IPO

Saakshi Medtech and Panels Limited

NSE SME

Listed On: Oct 3, 2023 at ₹ 146.0

₹ 232800 /2400 Shares
*Min Investment

Check Allotment

25 Sep, 2023

Open Date

27 Sep, 2023

Close Date

29 Sep, 2023

Allotment Date

03 Oct, 2023

Listing Date
Saakshi Medtech and Panels Limited IPO IPO Issue Details
  • Issue Price ₹92-97 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price 4,656,000 shares(aggregating up to ₹45.16 Cr)
  • Listing at NSE SME
  • List Price 146.0
  • Listing Date 2023-10-03
  • Lead Manager Hem Securities Limited
  • Registrar Bigshare Services Pvt Ltd
Saakshi Medtech and Panels Limited IPO IPO Details
  • Retail Portion 35%
Saakshi Medtech and Panels Limited IPO IPO Documents
DRHP
RHP
Saakshi Medtech and Panels Limited IPO IPO Details


Saakshi Medtech and Panels Limited is an SME IPO, priced at ₹92-97 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.

The IPO bidding window is open from Sep 25, 2023 to Sep 27, 2023. The allotment is expected to be finalized on Sep 29, 2023, and the tentative listing date is Oct 3, 2023.


The registrar of the IPO is Bigshare Services Pvt Ltd, and

Read More
Saakshi Medtech and Panels Limited IPO IPO Subscription Analysis And Details
Retail
75.88x
Total
91.72x
As onQIB / NIIRetailTotal
Day 1 - 25-09-23 05:00 PM2.00/1.28 x2.51 x2.10 x
Day 2 26-09-23 05:00 PM
2.01/4.99 x12.72 x8.00 x
Day 3 27-09-23 05:00 PM
37.35/201.08 x75.88 x91.72 x
Saakshi Medtech and Panels Limited IPO Valuations
Earnings Per Share (EPS) ₹N/A/-
P/E Ratio 10.18
RoNW 29.32%
Net Asset Value (NAV) - Post Issue ₹N/A/-
Saakshi Medtech and Panels Limited IPO Company Financials
In Lakhs
In Lakh
31-Mar-2331-Mar-2231-Mar-21
Assets9,324.226,521.915,591.50
Revenue12,220.199,169.356,022.17
Profit After Tax1,238.30937.59220.08
About Saakshi Medtech and Panels Limited IPO Company

Saakshi Medtech and Panels Private Limited is engaged in the designing, programing, and assembling of Electrical Control Panels and Cabinets comprising microcontrollers, programmable logic controllers, and SCADA systems.

The company manufactures:
1. Electrical Control Panels and Cabinets used in elevators, air compressors, the renewal energy industry, the oil & gas exploration industry, electrical vehicle charging stations, etc.
2. Medical X-ray systems used in the healthcare industry
3. Fabrication works for locomotives
4. Wire harness division for electrical control panels and for supply to the air compressor industry.

Saakshi Medtech and Panels' has three manufacturing units in Pune, Maharashtra, with a total built-up area of approx. 9600 sq mtr.

The company has been awarded the Best Delivery Performance Award for 2010 - from Atlas Copco Ltd, Pune, Best EHS Award for 2013 from Atlas Copco Ltd, Pune, Awarded by Healthcare Innovation Centre (HIC) as the NPI Development Partner Award from Philips in 2015, Recognized as Productivity Partner in MMF Strategic Business Partnership Conclave 2021 by the GE Group, and Recognition certification of Zero Defect Zero Effect from MSME India.

The company recorded Rs. 8,723.00 Lacs in revenue from operations for the period ended December 31, 2022, Rs. 9,157.78 Lacs in fiscal 2022, and Rs. 5,977.39 in fiscal 2021.

Read More
Saakshi Medtech and Panels Limited IPO - Promoter(s)

Mr. Aniket Vijay Latkar

Ms. Chitra Vijay Latkar

Pre Issue Share Holding : %

Post Issue Share Holding : %

Saakshi Medtech and Panels Limited IPO IPO - Issue Objectives
1

Funding capital expenditure towards civil construction work in the existing premises of factory unit II.

2

Repayment in full or in part, of certain of the company's outstanding borrowings.

3

Funding Capital Expenditure towards the installation of additional plant and machinery.

4

Funding to meet working capital requirements.

5

General Corporate Purpose.