Open Date
25 Sep 2023
27 Sep 2023
1200 shares
₹45.16 Cr
Lot Size
IPO Size
Listing At
NSE SME
Listing Date
Price Range
₹92 to ₹97
Close Date
Allotment Date
03 Oct 2023
06 Oct 2023
Saakshi Medtech and Panels Private Limited, a company founded in 2001, specializes in designing, programming, and putting together SCADA, microcontroller, and programmable logic controller-based electrical control panels and cabinets. The company delivers: Electrical control cabinets and panels used in elevators, air compressors, renewable energy sources, oil and gas exploration, and other infrastructure; Healthcare-related medical X-ray equipment, locomotive fabrication, and wire harness divisions for electrical control panels and the provision of air compressors are all included.
The Net Proceeds are proposed to be used in accordance with the details as set forth below: 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 company's outstanding borrowings. Funding Capital Expenditure towards the installation of additional plant and machinery. Funding to meet working capital requirements. General Corporate Purpose.
The book-running lead managers to the offer are: Hem Securities Ltd
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