Saakshi Medtech and Panels Limited

NSE SME

Listed On: Oct 3, 2023 at ₹ 146.0

₹ 116400 /1200 Shares

Check Allotment

Saakshi Medtech and Panels Limited IPO IPO Details

25 Sep, 2023

Open Date

27 Sep, 2023

Close Date

29 Sep, 2023

Allotment Date

03 Oct, 2023

Listing Date

Issue Price

₹92-97 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

146.0

Listing Date

2023-10-03

Market Lot

1200 Shares (₹116,400/-)

Lead Manager

Hem Securities Limited

Issue Size

4,656,000 shares(aggregating up to ₹45.16 Cr)

Retail Portion

35%

Subscription

91.72 times

IPO Docs

DRHP RHP

Saakshi Medtech and Panels Limited IPO IPO Subscription Details

As on	QIB / NII	Retail	Total
Day 1 - 25-09-23 05:00 PM	2.00/1.28 x	2.51 x	2.10 x
Day 2 - 26-09-23 05:00 PM	2.01/4.99 x	12.72 x	8.00 x
Day 3 - 27-09-23 05:00 PM	37.35/201.08 x	75.88 x	91.72 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 All values are in ₹ Lakh

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	9,324.22	6,521.91	5,591.50
Revenue	12,220.19	9,169.35	6,022.17
Profit After Tax	1,238.30	937.59	220.08

About The 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.

Saakshi Medtech and Panels Limited IPO - Promoter(s)

Pre Issue Share Holding: %

Post Issue Share Holding: %

Company Promoter(s)

Mr. Aniket Vijay Latkar
Ms. Chitra Vijay Latkar

Saakshi Medtech and Panels Limited IPO IPO - Issue Objectives

Funding capital expenditure towards civil construction work in the existing premises of factory unit II.
Repayment in full or in part, of certain of the company's outstanding borrowings.
Funding Capital Expenditure towards the installation of additional plant and machinery.
Funding to meet working capital requirements.
General Corporate Purpose.

Saakshi Medtech and Panels Limited IPO IPO - FAQs

Ans. Saakshi Medtech and Panels Limited is a SME IPO. The issue is priced at ₹92-97 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Sep 25, 2023, and closes on Sep 27, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Saakshi Medtech and Panels Limited opens on Sep 25, 2023 and closes on Sep 27, 2023.

Ans. The size of Saakshi Medtech and Panels Limited is 4,656,000 shares(aggregating up to ₹45.16 Cr).

Ans. The IPO price band is set between ₹92-97 per equity share.

Ans. To apply for Saakshi Medtech and Panels Limited IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Saakshi Medtech and Panels Limited in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Saakshi Medtech and Panels Limited is Sep 29, 2023.

Ans. The Saakshi Medtech and Panels Limited will be listed on Oct 3, 2023.

Ans. Follow the steps to check the allotment status for Saakshi Medtech and Panels Limited here.