Synoptics Technologies Ltd - IPO

Synoptics Technologies Ltd IPO Details

Initial public offering of up to 22,80,000 equity shares of Rs. 10.00 each (Equity Shares) of Synoptics Technologies Limited (Synoptics or the Company) for cash at a price of Rs. 237 per equity share (including a share premuim of Rs. 227 per share) (the Offer Price), aggregating to Rs. 54.04 crores (The Offer), comprising a fresh issue of up to 14,80,000 equity shares aggregating to Rs. 35.08 crores by the company (Fresh Issue) and an offer for sale of up to 8,00,000 equity shares by Jagmohan Manilal Shah and Jatin Jagmohan Shah (The Promoter Selling Shareholders or The Selling Shareholders) aggregating to Rs. 18.96 crores (Offer for Sale); of the offer, 1,14,000 equity shares aggregating to Rs. 2.70 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. offer of 21,66,000 equity shares of face value of Rs. 10.00 each at an offer price of Rs. 237.00 per equity share aggregating to Rs. 51.33 crores is hereinafter referred to as the Net Offer. The offer and the net offer will constitute 26.89% and 25.54%, respectively of the post offer paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price of Rs. 237.00 is 23.7 times of the face value.

Objective of issue

Repayment of certain borrowings. To meet the working capital requirements. Investment in strategic acquisition/joint venture. General corporate purposes.

Synoptics Technologies Ltd Contact Details

Synoptics Technologies Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@synoptics.co.in

Website - www.synoptics.co.in