Synoptics Technologies Limited

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: Company Name Synoptics Technologies Limited Company Type Private IPO Type SME Synoptics Technologies Limited IPO Opening Date 30th June 2023 Synoptics Technologies Limited IPO Closing Date 5th July 2023 Synoptics Technologies Limited IPO Allotment Status 10th July 2023 Credit of Shares to the Demat Account 12th July 2023 Synoptics Technologies Limited IPO Listing Date 13th July 2023 Synoptics Technologies Limited IPO Face Value ₹ 10 per share Synoptics Technologies Limited IPO Lot Size 3000 shares Synoptics Technologies Limited IPO Issue Size 26.41 crore Synoptics Technologies Limited IPO to be Listed on NSE SME Synoptics Technologies Limited IPO Price band ₹ 35 - 42 per share