Synoptics Technologies Limited IPO (Synoptics Technologies IPO) Detail

DILIP DAVDA has pattern of writing ""The sudden boost in its bottom line for H1 FY23 raises eyebrows and concerns over sustainability in the future"" for every IPO. I don't know whether he understands Company in and out.

Ajay and Malti Salvi traded in this counter after listing
13 July
Malti purchased 133200@226.10
Ajai purchased 269400@226.10
14 July
Malti sold. 6000@224.75
Ajai sold. 36600@216.64
Ajay purchased. 57600@216.50
Malti purchased. 63000@215.51
19 July
Ajai sold. 106800@190.28
Ajai purchased. 20400@196.72
24 July
Ajai sold. 45600@182.53
Ajai purchased. 20400@182.59
25July
Malti sold. 6000@182.00
Ajai sold. 54000@174.00
Ajai purchased. 18000@179.09
Malti purchased. 45600@173.35
26July
Malti sold. 48000@169.80
Ajai sold. 61200@ 169.55
Ajai purchased. 8400@175.20
27July
Ajai sold. 83400@155.33
Malti sold. 157200@141.85
Malti purchased. 15600@167.61
Ajai purchased. 255000@145.13

These transactions done by SALVIS .It clearly indicates that rates of shares are keeping deliberately low to acquire from weak Retailers. It will be continue till small investors evacuated

When share price goes cheaper than issue price, large number of non ipo allottee small investors are entering in the script. Then how can this so called evacuation possible? What Salvis are getting from this after burning their hands! I couldnt get the logic.

SALVIS logic is they purchased 4.80 lacs share in first two days. Then they are trying to keep price low from these shares. They will be selling shares with 20 to 25% loss. And ultimately when price will not go up and all will got tired then they acquire the share at below price and wait for some good news or create some good news to spike the share by 50 -60% in two to three days. In last day they sold 2.40 lacs share and purchased 2.70 lacs hence +30000 at low prices. 22.80 shares are open market and this day 5.20 lacs share traded.Hence there is clear cut manipulation seems.

Operators!! bahut zor lagana hoga upar le jane ke liye. Assume! Even if company is good, iski band baj chuki hai. (Bought yesterday for long, but sold today.. looking at the behaviour of operaters.)

As per information on money control, BSEL INFRA and Victus sold 6.20 lacs share @ 226. Perhaps these share they got in IPO @237. Malti and Ajay salvi purchased 4.80 lacs, Nikhil Rajesh 1.61 lacs and Ishan jayaswal 3.13 lacs and Mahadev manu 0.47 lacs total nearly 10 lacs share were purchased. Who are these persons and is their any connection with Promoter .I think price will stabilize in three four days

they are the operators...Works with LM and MM..famous for bringing down the share price by 50-60%.

Why is so much spoofing in this sme

I am not understanding why Promoter did fake application of rs45 cr in 54 cr IPO . Company is having good costumer and Market cap around 190 to 200 cr. If SEBI inquires about 33 application of 45cr amount that was technically cancelled by registrar, things can come out with involvement of PROMOTER . Perhaps for small profit promoter did big mistake. Out of 22 lacs shares more than 12 lacs shares changes hands in two days. All weak hands are out now. Promoters can buy the shares at lower level after that they can appreciate the share prices

On 14-July, I indeed filed complaint with SEBI against Synoptics Technologies on SCORES portal for inducement of subscription under 2 categories: Corporate Governance/Listing and Complaint against Issuer/Promoter/Director.
Exactly same had happened in case of Vaswani Industries when SEBI and then SAT held the Company liable.
Request others to file the complaints as well so that SEBI can initiate action against the company.

I have today filed complaint against Synoptics Technologies with SEBI on SCORES portal for inducement of subscription under 2 categories: Corporate Governance/Listing and Complaint against Issuer/Promoter/Director.
Exactly same had happened in case of Vaswani Industries when SEBI and then SAT held the Company liable.
Request others to file the complaints as well so that SEBI can initiate action against the company.

Good move! Please keep all posted on any response you get as it’ll be interesting to see what SEBI does as a lesson for other manipulators.

Well done Gaurav.I am also thinking for the same. Sebi must take some action, that will compail them to purchase the shares from market.

On the SEBI's SCORES Portal, against this Company, under Corporate Governance/Listing Conditions, I have filed folowing complaint:
Request others to file the complaint on SCORES portal as well.
...................
Date . 14 July 2023
.
Subject . Fraudulent inducement of Retail Investors into Subscribing IPO
.
Respected officer of SEBI
.
Just like 2011 case of SEBI vs Vaswani Industries wherein by creating false demand by showing interest of NIIs and QIBs in the IPO, retail investor was induced to invest in the IPO, and later there were huge withdrawals or rejections of the Application, which showed there is in actual poor demand of the scrip, and RII lost money due to poor listing and subsequent fall in the share price.
.
SAME
.
has happened with Synoptics Technologies IPO which opened for subscription from 30 June to 5 July, and listed on 13 July 2023.
Seeing huge NII interest, many RIIs including myself got induced to invest in this IPO, just like Vaswani case.
But after closure of the subscription period, it was found that 33 applications of NII amounting to 18.4 lac shares worth Rs 45 Cr were rejected bringing down the overall subscription and thus demand of the scrip.
Thus share whose GMP because of this false demand went over 9 percent, opened at 4.64 percent discount at Rs 226.1 for issue price of Rs 237.
Same fraud has been called out by MoneyControl in their article on 13 July at 6 41 PM titled
.
SME stock Synoptics hits lower circuit on listing; investors get full allotment despite oversubscription
.
at link
.
https://www.moneycontrol.com/news/business/stocks/sme-stock-synoptics-hits-lower-circuit-on-listing-investors-got-full-allotment-despite-oversubscription-10953871.html
.
As info shared by fellow investors in comments on chittorgarh.com on the page of this scrip, of the 22.8 lac shares issued, nearly half were traded at 11 45 AM on the listing date of which nearly 5 lac were at lower circuit showing somebody had corpus ready to purchase these at discount.
Subsequently, now with this fraud exposed the price is expected to just roll down the hill,
and RIIs have lost and shall continue to loose money.
.
I myself via Application No. 002E012730000007 dated 03 July 2023 at 12 30 PM via Order No. 202307030027166 via SBI ASBA had applied for 1 lot worth Rs 1,42,200 of this IPO because of this inducement and unfortunately got the allotment.
.
Now I have and still is losing money on this share just because I was fraudulently induced into invest in this scrip.
.
Therefore, I have two fold request to SEBI as following
1. To investigate the company Synoptics Technologies Ltd and its lead manager First Overseas Capital Ltd for fraudulently inducing retail investors into IPO and market manipulation,
and
2. To get me and other RIIs reimbursed for the loses incurred.
.
Warm Regards,
Dr. Gaurav Gupta

Don't understand how HNIs are manipulated and brought down from 2.5x to 1x as cancellation is not permitted.

Yes vahi hai
Cancel ka rasts

One who is applying for Rs 18 cr application then why he will apply in retail. It clearly indicates that Promoter has hand in this scam Why anybody apply rs18cr application for his own money for nothing.In 54 cr IPO , fake application of 45 cr applied. If SEBI initiate action then Promoter will try to stabilize share prices.

@Lokesh, @Noorul 
I am holding Swaraj, Remus pharma & Mankind…
Is it right time sell or hold..
Pls give ur views

Yup.

Noorul Thanks for replying

In future please boycott all IPOs by this LM and NNM securities are MM.
Cell point and Synoptic both, first day bulk seller same Victus LLP seems like quid pro kuo

Today in Money control 33 Fraud application of big lots issue was raised in their news article. Also there was traded 10.18 lacs share of worth 23.49cr amount in market against issue size of 54 cr. Around 6lacs shares were dumped at 226.10 lower circuit. Some thing is cooking inside and manipulation of price is being done . Today 6 lacs shares taken by some one at 226 shows strongness of company. Hence ultimately price will recover in two weeks.

Link for the article sir ... SME boom may fade away soon i guess

https://www.moneycontrol.com/news/business/stocks/sme-stock-synoptics-hits-lower-circuit-on-listing-investors-got-full-allotment-despite-oversubscription-10953871.html

Recent LM track record of cell point IPO stay away. You can be trapped as in cell point. I am one of them.

Out of 22.80 lacs issue 10.14 lacs share traded at 11.45. And nearly 5.00lacs share traded at lower circuit 226.0 This is clear indication of upmove in near future. It is pre planned strategy to apply wrongly in HNI category and then purchase shares at lower circuit.Weak hands are now out. Tomorrow may be one lower circuit again and then it will get upward journey started. Clients are good and next yr it will be earning PAT 16 Cr. So 13-14 pe multiple it's look at reasonable price. But it is obvious that manipulation done in IPO and that is unfair.

What a great disaster. High valuation and even our forum members applied and got allotment. Some members have sold in grey market are winners this time. Just par listing followed by l c. Was not subscribed in good.
Today is a day for Share Market. On all time high. Some of the IPO shares also all time high. Data Pattern, Dreamfolk, Syrma and many others on all time high.
Not necessary to apply in all SMEs. Who are not getting allotment in SMEs, they must always be careful and avoid such high valuation issues. Otherwise first allotment and disappointment.

Sell in pre open at rs 238 6 lot

Synoptics Technologies Ltd NSE SME IPO.
NSE Code:-17206
Symbol:-SYNOPTICS
Group:-ST
ISIN:-INE0BTR01012
Issue Price:-237/-
Market Lot:-600 Shares
Face Value:-10/-
Listing At:-NSE SME

Exit in preopen with whatever loss.

Good thing that they atleast managed to give at par exit to ipo investors.
If still someone hasn't sold it.. its their own fault.

Plz lokesh ji, noorul ji, ravi ji and cg members..
Plz give me your suggestion about Auro impex... Thanks

Seniors plz guide with listing strategy.

33 Application of 18.40lacs shares Amounting to nearly 45 cr have been rejected by Registar.It means this much amount is being managed by Promoter. Two applications of 4.21lacs and 2.11lacs share Amounting to nearly 15 cr had applied and alloted full quantity shares to them . It means rs 37 cr amount shares will be sold tomorrow listing day and promoter have 45cr to manipulate the market.

Worried why HNI application cancel in this

GMP discount