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Synoptics Technologies Ltd

Registered Office : 301 A-Wing 3rd Flr Interface16,Mind Space Malad (West),Mumbai Maharashtra 400064 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

Opens On

Closes On

30-Jun-2023

05-Jul-2023

Money Payable On

Application

Allotment

237.00

0.00

Minimum Application for shares in Nos : 600.0 Further Multiples of : 600.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

34.58

54.04

8.48

237.00

First Overseas Capital Ltd

Projects

Repayment of certain borrowings

To meet the working capital requirements

Investment in strategic acquisition/joint venture

General 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