Saakshi Medtech and Panels is set to launch an IPO which will open on September 25, 2023, and close on September 27, 2023. Through this public offer company wants to raise Rs. 45.16 Crore from the primary market, Company fixed the IPO price of Rs. 97 with a minimum lot of 1200 shares, and list on October 06, according to the preliminary papers filed to the capital market regulator SEBI.
SAAKSHI MEDTECH AND PANELS is engaged in the business of manufacturing electronic equipment which includes electrical control panels, air compressors, renewal energy, medical X-ray, fabrication work for locomotives, and wire harness division, also includes design, process, engineering, testing facilities, etc. company has 3 manufacturing unit situated at Pune and atlas copco, Ge India, kisloskar are major clients of the company. Recognition certification of zero defect zero effect from MSME India.
In the fiscal year 2023, the company generated Rs. 122.90 Crore in revenue from operations, and Rs. 91.69 crore in the year 2022.
Check out the IPO allotment status on IPO Deliver.
#Saakshi Medtech and Panels IPO Object
The company proposed to use the IPO Funds for the below-mentioned purposes:
- INR 5 crore of the total net proceeds fund will be used for repayment or prepayment in full or part of the certain outstanding borrowing
- INR 25.50 crore of the total net proceeds fund will be used for working capital requirement of the company
- The rest funds will be used for general corporate purposes and offer expenses.
#Saakshi Medtech and Panels Strength
- Stable financial performance
- Engineering expertise with complex product manufacturing capability
- Experienced & Qualified management team
- Strong position in the market
- Strong long standing relationship with customers
#Saakshi Medtech and Panels Forward Statements (Risk)
- Inability to promptly identify and respond to changing preference.
- Failure to upgrade product portfolio
- Failure to comply with regulations
#Saakshi Medtech and Panels IPO Review & Rating
| Issue Size | 45.16 crore (Book built issue) |
| Issue Price | Rs. 97 per share |
| Lot size | 1200 shares |
| Market Capitalization | 171.26 crore |
| Profit – 2023 | 12.38 crore |
| Total Assets – 2023 | 93.24 crore |
| Debt/Equity ratio | 0.48 |
| NAV Value | Rs. 12,714 per share |
| Pre-offer Promoter holding | 100% |
| Listing on Stock Exchanges | NSE Emerge |
| IPO Deliver Rating | Two |
#Saakshi Medtech and Panels IPO Dates, Price Band, Lot Size & Details
Saakshi Medtech and Panels IPO is open on September 25, 2023, and closes on September 27, 2023. The IPO list on October 06, 2023.
| Type of issue | Fresh issue |
| Issue Size | Rs.45.16 Crore |
| Price band | Rs. 56-59 per share |
| Lot size | 1200 equity shares |
| Face Value | Rs. 10 each equity share |
| IPO Open | September 25, 2023 |
| IPO Close | September 27, 2023 |
| IPO Allotment Date | September 03, 2023 |
| Refund Date | September 04, 2023 |
| Listing Date | October 06, 2023 |
| Fresh Issue | Rs. 45.16 Crore (46,56,000 equity share) |
#Saakshi Medtech and Panels Financials Review (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022 & 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021
|
| Total Revenue | 12,290.19 | 9,169.35 | 6,022.17 |
| Net worth | 3,964.07 | 2,725.77 | 1,788.17 |
| Profit after Tax (PAT) | 1,238.30 | 937 | 220.08 |
| Total Borrowings
|
2,007.45 | 1,635.78 | 2,199.44 |
#Saakshi Medtech and Panels IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022 & 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Basic EPS | 9.53 | 7.21 | 1.69 |
| Diluted EPS | 9.53 | 7.21 | 1.69 |
| RoNW | 29.32 | 31.04 | 10.75 |
| NAV | 32.49 | 22.97 | 15.76 |
#Saakshi Medtech and Panels IPO Industry peers
There is no same segment company available in the market.
| Company | EPS | P/E Ratio | RoNW | NAV |
| N/A | N/A | N/A | N/A | N/A |
# Saakshi Medtech and Panels Company Promoter
The company has two Promoters
- Aniket Vijay Latkar
- Chitra Vijay Latkar
- Pre-offer shareholding: 95.00% (1,23,50,000 equity shares)
- The average cost of acquisition for promoter: Rs. 0 – 0.02 per share.
# Saakshi Medtech and Panels IPO Pre-offer and Post-Offer Promoters shareholding
Pre-offer promoter & promoter group shareholding 100%
Post-offer promoter & promoter group shareholding 73.63%
# Saakshi Medtech and Panels IPO Reservation
Market Makers reservation 2,35,200 equity shares.
Retail investor (QIB): Not more than 50% of the offer size i.e. 22,09,200 equity shares.
NII: Not more than 15% of the offer size i.e. 6,63,600 equity shares
RII: Not less than 35% of the offer size i.e 15,48,000 equity shares
# Saakshi Medtech and Panels IPO – DRHP & RHP
Draft Red Herring Prospectus (DRHP) – Click to view/download
Red Herring Prospectus (RHP) – Click to view/download
# Saakshi Medtech and Panels IPO Registrar
Bigshare Services Private Limited
Tel: +91 2262638200 and Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
# Hem Securitites Limited
Tel No.: +91 22049060000 and Email: ib@hemsecurities.com
Website: www.hemsecurtities.com
#Saakshi Medtech and Panels IPO Application
Option-1 Apply for IPO through Internet Banking
- Log into your bank account.
- In the invest Tab, you will see ASBA, click on it.
- Choose to apply for IPO and select the ongoing IPO “Saakshi Medtech and Panels Limited”
- Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
- After the above steps the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker
- Log into your broker account (Upstox/Zerodha etc.)
- Click on the IPO tab and select the ongoing IPO “Saakshi Medtech and Panels Limited”
- Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
- Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or get refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
- Visit the nearest branch of your bank
- Fill out the ASBA form and submit it with KYC details
- Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
# Saakshi Medtech and Panels Company Details
Saakshi Medtech and Panels Limited (Established 2009)
Regd. Off: EL-23, J Block, MIDC Industries Area, Bhosari, Pune-411026
Tel. No: +91- 02039854400 & Email: info@smtpl.com
Website: www.smtpl.com
Investor Grievances/Compliance Officer: Mrs. Shweta Pursnani
Subsidiary Companies: No
# Saakshi Medtech and Panels Company Board (Top 2)
Mr. Aniket Vijay Latkar, Chairman & Managing Director
Mrs. Chitra Vijay Latkar, Non-Executive Director
# Saakshi Medtech and Panels IPO – Frequently Asked Questions (FAQ’s)
Q-1 what is Saakshi Medtech and Panels IPO Open date?
Ans: Saakshi Medtech and Panels IPO opening date is September 25 – September 27, 2023.
Q-2 what is Saakshi Medtech and Panels IPO Close date?
Ans: Saakshi Medtech and Panels IPO closing date is September 27, 2023
Q-3 What is Saakshi Medtech and Panels IPO Listing date?
Ans: Saakshi Medtech and Panels IPO listing date is October 06, 2023
Q-4 What is Saakshi Medtech and Panels IPO Minimum investment amount?
Ans: Saakshi Medtech and Panels IPO minimum investment amount is Rs. 1,16,400.
Q-5 What is Saakshi Medtech and Panels IPO offer issue Size?
Ans: Saakshi Medtech and Panels offer an issue size of Rs. 45.16 crores, which comprise fresh issue.
Q-6 What is Saakshi Medtech and Panels IPO Price 92-97 per share.
Q-7 Is any similar segment/sector listed company in India?
Ans: No
Q-8 Is Saakshi Medtech and Panels IPO mainboard IPO or SME IPO?
Ans: Saakshi Medtech and Panels IPO is the SME IPO.
Q-9 Saakshi Medtech and Panels IPO Rating by IPO Deliver Team?
Ans: Two Rating
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