Synoptics Technologies IPO: Issue Will Open on June 30
Synoptics Technologies IPO
Synoptics Technologies, an IT service company, is set to launch its Initial Public Offering (IPO) on June 30. Investors will have the opportunity to subscribe to the IPO until July 5.
The IPO price has been fixed at Rs 237 per share. The company aims to raise a total of Rs 54.03 crore through this offering.
The IPO comprises two components: new shares worth Rs 35.08 crore and an offer for sale (OFS) by the promoters, totaling Rs 18.96 crore.
The new shares will provide the company with fresh capital, which can be used for various purposes such as business expansion, technological advancements, and debt repayment.
The promoters, on the other hand, will sell a portion of their existing shares as part of the OFS.
Investors interested in participating in the Synoptics Technologies IPO will need to apply in lots. The lot size for this IPO is 600 shares.
This means that investors will have to apply for a minimum of 600 shares, which at the IPO price of Rs 237 per share, amounts to an investment of at least Rs 142,200.
By participating in the IPO, investors will have the opportunity to become shareholders of Synoptics Technologies and potentially benefit from its future growth and success.
The IPO process allows retail investors to access shares in the company at the IPO price, providing a platform for them to invest and potentially profit from the anticipated increase in shareholder value.
It is important to note that the IPO dates, subscription details, and other specific information can change or be subject to updates. Investors should refer to official announcements, prospectuses, and reliable news sources for the most accurate and up-to-date information regarding the Synoptics Technologies IPO.
More Details Regarding Synoptics Technologies IPO
Here are further details related to the Synoptics Technologies IPO:
1. Lot Size: Investors will have the opportunity to apply for the IPO in lots. The lot size for the Synoptics Technologies IPO is set at 600 shares. A lot refers to the minimum number of shares that an investor must apply for in a single transaction. In this case, investors need to apply for a minimum of 600 shares.
2. IPO Price: The company has fixed the IPO price at Rs 237 per share. This price represents the value at which the company is offering its shares to the public. Investors will need to multiply the number of shares they wish to apply for by the IPO price to calculate the total investment amount.
3. Minimum Investment for Retail Investors: As a result of the fixed IPO price and lot size, retail investors will be required to invest at least Rs 142,200 to participate in the Synoptics Technologies IPO. This minimum investment amount ensures that retail investors meet the required investment threshold for the given lot size.
4. Registrar for the SME IPO: BigShare Services Pvt Ltd has been appointed as the official registrar for the Synoptics Technologies SME IPO. The registrar plays a crucial role in facilitating the IPO process, including managing applications, allotment of shares, and handling other related tasks.
5. Lead Manager for the SME IPO: First Overseas Capital Limited has been appointed as the lead manager for the Synoptics Technologies SME IPO.
The lead manager plays a significant role in overseeing the entire IPO process, including pricing, marketing, underwriting, and coordinating with various stakeholders to ensure a successful offering.
These additional details provide investors with a comprehensive understanding of the Synoptics Technologies IPO, including the lot size, IPO price, minimum investment amount, and the roles of the registrar and lead manager.
Important Dates
Here are the important dates related to the Synoptics Technologies IPO:
1. Allotment of Shares: After the subscription period ends, the allotment of shares to successful investors is expected to take place on July 10. During this process, the shares will be allocated to investors who have been successful in securing shares in the IPO.
2. Refund Process: For investors who were not successful in their applications, the refund process will commence on July 11. Unsuccessful investors will receive a refund of their application money through the appropriate channels.
3. Crediting of Shares: The shares allocated to successful investors will be credited to their demat accounts on July 12. This is the process by which the shares are electronically transferred to the investors’ dematerialized accounts, enabling them to hold and trade the shares.
4. Listing Date: As per the provided schedule, the listing of Synoptics Technologies’ shares is anticipated to occur on July 13. This is the date when the company’s shares will be officially listed and available for trading on the NSE SME Exchange.
The aforementioned dates play a significant role in the post-subscription process of the Synoptics Technologies IPO. Successful investors will receive their shares, unsuccessful investors will receive their refunds, and the company’s shares will be listed for trading on the stock exchange.
About the Company
Synoptics Technologies is an IT services company that was established in 2008. The company specializes in providing comprehensive IT solutions to its clients.
Its primary focus is on IT infrastructure services, specifically in the areas of network equipment supply, implementation, and support.
One of the key services offered by Synoptics Technologies is the provision of network equipment required to establish and maintain efficient IT setups.
This includes connectivity solutions for branch offices, routers, switches, and other essential network components.
By offering these services, the company enables clients to establish and maintain robust and reliable IT infrastructures.
Synoptics Technologies recognizes the importance of a well-functioning IT setup for organizations across various industries. By providing IT infrastructure solutions, the company aims to enhance the efficiency and effectiveness of its clients’ IT operations.
The services offered by Synoptics Technologies help businesses optimize their network connectivity, ensuring seamless communication and data transfer across different locations.
The company’s expertise lies in understanding the specific IT requirements of its clients and delivering tailored solutions to meet their needs.
By offering supply, implementation, and support services, Synoptics Technologies aims to provide end-to-end IT solutions that drive operational excellence and improve overall business performance.
With its years of experience in the IT industry, Synoptics Technologies has likely developed a strong reputation for its expertise, reliability, and commitment to customer satisfaction. Its focus on IT infrastructure services positions the company as a valuable partner for organizations seeking to establish and maintain robust IT setups.
