Synoptics Technologies IPO: GMP, Subscription Status on Day 4 and Other Issuance Details You Need to Know
Synoptics Technologies Initial Public Offering (IPO) of Synoptics Technologies Ltd opened for public subscription on Friday 30th June and closes on Wednesday 5th July.
Synoptics Technologies Initial Public Offering (IPO) of Synoptics Technologies Ltd opened for public subscription on Friday 30th June and closes on Wednesday 5th July.
The IPO reportedly consists of a new share offering of up to 14.8 lakh shares and an offer to sell 8 lakh shares. Investors can bid for 600 shares in one lot and the company is offering its shares at a price range of ₹237 per share.
The IPO reportedly consists of a new share offering of up to 14.8 lakh shares and an offer to sell 8 lakh shares. Investors can bid for 600 shares in one lot and the company is offering its shares at a price range of ₹237 per share.
The net proceeds of the public offering will be used for various debt repayments, working capital needs, strategic acquisition investments and other business-related purposes.
The net proceeds of the public offering will be used for various debt repayments, working capital needs, strategic acquisition investments and other business-related purposes.
The lead manager of the offering is First Overseas Capital and the registrar is Bigshare Services. The final allocation will take place on Monday, July 10th. The company’s shares are expected to start trading on Thursday, July 13th. The company’s shares are listed on the NSE Emerge platform.
The lead manager of the offering is First Overseas Capital and the registrar is Bigshare Services. The final allocation will take place on Monday, July 10th. The company’s shares are expected to start trading on Thursday, July 13th. The company’s shares are listed on the NSE Emerge platform.
Retail investors are entitled to around 50% of the supply, with the remaining 50% being allocated to other investors.
Retail investors are entitled to around 50% of the supply, with the remaining 50% being allocated to other investors.
The company reported sales of ₹34.6 crore and a net profit of ₹Reportedly 5.25 crore for the quarter ended December 2022.
The company reported sales of ₹34.6 crore and a net profit of ₹Reportedly 5.25 crore for the quarter ended December 2022.
Synoptics Technologies Ltd SME Initial Public Offering (IPO) was subscribed 2.63 times on Day 4. The issue received positive reception from retail investors whose share rate was subscribed 2.48 times followed by Non-Institutional Bidders (NII) whose share rate was subscribed 2.58 times, according to data on chittorgarh.com at 16:15 IST.
Synoptics Technologies Ltd SME Initial Public Offering (IPO) was subscribed 2.63 times on Day 4. The issue received positive reception from retail investors whose share rate was subscribed 2.48 times followed by Non-Institutional Bidders (NII) whose share rate was subscribed 2.58 times, according to data on chittorgarh.com at 16:15 IST.
According to data from chittorgarh.com, the company has received offers for 56,98,800 shares versus 2,280,000 shares offered.
According to data from chittorgarh.com, the company has received offers for 56,98,800 shares versus 2,280,000 shares offered.
On the first day the issue was 25% subscribed with the retail portion 20% subscribed and the NII portion 12% subscribed and on the second day the issue was 62% subscribed.
On the first day the issue was 25% subscribed with the retail portion 20% subscribed and the NII portion 12% subscribed and on the second day the issue was 62% subscribed.
Synoptics Technologies Ltd IPO GMP Details:
Synoptics Technologies IPO-GMP or gray market premium is 0 according to topsharebrokers.com.
Synoptics Technologies Ltd IPO GMP Details:
Synoptics Technologies IPO-GMP or gray market premium is 0 according to topsharebrokers.com.
The expected stock market price of Synoptics Technologies SME IPO is ₹237, listed at the higher end of the price range. In percentage terms, there is no gain or loss for each share. The current trend in IPO GMP is declining and is expected to continue. Against this background, private investors should proceed with caution. The lowest GMP ever recorded is enclosed ₹0 while the highest GMP ever recorded is ₹22
The expected stock market price of Synoptics Technologies SME IPO is ₹237, listed at the higher end of the price range. In percentage terms, there is no gain or loss for each share. The current trend in IPO GMP is declining and is expected to continue. Against this background, private investors should proceed with caution. The lowest GMP ever recorded is enclosed ₹0 while the highest GMP ever recorded is ₹22
“Grey market premium” indicates the willingness of investors to pay more than the issue price.
“Grey market premium” indicates the willingness of investors to pay more than the issue price.
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