Asarfi Hospital IPO vs Synoptics Technologies IPO

Comparision between Asarfi Hospital IPO and Synoptics Technologies IPO.

IPO Details

Asarfi Hospital IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Synoptics Technologies IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Asarfi Hospital IPO	Synoptics Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Hem Securities Limited	First Overseas Capital Limited
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Nnm Securities 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 Asarfi Hospital IPO is up to ₹26.94 Cr whereas the issue size of the Synoptics Technologies IPO is up to ₹54.03 Cr. The final issue price of Asarfi Hospital IPO is ₹52.00 per share and of Synoptics Technologies IPO is ₹237.00 per share.

	Asarfi Hospital IPO	Synoptics Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹51.00 per share
Issue Price (Upper)	₹52.00 per share
Issue Price (Final)	₹52.00 per share	₹237.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	600 shares
Fresh Issue Size	51,80,000 shares	14,80,000 shares
Fresh Issue Size (Amount)	up to ₹26.94 Cr	up to ₹35.08 Cr
OFS Issue Size		8,00,000 shares
OFS Issue Size (Amount)		up to ₹18.96 Cr
Issue Size Total	51,80,000 shares	22,80,000 shares
Issue Size Total (Amount)	up to ₹26.94 Cr	up to ₹54.03 Cr

IPO Timetable

Asarfi Hospital IPO opens on Jul 17, 2023, while Synoptics Technologies IPO opens on Jun 30, 2023. The closing date of Asarfi Hospital IPO and Synoptics Technologies IPO is Jul 19, 2023, and Jul 05, 2023, respectively.

	Asarfi Hospital IPO	Synoptics Technologies IPO
Anchor Bid Date	Jul 14, 2023
Issue Open	Jul 17, 2023	Jun 30, 2023
Issue Close	Jul 19, 2023	Jul 05, 2023
Basis Of Allotment (Tentative)	Jul 24, 2023	Jul 10, 2023
Initiation of Refunds (Tentative)	Jul 25, 2023	Jul 11, 2023
Credit of Share (Tentative)	Jul 26, 2023	Jul 12, 2023
Listing date (Tentative)	Jul 26, 2023	Jul 13, 2023
Anchor Lockin End date 1	Aug 23, 2023	Aug 09, 2023
Anchor Lockin End date 2	Oct 22, 2023	Oct 08, 2023

Financials

Asarfi Hospital IPO P/E ratio is 12.78, as compared to Synoptics Technologies IPO P/E ratio of 25.32.

Asarfi Hospital IPO

Synoptics Technologies IPO

Financial

Asarfi Hospital Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	3,729.45	5,439.90	353.43	1,689.90	1,564.95	713.36
31-Mar-22	6,270.24	6,619.54	572.84	2,262.73	2,137.78	1,163.31
31-Mar-23	9,342.71	7,303.26	801.53	4,184.26	2,734.53	1,720.20
Amount in ₹ Lakhs

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

Promoter Shareholding (Pre-Issue)

83.03%

100.00%

Promoter Shareholding (Post-Issue)

61.17%

73.11%

P/E Ratio

12.78

25.32

Market Cap

₹102.32 Cr.

₹200.98 Cr.

ROE

19.16%%

21.87%%

ROCE

19.91%%

19.16%%

Debt/Equity

0.41

0.82

EPS

₹7.58

₹4.65

RoNW

19.16%

19.48%%

Shares Offered

In the Asarfi Hospital IPO retail investors (RII) are offered 17,22,000 shares while in Synoptics Technologies IPO retail investors are offered 17,22,000 shares. Qualified institutional buyers (QIB) are offered 9,84,000 shares in Asarfi Hospital IPO and 0 shares in Synoptics Technologies IPO.

	Asarfi Hospital IPO	Synoptics Technologies IPO
Anchor Investor Reserveration	14,76,000 shares
Market Maker Reserveration	2,60,000 shares	1,14,000 shares
QIB	9,84,000 shares	0 shares
NII	7,38,000 shares	10,83,000 shares
RII	17,22,000 shares	10,83,000 shares
Employee	0 shares	0 shares
Others
Total	34,44,000 shares	21,66,000 shares

Bids Received (Subscription)

Asarfi Hospital IPO subscribed 195.14x in total, whereas Synoptics Technologies IPO subscribed 2.66x.

	Asarfi Hospital IPO	Synoptics Technologies IPO
QIB (times)	50.60x
NII (times)	451.62x	2.58x
Big NII (times)
Small NII (times)
RII (times)	167.81x	2.54x
Employee (times)
Other (times)
Total (times)	195.14x	2.66x

Compare with others

Asarfi Hospital IPO	Synoptics Technologies IPO
Vinsys IT Services IPO	Asarfi Hospital IPO
Yasons Chemex Care IPO	Service Care IPO
Committed Cargo Care IPO	Ahasolar Technologies IPO
Khazanchi Jewellers IPO	Drone Destination IPO
Srivari Spices and Foods IPO	AccelerateBS India IPO
Service Care IPO	Alphalogic Industries IPO
Ahasolar Technologies IPO	Global Pet Industries IPO
Drone Destination IPO	Tridhya Tech IPO
AccelerateBS India IPO	Magson IPO
Synoptics Technologies IPO	Greenchef Appliances IPO

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