June 30, 2023 - July 5, 2023

Synoptics Technologies IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Synoptics Technologies IPO.

Synoptics Technologies IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	1	0	0	0
%	0.00	100.00	0.00	0.00	0.00

Synoptics Technologies IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Synoptics Technologies IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company operates in a highly competitive and fragmented segment with many big players. The sudden boost in its bottom line for H1 FY23 raises eyebrows and concerns over sustainability in the future. Based on such super earnings, the issue appears fully priced. The small equity capital post-IPO indicates a longer gestation period for migration to the mainboard. It has an order book worth Rs. 28 cr. as of May 31, 2023. Well-informed/cash surplus investors may consider investment for long-term rewards. Read detail review...

Synoptics Technologies IPO Peer Comparison

Synoptics Technologies Limited peer comparison with similar listed entities. () (As on March 31, 2022)

Company Name	EPS (Rs)	NAV (per share) (Rs)	P/E (x)	RoNW (%)
Company Name	EPS Basic	NAV (per share) (Rs)	P/E (x)	RoNW (%)
Synoptics Technologies Limited	6.18	26.81	38.35	23.04
Allied Digital Services Limited	11.66	102.65	9.82	11.48

Notes:

Based on March 31, 2022 restated financial statements.

Synoptics Technologies IPO Review by Members

Synoptics Technologies IPO Reviews, analysis and views by popular members. Read Synoptics Technologies Limited IPO reviews by retail investors to find recommended ipo to buy.

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Synoptics Technologies IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	1	0	0	1
%	50.00	0.00	0.00	50.00

Member	Review
ShethDemat	Avoid Its bid price is twice of its fair value (PE x EPS). July 5, 2023 12:11:04 PM
RajaBanks	Apply for Long Term at Cut-off Price 1. Good Clientele and frankly being an SME they have retained them for so long. I think they are into real business and considering the government companies they serve in such a competitive industry, there is a scope of huge growth ahead. 2. Page 99 of RHP- As on May 31, 2023, our approximate order book is Rs. 2800.00 Lakhs which is inclusive of the above mentioned recurring orders. Again, company is expected to perform good in the upcoming quarter as well. 3. Steady growth in PAT & EBITDA 1 June 25, 2023 5:58:28 PM

Member

Review

ShethDemat

Avoid

Its bid price is twice of its fair value (PE x EPS).

July 5, 2023 12:11:04 PM

RajaBanks

Apply for Long Term at Cut-off Price

1. Good Clientele and frankly being an SME they have retained them for so long. I think they are into real business and considering the government companies they serve in such a competitive industry, there is a scope of huge growth ahead.
2. Page 99 of RHP- As on May 31, 2023, our approximate order book is Rs. 2800.00 Lakhs which is inclusive of the above mentioned recurring orders. Again, company is expected to perform good in the upcoming quarter as well.
3. Steady growth in PAT & EBITDA

June 25, 2023 5:58:28 PM

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