Saakshi Medtech and Panels IPO will be Open on 25 September 2023 and closes on 27 September 2023. The company has fixed the price of this IPO at ₹92-₹97 according to the face value of ₹10. The company will raise ₹45.16 Crores through this IPO under the 4,656,000 Equity Shares public issue, and the offer is 100% Book Built Issue. The company reserve quota in this IPO QIB 50% for NII 15% and for 35% Retail Investor. You can check Saakshi Medtech and Panels IPO GMP here.
Saakshi Medtech and Panels Private Limited is engaged design, program and assemble Electrical Control Panels and Cabinets comprising of micro controller, programmable logic controllers and SCADA system. The company provide higher-level monitoring and control various functions of machines to define, organize, and meet production objectives. The end users for our products in this category include OEMs producing elevators, wind turbines, air compressors, oil & gas exploration equipment, electrical vehicle charging stations or diesel generators.
The company manufactures:
- Electrical Control Panels and Cabinets used in elevators, air compressors, renewal energy industry, oil & gas exploration industry, electrical vehicle charging stations etc,
- Medical X Ray System used in healthcare industry
- Fabrication works for locomotives
- wire harness division for our captive consumption in electrical control panels and for supply to air compressor industry.
The company installed like: monitoring directional movement of wind turbines, bi-lateral movement of elevators, set automatic load and unload of pressure in air compressors used in CNG petrol pumps, metal industry, forging industry, chemical industry, aviation industry and allied industries, vibration and temperature monitoring in oil and gas exploration equipment, for charging of EV batteries and alarming of DG sets.
The company major clientele in this product category include: Atlas Copco (India) Ltd and Ge India Industrial Pvt Ltd, OTIS Elevator Company (India) Ltd, GE Oil & Gas India Pvt Ltd, Kirloskar Oil Engines Ltd, Kirloskar Pneumatic Co.Ltd. The company has entered into a long-term supply agreement with OTIS Elevator Company (India) Ltd for supply of electrical control panels for controlling of lift movement valid upto June 30, 2024. You can check Saakshi Medtech and Panels IPO subscription status here.
The company has three manufacturing facilities situated in Pune with total built up area of approx. 9600 sq mtr. the company manufacture Electrical Control Panels and Cabinets, Medical X- Ray System and Wire Harness in the factory Unit-I and Fabrication works in factory Unit II and Unit III.
Objects Of The Issue :
- Repayment in full or in part, of certain of our outstanding borrowings.
- Funding to meet working capital requirements.
- General Corporate Purpose.
Company Strengths :
- The company offer a diversified range of products.
- Engineering expertise with complex product manufacturing capability.
- Long term and well-established relationships with OEM customer.
- Quality Assurance.
- Experienced and Qualified Management and Employee base.
- Stable financial performance.
| Read also: Upcoming IPO List 2023 |
Saakshi Medtech and Panels IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹12.38 Cr ₹97 Per Shares 9.53 10.18x 29.32 % 29.32 % 28.57 % 0.48 ₹32.49 ₹93.24 Cr ₹171.26 Cr 100.00 % 73.63 % |
| Team Review : | ✔ Apply For Long Term |
Saakshi Medtech and Panels IPO GMP Live:
Saakshi Medtech and Panels IPO GMP Or Grey Market Premium available here. The SME IPO GMP Premium updated Day By Day IPOs Running Period and the GMP Rates are Fluctuate and stable some times later. (GMP rates are Not 100% Guaranteed)
| Date | GMP | Subject Rate |
| 22 Sep 2023 | ₹29-₹30 | ₹27400 |
| 21 Sep 2023 | ₹29-₹30 | ₹27400 |
| 20 Sep 2023 | ₹29-₹30 | ₹27400 |
| 19 Sep 2023 | ₹0-₹0 | ₹0 |
Saakshi Medtech and Panels IPO Date & Price Band & Details :
| Issue Offer : | Book Built Issue |
| IPO Open : | 25 September 2023 |
| IPO Close : | 27 September 2023 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹92 – ₹97 Per Share |
| Listing On : | NSE, SME |
| Issue Size : | ₹45.16 Cr (4,656,000 Shares) |
| Fresh Issue : | ₹45.16 Cr (4,656,000 Shares) |
Saakshi Medtech and Panels IPO Market Lot :
Saakshi Medtech and Panels IPO Minimum Market lot is 1 Lot with 1200 shares with ₹116,400 Application amount. The retail investors can apply up to 1 lots with 1200 Shares or ₹116,400 amounts.
| Category | Lot | Share | Amount |
| Retail (Min) : | 1 | 1200 | ₹116,400 |
| Retail (Max) : | 1 | 1200 | ₹116,400 |
| S-HNI (Min) : | 2 | 2400 | ₹232,800 |
Saakshi Medtech and Panels IPO Shares Offer :
A Total of 4,656,000 shares are to be bid for the public issue by Saakshi Medtech and Panels IPO with 4,656,000 for Fresh issue and – for offer for sale.
| Category | Shares Offer | Amount |
| Fresh issue : | 4,656,000 | ₹45.16 Cr |
| Offer For Sale : | – | ₹- |
| Total : | 4,656,000 | ₹45.16 Cr |
Saakshi Medtech and Panels IPO Net Reservation :
Saakshi Medtech and Panels IPO Net Reservation of 4,656,000 shares are to be bid for the public issue by Saakshi Medtech and Panels IPO with 2,209,200 for QIB and 6,63,600 for NII 1,548,000 For RII & 2,35,200 Shares EMP.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 2,209,200 | ₹21.43 |
| NII : | 15% | 6,63,600 | ₹6.44 |
| RII : | 35% | 15,48,000 | ₹15.01 |
| MMRP : | – % | 2,35,200 | ₹2.28 |
| Total : | 100% | 4,656,000 | ₹45.16 Cr |
Saakshi Medtech and Panels IPO EPS & RoNW :
The Saakshi Medtech and Panels company’s EPS & RoNW growth is an Increasing last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹9.53 | 29.32% | ₹32.49 |
| 2022 | ₹7.21 | 31.4% | ₹22.97 |
| 2021 | ₹1.69 | 10.75% | ₹15.76 |
Saakshi Medtech and Panels IPO Peer Comparison PE :
The Saakshi Medtech and Panels, According to RHP there are no listed companies in India.
| Sr. No. | Company | PE Ratio |
| 1. | There are no listed companies in India | – |
Saakshi Medtech and Panels IPO Dates :
Saakshi Medtech and Panels IPO Date is 25 September 2023 and closes on 27 September 2023. The allotment will be finalized on 03 October 2023 and the IPO may list on 06 October 2023.
| Issue Open Date : | 25 September 2023 |
| Issue Close Date : | 27 September 2023 |
| Allotment Date : | 03 October 2023 |
| Refund Date : | 04 October 2023 |
| Share Credit Date : | 05 October 2023 |
| Listing Date : | 06 October 2023 |
Saakshi Medtech and Panels IPO Form :
There are two ways to apply in Saakshi Medtech and Panels IPO. You can apply for Saakshi Medtech and Panels IPO through ASBA available in your bank account. You have to go to your online bank login and select Saakshi Medtech and Panels IPO in the Invest section and apply through your bank account. Another option is you can apply Saakshi Medtech and Panels IPO through IPO form download through NSE and BSE. See the Saakshi Medtech and Panels IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Saakshi Medtech and Panels Company Financial Report (lakh) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹12,220.19 | ₹10,563.88 | ₹1,238.30 |
| 2022 | ₹9,169.35 | ₹7,904.69 | ₹937.59 |
| 2021 | ₹6,022.17 | ₹5,707.26 | ₹220.08 |
Company Promoters :
■ Aniket Vijay Latkar
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Saakshi Medtech and Panels IPO Lead Managers :
■ Hem Securities Limited
Saakshi Medtech and Panels IPO Registrar :
Bigshare Services Private Limited
Address: S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East) Mumbai – 400093, India.
Tel No.:+91 22 6263 8200
Facsimile: +91 22 6263 8299
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.bigshareonline.com
Note: Check Saakshi Medtech and Panels IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Saakshi Medtech and Panels Limited
Plot No. EL-23, J Block,
MIDC Industrial Area, Bhosari,
Pune- 411026,
Maharashtra, India
Tel. No.: +91-02039854400
Email: [email protected]
Website: www.smtpl.co
Saakshi Medtech IPO FAQs :
What is Saakshi Medtech and Panels IPO?
Saakshi Medtech and Panels IPO is SME IPO. They are going to raise ₹45.16 Crores via IPO. The issue is priced at ₹97 per equity share. The IPO to be listed on NSE, SME.
When Saakshi Medtech and Panels IPO will open?
The IPO is to open on 25 Sep – 27 Sep for QIB, NII & RII.
How much is Saakshi Medtech and Panels IPO Size?
Saakshi Medtech and Panels IPO size is ₹45.16 Crores.
How much is the Fresh issue size of Saakshi Medtech and Panels IPO?
The Fresh issue size of Saakshi Medtech and Panels IPO ₹45.16 Cr.
How much is the Offer For Sale size of Saakshi Medtech and Panels IPO?
The Offer For Sale size of Saakshi Medtech and Panels IPO ₹- Cr.
What is Saakshi Medtech and Panels IPO Price Band?
Saakshi Medtech and Panels IPO Price Band is ₹92 to ₹97 Per share.
What is the Saakshi Medtech and Panels IPO Minimum and Maximum Lot Size?
The minimum bid is 1200 Shares with ₹116,400 amount while the maximum bid is 1200 shares with ₹116,400.
How much is Saakshi Medtech and Panels IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
When is Saakshi Medtech and Panels IPO Allotment Date?
Saakshi Medtech and Panels IPO allotment date is 03 October 2023.
When is Saakshi Medtech and Panels IPO Listing Date?
Saakshi Medtech and Panels IPO listing date is 06 October 2023. The IPO to list on NSE, SME.
How to Apply the Saakshi Medtech and Panels IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Saakshi Medtech and Panels IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Saakshi Medtech and Panels IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Saakshi Medtech and Panels IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Saakshi Medtech and Panels IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Saakshi Medtech and Panels IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Saakshi Medtech and Panels IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Saakshi Medtech and Panels IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
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