Saakshi Medtech and Panels (NSE SME)
Sep 25, 2023 - Sep 27, 2023
| Price | ₹92 - ₹97 |
| Premium | ₹36 |
|---|---|
| Lot size | 1200 |
| Allotment | Sep 29, 2023 |
| Listing | Oct 3, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 116400 | 0 |
| HNI | 2 | 2400 | 232800 | 0 |
Last updated on 27-Sep-2023 17:00:13
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 8,84,400 | 3,30,31,200 | 37.35 |
| NIB | 6,63,800 | 13,34,76,000 | 201.08 |
| RETAIL | 15,48,000 | 11,74,60,800 | 75.88 |
| Total | 30,96,200 | 28,39,68,000 | 91.72 |
| Retail Apps | 97,884 | © IPO Premium | |
Incorporated in 2001, Saakshi Medtech and Panels Private Limited is engaged in the designing, programing, and assembling of Electrical Control Panels and Cabinets comprising microcontrollers, programmable logic controllers, and SCADA systems.
The company manufactures:
- Electrical Control Panels and Cabinets used in elevators, air compressors, the renewal energy industry, the oil & gas exploration industry, electrical vehicle charging stations, etc.;
- Medical X-ray systems used in the healthcare industry;
- Fabrication works for locomotives; and
- Wire harness division for electrical control panels and for supply to the air compressor industry.
Saakshi Medtech and Panels' has three manufacturing units in Pune, Maharashtra, with a total built-up area of approx. 9600 sq mtr.
The company has been awarded the Best Delivery Performance Award for 2010 - from Atlas Copco Ltd, Pune, Best EHS Award for 2013 from Atlas Copco Ltd, Pune, Awarded by Healthcare Innovation Centre (HIC) as the NPI Development Partner Award from Philips in 2015, Recognized as Productivity Partner in MMF Strategic Business Partnership Conclave 2021 by the GE Group, and Recognition certification of Zero Defect Zero Effect from MSME India.
The company recorded Rs. 8,723.00 Lacs in revenue from operations for the period ended December 31, 2022, Rs. 9,157.78 Lacs in fiscal 2022, and Rs. 5,977.39 in fiscal 2021.
Saakshi Medtech and Panels IPO Details
| Issue Size | 4,656,000 shares (aggregating up to ₹45.16 Cr) |
| Fresh Issue | 4,656,000 shares (aggregating up to ₹45.16 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 13,000,000 |
| Share holding post issue | 17,656,000 |
| Market Maker portion | 235,200 shares Hem Finlease |
Saakshi Medtech and Panels IPO Reservation
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Company Financials
| Period | Mar 2021 | Mar 2022 | Mar 2023 |
| Assets | 5,591.50 | 6,521.91 | 9,324.22 |
| Revenue | 6,022.17 | 9,169.35 | 12,220.19 |
| Profit | 220.08 | 937.59 | 1,238.30 |
| Net Worth | 1,788.17 | 2,725.77 | 3,964.07 |
| Reserves | 1,788.17 | 2,725.77 | 3,964.07 |
| Borrowing | 2,199.44 | 1,635.78 | 2,007.45 |
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