What you must know about Saakshi Medtech and Panels IPO?
by 5paisa Research Team
20 Sep 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 03-Oct-23
- IPO Price Range ₹ 92
- Listing Price ₹ 146
- Listing Change 58.7%
- Last Traded Price ₹ 259.65
- Current Change 182.2%
Saakshi Medtech IPO Details
- Open Date 25-Sep-23
- Close Date 27-Sep-23
- Lot Size 1200
- IPO Size ₹ 42.84 - 45.16 Cr
- IPO Price Range ₹ 92
- Min Investment ₹ 110400
- Listing Exchange NSE SME
- Basis of Allotment 03-Oct-23
- Refunds 04-Oct-23
- Credit to Demat Account 04-Oct-23
- Listing Date 06-Oct-23
Saakshi Medtech & Panels IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 25-Sep-23 | 2.00 | 1.28 | 2.51 | 2.10 |
| 26-Sep-23 | 2.01 | 4.99 | 12.72 | 8.00 |
| 27-Sep-23 | 37.35 | 200.78 | 75.88 | 91.64 |
Saakshi Medtech IPO Synopsis
Saakshi Medtech and Panels Limited IPO is all set to open from 25th September to 27th September 2023. The company designs, programs, and assembles electric control panels and cabinets. The IPO includes a fresh issue of 4,656,000 shares worth ₹45.16 cr. The share allotment date is 3rd October, and the IPO will be listed on 6th October, on the stock exchanges. The price band is ₹92 to ₹97 per share and the lot size is 1200 shares.
Hem Securities Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of the Issue
Saakshi Medtech and Panels plans to utilize the raised capital from the IPO to:
• To fund capital expenditure for civil construction work in the existing premises of factory unit II.
• To fund capital expenditure for the installation of additional plants and machinery.
• To repay borrowing obtained in part or full.
• For working capital requirements.
• General corporate purpose.
About Saakshi Medtech & Panels
Established in 2001, Saakshi Medtech designs, programs, and assembles electric control panels and cabinets. This includes microcontrollers, programmable logic controllers, and SCADA systems. Saakshi Medtech and Panels has in total 3 manufacturing facilities located in Pune, Maharashtra, covering a total built-up area of approximately 9600 square meters.
The company's product range includes:
• Electrical Control Panels and Cabinets: Used in various applications such as elevators, air compressors, renewable energy, oil & gas exploration, and electric vehicle charging stations.
• Medical X-ray systems: Used in the healthcare sector.
• Fabrication services for locomotives.
• Wire harness division: Used for electrical control panels and air compressor industry.
The company has earned some recognition which include the Best Delivery Performance Award in 2010 from Atlas Copco Ltd, Pune, the Best EHS Award in 2013 from the same, the NPI Development Partner Award from Philips presented by the Healthcare Innovation Centre (HIC) in 2015, recognition as a Productivity Partner at the MMF Strategic Business Partnership Conclave 2021 by the GE Group, and a certification of Zero Defect Zero Effect from MSME India.
For More Information:
Webstory on Saakshi Medtech IPO
Saakshi Medtech IPO GMP
Saakshi Medtech & Panels Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 91.58 | 59.77 | 61.26 |
| EBITDA | 15.47 | 5.71 | 10.69 |
| PAT | 9.32 | 2.10 | 5.79 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 64.92 | 55.71 | 48.37 |
| Share Capital | 2.60 | 2.60 | 2.60 |
| Total Borrowings | 35.46 | 35.57 | 30.33 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 10.96 | 0.276 | 10.98 |
| Net cash from / (used in) investing activities | -5.48 | -0.77 | -6.47 |
| Net cash flow from / (used in) financing activities | -6.95 | 1.52 | -2.91 |
| Net increase (decrease) in cash and cash equivalents | -1.46 | 1.02 | 1.60 |
Saakshi Medtech IPO Key Points
-
Strengths
1. The company offers a diversified range of products.
2. It has engineering expertise with complex product manufacturing capability.
3. Long-term and well-established relationships with OEM customers.
4. The company has many certifications for quality.
5. It has an experienced management team and employee base. -
Risks
1. Significantly dependent on the sale of Electrical Control Panels and Cabinets.
2. subject to risks associated with product warranty.
3. The company has to export goods of a defined amount to continue to avail of benefits under the EPCG licenses.
4. The geographical concentration of our manufacturing facilities may adversely affect the operations.
5. Higher working capital requirements.
6. Subject to risks in multiple countries.
7. Unsecured loans that may be recalled by the lenders at any time.
Saakshi Medtech
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Saakshi Medtech IPO FAQs
What is the minimum lot size and investment required for the Saakshi Medtech and Panels IPO?
The minimum lot size of Saakshi Medtech and Panels IPO is 1200 shares and the investment required is ₹110,400.
What is the price band of Saakshi Medtech and Panels IPO?
The price band for Saakshi Medtech and Panels IPO is ₹92 to ₹97 per share.
When does the Saakshi Medtech and Panels IPO issue open and close?
Saakshi Medtech and Panels IPO opens from 25th September to 27th September 2023.
What is the size of the Saakshi Medtech and Panels IPO issue?
The Saakshi Medtech and Panels IPO size is ₹45.16 cr.
What is the allotment date of the Saakshi Medtech and Panels IPO?
The share allotment date of Saakshi Medtech and Panels is 3rd October 2023.
What is the Saakshi Medtech and Panels IPO listing date?
The Saakshi Medtech and Panels IPO will be listed on 3rd October 2023.
Who are the book runners for the Saakshi Medtech and Panels IPO?
Hem Securities Limited is the book-running lead manager for this IPO.
What is the objective of Saakshi Medtech and Panels IPO?
Saakshi Medtech and Panels plans to utilize the raised capital from the IPO to:
1. To fund capital expenditure for civil construction work in the existing premises of factory unit II.
2. To fund capital expenditure for the installation of additional plants and machinery.
3. To repay borrowing obtained in part or full.
4. For working capital requirements.
5. General corporate purpose.
How to apply for the Saakshi Medtech and Panels IPO?
To apply for the IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and the price at which you wish to apply for the Saakshi Medtech and Panels IPO.
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
• You will receive a mandate notification to block funds in your UPI app.
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