Saakshi Medtech IPO GMP, Review, Price, Allotment


Last updated on October 3, 2023

Saakshi Medtech IPO GMP

Saakshi Medtech IPO description – Incorporated in 2009, Saakshi Medtech and Panels is a diversified company engaged in manufacturing of i) Electrical Control Panels and Cabinets used in elevators, air compressors, renewal energy industry, oil & gas exploration industry, electric vehicle charging stations etc, ii) Medical X-Ray System used in healthcare industry iii) Fabrication works for locomotives and (iv) wire harness division for our captive consumption in electrical control panels and for supply to air compressor industry.

The company operates through three manufacturing facilities situated in Pune with a total built-up area of approx. 9600 sq mtr. Further, it testing laboratory situated at factory Unit 1 is accredited by the National Accreditation Board for Testing and Calibration Laboratories (“NABL”), which helps to ensure an additional quality check. The R&D operations are supported by a team of 37 engineers as of 31 March 2023.

Saakshi Medtech and Panels

Promoters of Saakshi MedtechAniket Vijay Latkar and Chitra Vijay Latkar

Saakshi Medtech IPO Details

Saakshi Medtech IPO Dates25 – 27 September 2023
Saakshi Medtech Issue PriceINR 92 – 97 per share
Fresh issue46,56,200 shares (INR 42.84 – 45.16 crore)
Offer For SaleNIL
Total IPO size46,56,200 shares (INR 42.84 – 45.16 crore)
Minimum bid (lot size)1,200 shares (INR 116,400)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE SME

Saakshi Medtech Financial Performance

 FY 2021FY 2022FY 2023
Net income2.209.3812.38
Figures in INR crores unless specified otherwise

Saakshi Medtech Offer News

Saakshi Medtech Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio9.65 – 10.18
RONW (%)10.7531.4029.32
ROCE (%)10.5630.1028.57
EBITDA (%)9.5916.9516.64
Debt/Equity 1.070.550.48
*Compiled by IPO Central from Prospectus

Saakshi Medtech IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
2 October 20232521,000
30 September 20232525,000
29 September 20232525,000
28 September 20232730,000
27 September 20232725,000
26 September 20233028,000
25 September 20233028,000
23 September 20232825,000
22 September 20232527,000

Saakshi Medtech IPO Subscription – Live Updates

Shares Offered884,400898,8001,548,0003,331,200
27 Sep 202337.35148.5075.8885.24
26 Sep 20232.013.9312.517.41
25 Sep 20232.000.942.421.91

Saakshi Medtech IPO Allotment Status

Saakshi Medtech IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

Saakshi Medtech IPO Dates & Listing Performance

IPO Opening Date25 September 2023
IPO Closing Date27 September 2023
Finalization of Basis of Allotment29 September 2023
Initiation of refunds29 September 2023
Transfer of shares to demat accounts3 October 2023
IPO Listing Date3 October 2023
Opening Price on NSE SMEINR 146 per share (up 50.52%)
Closing Price on NSE SMEINR 153.30 per share (up 58.04%)

Saakshi Medtech Offer Lead Manager

904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, Maharashtra
Phone: +91- 022- 49060000
Email[email protected]

Saakshi Medtech Offer Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  [email protected]

Saakshi Medtech Contact Details

Plot No. EL-23, J Block, MIDC Industrial Area,
Bhosari, Pune- 411026, Maharashtra, India
Phone: +91- 02039854400
E-mail: [email protected]


What is Saakshi Medtech Issue offer size?

Saakshi Medtech offer size is INR 42.84 – 45.16 crores.

What is the Saakshi Medtech offer price band?

Saakshi Medtech public offer price is INR 92 – 97 per share.

What is the lot size of Saakshi Medtech public offer?

Saakshi Medtech offer lot size is 1,600 shares.

What is Saakshi Medtech IPO GMP today?

Saakshi Medtech IPO GMP today is INR 25 per share.

What is Saakshi Medtech kostak rate today?

The Saakshi Medtech kostak rate today is INR NA per application.

What is Saakshi Medtech Subject to Sauda rate today?

Saakshi Medtech Subject to Sauda rate today is INR 21,000 per application.


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