Synoptics Technologies SME IPO

Synoptics Technologies Limited

₹1,42,200 /600 sharesMinimum Investment

Synoptics Technologies SME IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹237.00₹238.00₹1.00 (0.42%)

Synoptics Technologies SME IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
30 Jun ‘23 - 5 Jul ‘23₹1,42,200600₹237 - ₹237
Issue SizeIPO Doc
54.04Cr
RHP PDF

About Synoptics Technologies SME

Incorporated in 2008, Synoptics Technologies specialises in a comprehensive range of managed IT services and solutions. These services include IT networking solutions, LAN and WAN solutions, software-based networking, data center solutions, IT security, data backup and recovery, and cloud architecture. It offers solutions spanning many areas, including branch connectivity, implementation, and support of essential network equipment such as routers and switches, firewall installation and management and design data centres. The company also offers tailored solutions for clients transitioning their applications to the cloud, including application migration and setting up the entire cloud. ;
Parent Organisation
Synoptics Technologies Limited
Founded
2008
Managing Director
Mr. Jatin Jagmohan Shah

Strengths & Risks

  • Synoptics Technologies caters to a diverse range of B2B clients, encompassing government entities, public sector undertakings, and private enterprises.
  • 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 its esteemed clientele.
  • The company recently signed an agreement with BSNL for Private LTE/5G services.
  • The company operates in 16 locations across India, including in Andhra Pradesh, Bihar, Chennai, Delhi, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Odisha, Punjab, Rajasthan, Telangana, Uttar Pradesh, Uttarakhand, and West Bengal.
  • Synoptics Technologies faces the risk of various ongoing legal proceedings involving the company, its promoters, directors, and group companies.
  • Much of the company's revenue is derived from its managed IT service business. Any factors adversely affecting the demand for IT solutions can harm its business and operational outcomes.
  • The company's operations could be negatively impacted if there is an increase in the cost or a shortage of available IT equipment.
  • The company has heavily relied on a limited number of customers to generate significant revenue. Revenue from the top 10 customers accounted for 87.08% and 82.77% of the company's revenue from operations for September 30, 2022, and March 31, 2022, respectively.
  • The company has experienced negative cash flow from operating activities in recent years.
  • The company carries contingent liabilities, which, if realised, could impact its financial position.

Financials

*All values are in Rs. Cr
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Application details

Apply asPrice bandApply upto
Regular237 - 237₹2 Lakh
High Networth Individual237 - 237₹2 - 5 Lakh
For Synoptics Technologies SME IPO, eligible investors can apply as Regular.
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