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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 ₹97.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,10,400 (1200 shares). The minimum lot size investment for 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 Date | September 25, 2023 to September 27, 2023 |
| Listing Date | October 3, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹92 to ₹97 per share |
| Issue Price Final | ₹97 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 46,56,000 shares (aggregating up to ₹45.16 Cr) |
| Reserved for Market Maker | 2,35,200 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹2.28 Cr) |
| Net Offered to Public | 44,20,800 shares (aggregating up to ₹42.88 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,30,00,000 shares |
| Share Holding Post Issue | 1,76,56,000 shares |
Saakshi Medtech and Panels IPO offers total 46,56,000 shares. Out of which 22,09,200 (47.45%) allocated to QIB, 8,84,400 (18.99%) allocated to QIB, 6,63,600 (14.25%) allocated to NII, 15,48,000 (33.25%) allocated to RII and 13,24,800 (28.45%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,35,200 (5.05%) |
| QIB Shares Offered | 22,09,200 (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 (14.25%) |
| Retail Shares Offered | 15,48,000 (33.25%) |
| Total Shares Offered | 46,56,000 (100.00%) |
Saakshi Medtech IPO raises ₹12.85 crore from anchor investors. Saakshi Medtech IPO Anchor bid date is September 22, 2023. Saakshi Medtech IPO Anchor Investors list
| Bid Date | September 22, 2023 |
| Shares Offered | 13,24,800 |
| Anchor Portion Size (In Cr.) | 12.85 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 2, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 1, 2024 |
Saakshi Medtech IPO opens on September 25, 2023, and closes on September 27, 2023.
| IPO Open Date | Mon, Sep 25, 2023 |
| IPO Close Date | Wed, Sep 27, 2023 |
| Tentative Allotment | Tue, Oct 3, 2023 |
| Initiation of Refunds | Wed, Oct 4, 2023 |
| Credit of Shares to Demat | Thu, Oct 5, 2023 |
| Tentative Listing Date | Tue, Oct 3, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 27, 2023 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 5,591.50 | 6,521.91 | 9,324.22 |
| Total Income | 6,022.17 | 9,169.35 | 12,220.19 |
| Profit After Tax | 220.08 | 937.59 | 1,238.30 |
| Net Worth | 2,048.17 | 2,985.77 | 4,224.07 |
| Reserves and Surplus | 1,788.17 | 2,725.77 | 3,964.07 |
| Total Borrowing | 2,199.44 | 1,635.78 | 2,007.45 |
The market capitalization of Saakshi Medtech IPO is ₹171.26 Cr.
| KPI | Values |
|---|---|
| ROE | 34.35% |
| ROCE | 28.57% |
| Debt/Equity | 0.48 |
| RoNW | 29.32% |
The Net Proceeds are proposed to be used in accordance with the details as set forth below:
[Dilip Davda] The company is in the business of manufacturing electrical control panels, cabinets, medical equipment, etc. It marked steady growth in the top lines for the last three fiscals and was able to post over 10% net margins for the last two fiscals. Based on FY23 earnings, the issue appears reasonably priced. Investors may park funds for short to long-term rewards. Read detail review...
| Listing Date | October 3, 2023 |
| BSE Script Code | |
| NSE Symbol | SAAKSHI |
| ISIN | INE0PSK01027 |
| Final Issue Price | ₹97 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹97.00 |
| Open | ₹146.00 |
| Low | ₹146.00 |
| High | ₹153.30 |
| Last Trade | ₹153.30 |
Saakshi Medtech & Panels Ltd.
Plot No. EL-23, J Block,
MIDC Industrial Area,
Bhosari,
Pune, Maharashtra, 411026
Phone: +91- 02039854400
Email: info@smtpl.co
Website: https://www.smtpl.co/index.html
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Saakshi Medtech IPO is a SME IPO of 46,56,000 equity shares of the face value of ₹10 aggregating up to ₹45.16 Crores. The issue is priced at ₹97 per share. The minimum order quantity is 1200.
The IPO opens on September 25, 2023, and closes on September 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 September 25, 2023 and closes on September 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 Thursday, October 5, 2023. Check the Saakshi Medtech IPO allotment status.
The Saakshi Medtech IPO listing date is on Tuesday, October 3, 2023.
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