Magson IPO vs Synoptics Technologies IPO

Comparision between Magson IPO and Synoptics Technologies IPO.

IPO Details

Magson 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.

	Magson IPO	Synoptics Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Isk Advisors Pvt Ltd	First Overseas Capital Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Sunflower Broking Private Limited	Nnm Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Magson IPO is up to ₹13.74 Cr whereas the issue size of the Synoptics Technologies IPO is up to ₹54.03 Cr. The final issue price of Magson IPO is ₹65.00 per share and of Synoptics Technologies IPO is ₹237.00 per share.

	Magson IPO	Synoptics Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
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	21,14,000 shares	14,80,000 shares
Fresh Issue Size (Amount)	up to ₹13.74 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	21,14,000 shares	22,80,000 shares
Issue Size Total (Amount)	up to ₹13.74 Cr	up to ₹54.03 Cr

IPO Timetable

Magson IPO opens on Jun 23, 2023, while Synoptics Technologies IPO opens on Jun 30, 2023. The closing date of Magson IPO and Synoptics Technologies IPO is Jun 27, 2023, and Jul 05, 2023, respectively.

	Magson IPO	Synoptics Technologies IPO
Anchor Bid Date
Issue Open	Jun 23, 2023	Jun 30, 2023
Issue Close	Jun 27, 2023	Jul 05, 2023
Basis Of Allotment (Tentative)	Jul 03, 2023	Jul 10, 2023
Initiation of Refunds (Tentative)	Jul 04, 2023	Jul 11, 2023
Credit of Share (Tentative)	Jul 05, 2023	Jul 12, 2023
Listing date (Tentative)	Jul 06, 2023	Jul 13, 2023
Anchor Lockin End date 1	Aug 02, 2023	Aug 09, 2023
Anchor Lockin End date 2	Oct 01, 2023	Oct 08, 2023

Financials

Magson IPO P/E ratio is 20.25, as compared to Synoptics Technologies IPO P/E ratio of 25.32.

Magson IPO

Synoptics Technologies IPO

Financial

Magson Retail And Distribution Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	833.45	3,241.22	166.31	169.04	168.04	354.00
31-Mar-21	1,283.84	5,358.92	181.75	350.80	349.80	386.60
31-Mar-22	1,494.69	5,566.77	223.36	574.06	573.06	344.72
31-Mar-23	1,999.87	6,301.49	251.88	926.25	352.65	321.95
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)

95.89%

100.00%

Promoter Shareholding (Post-Issue)

70.06%

73.11%

P/E Ratio

20.25

25.32

Market Cap

₹51.03 Cr.

₹200.98 Cr.

ROE

21.87%%

ROCE

19.16%%

Debt/Equity

0.35

0.82

EPS

₹4.96

₹4.65

RoNW

27.19%%

19.48%%

Shares Offered

In the Magson IPO retail investors (RII) are offered 10,04,000 shares while in Synoptics Technologies IPO retail investors are offered 10,04,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Magson IPO and 0 shares in Synoptics Technologies IPO.

	Magson IPO	Synoptics Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,06,000 shares	1,14,000 shares
QIB	0 shares	0 shares
NII	10,04,000 shares	10,83,000 shares
RII	10,04,000 shares	10,83,000 shares
Employee	0 shares	0 shares
Others
Total	20,08,000 shares	21,66,000 shares

Bids Received (Subscription)

Magson IPO subscribed 6.74x in total, whereas Synoptics Technologies IPO subscribed 2.66x.

	Magson IPO	Synoptics Technologies IPO
QIB (times)
NII (times)	6.09x	2.58x
Big NII (times)
Small NII (times)
RII (times)	7.38x	2.54x
Employee (times)
Other (times)
Total (times)	6.74x	2.66x

Compare with others

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

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