The Saakshi Medtech IPO started on September 25, 2023, and ended on September 27, 2023. Shares were allocated on October 3, 2023, and refund processes began on October 4, 2023. On October 5, 2023, the shares were credited to investors demat accounts. Saakshi Medtech was officially listed on the stock exchange on October 6, 2023.
During the IPO, Saakshi Medtech offered shares at a price range of ₹92 to ₹97 per share, and the lot size was 1200 shares. The total issue size was ₹45.16 crores, with ₹45.16 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 18.99% of the shares were allocated to Qualified Institutional Buyers (QIB), 14.25% were reserved for Non-Institutional Investors (NII), and 33.25% were set aside for retail investors.
Saakshi Medtech and Panels IPO Subscription Update Video
Saakshi Medtech IPO Subscription Status
The Saakshi Medtech IPO on September 26, 2023 was subscribed 8.00 times, with the retail category being subscribed 12.72 times, the NII (Non-Institutional Investor) category being subscribed 4.99 times, the QIB (Qualified-Institutional Buyers) category being subscribed 2.01 times.
| Category | Subscription |
| QIB | 2.01x |
| NII | 4.99x |
| Retail | 12.72x |
| Total | 8.00x |
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 |
About Saakshi Medtech and Panels Limited
Saakshi Medtech and Panels Private Limited was founded in 2001. We specialize in designing, programming, and assembling Electrical Control Panels and Cabinets, which include microcontrollers, programmable logic controllers, and SCADA systems.
Our company manufactures a range of products:
- Electrical Control Panels and Cabinets used in elevators, air compressors, the renewable energy industry, the oil & gas exploration industry, and electrical vehicle charging stations, among others.
- Medical X-ray systems for the healthcare industry.
- Fabrication work for locomotives.
- Wire harness division for electrical control panels and supply to the air compressor industry.
Saakshi Medtech and Panels operates three manufacturing units in Pune, Maharashtra, covering a total area of approximately 9,600 square meters.
We’re proud to have received several awards and recognitions, including:
- Best Delivery Performance Award in 2010 from Atlas Copco Ltd, Pune.
- Best EHS Award in 2013 from Atlas Copco Ltd, Pune.
- NPI Development Partner Award in 2015 from Philips, presented by Healthcare Innovation Centre (HIC).
- Recognition as a Productivity Partner in MMF Strategic Business Partnership Conclave 2021 by the GE Group.
- Certification for Zero Defect Zero Effect from MSME India.
For the fiscal year ending on December 31, 2022, our company achieved revenue from operations of Rs. 8,723.00 Lacs, while fiscal 2022 saw Rs. 9,157.78 Lacs in revenue, and fiscal 2021 recorded Rs. 5,977.39 Lacs in revenue.
Saakshi Medtech IPO Should you subscribe?
Saakshi Medtech IPO More Details Click Here
Saakshi Medtech IPO FAQs
What is the start and end date of Saakshi Medtech IPO Subscription?
The Saakshi Medtech IPO started on September 25, 2023, and ended on September 27, 2023.
When does Saakshi Medtech IPO Subscription open?
The Saakshi Medtech IPO open on September 25, 2023.
When does Saakshi Medtech IPO Subscription close?
The Saakshi Medtech IPO Close on September 27, 2023.
What is the allotment date of Saakshi Medtech IPO?
The allotment date for Saakshi Medtech IPO is October 3, 2023.
When is the initial refund date of Saakshi Medtech IPO?
The initial Refund date for Saakshi Medtech IPO is October 4, 2023.
When were the shares credited to investors demat accounts for the Saakshi Medtech IPO?
The shares for the Saakshi Medtech IPO were credited to investors demat accounts on October 5, 2023.
When will Saakshi Medtech IPO be listed on the stock market?
Saakshi Medtech IPO stock market will be listed on October 6, 2023 at 10 am.
What was the price range of the Saakshi Medtech IPO shares?
The Saakshi Medtech IPO shares were offered at a price range of ₹92 to ₹97 per share.
What was the lot size for the Saakshi Medtech IPO shares?
The lot size for the Saakshi Medtech IPO shares was 1200 shares.
What was the total issue size of the Saakshi Medtech IPO?
The total issue size of the Saakshi Medtech IPO was ₹45.16 crores.
How were the shares allocated among different types of investors for the Saakshi Medtech IPO?
18.99% of the shares were allocated to Qualified Institutional Buyers (QIB), 14.25% were reserved for Non-Institutional Investors (NII), and 33.25% were set aside for retail investors.
On which stock exchanges was the Saakshi Medtech IPO listed?
The Saakshi Medtech IPO was listed on the NSE SME.
What is the Saakshi Medtech IPO Subscription Status?
Saakshi Medtech IPO is subscribed Times.
