Saakshi Medtech And Panels IPO Details, Review, Date, GMP: The book-built Saakshi Medtech and Panels IPO is worth Rs 45.16 crores. 46.56 lakh shares are being issued totally as new shares. The pricing range for Saakshi Medtech and Panels IPO is set at 92 to 97 rupees per share. 1200 Shares are the bare minimum lot size for an application. Retail investors are obliged to make an investment of at least 116,400. The minimum investment lot size for HNI is 2 lots, or 2,400 shares, or 232,800.
On September 25, 2023, the Saakshi Medtech and Panels IPO opens for subscription, and it closes on September 27, 2023. On Tuesday, October 3, 2023, the allocation for the Saakshi Medtech and Panels IPO is anticipated to be decided. The proposed listing date for Saakshi Medtech and Panels IPO on NSE SME is set for Friday, October 6, 2023.
The registrar for the Saakshi Medtech and Panels IPO is Bigshare Services Pvt Ltd, and the book running lead manager is Hem Securities Limited. Hem Finlease is the market maker for the Saakshi Medtech and Panels IPO.
Saakshi Medtech And Panels IPO Overview
| Saakshi Medtech And Panels Limited IPO Company Overview | |
|---|---|
| Company Name | Saakshi Medtech And Panels |
| IPO Opening Date | 25 September, 2023 |
| IPO Closing Date | 27 September, 2023 |
| Face Value | 10₹ Per Share |
| Share Price Range | 92₹ To 97₹ |
| Lot Size | 1200 Shares |
| GMP | 30₹ |
| Issue Type | Book Built Issue IPO |
| Total IPO Issue Size | 46,56,000 Shares |
| Fresh Issue Size | 46,56,000 Shares |
| IPO Listing At | NSE SME |
| Share Holding Pre Issue | 13,000,000 |
| Share Holding Post Issue | 17,656,000 |
| More IPO’s | Check Here |
Saakshi Medtech And Panels IPO Lot Size
| Saakshi Medtech And Panels Limited IPO Lot Size | |
|---|---|
| Minimum Retail Applications | 01 Lot |
| Maximum Retail Applications | 01 Lot |
| Minimum HNI Applications | 02 Lots |
| Total Shares In Single Lot | 1200 Shares |
| Amount For Single Lot | 1,16,400₹ |
Saakshi Medtech And Panels IPO Time Table (Tentative)
| Saakshi Medtech And Panels Limited IPO Time Table Complete Details | |
|---|---|
| IPO Initiation Date | 25 September, 2023 |
| IPO Ending Date | 27 September, 2023 |
| Basis Of Allotment | 03 October, 2023 |
| Initiation Of Refund | 04 October, 2023 |
| Shares Credit To Demat Account | 05 October, 2023 |
| Date Of Listing | 06 October, 2023 |
| Cut Off Time For UPI Mandate Confirmation | 05:00 PM, 27 September, 2023 |
Saakshi Medtech And Panels IPO Reservation Details
| Saakshi Medtech And Panels Limited IPO Reservation Overview | |
|---|---|
| Shares Offered To Retailers | Not Less Than 35% Of Net Offer |
| Shares Offered To HNI | Not Less Than 15% Of Net Offer |
| Shares Offered To QIB | Not More Than 50% Of Net Offer |
Saakshi Medtech And Panels Company Financials
| Saakshi Medtech And Panels Limited Company Financials Information | |
|---|---|
| This Data Is Of | 31 March, 2023 |
| Total Revenue | 12,220.19 Cr |
| Assets | 9,324.22 Cr |
| Profit After Tax | 1,238.30 Cr |
| Net Worth | 3,964.07 Cr |
| Reserves And Surplus | 3,964.07 Cr |
| Debt | 2,007.45 Cr |
Saakshi Medtech And Panels Promoters Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.63% |
Saakshi Medtech And Panels Key Performance Indicators
| Saakshi Medtech And Panels Key Performance Indicators | |
|---|---|
| KPI | Values |
| Post P/E (X) | 10.18 |
| EPS | 9.53 |
| ROCE | 28.57% |
| RoNW | 29.32% |
Is Saakshi Medtech And Panels IPO Good Or Bad To Buy?
Saakshi Medtech and Panels Private Limited, a company founded in 2001, specializes in designing, programming, and putting together SCADA, microcontroller, and programmable logic controller-based electrical control panels and cabinets.
In Pune, Maharashtra, Saakshi Medtech, and Panels have three manufacturing facilities with a combined built-up area of over 9600 square meters.
The business has received several honors, including the Best Delivery Performance Award (2010) from Atlas Copco Ltd. in Pune, the Best EHS Award (2013) from Atlas Copco Ltd. in Pune, the NPI Development Partner Award (2015) from Philips, recognition as a productivity partner in 2021 by the GE Group’s MMF Strategic Business Partnership Conclave, and certification of Zero A flaw Zero Effect from MSME India.
What Is The Objective Of Saakshi Medtech And Panels IPO Issue?
It is suggested that the Net Proceeds be used in line with the information provided below:-
- Providing capital funding for civil construction projects at factory unit II’s current facilities.
- Financing to cover operating capital needs.
- Financing capital expenditure for the installation of extra equipment.
- Repayment of some of the company’s outstanding debt, in whole or in part.
- Broader corporate objectives.
How To Apply For Saakshi Medtech And Panels Initial Public Offer?
The Saakshi Medtech and Panels IPO has an online application process that accepts payment via ASBA or UPI. In your bank account’s net banking, you can access the ASBA IPO application. Brokers who do not offer banking services will offer UPI IPO applications. Learn more about how to apply for an IPO online using Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.