+919998510543
acml-logo
hamburger-icon

IPO

IPO Synopsis
Synoptics Technologies Ltd
Registered Office: 301 A-Wing 3rd Flr Interface16,Mind Space Malad (West) , Mumbai - 400064 , Maharashtra , India.
Phone : 91-22-45050000   Fax:
Email :  cs@synoptics.co.in  
Website :  www.synoptics.co.in
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.

Issue Money Payable On
Opens On Closes On Application Allotment
30-Jun-23 05-Jul-23 Rs237.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :600  Further Multiples of :600

  Rs Cr Lead Managers to the Issue
Project Cost 34.58
First Overseas Capital Ltd
Project Financed through Current Offer 54.04  
Post Issue Equity Share Capital 8.48  
Issue Price Rs237.00  
 
Projects
Repayment of certain borrowingsInvestment in strategic acquisition/joint venture
To meet the working capital requirementsGeneral corporate purposes
Promoted By
Jagmohan Manilal Shah
Jatin Jagmohan Shah
Janvi Jatin Shah
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd