Saakshi Medtech and Panels IPO Details ( Saakshi Medtech and Panels Limited IPO Review )
(25 Sep 2023 – 27 Sep 2023)
Saakshi Medtech and Panels Limited was founded in 2001. We specialize in designing, programming, and assembling Electrical Control Panels and Cabinets. These panels and cabinets include microcontrollers, programmable logic controllers, and SCADA systems.
Our company manufactures the following:
- Electrical Control Panels and Cabinets used in elevators, air compressors, the renewable energy industry, the oil & gas exploration industry, and electrical vehicle charging stations.
- Medical X-ray systems for the healthcare industry.
- Fabrication works for locomotives.
- Wire harnesses for electrical control panels and supply to the air compressor industry.
We have three manufacturing units located in Pune, Maharashtra, with a total built-up area of approximately 9600 square meters.
Over the years, we have received several awards and recognitions:
- In 2010, we received the Best Delivery Performance Award from Atlas Copco Ltd, Pune.
- In 2013, we were honored with the Best EHS Award from Atlas Copco Ltd, Pune.
- In 2015, we were awarded the NPI Development Partner Award by the Healthcare Innovation Centre (HIC) from Philips.
- In 2021, we were recognized as a Productivity Partner in the MMF Strategic Business Partnership Conclave by the GE Group.
- We also received a Recognition certification of Zero Defect Zero Effect from MSME India.
For the fiscal year ended December 31, 2022, our company achieved revenue from operations of Rs. 8,723.00 Lacs, while in fiscal 2022, we recorded Rs. 9,157.78 Lacs, and in fiscal 2021, our revenue was Rs. 5,977.39.
Saakshi Medtech and Panels Limited Company Product
- Medical X-Ray System
- Electrical Control Panel and Cabinets
- Fabrication Works
- Wire Harness Division
- Trading
- Other
Saakshi Medtech and Panels Limited IPO Competitive Strength
- We offer a diversified range of products
- Engineering expertise with complex product manufacturing capability
- Long term and well-established relationships with OEM customers
- Quality Assurance
- Experienced and Qualified Management and Employee base
- Stable financial performance
Saakshi Medtech and Panels IPO Financials Performance ( Results )
Saakshi Medtech and Panels Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 5,591.50 | 6,022.17 | 220.08 | 1.69 | 1,788.17 | 15.76 | 1,788.17 | 2,199.44 |
| 31-Mar-22 | 6,521.91 | 9,169.35 | 937.59 | 7.21 | 2,725.77 | 22.97 | 2,725.77 | 1,635.78 |
| 31-Mar-23 | 9,324.22 | 12,220.19 | 1,238.30 | 9.53 | 3,964.07 | 32.49 | 3,964.07 | 2,007.45 |
Objective of Saakshi Medtech and Panels IPO Issue
- 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 IPO Basic Details
| IPO Date | Sep 25, 2023 to Sep 27, 2023 |
| Listing Date | Friday, October 6, 2023 |
| Face Value | ₹10 per share |
| Price | ₹92 to ₹97 per share |
| Lot Size | 1200 Shares |
| Issue Size | 4,656,000 shares of ₹10 (aggregating up to ₹45.16 Cr) |
| Fresh Issue | 4,656,000 shares of ₹10 (aggregating up to ₹45.16 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,000,000 |
| Share holding post issue | 17,656,000 |
| Company Promoters | Mr. Aniket Vijay Latkar and Ms. Chitra Vijay Latkar |
Saakshi Medtech and Panels IPO Reservation
| QIB Shares Offered | 18.99% of the Net Issue |
| NII (HNI) Shares Offered | 14.25% of the Net Issue |
| Retail Shares Offered | 33.25% of the Net Issue |
Saakshi Medtech IPO Timetable
Saakshi Medtech IPO will open on September 25, 2023 and close on September 27, 2023. You can join Saakshi Medtech IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 25 September 2023 (Monday) |
| Closing Date | 27 September 2023 (Wednesday) |
| Basis of Allotment | 3 October 2023 (Tuesday) |
| Initiation of Refunds | 4 October 2023 (Wednesday) |
| Credit of Shares to Demat | 5 October 2023 (Thursday) |
| Listing Date | 6 October 2023 (Friday) |
| Deadline for UPI mandate confirmation | 5 PM on 27 September 2023 |
Saakshi Medtech IPO Lot Size
For retail investors in Saakshi Medtech IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹116,400. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹116,400.
| Application | Lots | Shares | 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 Promoter Holding
The company’s promoters include Mr. Aniket Vijay Latkar and Ms. Chitra Vijay Latkar.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.63% |
Saakshi Medtech and Panels Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | Coming Soon |
| Earning Per Share (EPS) | ₹9.53 per Equity Share |
| Net Asset Value (NAV) | ₹32.49 per Equity Share |
| P/E Ratio (P/E) (x) | 10.18 |
| Return on Net Worth (RoNW) (%) | 29.32 |
| Return on equity (ROE) (%) | 34.35 |
| Return on Capital Employed (ROCE) (%) | 28.57 |
| Debt/Equity Ratio | 0.48 |
Saakshi Medtech and Panels Ltd Peer Comparison
There are no listed companies in India that are engaged in a business similar to that of our company accordingly it is not possible to provide an industry comparison in relation to our company
Saakshi Medtech and Panels IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 26 September 2023 | ₹30 | – | – |
| 25 September 2023 | ₹30 | – | – |
| 24 September 2023 | ₹30 | – | – |
Saakshi Medtech and Panels IPO Detail Video:
Saakshi Medtech and Panels IPO Subscription Status (Bidding Detail)
The Saakshi Medtech and Panels IPO on September 27, 2023 at 7:30:00 PM was subscribed 91.65 times, with the retail category being subscribed 75.88 times, the NII (Non-Institutional Investor) category being subscribed 200.78 times, QIB (Qualified-Institutional Buyers) category being subscribed 37.35 times.
| Category | Subscription |
| QIB | 37.35x |
| NII | 200.78x |
| Retail | 75.88x |
| Total | 91.65x |
Saakshi Medtech and Panels IPO Prospectus
| Saakshi Medtech and Panels IPO DRHP | Download |
| Saakshi Medtech and Panels IPO RHP | Download |
| Saakshi Medtech and Panels IPO Anchor Investors Details PDF | Download |
Saakshi Medtech and Panels IPO Rating
| Our Rating | 3.5/5.0 |
Saakshi Medtech and Panels Company Contact Information
Saakshi Medtech and Panels Limited
Registered Office: Plot No. EL-23, J Block, MIDC Industrial Area, Bhosari, Pune- 411026, Maharashtra, India.
Contact Person: Shweta Pursnani, Company Secretary & Compliance Officer
Tel No: +91- 02039854400
E-mail: info@smtpl.co
Website: www.smtpl.co
Promoters of our Company: Aniket Vijay Latkar and Chitra Vijay Latkar
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.: +91 022 6263 8200
Fax: +91 022 6263 8299
Email: ipo@bigshareonline.com
Contact Person: Babu Rapheal C
Website: www.bigshareonline.com
SEBI Registration Number: INR000001385
Saakshi Medtech and Panels IPO Lead Manager
Hem Securities Limited
Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Tel. No.: +91- 022- 49060000
Fax No.: +91- 022- 22625991
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Website: www.hemsecurities.com
Contact Person: Roshni Lahoti
SEBI Regn. No.: INM000010981
Saakshi Medtech and Panels IPO FAQs
What is the lot size of Saakshi Medtech and Panels IPO?
The total size of Saakshi Medtech and Panels IPO is ₹45.16 crores and this is a complete fresh Issue.
When will Saakshi Medtech and Panels IPO start?
Saakshi Medtech and Panels IPO will open from 25 September 2023 and IPO will close on 27 September 2023.
What is the open date of Saakshi Medtech and Panels IPO?
Saakshi Medtech and Panels IPO will open date from 25 September 2023.
What is the last date ( close date ) of Saakshi Medtech and Panels IPO?
Saakshi Medtech and Panels IPO will close from 27 September 2023.
What is the price band of Saakshi Medtech and Panels IPO?
Saakshi Medtech and Panels IPO price band is ₹92 to ₹97. ( Upper Price Band: ₹97, Lower Price Band: ₹92 )
What is the minimum amount required to apply for Saakshi Medtech and Panels IPO?
The minimum investment for retailers to apply for Saakshi Medtech and Panels IPO is ₹116,400 and the maximum investment is ₹116,400.
What is going on gray market premium of Saakshi Medtech and Panels IPO?
View gray market premium of Saakshi Medtech and Panels IPO by Clicking Here
How much is the GMP of Saakshi Medtech and Panels IPO?
Watch Saakshi Medtech and Panels IPO GMP Today: Click Here
What is the allotment date of Saakshi Medtech and Panels IPO?
The allotment date of Saakshi Medtech and Panels IPO is 3 October 2023.
How to check allotment status in Saakshi Medtech and Panels IPO?
To check the allotment status of Saakshi Medtech and Panels IPO, first of all go to the registrar website by clicking here, select your bad Saakshi Medtech and Panels IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Saakshi Medtech and Panels IPO?
The listing date of Saakshi Medtech and Panels IPO is 6 October 2023.
How much will be the listing gain in Saakshi Medtech and Panels IPO?
View listing gain of Saakshi Medtech and Panels IPO by Clicking Here
How much time Saakshi Medtech and Panels IPO is subscribed?
Total 91.65 times subscribed in Saakshi Medtech and Panels IPO out of which 75.88 times subscription was done in retail quota, 200.78 times subscription in NII quota and 37.35 times subscription in QIB quota.
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