Saakshi Medtech and Panels IPO is a book built issue of Rs 45.16 crores. The issue is entirely a fresh issue of 46.56 lakh shares.
Saakshi Medtech and Panels IPO opens for subscription on September 25, 2023 and closes on September 27, 2023. The allotment for the Saakshi Medtech and Panels IPO is expected to be finalized on Tuesday, October 3, 2023. Saakshi Medtech and Panels IPO will list on NSE SME with tentative listing date fixed as Friday, October 6, 2023.
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:
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.
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Dec 2022 |
| Assets | 4,836.69 | 5,571.02 | 6,491.66 | 8,990.82 |
| Revenue | 6,170.99 | 6,022.17 | 9,169.35 | 8,727.87 |
| Profit After Tax | 578.76 | 210.49 | 932.21 | 820.76 |
| Net Worth | 1,803.37 | 2,013.86 | 2,946.08 | 3,766.84 |
| Reserves and Surplus | 1,543.37 | 1,753.86 | 2,686.08 | 3,506.84 |
| Total Borrowing | 1,899.24 | 2,199.44 | 1,635.78 | 2,160.70 |
The Net Proceeds are proposed to be used in accordance with the details as set forth below:
Saakshi Medtech and Panels IPO opens on September 25, 2023, and closes on September 27, 2023.
| IPO Open Date | Monday, September 25, 2023 |
| IPO Close Date | Wednesday, September 27, 2023 |
| Basis of Allotment | Tuesday, October 3, 2023 |
| Initiation of Refunds | Wednesday, October 4, 2023 |
| Credit of Shares to Demat | Thursday, October 5, 2023 |
| Listing Date | Friday, October 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2023 |
As per our analysis and Based on the information we have, this is the output.
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