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Saakshi Medtech and Panels IPO is a book built issue of Rs 45.16 crores. The issue is entirely a fresh issue of 46.56 lakh shares.
Saakshi Medtech and Panels IPO bidding started from September 25, 2023 and ended on September 27, 2023. The allotment for Saakshi Medtech and Panels IPO was finalized on Tuesday, October 3, 2023. The shares got listed on NSE SME on October 3, 2023.
Saakshi Medtech and Panels IPO price band is set at ₹92 to ₹97 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹116,400. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹232,800.
Hem Securities Limited is the book running lead manager of the Saakshi Medtech and Panels IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Saakshi Medtech and Panels IPO is Hem Finlease.
Refer to Saakshi Medtech and Panels IPO RHP for detailed information.
| IPO Date | September 25, 2023 to September 27, 2023 |
| Listing Date | October 3, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹92 to ₹97 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 4,656,000 shares (aggregating up to ₹45.16 Cr) |
| Fresh Issue | 4,656,000 shares (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 |
| Market Maker portion | 235,200 shares Hem Finlease |
Saakshi Medtech and Panels IPO offers 4,656,000 shares. 884,400 (18.99%) to QIB, 663,600 (14.25%) to NII, 1,548,000 (33.25%) to RII 1,324,800 (28.45%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,324,800 (28.45%) |
| Market Maker Shares Offered | 235,200 (5.05%) |
| QIB Shares Offered | 884,400 (18.99%) |
| NII (HNI) Shares Offered | 663,600 (14.25%) |
| Retail Shares Offered | 1,548,000 (33.25%) |
| Total Shares Offered | 4,656,000 (100%) |
Saakshi Medtech and Panels IPO raises Rs 12.85 crore from anchor investors. Saakshi Medtech and Panels IPO Anchor bid date is September 22, 2023. Saakshi Medtech and Panels IPO Anchor Investors list
| Bid Date | September 22, 2023 |
| Shares Offered | 1,324,800 |
| Anchor Portion Size (In Cr.) | 12.85 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 2, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 1, 2024 |
Saakshi Medtech and Panels IPO opens on September 25, 2023, and closes on September 27, 2023.
| IPO Open Date | Monday, September 25, 2023 |
| IPO Close Date | Wednesday, September 27, 2023 |
| Basis of Allotment | Tuesday, October 3, 2023 |
| Initiation of Refunds | Wednesday, October 4, 2023 |
| Credit of Shares to Demat | Thursday, October 5, 2023 |
| Listing Date | Tuesday, October 3, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2023 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹116,400 |
| Retail (Max) | 1 | 1200 | ₹116,400 |
| HNI (Min) | 2 | 2,400 | ₹232,800 |
| Lot Size Calculator | |||
Mr. Aniket Vijay Latkar and Ms. Chitra Vijay Latkar are the company's promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.63% |
Incorporated in 2001, 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:
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.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 5,591.50 | 6,521.91 | 9,324.22 |
| Revenue | 6,022.17 | 9,169.35 | 12,220.19 |
| Profit After Tax | 220.08 | 937.59 | 1,238.30 |
| Net Worth | 2,048.17 | 2,985.77 | 4,224.07 |
| Reserves and Surplus | 1,788.17 | 2,725.77 | 3,964.07 |
| Total Borrowing | 2,199.44 | 1,635.78 | 2,007.45 |
The market capitalization of Saakshi Medtech and Panels IPO is Rs 171.26 Cr.
| KPI | Values |
|---|---|
| ROE | 34.35% |
| ROCE | 28.57% |
| Debt/Equity | 0.48 |
| RoNW | 29.32% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.53 | |
| P/E (x) | 10.18 | 13.84 |
The Net Proceeds are proposed to be used in accordance with the details as set forth below:
[Dilip Davda] The company is in the business of manufacturing electrical control panels, cabinets, medical equipment, etc. It marked steady growth in the top lines for the last three fiscals and was able to post over 10% net margins for the last two fiscals. Based on FY23 earnings, the issue appears reasonably priced. Investors may park funds for short to long-term rewards. Read detail review...
The Saakshi Medtech and Panels IPO is subscribed 91.65 times on September 27, 2023 7:29:00 PM. The public issue subscribed 75.88 times in the retail category, 37.35 times in the QIB category, and 200.78 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 37.35 |
| NII | 200.78 |
| Retail | 75.88 |
| Total | 91.65 |
Total Application : 97,885 (75.88 times)
| Listing Date | October 3, 2023 |
| BSE Script Code | |
| NSE Symbol | SAAKSHI |
| ISIN | INE0PSK01027 |
| Final Issue Price | ₹97 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹97.00 |
| ₹146.00 |
| ₹146.00 |
| ₹153.30 |
| ₹153.30 |
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/index.html
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Saakshi Medtech and Panels IPO is a SME IPO of 4,656,000 equity shares of the face value of ₹10 aggregating up to ₹45.16 Crores. The issue is priced at ₹92 to ₹97 per share. The minimum order quantity is 1200 Shares.
The IPO opens on September 25, 2023, and closes on September 27, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Saakshi Medtech and Panels IPO using UPI as a payment gateway. Zerodha customers can apply in Saakshi Medtech and Panels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Saakshi Medtech and Panels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Saakshi Medtech and Panels IPO opens on September 25, 2023 and closes on September 27, 2023.
Saakshi Medtech and Panels IPO lot size is 1200 Shares, and the minimum amount required is ₹116,400.
You can apply in Saakshi Medtech and Panels IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Saakshi Medtech and Panels IPO will be done on Tuesday, October 3, 2023, and the allotted shares will be credited to your demat account by Thursday, October 5, 2023. Check the Saakshi Medtech and Panels IPO allotment status.
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