Description
Get the latest update on the subscription status of the Synoptics Technologies IPO. The SME IPO aims to raise ₹35.08 crores and has received positive response from retail and non-institutional bidders. Synoptics Technologies Ltd’s SME IPO has garnered significant interest from retail investors, with a subscription rate of 62% on the second day. The IPO is set to close on July 5 and is expected to list at a likely price of ₹237 per share, as indicated by the grey market premium.
IPO News
Heading 1: Synoptics Technologies IPO Subscription Status: 62% Subscribed on Day 2
Heading 2: Retail and Non-Institutional Investors Show Strong Interest in Synoptics Technologies IPO
Heading 3: Grey Market Premium Indicates Investor Enthusiasm for Synoptics Technologies IPO
Synoptics Technologies IPO subscription status started on Friday, June 30, 2023, and will close on July 5, 2023. The IT services company plans to raise approximately ₹35.08 crores through its IPO. The retail quota and non-institutional bidders (NII) quota are both set at 50%. The price band for the IPO has been fixed at ₹237 per equity share.
The minimum market lot for the Synoptics Technologies IPO is 600 shares, requiring an application amount of ₹142,200. This SME IPO is set to list on the NSE.
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What Synoptics Technologies Offers?
Synoptics Technologies offers a range of IT solutions, including IT infrastructure, cloud services, software products, and enterprise SaaS. With a technology-led and innovation-driven approach, the company assists enterprises, small businesses, and governments in their digital transformation journeys, catering to specific industry verticals.
As of Day 2, the Synoptics Technologies IPO has been subscribed 62%. Retail investors have shown significant interest, with the retail portion subscribed 51%, followed by the non-institutional bidders’ portion at 53%, according to data from chittorgarh.com. The company has received bids for 13,35,600 shares against the 2,280,000 shares on offer.
On Day 1, the IPO subscription stood at 25%, with the retail portion booked at 20% and the NII portion at 12%.
What Synoptics Technologies Share
The Synoptics Technologies IPO GMP (grey market premium) is currently +20, indicating that the shares are trading at a premium of ₹20 in the grey market, according to topsharebrokers.com. Based on the upper end of the price band and the current grey market premium, the estimated listing price for Synoptics Technologies shares is ₹257 apiece, representing an 8.44% increase over the IPO price.
To apply for the Synoptics Technologies IPO, investors can use the ASBA (Application Supported by Blocked Amount) facility available in their bank accounts. They can log in to their online banking portals and apply for the IPO in the Invest section. Alternatively, investors can download IPO forms from the NSE, fill them out, and submit them to their banks or brokers.
For those interested in tracking the live subscription numbers of the Synoptics Technologies IPO, regular updates are available on official websites and portals like ours, providing hourly updates for a comprehensive view of the subscription status.
Synoptics Technologies IPO FAQs:
When does the Synoptics Technologies IPO subscription start?
The IPO subscription for retail and non-institutional investors began on June 30, 2023.
How can one subscribe to the Synoptics Technologies IPO?
Investors have the option to choose ASBA or non-ASBA methods for subscription. They can apply online via ASBA through their bank accounts or download the IPO forms from the NSE website and submit them to their brokers or banks.
Where can I check live Synoptics Technologies IPO subscription numbers today?
You can visit our portal for live updates on IPO subscription numbers, which we update hourly based on official websites. Additionally, official websites dedicated to the specific IPO provide real-time subscription data.
How can I apply for the Synoptics Technologies IPO through Zerodha?
To apply through Zerodha, log in to the Zerodha Console on the website or application. Navigate to the Portfolio section and click on IPO. Select “Synoptics Technologies” and enter your UPI ID, quantity, and price. Submit the IPO application form and approve the mandate through your UPI app or net banking. If you don’t have a demat account with Zerodha, you can open one.
How can I apply for the Synoptics Technologies IPO through Upstox?
For Upstox users, log in to the Upstox application using your credentials. Select the IPO option and find “Synoptics Technologies” in the list. Click on the Bid button, confirm your application, and approve the mandate through your UPI app or net banking. Opening a demat account with Upstox is necessary for IPO application.
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