Saakshi Medtech and Panels IPO Details: The scheduled date for Saakshi Medtech and Panels IPO has been confirmed. The IPO is set to enter the market on September 25th and conclude on September 27th. The company aims to gather approximately ₹45.16 crores through this IPO. This sum includes a fresh issue of ₹45.16 crores via 4656000 shares, each valued at ₹10. The retail quota is 35%, while QIB is 50% and HNI is 15%. Price band is Rs. 92 to Rs. 97 and market lot is 1200 shares.
What is Saakshi Medtech and Panels IPO?
Saakshi Medtech and Panels IPO is a small and medium enterprise (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.
Saakshi Medtech and Panels is a company that designs, programs, and assembles electrical control panels and cabinets comprising microcontrollers, programmable logic controllers, and supervisory control and data acquisition (SCADA) systems. The company’s products are used in a variety of industries, including pharmaceuticals, food and beverage, textiles, and engineering.
The IPO is expected to open for subscription on September 25, 2023 and close on September 27, 2023. The shares are proposed to be listed on the NSE SME exchange.
The company plans to use the proceeds from the IPO to fund capital expenditure towards civil construction work in the existing premises of factory unit II, repay certain of the company’s outstanding borrowings, fund capital expenditure towards the installation of additional plant and machinery, fund to meet working capital requirements, and for general corporate purposes.
Objectives of Saakshi Medtech & Panels IPO
The objectives of the Saakshi Medtech and Panels IPO are as follows:
- To fund capital expenditure towards civil construction work in the existing premises of factory unit II.
- To repay in full or in part, of certain of the company’s outstanding borrowings.
- To fund capital expenditure towards the installation of additional plant and machinery.
- To fund to meet working capital requirements.
- For general corporate purposes.
The company plans to use the proceeds from the IPO to expand its manufacturing capacity, reduce its debt burden, and meet its working capital requirements. This will help the company to grow its business and improve its financial performance in the long term.
Saakshi Medtech and Panels IPO Date & Price Band Details
| IPO Open: | September 25, 2023 |
| IPO Close: | September 27, 2023 |
| IPO Size: | Approx ₹45.16 Crores, 4,656,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹92 to ₹97 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
Saakshi Medtech and Panels IPO Market Lot
The Saakshi Medtech and Panels IPO minimum market lot is 1200 shares with a ₹116,400 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹116,400 |
| Retail Maximum | 1 | 1200 | ₹116,400 |
| S-HNI Minimum | 2 | 2400 | ₹232,800 |
Saakshi Medtech and Panels IPO Dates
The Saakshi Medtech and Panels IPO date is September 25 and the IPO close date is September 27. The IPO allotment date is October 3 and the IPO might list on October 6.
| IPO Open Date: | September 25, 2023 |
| IPO Close Date: | September 27, 2023 |
| Basis of Allotment: | October 3, 2023 |
| Refunds: | October 4, 2023 |
| Credit to Demat Account: | October 5, 2023 |
| IPO Listing Date: | October 6, 2023 |
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Saakshi Medtech and Panels IPO Subscription Status
For the latest update on the Saakshi Medtech and Panels IPO, you can check this dedicated page for IPO subscription status.
Saakshi Medtech and Panels IPO Allotment Status
For the latest update on the Saakshi Medtech and Panels IPO, you can check this dedicated page for IPO allotment status.
Saakshi Medtech and Panels IPO Forms
For IPO form for the Saakshi Medtech and Panels IPO, you can check this dedicated page for IPO Forms.
Saakshi Medtech and Panels Company Financials
Saakshi Medtech and Panels is a private company, and hence its financial statements are not publicly available. However, according to Tofler, Saakshi Medtech and Panels’ operating revenues range is INR 1 cr – 100 cr for the financial year ending on 31 March, 2022. Its EBITDA has increased by 161.62 % over the previous year, and its book networth has increased by 48.36 %.
These limited financials suggest that Saakshi Medtech and Panels is a growing company with a strong financial performance. However, it is important to note that the company is still in its early stages of growth, and it is important to carefully assess its risks and potential before investing in its IPO.
Some of the key risks associated with investing in Saakshi Medtech and Panels IPO include:
- The company is still in its early stages of growth, and it may not be able to sustain its current growth rate in the future.
- The company faces competition from a number of established players in the industry.
- The company’s financial performance is sensitive to the overall economic conditions.
Saakshi Medtech and Panels IPO Pros & Cons
Pros:
- The company is operating in a growing industry with a large addressable market.
- The company has a strong track record of growth and profitability.
- The company’s IPO is priced at a reasonable valuation.
- The company plans to use the proceeds from the IPO to fund growth initiatives.
Cons:
- The company is still in its early stages of growth and may not be able to sustain its current growth rate in the future.
- The company faces competition from a number of established players in the industry.
- The company’s financial performance is sensitive to the overall economic conditions.
- The company is not well-known to investors, and its IPO may not be well-subscribed.
Overall, Saakshi Medtech and Panels is a company with a strong growth potential. However, it is important to note that the company is still in its early stages of growth and faces a number of risks. Investors should carefully consider these risks and their own investment objectives before investing in the company’s IPO.
| Feature | Pros | Cons |
|---|---|---|
| Industry | Growing | Early stages of growth |
| Financials | Strong track record | Faces competition |
| Valuation | Reasonable | Sensitive to economic conditions |
| Use of proceeds | Growth | Not well-known |
Company Promoters
- Mr. Aniket Vijay Latkar
- Ms. Chitra Vijay Latkar
Saakshi Medtech and Panels IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Address
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
Saakshi Medtech and Panels IPO FAQs
To apply for the Saakshi Medtech and Panels IPO, you can either use the ASBA (Application Supported by Blocked Amount) facility provided by your bank or use the UPI (Unified Payments Interface) facility provided by your broker.
To apply using ASBA:
Log in to your net banking account.
Go to the IPO section.
Select the Saakshi Medtech and Panels IPO.
Enter the number of shares you want to apply for and the price you are willing to pay.
Enter your bank account details and PAN number.
Review and submit your application.
To apply using UPI:
Log in to your broker’s website or mobile app.
Go to the IPO section.
Select the Saakshi Medtech and Panels IPO.
Enter the number of shares you want to apply for and the price you are willing to pay.
Enter your UPI ID.
Review and submit your application.
Note:
You must have a demat account to apply for the IPO.
You can only apply for the IPO during the subscription period.
You can only apply for the IPO once.
If you are applying for the IPO using ASBA, your bank will block the funds in your account until the allotment of shares. If you are allotted shares, the funds will be debited from your account. If you are not allotted shares, the funds will be unblocked.
If you are applying for the IPO using UPI, the funds will be debited from your account only if you are allotted shares.
Saakshi Medtech and Panels IPO has been confirmed. The IPO is set to enter the market on September 25th and conclude on September 27th.
The IPO will open on 25th September 2023.