The Saakshi Medtech IPO commenced on September 25, 2023, and concluded on September 27, 2023. The allotment of shares took place on October 3, 2023, and the initiation of refunds began on October 4, 2023. The shares were credited to the demat accounts of investors on October 5, 2023. Finally, the listing of Saakshi Medtech on the stock exchange occurred on October 6, 2023.
The Saakshi Medtech IPO was priced at ₹92 to ₹97 per share, with a lot size of 1200 shares. The total issue size was ₹45.16 crores, comprising a fresh issue of ₹45.16 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 18.99% of the shares, the NII (Non-Institutional Investors) quota was reserved for 14.25% of the shares, and the retail quota was reserved for 33.25% of the shares.
Saakshi Medtech IPO Basic Details
|Company Name||Saakshi Medtech and Panels Limited|
|Domain of Company||Designing, Programing, and Assembling|
of Electrical Control Panels
|Saakshi Medtech IPO GMP Today||₹30|
|Saakshi Medtech IPO Listing Gain||30.93%|
|Saakshi Medtech IPO Open Date||September 25, 2023|
|Saakshi Medtech IPO Close Date||September 27, 2023|
|Saakshi Medtech IPO Allotment Date||October 3, 2023|
|Saakshi Medtech IPO Listing Date||October 6, 2023|
|Face Value||₹10 per share|
|Price||₹₹92 to ₹97 per share|
|Lot Size||1200 Shares|
|Issue Size||4,656,000 shares of ₹10|
(aggregating up to ₹45.16 Cr)
|Fresh Issue||4,656,000 shares of ₹10|
(aggregating up to ₹45.16 Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||NSE SME|
|Company Promoters||Mr. Aniket Vijay Latkar and|
Ms. Chitra Vijay Latkar
Saakshi Medtech IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|24 September 2023||₹30||30.93%||–||–|
Saakshi Medtech Limited IPO Details:
Saakshi Medtech and Panels Private Limited, established in 2001, specializes in designing, programming, and assembling Electrical Control Panels and Cabinets. These panels and cabinets include microcontrollers, programmable logic controllers, and SCADA systems. The company’s diverse product range encompasses:
- Electrical Control Panels and Cabinets utilized in elevators, air compressors, renewable energy projects, the oil & gas exploration sector, and electric vehicle charging stations.
- Medical X-ray systems designed for the healthcare industry.
- Fabrication services catering to locomotive needs.
- A wire harness division focused on electrical control panels and supplying the air compressor industry.
Saakshi Medtech and Panels operate from three manufacturing units spanning approximately 9600 square meters in Pune, Maharashtra.
The company boasts several accolades, including the 2010 Best Delivery Performance Award from Atlas Copco Ltd, Pune, the 2013 Best EHS Award from the same, the NPI Development Partner Award from Philips in 2015, recognition as a Productivity Partner in the 2021 MMF Strategic Business Partnership Conclave by the GE Group, and certification for Zero Defect Zero Effect from MSME India.
For the fiscal year ending December 31, 2022, the company reported revenue from operations of Rs. 8,723.00 Lacs, followed by Rs. 9,157.78 Lacs in fiscal 2022 and Rs. 5,977.39 in fiscal 2021.
Saakshi Medtech IPO More Details Click Here
Saakshi Medtech IPO FAQs
When is Saakshi Medtech IPO open?
Saakshi Medtech IPO will open on 25 September 2023.
When is Saakshi Medtech IPO Close?
Saakshi Medtech IPO will be closed on 27 September 2023.
What is Saakshi Medtech IPO GMP Today?
The Saakshi Medtech IPO GMP aka Grey Market Premium is ₹30.
What is Saakshi Medtech IPO Kostak Rates Today?
The Saakshi Medtech IPO Kostak Rate is ₹000.
What is Saakshi Medtech IPO Subject to Sauda Price Today?
The Saakshi Medtech IPO subject to sauda rates is ₹000.
Saakshi Medtech IPO Expected Returns?
The Saakshi Medtech expected return is 30.93%.
How much will be the listing gain in Saakshi Medtech IPO?
Saakshi Medtech IPO will get listing gain of 30.93%. (Approx.)