Saakshi Medtech & Panels Ltd

Capital Goods - Electrical Equipment

Offer Period :

25th to 9th Sep 2023

Established in 2001, Saakshi Medtech and Panels Pvt. Ltd. specializes in designing and assembling Electrical Control Panels, Medical X-ray systems, locomotive fabrication, and wire harnesses. With three units in Pune, Read more... it received accolades for its performance and recorded revenues of Rs. 8,723.00 Lacs in December 2022.Read less

Saakshi Medtech & Panels Ltd IPO Details

IPO Date 25th to 9th Sep 2023 Minimum Investment ₹116400 / 1 Lots
Listing Date 2023-10-03 Maximum Investment ₹116400 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹45.16 Crores
Price ₹97 to ₹97 per share Fresh Issue ₹45.16 Crores
Lot Size 1 Lots (1200 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 25th to 9th Sep 2023
Listing Date 2023-10-03
Face Value ₹10 per share
Price ₹97 to ₹97 per share
Lot Size 1 Lots (1200 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹116400 / 1 Lots
Maximum Investment ₹116400 / 1 Lots
Total Issue Size ₹45.16 Crores
Fresh Issue ₹45.16 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

25th Sep

IPO Starts

27th Sep

IPO Ends

4th Oct

Allotment Date

5th Oct

Initiation of Refund

6th Oct

Credit of Shares to Demat Account

3rd Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 95 69.95
Public Group 5 30.05

Saakshi Medtech & Panels Ltd IPO Reservation

QIB Shares Offered 2209200(47.45%)
NII (HNI) Shares Offered 663600(14.25%)
Retail Shares Offered 1548000(33.25%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 4656000
Total Shares With Anchor Investor 4656000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Saakshi Medtech & Panels Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 022 6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Saakshi Medtech & Panels Ltd IPO Lead Manager

1. Hem Securities Ltd

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Saakshi Medtech & Panels Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Saakshi Medtech & Panels Ltd

1. The Company offers a diversified range of products.

2. Engineering expertise with complex product manufacturing capability.

3. Long term and well-established relationships with OEM customers.

4. Quality Assurance.

5. Experienced and Qualified Management and Employee base.

6. Stable financial performance.

Risks Involved

1. The company's business is dependent on the sale of the products to certain key customers. The loss of any of these customers or loss of revenue from sales to these customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.

2. Pricing pressure from the customers may adversely affect the company gross margin, profitability and ability to increase of the prices, which may in turn have a material adverse effect on its results of operations and financial condition.

3. The company is significantly dependent on the sale of Electrical Control Panels and Cabinets. An inability to anticipate or adapt to evolving up gradation of the required products or inability to ensure product quality or reduction in the demand of these products may adversely impact its revenue from operations and growth prospects.

4. The company is subject to strict quality requirements, customer inspections and audits, and any failure to comply with quality standards may lead to cancellation of existing and future orders and could negatively impact its reputation and the company business and results of operations and future prospects.

5. The company may be subject to risks associated with product warranty.

6. The company's business is dependent on its manufacturing facilities and its subject to certain risks in the manufacturing process. Obsolescence, destruction, theft, breakdowns of the major plants or machineries or failures to repair or maintain the same or Technology failures or Cyber-attacks or other security breaches could have a material adverse effect on the business, results of operation or financial condition may affect the company business, cash flows, financial condition and results of operations.

7. Inventories and trade receivables form a major part of the current assets. Failure to manage its inventory and trade receivables could have an adverse effect on the company sales, profitability, cash flow and liquidity.

8. The company's manufacturing activities require deployment of labour and depend on availability of labour. In case of unavailability of such labour, its business operations could be affected.

9. The company depends on the technical expertise and R&D initiatives to develop new products and/or improve the existing products and if its unable to keep the technical knowledge and process know-how confidential or if the company R&D initiatives do not succeed, Its may suffer loss of the ompetitive advantage.

10. There are certain discrepancies/errors noticed in some of the corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 1956/ 2013. Moreover its unable to trace some of the historical records. Any penalty or action taken by any regulatory authorities in future, for non- compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Saakshi Medtech & Panels Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-10-03 91668 SAAKSHI
INE0PSK01027
₹97 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹97 ₹97
Open ₹0 ₹146
Low ₹0 ₹146
High ₹0 ₹153.3
Low ₹0 ₹146

Frequently Asked Questions

What is Saakshi Medtech & Panels Ltd IPO?

Answer Field

Saakshi Medtech & Panels Ltd IPO is a SME IPO of 46,56,000 equity shares of a face value of ₹10 aggregating up to ₹45.16 Crores. The issue is priced at ₹97 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.

When Saakshi Medtech & Panels Ltd IPO will open?

Answer Field

The Saakshi Medtech & Panels Ltd IPO opens on September 25, 2023 and closes on September 27, 2023.

What is the lot size of Saakshi Medtech & Panels Ltd?

Answer Field

Saakshi Medtech & Panels Ltd lot size is 1200 shares, and the minimum amount required is ₹1,16,400.

How to apply for Saakshi Medtech & Panels Ltd IPO?

Answer Field

You can apply in Saakshi Medtech & Panels Ltd 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Saakshi Medtech & Panels Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Saakshi Medtech & Panels Ltd IPO will be done on October 04, 2023, and the allotted shares will be credited to your demat account by October 06, 2023.

When is Saakshi Medtech & Panels Ltd IPO listing date?

Answer Field

The Saakshi Medtech & Panels Ltd listing date is October 03, 2023.

Who is the registrar of Saakshi Medtech & Panels Ltd IPO?

Answer Field

The registrar of Saakshi Medtech & Panels Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Hem Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Saakshi Medtech & Panels Ltd IPO?

Answer Field

The fresh issue size is ₹45.16 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Saakshi Medtech & Panels Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹1,16,400 amount.

How can I approve the UPI mandate request for Saakshi Medtech & Panels Ltd IPO?

Answer Field

To apply for Saakshi Medtech & Panels Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Saakshi Medtech & Panels Ltd?

Answer Field

The price of each Saakshi Medtech & Panels Ltd share will be ranging in between ₹97 to ₹97 per share.

What is the cut-off time for the UPI mandate for Saakshi Medtech & Panels Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 27, 2023.

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