Synoptics Technologies IPO: GMP, subscription status on Day 4 and other issue details you need to know
₹237 per share. The public offering's net proceeds will be utilised to various debt repayments, working capital needs, strategic acquisition investments, and other business-related purposes. The issue's lead manager is First Overseas Capital, and the registrar is Bigshare Services.On Monday, July 10, the final allotment will be made.
On Thursday, July 13, the company's shares are most likely to begin trading. The NSE Emerge platform will host the listing of the company's shares. Retail investors are entitled to about 50% of the offer, with the remaining 50% allocated for other investors.
The company reported revenues of ₹34.6 crore and a net profit of ₹5.25 crore for the quarter ending in December 2022, according to reports. The SME initial public offering (IPO) of Synoptics Technologies Ltd was subscribed 2.63 times on Day 4. The issue received positive response from retail investors, who's portion set was subscribed 2.48 times, followed by non-institutional bidders (NII) portion set was subscribed 2.58 times, according to data on chittorgarh.com at 16:15 IST.
The company has received bids for 56,98,800 shares against 2,280,000 shares on offer, according to data on chittorgarh.com. On day 1, the issue was subscribed 25%, where retail portion was booked 20% and NII portion saw 12% subscription, and on day 2 the issue was subscribed 62%. Synoptics Technologies Limited IPO: GMP jumps as SME issue gets fully subscribed The Synoptics Technologies IPO GMP or grey market premium is 0, according to topsharebrokers.com.
The Synoptics Technologies SME IPO's expected listing price is ₹237, given at the upper end of the pricing range. In terms of percentage, there will be no gain or loss for each share. The current trend in IPO GMP
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