Saakshi Medtech & Panels Ltd
Price Range
₹97
Min. Quantity
1,200
Closes on
27 September 2023
Min. investment
₹1,16,400/1,200 Shares
Saakshi Medtech & Panels Ltd IPO Timeline
Saakshi Medtech & Panels Limited was originally incorporated as a Private Limited Company with the name 'Saakshi Machine and Tools Private Limited' on March 25, 2009 with the Registrar of Companies, Pune, Maharashtra. Later, on January 27, 2012, Company took over the business of proprietorship concern of Lt. Vijay Laxman Latkar, M/s Supreme Industry. Thereafter, the name of Company was changed from 'Saakshi Machine and Tools Private Limited' to 'Saakshi Medtech and Panels Private Limited' on March 16, 2023. Subsequently, the Company got converted into a Public Limited Company and consequently the name of Company was changed to 'Saakshi Medtech and Panels Limited' vide a fresh Certificate of Incorporation dated June 06, 2023 issued by the RoC, Pune, Maharashtra.
| Event | Date |
|---|---|
| Saakshi Medtech & Panels Ltd IPO Opening Date | 25 September 2023 |
| Saakshi Medtech & Panels Ltd IPO Closing Date | 27 September 2023 |
| Basis of Allotment | 4 October 2023 |
| Initiation of Refunds | 5 October 2023 |
| Credit of Shares to Demat | 6 October 2023 |
| Saakshi Medtech & Panels Ltd IPO Listing Date | 3 October 2023 |
Saakshi Medtech & Panels Ltd IPO Details
| Saakshi Medtech & Panels Ltd IPO Date | 25 September 2023 to 27 September 2023 |
| Saakshi Medtech & Panels Ltd IPO Face Value | ₹10 per share |
| Saakshi Medtech & Panels Ltd IPO Price | ₹97 to ₹0 per share |
| Saakshi Medtech & Panels Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹45.16 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹45.16 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Aniket Vijay Latkar, Chitra Vijay Latkar |
Saakshi Medtech & Panels Ltd IPO Lot Size
The Saakshi Medtech & Panels Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,16,400).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,16,400 |
| Maximum | 1 | 1,200 | ₹1,16,400 |
- Strengths
- Risks
- Opportunities
- The Company offers a diversified range of products.
- Engineering expertise with complex product manufacturing capability.
- Long term and well-established relationships with OEM customers.
- Quality Assurance.
- Experienced and Qualified Management and Employee base.
- Stable financial performance.
Company Financials
Saakshi Medtech & Panels Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 130.68 | 122.6 | 11.31 |
| 03-2023 | 93.24 | 122.2 | 12.38 |
| 03-2022 | 65.22 | 91.69 | 9.38 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment in full or in part of certain of its outstanding borrowings
- Funding to meet working capital requirements
- General corporate purposes
Saakshi Medtech & Panels Ltd IPO Promoter Holding
| Pre Issue Share Holding | 5% |
| Post Issue Share Holding | 3.68% |
Saakshi Medtech & Panels Ltd IPO Subscription Status (Bidding Detail)
The Saakshi Medtech & Panels Ltd IPO is subscribed 60.9899 times on 27 September 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 60.9899 |
Saakshi Medtech & Panels Ltd IPO Prospectus
Saakshi Medtech & Panels Ltd IPO Listing Date
| Listing Date | 3 October 2023 |
| BSE Script | 91668 |
| NSE Symbol | SAAKSHI |
| Listing In | NSE - SME |
| ISIN | INE0PSK01027 |
| IPO Price | ₹97 |
| Face Value | ₹10 |
Company Contact Information
Plot # EL-23 J Blcok MIDCIndustrial Area Bhosari,Pune-411026
Phone: +91-020 39854400
Email: info@smtpl.co
Website: www.smtpl.co
Saakshi Medtech & Panels Ltd IPO Registrar
Saakshi Medtech & Panels Ltd IPO Lead Manager(s)
- Hem Securities Ltd
FAQ
What is the issue size of Saakshi Medtech & Panels Ltd IPO?
I have pre-applied for Saakshi Medtech & Panels Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.