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Magson Retail IPO vs Synoptics Technologies IPO

Comparison between Magson Retail IPO and Synoptics Technologies IPO.

IPO Details

Magson Retail 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.

 Magson Retail IPOSynoptics Technologies IPO
LogoMagson Retail IPO LogoSynoptics Technologies IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersISK Advisors Pvt.Ltd.First Overseas Capital Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.NNM Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Magson Retail IPO is up to ₹13.05 Cr whereas the issue size of the Synoptics Technologies IPO is up to ₹51.33 Cr. The final issue price of Magson Retail IPO is ₹65.00 per share and of Synoptics Technologies IPO is ₹237.00 per share.

 Magson Retail IPOSynoptics Technologies IPO
Face Value₹10 per share₹10 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 Size20,08,000 shares13,66,000 shares
Fresh Issue Size (Amount)up to ₹13.05 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 Total20,08,000 shares21,66,000 shares
Issue Size Total (Amount)up to ₹13.05 Crup to ₹51.33 Cr

IPO Timetable

Magson Retail IPO opens on Jun 23, 2023, while Synoptics Technologies IPO opens on Jun 30, 2023. The closing date of Magson Retail IPO and Synoptics Technologies IPO is Jun 27, 2023, and Jul 05, 2023, respectively.

 Magson Retail IPOSynoptics Technologies IPO
Issue OpenJun 23, 2023Jun 30, 2023
Issue CloseJun 27, 2023Jul 05, 2023
Basis Of Allotment (Tentative)Jul 03, 2023Jul 10, 2023
Initiation of Refunds (Tentative)Jul 04, 2023Jul 11, 2023
Credit of Share (Tentative)Jul 05, 2023Jul 12, 2023
Listing date (Tentative)Jul 06, 2023Jul 13, 2023

Financials & KPIs

Magson Retail IPO P/E ratio is 20.25, as compared to Synoptics Technologies IPO P/E ratio of 25.32.

 Magson Retail IPOSynoptics Technologies IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets20.0014.9512.848.33
Total Income63.0155.6753.5932.41
Profit After Tax2.522.231.821.66
NET Worth9.265.743.511.69
Reserves and Surplus3.535.733.501.68
Total Borrowing3.223.453.873.54
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)95.89%100%
Promoter Shareholding (Post-Issue)70.06%73.11%
P/E Ratio20.2525.32
Market Cap₹51.03 Cr.₹200.98 Cr.
ROE21.87
ROCE19.16
Debt/Equity0.350.82
EPS₹4.96₹4.65
RoNW27.1919.48

Shares Offered

In the Magson Retail IPO Retail Individual Investors (RII) are offered 10,04,000 shares while in Synoptics Technologies IPO retail investors are offered 10,04,000 shares. Qualified Institutional Buyers (QIB) are offered in Magson Retail IPO and in Synoptics Technologies IPO.

 Magson Retail IPOSynoptics Technologies IPO
Market Maker Reservation1,06,000 shares1,14,000 shares
NII10,04,000 shares10,83,000 shares
RII10,04,000 shares10,83,000 shares
Total20,08,000 shares21,66,000 shares

Bids Received (Subscription)

Magson Retail IPO subscribed 6.74x in total, whereas Synoptics Technologies IPO subscribed 2.56x.

 Magson Retail IPOSynoptics Technologies IPO
NII (times)6.09x2.58x
RII (times)7.38x2.54x
Total (times)6.74x2.56x

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Magson Retail IPOSynoptics Technologies IPO
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Compare:

Magson Retail IPO Vs Synoptics Technologies IPO