Service Care IPO vs Synoptics Technologies IPO

Comparision between Service Care IPO and Synoptics Technologies IPO.

IPO Details

Service Care 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.

	Service Care 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	Swastika Investmart Ltd	First Overseas Capital Limited
Registrar	Integrated Registry Management Services Private Limited	Bigshare Services Pvt Ltd
Market Maker	Rikhav Securities 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 Service Care IPO is up to ₹20.68 Cr whereas the issue size of the Synoptics Technologies IPO is up to ₹54.03 Cr. The final issue price of Service Care IPO is ₹67.00 per share and of Synoptics Technologies IPO is ₹237.00 per share.

	Service Care IPO	Synoptics Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹63.00 per share
Issue Price (Upper)	₹67.00 per share
Issue Price (Final)	₹67.00 per share	₹237.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	600 shares
Fresh Issue Size	30,86,000 shares	14,80,000 shares
Fresh Issue Size (Amount)	up to ₹20.68 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	30,86,000 shares	22,80,000 shares
Issue Size Total (Amount)	up to ₹20.68 Cr	up to ₹54.03 Cr

IPO Timetable

Service Care IPO opens on Jul 14, 2023, while Synoptics Technologies IPO opens on Jun 30, 2023. The closing date of Service Care IPO and Synoptics Technologies IPO is Jul 18, 2023, and Jul 05, 2023, respectively.

	Service Care IPO	Synoptics Technologies IPO
Anchor Bid Date
Issue Open	Jul 14, 2023	Jun 30, 2023
Issue Close	Jul 18, 2023	Jul 05, 2023
Basis Of Allotment (Tentative)	Jul 21, 2023	Jul 10, 2023
Initiation of Refunds (Tentative)	Jul 24, 2023	Jul 11, 2023
Credit of Share (Tentative)	Jul 25, 2023	Jul 12, 2023
Listing date (Tentative)	Jul 26, 2023	Jul 13, 2023
Anchor Lockin End date 1	Aug 20, 2023	Aug 09, 2023
Anchor Lockin End date 2	Oct 19, 2023	Oct 08, 2023

Financials

Service Care IPO P/E ratio is 21.2, as compared to Synoptics Technologies IPO P/E ratio of 25.32.

Service Care IPO

Synoptics Technologies IPO

Financial

Service Care Private Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,920.92	10,812.34	136.28	434.38	433.38	306.01
31-Mar-21	2,019.92	8,933.38	23.46	457.84	456.84	314.56
31-Mar-22	2,430.89	11,501.64	174.48	632.32	631.32	341.47
31-Jan-23	3,181.30	13,217.29	302.34	1,134.66	1,133.41
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)

100%

100.00%

Promoter Shareholding (Post-Issue)

73.11%

P/E Ratio

21.2

25.32

Market Cap

₹77.04 Cr.

₹200.98 Cr.

ROE

0.34%

21.87%%

ROCE

0.37%

19.16%%

Debt/Equity

0.82

EPS

₹1744.81

₹4.65

RoNW

26.65%

19.48%%

Shares Offered

In the Service Care IPO retail investors (RII) are offered 13,18,000 shares while in Synoptics Technologies IPO retail investors are offered 13,18,000 shares. Qualified institutional buyers (QIB) are offered 2,94,000 shares in Service Care IPO and 0 shares in Synoptics Technologies IPO.

	Service Care IPO	Synoptics Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,56,000 shares	1,14,000 shares
QIB	2,94,000 shares	0 shares
NII	13,18,000 shares	10,83,000 shares
RII	13,18,000 shares	10,83,000 shares
Employee	0 shares	0 shares
Others
Total	29,30,000 shares	21,66,000 shares

Bids Received (Subscription)

Service Care IPO subscribed 6.44x in total, whereas Synoptics Technologies IPO subscribed 2.66x.

	Service Care IPO	Synoptics Technologies IPO
QIB (times)	5.10x
NII (times)	2.64x	2.58x
Big NII (times)
Small NII (times)
RII (times)	10.54x	2.54x
Employee (times)
Other (times)
Total (times)	6.44x	2.66x

Compare with others

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

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