Bookbuilding IPO | ₹45 Cr | Listed at NSE SME | Mon, Sep 25, 2023 - Wed, Sep 27, 2023
Saakshi Medtech IPO is a book build issue of ₹45.16 crores. The issue is entirely a fresh issue of 0.47 crore shares of ₹45.16 crore.
Saakshi Medtech IPO bidding started from Sep 25, 2023 and ended on Sep 27, 2023. The allotment for Saakshi Medtech IPO was finalized on Oct 3, 2023. The shares got listed on NSE SME on Oct 3, 2023.
Saakshi Medtech IPO price band is set at ₹97 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,16,400 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,32,800.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Saakshi Medtech IPO RHP for detailed Information.
IPO Open
Mon, Sep 25, 2023
IPO Close
Wed, Sep 27, 2023
Issue Price
₹97 per share
Market Cap (Pre-IPO)
₹171.26 Cr
| IPO Date | 25 to 27 Sep, 2023 |
| Listed on | Tue, Oct 3, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹92 to ₹97 |
| Issue Price | ₹97 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 46,56,000 shares (agg. up to ₹45 Cr) |
| Reserved for Market Maker | 2,35,200 shares Hem Finlease Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 44,20,800 shares (agg. up to ₹43 Cr) |
| Net Offered to Public | 44,20,800 shares (agg. up to ₹43 Cr) |
| Share Holding Pre Issue | 1,30,00,000 shares |
| Share Holding Post Issue | 1,76,56,000 shares |
| NSE Symbol | SAAKSHI |
| ISIN | INE0PSK01027 |
Saakshi Medtech IPO comprises a total issue size of 46,56,000 shares. The net offer to the public is 44,20,800 shares, after excluding 2,35,200 shares allotted on a firm basis. Of the Net offer 22,09,200 (49.97%) are allocated to QIB, 6,63,600 (15.01%) allocated to NII 15,48,000 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 22,09,200 | 49.97% | 47.45% |
| − Anchor Investor Shares Offered | 13,24,800 | 28.45% | |
| − QIB (Ex. Anchor) Shares Offered | 8,84,400 | 18.99% | |
| NII (HNI) Shares Offered | 6,63,600 | 15.01% | 14.25% |
| Retail Shares Offered | 15,48,000 | 35.02% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,35,200 | 5.05% | |
| Total Shares Offered | 46,56,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,16,400 |
| Retail (Max) | 1 | 1,200 | ₹1,16,400 |
| HNI (Min) | 2 | 2,400 | ₹2,32,800 |
Saakshi Medtech IPO raises ₹12.85 crore from anchor investors. Saakshi Medtech IPO Anchor bid date is September 22, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Sep 22, 2023 |
| Shares Offered | 13,24,800 |
| Anchor Portion (₹ Cr.) | 12.85 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Nov 2, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Jan 1, 2024 |
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:
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.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 93.24 | 65.22 | 55.92 |
| Total Income | 122.20 | 91.69 | 60.22 |
| Profit After Tax | 12.38 | 9.38 | 2.20 |
| NET Worth | 42.24 | 29.86 | 20.48 |
| Reserves and Surplus | 39.64 | 27.26 | 17.88 |
| Total Borrowing | 20.07 | 16.36 | 21.99 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment in full or in part, of certain of our outstanding borrowings | 5.00 |
| 2 | Funding to meet working capital requirements | 25.50 |
| 3 | General Corporate Purpose | 10.18 |
| KPI | |
|---|---|
| ROE | 34.35% |
| ROCE | 28.57% |
| Debt/Equity | 0.48 |
| RoNW | 29.32% |
| PAT Margin | 10.15% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.53 | |
| P/E (x) | 10.18 | 13.84 |
| Promoter Holding | 100.00% | 73.63% |
| Market Cap | ₹171.26 Cr. |
The Saakshi Medtech and Panels IPO is subscribed 91.65 times on September 27, 2023 7:29:00 PM (Day 3). The public issue subscribed 75.88 times in the retail category, 37.35 times in the QIB category, and 200.78 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 37.35 | 8,84,400 | 3,30,31,200 |
| NII* | 200.78 | 6,63,600 | 13,32,40,800 |
| Retail | 75.88 | 15,48,000 | 11,74,62,000 |
| Total | 91.65 | 30,96,000 | 28,37,34,000 |
Total Application : 97,885
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.27 |
| 2 | Fees Payable to Registrar to the Issue | 0.03 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.36 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.07 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.03 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.05 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 3.69 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹97.00 |
| Open | ₹146.00 |
| Low | ₹146.00 |
| High | ₹153.30 |
| Last Trade | ₹153.30 |
Lead Manager Reports
Saakshi Medtech IPO is a SME IPO of 46,56,000 equity shares of the face value of ₹10 aggregating up to ₹45 Crores. The issue is priced at ₹97 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Sep 25, 2023, and closes on Wed, Sep 27, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Saakshi Medtech IPO using UPI as a payment gateway. Zerodha customers can apply in Saakshi Medtech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Saakshi Medtech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Saakshi Medtech IPO opens on Mon, Sep 25, 2023 and closes on Wed, Sep 27, 2023.
Saakshi Medtech IPO lot size is 1200, and the minimum amount required for application is ₹1,16,400.
You can apply in Saakshi Medtech IPO online using either UPI or ASBA as a 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. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Saakshi Medtech IPO will be done on Tuesday, October 3, 2023, and the allotted shares will be credited to your demat account by Thu, Oct 5, 2023. Check the Saakshi Medtech IPO allotment status.
The Saakshi Medtech IPO listing date is on Tue, Oct 3, 2023.
