (INR 142,200)
  • Face Value: INR 10 per share
  • Retail Allocation: 50%
  • Listing On: NSE SME

Investors have the opportunity to participate in Synoptics Technologies’ IPO and be a part of its growth story.

Financial Performance

Here is a snapshot of Synoptics Technologies’ financial performance:

FY 2020 FY 2021 FY 2022 9M FY 2023
Revenue 22.08 34.76 50.92 34.65
Expenses 19.91 31.57 45.11 28.21
Net Income 1.82 2.36 4.32 5.25

(Figures in INR crores unless specified otherwise)

Synoptics Technologies has showcased consistent revenue growth over the years, indicating its strong market presence and ability to meet the evolving demands of its clients.

Valuations and Margins

The following table highlights Synoptics Technologies’ valuations and margins:

FY 2020 FY 2021 FY 2022
EPS 2.60 3.37 6.18
PE Ratio – – 38.35
RONW (%) 15.07 16.34 23.04
NAV 17.26 20.64 26.81
ROCE (%) 15.48 18.53 22.91
EBITDA (%) 28.74 22.59 21.52
Debt/Equity 1.07 0.83 0.75

(*Compiled by IPO Central from Prospectus)

These valuations and margins reflect Synoptics Technologies’ financial stability and steady growth trajectory.

IPO Dates and Listing Performance

The IPO of Synoptics Technologies is scheduled as follows:

  • IPO Opening Date: 30th June 2023
  • IPO Closing Date: 5th July 2023
  • Finalization of Basis of Allotment: 10th July 2023
  • Initiation of Refunds: 11th July 2023
  • Transfer of Shares to Demat Accounts: 12th July 2023
  • IPO Listing Date: 13th July 2023

The opening and closing prices on NSE SME will be announced soon.

Conclusion

Synoptics Technologies has emerged as a leading IT services company, offering comprehensive IT infrastructure solutions to its clients. With its innovative approach, extensive experience, and a dedicated team of professionals, Synoptics Technologies is well-positioned to address the evolving needs of businesses, small enterprises, and government entities. The company’s upcoming IPO presents an opportunity for investors to be part of its growth journey and capitalize on the potential of the IT services sector.

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