Saakshi Medtech and Panels is scheduled to hit the market on September 25, 2023 and close on September 27, 2023. Saakshi Medtech and Panels plans to raise around ₹45.16 Cr through an IPO with a sale of up to 4,656,000 equity shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Established in 2001, Saakshi Medtech and Panels Private Limited specializes in the design, programming, and assembly of Electrical Control Panels and Cabinets, incorporating advanced technologies such as microcontrollers, programmable logic controllers, and SCADA systems.
The company's expertise extends to manufacturing Electrical Control Panels and Cabinets utilized in various applications, including elevators, air compressors, renewable energy, oil & gas exploration, and electrical vehicle charging stations. They also produce Medical X-ray systems for the healthcare sector, undertake fabrication works for locomotives, and operate a wire harness division serving electrical control panels and the air compressor industry. Saakshi Medtech and Panels is dedicated to providing innovative solutions across a diverse range of industries. .
Saakshi Medtech and Panels IPO Details
Saakshi Medtech and Panels IPO opens on Sept 25, 2023, and closes on Sept 27, 2023. The Listing date for Saakshi Medtech and Panels IPO is on Oct 06, 2023. The price band for IPO is ₹92 to ₹97 per share and lot size of 1200 Shares.
| IPO Date | Sept 25, 2023 to Sept 27, 2023 |
| Listing Date | Oct 06, 2023 |
| Price | ₹92 to ₹97 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹45.16 Cr |
| Face Value | ₹10 per share |
Saakshi Medtech and Panels IPO Tentative Timetable
Saakshi Medtech and Panels opening date is September 25, 2023 and close date is September 27, 2023. The IPO allotment date is October 3, 2023. The refund initiation of IPO is on October 04 2023. The credit of shares in demat account is on October 05, 2023. The listing date is on October 06, 2023.
| Event | Date |
|---|---|
| IPO Opening | Sept 25, 2023 |
| IPO Closing | Sept 27, 2023 |
| IPO Allotment Date | Oct 03, 2023 |
| Refund Initiation | Oct 04, 2023 |
| Shares Credit to Demat | Oct 05, 2023 |
| Lisiting Date | Oct 06, 2023 |
Saakshi Medtech and Panels IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹116,400).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹116,400 |
| Retail(Maximum) | 1 | 1200 | ₹116,400 |
| HNI (Minimum) | 2 | 2,400 | ₹232,800 |
Saakshi Medtech and Panels IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.63% |
Saakshi Medtech and Panels IPO Review
Saakshi Medtech and Panels Ltd. (SMPL) is a diversified company engaged in the manufacturing of electrical control panels, medical X-ray systems, fabrication works for locomotives, and wire harnesses. It appears to have a diverse product portfolio and a customer base that includes well-known companies. Here's a review of the key points related to SMPL's upcoming IPO. SMPL operates in multiple segments, including electrical control panels, medical X-ray systems, fabrication works for locomotives, and wire harnesses. This diversification can help mitigate risks associated with dependence on a single product or industry. SMPL has prominent clients, including Atlas Copco, GE India Industrial, OTIS Elevator Company, Wipro GE Healthcare, Philips India, and BPL Medical Technologies. Long-term supply agreements with clients like OTIS Elevator Company highlight its customer relationships.
The company's in-house engineering and design capabilities enable it to offer diversified products and solutions. This can be a competitive advantage in customizing products for specific client needs. SMPL's financial performance, as reflected in its revenue and net profit figures, has shown growth over the past three fiscal years. It has also maintained healthy PAT margins and return on capital employed (RoCE) margins. Based on its earnings for FY23 and post-IPO fully diluted paid-up equity capital, the IPO's price-to-earnings (P/E) ratio appears reasonable at 13.84. The price-to-book value (P/BV) is also in line with industry standards.
The market maker, Hem Finlease Pvt. Ltd., has a track record of successful listings with premiums ranging from 1.82% to 90%. This suggests a positive trend in the performance of companies it has been associated with.
Saakshi Medtech and Panels IPO Subscription Status (Bidding Details)
| Investor | Subscription |
|---|---|
| Qualified Institutions (QII) | 0 |
| Non-Institutional Buyers | 0 |
| bNII (bids above ₹10L) | 0 |
| sNII (bids below ₹10L) | 0 |
| Retail Investors(RII) | 0 |
| Employees | 0 |
| Others | 0 |
| Total | 0 |
Saakshi Medtech and Panels IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Saakshi Medtech and Panels IPO FAQs
What is Saakshi Medtech and Panels IPO?
Saakshi Medtech and Panels is issuing 4,656,000 equity shares with a face value of ₹10 each, totaling up to ₹45.16 Cr. The shares are being offered at a price of ₹92 to ₹97 each, with a minimum order quantity of 1200 Shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Saakshi Medtech and Panels IPO will open?
Saakshi Medtech and Panels will open on September 25, 2023 for QIB, NII, and Retail Investors.
When Saakshi Medtech and Panels IPO will end?
Saakshi Medtech and Panels will end on September 27, 2023.
What is Saakshi Medtech and Panels IPO Size?
Saakshi Medtech and Panels IPO size is ₹45.16 Cr.
What is Saakshi Medtech and Panels IPO Price Band?
Saakshi Medtech and Panels price band is ₹92 to ₹97.
What is the Saakshi Medtech and Panels IPO Allotment Date?
Saakshi Medtech and Panels allotment date is October 3, 2023.
What is the Saakshi Medtech and Panels IPO Listing Date?
Saakshi Medtech and Panels listing date is October 6, 2023. The IPO is to be listed on BSE and NSE.
How to Apply Saakshi Medtech and Panels IPO through Zerodha?
To apply for the IPO “Saakshi Medtech and Panels” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Saakshi Medtech and Panels IPO through Upstox?
To apply for the IPO “Saakshi Medtech and Panels” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Saakshi Medtech and Panels IPO Allotment Status?
For Saakshi Medtech and Panels IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Saakshi Medtech and Panels IPO GMP?
You can check out here: Saakshi Medtech and Panels IPO GMP