Last updated on October 3, 2023
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.
Promoters of Saakshi Medtech – Aniket Vijay Latkar and Chitra Vijay Latkar
Table of Contents
Saakshi Medtech IPO Details
| Saakshi Medtech IPO Dates | 25 – 27 September 2023 |
| Saakshi Medtech Issue Price | INR 92 – 97 per share |
| Fresh issue | 46,56,200 shares (INR 42.84 – 45.16 crore) |
| Offer For Sale | NIL |
| Total IPO size | 46,56,200 shares (INR 42.84 – 45.16 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 116,400) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Saakshi Medtech Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 59.77 | 91.58 | 122.06 |
| Expenses | 57.09 | 79.10 | 105.64 |
| Net income | 2.20 | 9.38 | 12.38 |
Saakshi Medtech Offer News
- Saakshi Medtech RHP
- Saakshi Medtech Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Saakshi Medtech Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.62 | 7.21 | 9.53 |
| PE ratio | – | – | 9.65 – 10.18 |
| RONW (%) | 10.75 | 31.40 | 29.32 |
| NAV | 15.76 | 22.97 | 32.49 |
| ROCE (%) | 10.56 | 30.10 | 28.57 |
| EBITDA (%) | 9.59 | 16.95 | 16.64 |
| Debt/Equity | 1.07 | 0.55 | 0.48 |
Saakshi Medtech IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 2 October 2023 | 25 | – | 21,000 |
| 30 September 2023 | 25 | – | 25,000 |
| 29 September 2023 | 25 | – | 25,000 |
| 28 September 2023 | 27 | – | 30,000 |
| 27 September 2023 | 27 | – | 25,000 |
| 26 September 2023 | 30 | – | 28,000 |
| 25 September 2023 | 30 | – | 28,000 |
| 23 September 2023 | 28 | – | 25,000 |
| 22 September 2023 | 25 | – | 27,000 |
Saakshi Medtech IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 884,400 | 898,800 | 1,548,000 | 3,331,200 |
| 27 Sep 2023 | 37.35 | 148.50 | 75.88 | 85.24 |
| 26 Sep 2023 | 2.01 | 3.93 | 12.51 | 7.41 |
| 25 Sep 2023 | 2.00 | 0.94 | 2.42 | 1.91 |
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 Date | 25 September 2023 |
| IPO Closing Date | 27 September 2023 |
| Finalization of Basis of Allotment | 29 September 2023 |
| Initiation of refunds | 29 September 2023 |
| Transfer of shares to demat accounts | 3 October 2023 |
| IPO Listing Date | 3 October 2023 |
| Opening Price on NSE SME | INR 146 per share (up 50.52%) |
| Closing Price on NSE SME | INR 153.30 per share (up 58.04%) |
Saakshi Medtech Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, Maharashtra
Phone: +91- 022- 49060000
Email: [email protected]
Website: www.hemsecurities.com
Saakshi Medtech Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
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]
Website: www.bigshareonline.com
Saakshi Medtech Contact Details
SAAKSHI MEDTECH AND PANELS LIMITED
Plot No. EL-23, J Block, MIDC Industrial Area,
Bhosari, Pune- 411026, Maharashtra, India
Phone: +91- 02039854400
E-mail: [email protected]
Website: www.smtpl.co
IPO FAQs
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.
