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.
Saakshi Medtech and Panels manufacturing of:
- 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.
Furthermore, the company is also involved in Fabrication of High level Assembly (HLA) to be installed in locomotives which include manufacturing and assembly of sensor box, battery boxes, sand boxes, dynamic brake weldments, resistor boxes, oil tank assemblies, snow plow etc.
The company also has a wire harness division where wiring assembly or cable assembly is undertaken for transmission of signals or electrical power in the electrical cables or wires.
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.
Saakshi Medtech and Panels IPO – Details
| IPO Opening Date | 25 September 2023 |
| IPO Closing Date | 27 September 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 46,56,000 Shares Worth ₹45.16 Crore Fresh Issue: 46,56,000 Shares Worth ₹45.16 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹92 – ₹97 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Saakshi Medtech and Panels IPO – Date Schedule
| IPO Open Date | 25 September 2023 |
| IPO Close Date | 27 September 2023 |
| Basis of Allotment | 29 September 2023 |
| Initiation of Refund | 03 October 2023 |
| Credit of Shares to Demat Account | 03 October 2023 |
| IPO Listing Date | 04 October 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 27, 2023 |
Saakshi Medtech and Panels IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | 1,16,400 |
| Retail (Maximum) | 1 | 1200 | 1,16,400 |
| HNI (Minimum) | 2 | 2400 | 2,32,600 |
Competitive Strengths
- The company offer a diversified range of products.
- Engineering expertise with complex product manufacturing capability.
- Long term and well-established relationships with OEM customers.
- Quality Assurance.
- Experienced and Qualified Management and Employee base.
- Stable financial performance.
Company Promoters
- Aniket Vijay Latkar
- Chitra Vijay Latkar
Object Of The Issue
- Funding capital expenditure towards civil construction work in the existing premises of factory unit II.
- Repayment in full or in part, of certain of the outstanding borrowings.
- Funding Capital Expenditure towards installation of additional plant and machinery.
- Funding to meet working capital requirements.
- General corporate purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2020 | 61.71 | 54.13 | 5.79 | 18.99 |
| 31 March 2021 | 60.22 | 57.09 | 2.10 | 21.99 |
| 31 March 2022 | 91.69 | 79.10 | 9.32 | 16.36 |
| 31 March 2023 | 122.20 | 105.64 | 12.38 | 20.07 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 10.18 |
| ROCE | 28.57 |
| EPS (Rs) | 9.53 |
| RoNW | 29.32 |
Saakshi Medtech and Panels IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.63% |
Saakshi Medtech and Panels IPO Prospectus
Company Contact Information
| Saakshi Medtech and Panels Limited Plot No. EL-23, J Block, MIDC Industrial Area, Bhosari, Pune- 411026 Phone: +91- 02039854400 Email: info@smtpl.co Website: https://www.smtpl.co/index.html |
Saakshi Medtech and Panels IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Saakshi Medtech and Panels IPO Lead Manager(s)
| 1. Hem Securities Limited |
Saakshi Medtech and Panels IPO FAQs
| What is Saakshi Medtech and Panels IPO? Saakshi Medtech and Panels IPO is a SME IPO. The issue is priced at ₹92 – ₹97 per equity share. The IPO is to be listed on NSE SME. |
| When Saakshi Medtech and Panels IPO will open? The IPO is to open on 25 September 2023 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Saakshi Medtech and Panels IPO? You can apply Saakshi Medtech and Panels IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Saakshi Medtech and Panels IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Saakshi Medtech and Panels”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Saakshi Medtech and Panels IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Saakshi Medtech and Panels”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Saakshi Medtech and Panels IPO Size? Saakshi Medtech and Panels IPO size is ₹45.16 crores. |
| What is Saakshi Medtech and Panels IPO Price Band? Saakshi Medtech and Panels IPO Price Band is ₹92 – ₹97. |
| What is Saakshi Medtech and Panels IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹1,16,400 amount while the maximum bid is 1200 shares with ₹1,16,400. |
| What is the Saakshi Medtech and Panels IPO Allotment Date? Saakshi Medtech and Panels IPO allotment date is 29 September 2023. |
| What is the Saakshi Medtech and Panels IPO Listing Date? Saakshi Medtech and Panels IPO listing date is 04 October 2023. The IPO is to list on NSE SME. |
