Saakshi Medtech & Panels Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,209,200 (47%) | — | ₹2,143 Cr |
| NII (HNI) | — | 663,600 (14%) | — | ₹644 Cr |
| Retail | — | 1,548,000 (33%) | — | ₹1,502 Cr |
| Market Maker | — | 235,200 (5%) | — | ₹23 Cr |
| Σ Total | — | 4,656,000 (100%) | — | ₹45,163 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹116,400 |
| Retail (Max) | 13 | 15,600 | ₹1,513,200 |
| S-HNI (Min) | 14 | 16,800 | ₹1,629,600 |
| B-HNI (Min) | 67 | 80,400 | ₹7,798,800 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Revenue | 12,220 | 9,169 | 6,022 |
| Profit After Tax | 1,238 | 938 | 220 |
| Net Worth | 4,224 | 2,986 | 2,048 |
| Total Assets | 9,324 | 6,522 | 5,592 |
| Reserves & Surplus | 3,964 | 2,726 | 1,788 |
| Total Borrowing | 2,007 | 1,636 | 2,199 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment in full or in part, of certain of our outstanding borrowings – 5.00
- Funding to meet working capital requirements – 25.50
- General Corporate Purpose – 10.18
Company Overview
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; and
- Wire 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.