Drone Destination IPO vs Synoptics Technologies IPO

Comparision between Drone Destination IPO and Synoptics Technologies IPO.

IPO Details

Drone Destination IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Synoptics Technologies IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Drone Destination IPO	Synoptics Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Narnolia Financial Services Ltd	First Overseas Capital Limited
Registrar	Maashitla Securities Private Limited	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers 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 Drone Destination IPO is up to ₹44.20 Cr whereas the issue size of the Synoptics Technologies IPO is up to ₹54.03 Cr. The final issue price of Drone Destination IPO is ₹65.00 per share and of Synoptics Technologies IPO is ₹237.00 per share.

	Drone Destination IPO	Synoptics Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹62.00 per share
Issue Price (Upper)	₹65.00 per share
Issue Price (Final)	₹65.00 per share	₹237.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	600 shares
Fresh Issue Size	68,00,000 shares	14,80,000 shares
Fresh Issue Size (Amount)	up to ₹44.20 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	68,00,000 shares	22,80,000 shares
Issue Size Total (Amount)	up to ₹44.20 Cr	up to ₹54.03 Cr

IPO Timetable

Drone Destination IPO opens on Jul 07, 2023, while Synoptics Technologies IPO opens on Jun 30, 2023. The closing date of Drone Destination IPO and Synoptics Technologies IPO is Jul 13, 2023, and Jul 05, 2023, respectively.

	Drone Destination IPO	Synoptics Technologies IPO
Anchor Bid Date	Jul 06, 2023
Issue Open	Jul 07, 2023	Jun 30, 2023
Issue Close	Jul 13, 2023	Jul 05, 2023
Basis Of Allotment (Tentative)	Jul 18, 2023	Jul 10, 2023
Initiation of Refunds (Tentative)	Jul 19, 2023	Jul 11, 2023
Credit of Share (Tentative)	Jul 20, 2023	Jul 12, 2023
Listing date (Tentative)	Jul 21, 2023	Jul 13, 2023
Anchor Lockin End date 1	Aug 17, 2023	Aug 09, 2023
Anchor Lockin End date 2	Oct 16, 2023	Oct 08, 2023

Financials

Drone Destination IPO P/E ratio is 64.35, as compared to Synoptics Technologies IPO P/E ratio of 25.32.

Drone Destination IPO

Synoptics Technologies IPO

Financial

Drone Destination Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	96.34	39.33	-4.56	2.42	-8.58	9,794.46
31-Mar-22	278.30	257.16	20.73	23.15	12.15	151.09
31-Mar-23	2,359.33	1,207.73	244.19	1,757.34	1,257.34	159.17
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)

85.14%

100.00%

Promoter Shareholding (Post-Issue)

62.31%

73.11%

P/E Ratio

64.35

25.32

Market Cap

₹157.95 Cr.

₹200.98 Cr.

ROE

13.90%%

21.87%%

ROCE

18.65%%

19.16%%

Debt/Equity

0.06

0.82

EPS

₹25.80

₹4.65

RoNW

13.90%%

19.48%%

Shares Offered

In the Drone Destination IPO retail investors (RII) are offered 22,05,000 shares while in Synoptics Technologies IPO retail investors are offered 22,05,000 shares. Qualified institutional buyers (QIB) are offered 12,62,000 shares in Drone Destination IPO and 0 shares in Synoptics Technologies IPO.

	Drone Destination IPO	Synoptics Technologies IPO
Anchor Investor Reserveration	18,88,000 shares
Market Maker Reserveration	5,00,000 shares	1,14,000 shares
QIB	12,62,000 shares	0 shares
NII	9,45,000 shares	10,83,000 shares
RII	22,05,000 shares	10,83,000 shares
Employee	0 shares	0 shares
Others
Total	44,12,000 shares	21,66,000 shares

Bids Received (Subscription)

Drone Destination IPO subscribed 191.65x in total, whereas Synoptics Technologies IPO subscribed 2.66x.

	Drone Destination IPO	Synoptics Technologies IPO
QIB (times)	50.46x
NII (times)	243.85x	2.58x
Big NII (times)
Small NII (times)
RII (times)	250.09x	2.54x
Employee (times)
Other (times)
Total (times)	191.65x	2.66x

Compare with others

Drone Destination IPO	Synoptics Technologies IPO
Khazanchi Jewellers IPO	Asarfi Hospital IPO
Srivari Spices and Foods IPO	Service Care IPO
Asarfi Hospital IPO	Ahasolar Technologies IPO
Service Care IPO	Drone Destination IPO
Ahasolar Technologies IPO	AccelerateBS India IPO
AccelerateBS India IPO	Alphalogic Industries IPO
Synoptics Technologies IPO	Global Pet Industries IPO
Alphalogic Industries IPO	Tridhya Tech IPO
Global Pet Industries IPO	Magson IPO
Tridhya Tech IPO	Greenchef Appliances IPO

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