Synoptics Technologies IPO vs Tridhya Tech IPO

Comparision between Synoptics Technologies IPO and Tridhya Tech IPO.

IPO Details

Synoptics Technologies IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Tridhya Tech IPO is a SME Book Built Issue proposed to list at NSE SME.

	Synoptics Technologies IPO	Tridhya Tech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	First Overseas Capital Limited	Interactive Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker	Nnm Securities Private Limited	Econo Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Synoptics Technologies IPO is up to ₹54.03 Cr whereas the issue size of the Tridhya Tech IPO is up to ₹26.41 Cr. The final issue price of Synoptics Technologies IPO is ₹237.00 per share and of Tridhya Tech IPO is ₹42.00 per share.

	Synoptics Technologies IPO	Tridhya Tech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹35.00 per share
Issue Price (Upper)		₹42.00 per share
Issue Price (Final)	₹237.00 per share	₹42.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	3000 shares
Fresh Issue Size	14,80,000 shares	62,88,000 shares
Fresh Issue Size (Amount)	up to ₹35.08 Cr	up to ₹26.41 Cr
OFS Issue Size	8,00,000 shares
OFS Issue Size (Amount)	up to ₹18.96 Cr
Issue Size Total	22,80,000 shares	62,88,000 shares
Issue Size Total (Amount)	up to ₹54.03 Cr	up to ₹26.41 Cr

IPO Timetable

Synoptics Technologies IPO opens on Jun 30, 2023, while Tridhya Tech IPO opens on Jun 30, 2023. The closing date of Synoptics Technologies IPO and Tridhya Tech IPO is Jul 05, 2023, and Jul 05, 2023, respectively.

	Synoptics Technologies IPO	Tridhya Tech IPO
Anchor Bid Date		Jun 27, 2023
Issue Open	Jun 30, 2023	Jun 30, 2023
Issue Close	Jul 05, 2023	Jul 05, 2023
Basis Of Allotment (Tentative)	Jul 10, 2023	Jul 10, 2023
Initiation of Refunds (Tentative)	Jul 11, 2023	Jul 11, 2023
Credit of Share (Tentative)	Jul 12, 2023	Jul 12, 2023
Listing date (Tentative)	Jul 13, 2023	Jul 13, 2023
Anchor Lockin End date 1	Aug 09, 2023	Aug 09, 2023
Anchor Lockin End date 2	Oct 08, 2023	Oct 08, 2023

Financials

Synoptics Technologies IPO P/E ratio is 25.32, as compared to Tridhya Tech IPO P/E ratio of 26.09.

Synoptics Technologies IPO

Tridhya Tech IPO

Financial

Synoptics Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	3,326.20	2,211.43	182.06	1,208.47	508.47	1,290.16
31-Mar-21	3,759.78	3,479.91	236.02	1,444.49	744.49	1,194.71
31-Mar-22	4,279.80	5,097.07	432.36	1,876.85	1,176.85	1,410.03
31-Dec-22	5,379.95	3,446.81	525.36	2,402.21	1,702.21	1,959.06
Amount in ₹ Lakhs

Tridhya Tech Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	2,548.77	1,407.48	339.46	1,457.98	1,309.84	705.46
31-Dec-22	5,969.66	1,507.92	284.97	2,030.66	1,860.35	3,090.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

80.8%

Promoter Shareholding (Post-Issue)

73.11%

58.98%

P/E Ratio

25.32

26.09

Market Cap

₹200.98 Cr.

₹97.81 Cr.

ROE

21.87%%

2.85%%

ROCE

19.16%%

9.69%%

Debt/Equity

0.82

1.23

EPS

₹4.65

₹44.44

RoNW

19.48%%

65.52%%

Shares Offered

In the Synoptics Technologies IPO retail investors (RII) are offered 10,83,000 shares while in Tridhya Tech IPO retail investors are offered 10,83,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Synoptics Technologies IPO and 15,54,000 shares in Tridhya Tech IPO.

	Synoptics Technologies IPO	Tridhya Tech IPO
Anchor Investor Reserveration		14,31,000 shares
Market Maker Reserveration	1,14,000 shares	3,15,000 shares
QIB	0 shares	15,54,000 shares
NII	10,83,000 shares	8,97,450 shares
RII	10,83,000 shares	20,90,550 shares
Employee	0 shares	0 shares
Others
Total	21,66,000 shares	45,42,000 shares

Bids Received (Subscription)

Synoptics Technologies IPO subscribed 2.66x in total, whereas Tridhya Tech IPO subscribed 72.38x.

	Synoptics Technologies IPO	Tridhya Tech IPO
QIB (times)		15.62x
NII (times)	2.58x	181.72x
Big NII (times)
Small NII (times)
RII (times)	2.54x	67.62x
Employee (times)
Other (times)
Total (times)	2.66x	72.38x

Compare with others

Synoptics Technologies IPO	Tridhya Tech IPO
Asarfi Hospital IPO	Drone Destination IPO
Service Care IPO	AccelerateBS India IPO
Ahasolar Technologies IPO	Synoptics Technologies IPO
Drone Destination IPO	Alphalogic Industries IPO
AccelerateBS India IPO	Global Pet Industries IPO
Alphalogic Industries IPO	Magson IPO
Global Pet Industries IPO	Greenchef Appliances IPO
Tridhya Tech IPO	Veefin Solutions IPO
Magson IPO	Pentagon Rubber IPO
Greenchef Appliances IPO	Kaka Industries IPO

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