Saakshi Medtech and Panels Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹36(37.11%)
Premium (ELP)
The public market debut of Saakshi Medtech and Panels Limited's was completed on Oct 03, 2023 with its listing on the NSE exchange. The IPO process raised 46,56,000 Shares in total capital, consisting of 46,56,000 Shares in new equity.
The offering featured a price range of ₹92 to ₹97 and minimum application size of 1200 shares. Investor response during the subscription period from Sep 25, 2023 to Sep 27, 2023 influenced the final allotment ratios across investor categories.
Final allotment was announced on Sep 29, 2023, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2001, Saakshi Medtech and Panels Pvt Ltd designs, programs and assembles electrical control panels, cabinets, medical X-ray systems and wire harnesses. Its products cater to industries like elevators, air compressors, renewable energy, EV charging, oil & gas and healthcare. The company has 3 manufacturing units in Pune (total 9,600 sq. mtr). Saakshi has received multiple awards from companies like Atlas Copco, Philips and GE. The company reported revenue of ₹8,723 lakh for the 9 months ended Dec 2022, ₹9,157.78 lakh in FY22 and ₹5,977.39 lakh in FY21.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Aniket Vijay Latkar
- Ms. Chitra Vijay Latkar
Saakshi Medtech and Panels Limited
Bigshare Services Private Limited