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SME IPO Status: Listed [25th Sep 2023 to 27th Sep 2023]
Saakshi Medtech And Panels Limited is launching its IPO at NSE SME. The total issue size of this SME IPO application is 4,656,000 equity shares that are 100% fresh issue. One can apply in this IPO application from 25 Sept to 27 Sept 2023. The face value of each share is Rs 10. The issue price band of this SME IPO is ranging from Rs 92 to Rs 97 per shere along with the minimum lot size for this SME IPO 1200 sheres or its multiples .
Keep visiting this website to get the updated information about IPO details of Saakshi Medtech And Panels Limited including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 25th Sep 2023 |
| SME IPO Issue Closing Date: | 27th Sep 2023 |
| SME IPO Issue Price: | ₹92.00-97.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹45.16 Cr |
| Fresh Issue: | ₹45.16 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.63% |
| Allotment Status: | Allotment Status |
| NSE Code: | SAAKSHI |
Get important updates regarding Saakshi Medtech and Panels SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 3rd Oct 2023 |
| Refunds Initiation* | 4th Oct 2023 |
| Credit of Shares to Demat* | 5th Oct 2023 |
| SME IPO Listing Date* | 3rd Oct 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹92.00-97.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹116400 |
| Min HNI Lots: | 2400 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 03-10-2023 | 97.00 | 36 | 32800 | ₹133 (37.11%) | 3-Oct-2023 10:30 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Established in 2009, Saakshi Medtech And Panels Limited is a diversified company that manufactures (i) control panels and control cabinets for elevators, air compressors, renewable energy, oil and gas exploration, electric vehicle charging stations, etc., (ii) medical X-ray systems for healthcare, (iii) manufacturing work for locomotives, and (iv) wiring harness divisions for captive use in control panels and for supply to the air compressor industry.
The Company's in-house engineering and design capabilities enable it to provide diversified products and solutions to its customers in each of the product categories in which it operates. The company's comprehensive solutions include design, process engineering, and manufacturing, including fabrication, assembly, and test facilities. Hardware components are imported or sourced from local vendors, which are then programmed and assembled at their manufacturing facilities.
The medical X-ray system they manufacture and assemble consists of an X-ray machine, imaging system, generator and mechanics. Thank you to its research and development initiatives, the company recently received a licence from the Central Drugs Standard Control Organisation (CDSCO) to manufacture medical devices for testing purposes. NABL's testing laboratory was also recently certified to test medical X-ray equipment.
| Incorporation | Sector | IPO Issue Size | Website |
| 2009 | Diversified Engineering | ₹45.16 Cr | https://www.smtpl.co/index.html |
The Net Proceeds are proposed to be used in accordance with the details as set forth below:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 884,400 (28.57%) | 663,600 (21.43%) | 1,548,000 (50%) | 3,096,000 | |
| 1 | 25th Sep 2023 19:32 | 2.00x | 1.28x | 2.51x | 2.10x |
| 2 | 26th Sep 2023 19:31 | 2.01x | 4.99x | 12.72x | 8.00x |
| 3 | 27th Sep 2023 19:31 | 37.35x | 200.78x | 75.88x | 91.65x |
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 5,591.50 | 6,521.91 | 9,324.22 |
| Revenue | 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 table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Saakshi Medtech and Panels Limited |
Last Updated on 07-Oct-2023 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Saakshi Medtech and Panels SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Saakshi Medtech and Panels SME IPO with Zerodha.
Alternate approch to apply in Saakshi Medtech and Panels SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Saakshi Medtech and Panels SME IPO Review and Important Updates
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To subscribe or apply in Saakshi Medtech and Panels SME IPO, you can use the following methods:
| Saakshi Medtech and Panels SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Saakshi Medtech and Panels SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Saakshi Medtech and Panels SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Saakshi Medtech and Panels SME IPO. Most of the Syndicate Banks provide access to apply in Saakshi Medtech and Panels IPO via ASBA process. You must have your net banking access, DP ID information to apply in Saakshi Medtech and Panels SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Saakshi Medtech and Panels SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Saakshi Medtech and Panels SME IPO Review and Important Updates
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Saakshi Medtech and Panels SME IPO is going to be list on 03-10-2023. NSE Code for Saakshi Medtech and Panels is SAAKSHI.
Other relevant questions:
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Saakshi Medtech and Panels SME IPO Allotment Date is 03-10-2023.
Other relevant questions:
Saakshi Medtech and Panels SME IPO share allotment date?Saakshi Medtech and Panels SME IPO allotment date?
