The IPO date for Saakshi Medtech and Panels has been scheduled. The IPO will begin on September 25 and end on September 27. Saakshi Medtech and Panels is an NSE SME IPO that will raise 45.16 crores through the IPO. The price band for the Saakshi Medtech and Panels IPO is set at 92 to 97, with a market lot of 1200 shares.
Saakshi Medtech and Panels is a diverse company that manufactures: i) electrical control panels and cabinets used in lifts, air compressors, the renewal energy industry, the oil and gas exploration industry, electrical vehicle charging stations, and so on; ii) medical X-ray systems used in the healthcare industry; iii) fabrication works for locomotives; and (iv) wire harness division for captive consumption in electrical control panels and supply to air compressors. Their in-house engineering and design expertise enables them to
provide diverse goods and solutions to their customers across all product categories. Their comprehensive solutions encompass design, process engineering, and manufacturing facilities that comprise fabrication, assembly, and testing. The hardware components are imported or sourced from local suppliers, which are then programmed and assembled at the manufacturing facilities.
Electrical Control Panels and Cabinets comprised of microcontrollers, programmable logic controllers, and a SCADA system were designed, programmed, and manufactured by Saakshi Medtech. These electrical control panels are critical components of industrial automation. They offer higher-level monitoring and control of diverse machine functions in order to establish, organize, and accomplish production targets. OEMs producing lifts, wind turbines, air compressors, oil and gas exploration equipment, electrical vehicle charging stations, and diesel generators are among the end customers for their products in this category.
These panels control the input and output of the equipment in which they are installed, such as monitoring the directional movement of wind turbines, bi-lateral movement of lifts, automatic load and unloading 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, charging of EV batteries and alarming.
Saakshi Medtech and Panels IPO Date & Price Band Details
| IPO Open: | September 25, 2023 |
| IPO Close: | September 27, 2023 |
| IPO Size: | Approx ₹45.16 Crores, 4,656,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹92 to ₹97 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
Saakshi Medtech and Panels IPO Market Lot
The Saakshi Medtech and Panels IPO minimum market lot is 1200 shares with a ₹116,400 application amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹116,400 |
| Retail Maximum | 1 | 1200 | ₹116,400 |
| S-HNI Minimum | 2 | 2400 | ₹232,80 |
Objects of the Issue:
- Funding capital expenditure towards civil construction work on the existing premises of factory unit II.
- repayment, in full or in part, of certain of the company’s outstanding borrowings.
- Funding Capital expenditures towards the installation of additional plant and machinery.
- Funding to meet working capital requirements.
- General Corporate Purpose.
Saakshi Medtech and Panels IPO Review
- To be updated soon
Saakshi Medtech and Panels IPO Dates
The Saakshi Medtech and Panels IPO date is September 25, and the IPO close date is September 27. The IPO allotment date is October 3, and the IPO might list on October 6.
| IPO Open Date: | September 25, 2023 |
| IPO Close Date: | September 27, 2023 |
| Basis of Allotment: | October 3, 2023 |
| Refunds: | October 4, 2023 |
| Credit to Demat Account: | October 5, 2023 |
| IPO Listing Date: | October 6, 2023 |
Saakshi Medtech and Panels IPO Form
How do I apply Saakshi Medtech and Panels IPO? –> You can apply for the Saakshi Medtech and Panels IPOs using your bank account’s ASBA. Simply log into your online banking account and apply using your bank account by selecting the Saakshi Medtech and Panels IPO in the Invest section. Another alternative is to apply for the Saakshi Medtech and Panels IPO using the IPO forms available on the NSE website. Take a look at the Saakshi Medtech and Panels forms.
Saakshi Medtech and Panels Company Financial Report
| Year(₹ in Crores) | Revenue | Expense | PAT |
|---|---|---|---|
| 2020 | ₹61.71 | ₹54.13 | ₹5.79 |
| 2021 | ₹60.22 | ₹57.09 | ₹2.10 |
| 2022 | ₹91.69 | ₹79.01 | ₹9.32 |
| 2023 9M | ₹87.28 | ₹76.14 | ₹11.14 |
Saakshi Medtech and Panels IPO Valuation: FY2022
Check Saakshi Medtech and Panels IPO valuation details like Earning Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹7.17 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 31.64% |
| Net Asset Value (NAV): | ₹22.66 per Equity Share |
Peer Group
- NA
Company Promoters
- Mr. Aniket Vijay Latkar
- Ms. Chitra Vijay Latkar
Saakshi Medtech and Panels IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263-8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Address
Saakshi Medtech and Panels Limited
Plot No. EL-23, J Block,
MIDC Industrial Area,
Bhosari, Pune, 411026
Phone: +91- 02039854400
Email: info@smtpl.co
Website: https://www.smtpl.co
Saakshi Medtech and Panels IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Saakshi Medtech and Panels IPO FAQs:
Q1. What is Saakshi Medtech and Panels IPO?
Ans. Saakshi Medtech and Panels IPO is an NSE SME IPO. They are going to raise ₹45.16 Crores via IPO. The issue is priced at ₹92 to ₹97 per equity share. The IPO is to be listed on NSE.
Q2. When Saakshi Medtech and Panels IPO will open?
Ans.The IPO is to open on September 27, 2023 for QIB, NII, and Retail Investors.
Q3. What is Saakshi Medtech and Panels IPO Investors Portion?
Ans.The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4. How to Apply the Saakshi Medtech and Panels IPO?
Ans. You can apply Saakshi Medtech and Panels IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Saakshi Medtech and Panels IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Saakshi Medtech and Panels”. 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. Open Demat Account with Zerodha.
Q6. How to Apply the Saakshi Medtech and Panels IPO through Upstox?
Ans. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Saakshi Medtech and Panels”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Saakshi Medtech and Panels IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Saakshi Medtech and Panels”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Saakshi Medtech and Panels IPO Size?
Ans. Saakshi Medtech and Panels IPO size is ₹45.16 crores.
Q9. What is Saakshi Medtech and Panels IPO Price Band?
Ans. Saakshi Medtech and Panels IPO Price Band is ₹92 to ₹97 per equity share.
Q10. What is Saakshi Medtech and Panels IPO Minimum and Maximum Lot Size?
Ans. The IPO bid is 1200 shares with ₹116,400.
Q11. What is Saakshi Medtech and Panels IPO Allotment Date?
Ans. Saakshi Medtech and Panels IPO allotment date is October 3, 2023.
Q12. What is Saakshi Medtech and Panels IPO Listing Date?
Ans. Saakshi Medtech and Panels IPO listing date is October 6, 2023. The IPO to list on NSE SME.
