About Synoptics Technologies Limited IPO
Incorporated in 2008, Synoptics Technologies offers IT solutions like connectivity to the branches, supply, implementation and support of the network equipment needed to run the IT setup like routers, switches. The company aims to reduce the total cost of ownership for its customers through its technology-led solutions. Its key customers include TATA Communications Limited, BOB Financial Services, Blue Dart Express Limited, Lifestyle International Private Limited and many others.
Synoptics Technologies is now coming out with its initial public offer (IPO). The IPO will be a combination of a fresh issue and an offer for sale. The money raised through the fresh issue will be utilised to repay existing borrowings, fund working capital requirements, and general corporate purposes.
Here are key details about the Synoptics Technologies Limited IPO: