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Drone Destination IPO vs Synoptics Technologies IPO

Comparison between Drone Destination IPO and Synoptics Technologies IPO.

IPO Details

Drone Destination IPO is a SME Fixed Price IPO proposed to list at NSE SME while Synoptics Technologies IPO is a SME Fixed Price proposed to list at NSE SME.

 Drone Destination IPOSynoptics Technologies IPO
LogoDrone Destination IPO LogoSynoptics Technologies IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersNarnolia Financial Services Ltd.First Overseas Capital Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.NNM Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Drone Destination IPO is up to ₹40.95 Cr whereas the issue size of the Synoptics Technologies IPO is up to ₹51.33 Cr. The final issue price of Drone Destination IPO is ₹65.00 per share and of Synoptics Technologies IPO is ₹237.00 per share.

 Drone Destination IPOSynoptics Technologies IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹62.00 per share
Issue Price (Upper)₹65.00 per share
Issue Price (Final)₹65.00 per share₹237.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares600 shares
Fresh Issue Size63,00,000 shares13,66,000 shares
Fresh Issue Size (Amount)up to ₹40.95 Crup to ₹32.37 Cr
OFS Issue Size0 shares8,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹18.96 Cr
Issue Size Total63,00,000 shares21,66,000 shares
Issue Size Total (Amount)up to ₹40.95 Crup to ₹51.33 Cr

IPO Timetable

Drone Destination IPO opens on Jul 07, 2023, while Synoptics Technologies IPO opens on Jun 30, 2023. The closing date of Drone Destination IPO and Synoptics Technologies IPO is Jul 13, 2023, and Jul 05, 2023, respectively.

 Drone Destination IPOSynoptics Technologies IPO
Anchor Bid DateJul 06, 2023
Issue OpenJul 07, 2023Jun 30, 2023
Issue CloseJul 13, 2023Jul 05, 2023
Basis Of Allotment (Tentative)Jul 18, 2023Jul 10, 2023
Initiation of Refunds (Tentative)Jul 19, 2023Jul 11, 2023
Credit of Share (Tentative)Jul 20, 2023Jul 12, 2023
Listing date (Tentative)Jul 21, 2023Jul 13, 2023
Anchor Lockin End date 1Aug 17, 2023
Anchor Lockin End date 2Oct 16, 2023

Financials & KPIs

Drone Destination IPO P/E ratio is 64.35, as compared to Synoptics Technologies IPO P/E ratio of 25.32.

 Drone Destination IPOSynoptics Technologies IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets23.592.780.96
Total Income12.082.570.39
Profit After Tax2.440.21-0.05
NET Worth17.570.230.02
Reserves and Surplus12.570.12-0.09
Total Borrowing1.591.5197.94
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 202231 Mar 202231 Mar 202131 Mar 2020
Assets53.8042.8037.6033.26
Total Income34.4750.9734.8022.11
Profit After Tax5.254.322.361.82
NET Worth24.0218.7714.4412.08
Reserves and Surplus17.0211.777.445.08
Total Borrowing19.5914.1011.9512.90
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)85.12%100%
Promoter Shareholding (Post-Issue)61.3%73.11%
P/E Ratio64.3525.32
Market Cap₹157.95 Cr.₹200.98 Cr.
ROE13.9021.87
ROCE18.6519.16
Debt/Equity0.060.82
EPS₹25.80₹4.65
RoNW13.9019.48

Shares Offered

In the Drone Destination IPO Retail Individual Investors (RII) are offered 22,06,000 shares while in Synoptics Technologies IPO retail investors are offered 22,06,000 shares. Qualified Institutional Buyers (QIB) are offered 12,60,000 shares in Drone Destination IPO and in Synoptics Technologies IPO.

 Drone Destination IPOSynoptics Technologies IPO
Anchor Investor Reservation18,88,000 shares
Market Maker Reservation5,00,000 shares1,14,000 shares
QIB12,60,000 shares
NII9,46,000 shares10,83,000 shares
RII22,06,000 shares10,83,000 shares
Total63,00,000 shares21,66,000 shares

Bids Received (Subscription)

Drone Destination IPO subscribed 134.22x in total, whereas Synoptics Technologies IPO subscribed 2.56x.

 Drone Destination IPOSynoptics Technologies IPO
QIB (times)50.54x
NII (times)243.59x2.58x
RII (times)249.98x2.54x
Total (times)134.22x2.56x

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Compare:

Drone Destination IPO Vs Synoptics Technologies IPO