Synoptics Technologies Limited

Synoptics Technologies Limited IPO Review, Date, Price, GMP

Synoptics Technologies Limited was incorporated in 2008 under the provisions of the Companies Act, 1956 in Mumbai. It was initially known as Synoptics Technologies Private Limited and later converted into a public limited company.

Synoptics Technologies Limited is an IT services company that specializes in IT infrastructure connectivity, network equipment implementation and support, cloud application migration, cloud setup management, IT security solutions, and data centre design. To support companies, small businesses, and government organisations in their digital transformation journeys, the company takes a technology-led and innovation-driven strategy. Synoptics currently employs roughly 600 people throughout India. They provide B2B services with the goal of providing their customers with best functionality, value for money, dedication, and flexibility.

Government agencies, public sector undertakings (PSUs), and private enterprises are among the company’s customers. 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, and the Government of Gujarat are among Synoptics Technologies Limited’s notable customers.

Recently, Synoptics Technologies Limited signed an agreement with BSNL to become their authorized private LTE/Private 5G service partner nationwide, positioning themselves for upcoming private LTE/Private 5G opportunities.

The company is based in Mumbai and has regional offices in 16 states across India, including Andhra Pradesh, Bihar, Chennai, Delhi, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Odisha, Punjab, Rajasthan, Telangana, Uttar Pradesh, Uttarakhand, and West Bengal.

Synoptics Technologies Limited offers a comprehensive range of managed IT services and solutions. Their go-to-market strategy focuses on shifting from an IT services organization to a technology organization, standardizing and productizing offerings, targeting small and medium businesses, developing international business, establishing an offshore Centre of Excellence for cloud migration, prioritizing software outsourcing as a mature line of business, focusing on high-profitability, recurring, and SaaS-based deals, adopting a lean and tech competency-based organizational structure, leveraging digital marketing for lead generation and brand building in the tech space.

Synoptics Technologies Limited offers a diverse portfolio of solutions and services to meet the IT needs of their customers. Their offerings include IT Networking Solutions, which provide connectivity options, bandwidth, and network devices for seamless communication between branches and head offices. They also offer LAN and WAN Solutions, covering the design and implementation of networks within office premises and for external communication. Synoptics specializes in software-based networking, leveraging artificial intelligence to intelligently manage and automate IT and networking solutions. Their Data Centre Solutions focus on designing and optimizing data center infrastructure for maximum efficiency. Additionally, they provide comprehensive IT security solutions, data backup and recovery services, and assistance with cloud architecture to help customers make informed decisions about cloud adoption. Synoptics Technologies Limited is committed to delivering reliable, innovative, and cost-effective IT services to their clients.

Synoptics Technologies Limited IPO Complete Details:

IPO Date30 June 2023 to 05 July 2023
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Face Value10 Rs. Per Share
Lot Size600
Issue Size2,280,000 shares (Rs.54.03 Cr)
Fresh Issue1,480,000  shares (Rs.35.08 Cr)
Offer For Sale800,000 shares (Rs. 18.96 Cr)
Listing Date13 July 2023

Synoptics Technologies Limited IPO Timetable:

Opening Date30 June 2023
Closing Date05 July 2023
Allotment10 July 2023
Initiation of Refunds11 July 2023
Credit of Shares to Demat Account12 July 2023
Listing Date13 July 2023
* Date May Change

Company Financial Details:

Period EndedAssetsRevenueProfit After TaxNet WorthBorrowings
31 March 20203,326.202,211.43182.061,208.471,290.16
31 March 20213,759.783,479.91236.021,444.491,194.71
31 March 20224,279.805,097.07432.361,876.851,410.03
31 December 20225,379.953,446.81525.362,402.211,959.06
Amount In Lakhs

AS OF NOW, the GMP OF Synoptics Technologies Limited is Around 00 Rs.

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