September 25, 2023 - September 27, 2023

Saakshi Medtech and Panels IPO Subscription Details

Saakshi Medtech and Panels IPO Subscription Status Live

Saakshi Medtech and Panels IPO subscribed 91.65 times. The public issue subscribed 75.88 times in the retail category, 37.35 times in QIB, and 200.78 times in the NII category by September 27, 2023 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	37.35	884,400	3,30,31,200	320.40
Non-Institutional Buyers*	200.78	663,600	13,32,40,800	1,292.44
Retail Investors	75.88	1,548,000	11,74,62,000	1,139.38
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	91.65	3,096,000	28,37,34,000	2,752.22

Total Application : 97,885 (75.88 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 235,200 equity shares not included.

Saakshi Medtech and Panels IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 September 25, 2023	2.00	1.28	2.51	2.10
Day 2 September 26, 2023	2.01	4.99	12.72	8.00
Day 3 September 27, 2023	37.35	200.78	75.88	91.65

Saakshi Medtech and Panels IPO Shares Offered

Saakshi Medtech and Panels IPO is a public issue of 4,656,000 equity shares. The issue offers 1,548,000 shares to retail investors, 884,400 shares to qualified institutional buyers, and 663,600 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,324,800	12.85	28.45%
Market Maker	235,200	2.28	5.05%
QIB	884,400	8.58	18.99%
NII*	663,600	6.44	14.25%
Retail	1,548,000	15.02	33.25%
Total	4,656,000	45.16	100%

Saakshi Medtech and Panels IPO Anchor Investor Allocation

A total of 1,324,800 shares at a price of Rs 97 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	Meru Investment Fund PCC-Cell 1	206,400	97	15.58	20,020,800
2	Next Orbit Ventures Fund	103,200	97	7.79	10,010,400
3	Carnelian Structural Shift Fund	206,400	97	15.58	20,020,800
4	India-Ahead Venture Fund - Abakkus Investment Manager	154,800	97	11.68	15,015,600
5	Zinnia Global Fund PCC- Cell Dewap Fund	189,600	97	14.31	18,391,200
6	FINAVENUE GROWTH FUND	103,200	97	7.79	10,010,400
7	Negen Undiscovered Value Fund	103,200	97	7.79	10,010,400
8	Subhkam Ventures (I) Pvt Ltd	154,800	97	11.68	15,015,600
9	Matterhorn India Fund	103,200	97	7.79	10,010,400
		1,324,800		100	128,505,600

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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Saakshi Medtech and Panels IPO Subscription FAQs

The Saakshi Medtech and Panels IPO is subscribed 91.65 by September 27, 2023.