Synoptics Technologies IPO Details: Synoptics Technologies, an IT services and solutions provider, has fixed a price of Rs 237 a share for its initial offer sale. The company aims to raise Rs 54.04 crore from the offer. 

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The total size of the public issue is 22.80 lakh shares. The issue comprises of fresh issue of 14.80 lakh equity shares amounting to Rs 35.08 crore and an offer for sale (OFS) of up to 8 lakh shares worth Rs 18.96 crore.

The IPO will remain open for subscribers till July 5, 2023, according to a company statement. Its shares will be listed on NSE Emerge, a platform for small and medium enterprises. 

Synoptics Technologies IPO allotment date

The likely date for share allotment of Synoptics Technologies is July 10. The likely date for Synoptics Technologies IPO listing is July 13.

Synoptics Technologies said that proceeds from the issue will be utilised for repayment of certain borrowings, funding additional working capital requirements, investment in strategic acquisition/ joint venture, and general corporate purposes.

Synoptics Technologies specialises in providing comprehensive IT infrastructure solutions to its clients.

Mumbai-based Synoptics Technologies boasts a clientele comprising a wide range of esteemed B2B customers, including Tata Communications, BSNL, Aditya Birla Group, State Bank of India, Hennes & Mauritz Retail Pvt Ltd (H&M) and Gujarat government, among others, the statement said.

The book-running lead manager to the IPO is First Overseas Capital Ltd.