Saakshi Medtech & Panels Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

25 Sep 2023

Close Date

27 Sep 2023

Allotment

03 Oct 2023

Listing Date

03 Oct 2023

Exchange

NSE SME

Price Band

₹97

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹97

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

46,56,000 shares (aggregating up to ₹45.16 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹116,400

1 lot

Pre-IPO Holding

1,30,00,000 shares

Promoters

Post-IPO Holding

1,76,56,000 shares

Promoters

P/E (Pre)

10.18x

P/E (Post)

13.84x

EPS (Pre)

₹9.53

UPI Deadline

2023-09-27

Mandate

Anchor AllotmentSun, 24 Sep 2023

Basis of AllotmentTue, 03 Oct 2023

Refund InitiationWed, 04 Oct 2023

Demat CreditThu, 05 Oct 2023

Listing DayTue, 03 Oct 2023

UPI Mandate Deadline2023-09-27

Sale TypeFresh Capital

Net Offer to Public44,20,800 shares (aggregating up to ₹42.88 Cr)

Market Maker Quota2,35,200 shares (aggregating up to ₹2.28 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Saakshi Medtech & Panels Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 27 Sep 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	235,200	—	₹2.28
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,656,000	100%	₹45.16

IPO Shares Offered

Saakshi Medtech & Panels Ltd IPO total issue size: ₹45.16 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	235,200	₹2.28	5.05%
Total	4,656,000	₹45.16	100.00%

* Based on upper price band ₹97 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹97.00

Upper Band

Min Investment

₹116,400

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹232,800
Retail (Max — 13 Lots)	13	15,600	₹1,513,200
S-HNI (Min — 14 Lots)	14	16,800	₹1,629,600
B-HNI (Min — 68 Lots)	68	81,600	₹7,915,200

* Issue Price ₹97 × Lot Size 1,200 shares

IPO Schedule

Anchor

24 Sep 2023

✓ Done

IPO Open

25 Sep 2023

✓ Done

IPO Close

27 Sep 2023

✓ Done

Allotment

03 Oct 2023

✓ Done

Refunds

04 Oct 2023

✓ Done

Demat Credit

05 Oct 2023

✓ Done

Listing Day

03 Oct 2023

✓ Done

₹97.00

INR · NSE

Fetching…

vs Issue Price

—

OPEN

—

HIGH

—

LOW

—

MKT CAP

—

P/E

—

52W HIGH

—

52W LOW

—

VOLUME

—

DIVIDEND

—

DIV YIELD

—

Loading…

Chart Not Available

Try again 2–3 days after listing.

Issue ₹97.00 Live Price

About Saakshi Medtech & Panels Ltd

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:Electrical Control Panels and Cabinets used in elevators, air compressors, the renewal energy industry, the oil & gas exploration industry, electrical vehicle charging stations, etc.;Medical X-ray systems used in the healthcare industry;Fabrication works for locomotives; andWire harness division for electrical control panels and for supply to the air compressor industry.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.

Objects of the Issue

Repayment in full or in part, of certain of our outstanding borrowings

Funding to meet working capital requirements

General Corporate Purpose

Saakshi Medtech & Panels Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹6,022.2

31 Mar 2021

₹9,169.4

31 Mar 2022

₹12,220.2

31 Mar 2023

Profit After Tax (PAT)

₹220.1

31 Mar 2021

₹937.6

31 Mar 2022

₹1,238.3

31 Mar 2023

Particulars	31 Mar 2023	31 Mar 2022	31 Mar 2021
Revenue from Operations	12220.19	9169.35	6022.17
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	1238.30	937.59	220.08
Net Worth	4224.07	2985.77	2048.17
Total Assets	9324.22	6521.91	5591.50
Reserves & Surplus	3964.07	2725.77	1788.17
Borrowings	2007.45	1635.78	2199.44
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

34.35%

RoCE

28.57%

RoNW

29.32%

Debt/Equity

0.48

Issue Structure & Shareholding

Total Shares Offered46,56,000 (100.00%)

Net Offer to Public44,20,800 shares (aggregating up to ₹42.88 Cr)

Reserved for Market Maker2,35,200 shares (aggregating up to ₹2.28 Cr)

Pre-Issue Promoter Holding1,30,00,000 shares

Post-Issue Promoter Holding1,76,56,000 shares

P/BV RatioN/A

RoE34.35%

RoCE28.57%

Debt / Equity0.48

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Hem Securities Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Saakshi Medtech & Panels Ltd IPO subscribed? ▲

Saakshi Medtech & Panels Ltd IPO is subscribed 1.00 times by Sep 27, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Saakshi Medtech & Panels Ltd IPO retail subscription status? ▼

The Saakshi Medtech & Panels Ltd IPO retail category is subscribed 1.00 times as of 27 Sep 2023. The retail portion is oversubscribed.

How to subscribe Saakshi Medtech & Panels Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 25 Sep 2023 and closes 27 Sep 2023. Min investment: ₹116,400 (1 lot = 1,200 shares). UPI mandate: 2023-09-27.

How many times Saakshi Medtech & Panels Ltd IPO subscribed? ▼

The Saakshi Medtech & Panels Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Saakshi Medtech & Panels Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 03 Oct 2023. Refunds: on 04 Oct 2023.

When Saakshi Medtech & Panels Ltd IPO will be listed? ▼

The Saakshi Medtech & Panels Ltd IPO listing date is 03 Oct 2023, Tuesday. Listed on: NSE SME. Issue price: ₹97. Estimated listing: ₹97. GMP: NIL.

When Saakshi Medtech & Panels Ltd IPO close? ▼

The Saakshi Medtech & Panels Ltd IPO closes on 27 Sep 2023, Wednesday. UPI mandate: 2023-09-27. Allotment: 03 Oct 2023. Listing: 03 Oct 2023.

Quick Actions

Check Allotment

Live Price LIVE

Last Price₹97.00

Change—

Issue Price₹97.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹97

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹116,400

GMPNIL

Est. Listing₹97

Subscribed1.00x

Open Date25 Sep 2023

Close Date27 Sep 2023

Allotment03 Oct 2023

Listing Date03 Oct 2023

ExchangeNSE SME

UPI Deadline2023-09-27