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Open
25 Sep 2023
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Close
27 Sep 2023
3
Allotment
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Listing
Tue, Oct 3, 2023
Price Band
₹92 to ₹97
Issue Size
46,56,000 shares (agg. up to ₹45 Cr)
Lot Size
1,200 Shares
Listing Date
Tue, Oct 3, 2023
Latest GMP
₹36
Est. Gain
37.11%
✦ AI Insight
GMP Trend
03-10-2023₹36Est. ₹133+37.11%
02-10-2023₹36Est. ₹133+37.11%
01-10-2023₹25Est. ₹122+25.77%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 64.10x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 93.24 | 65.22 | 55.92 |
| Total Income | 122.20 | 91.69 | 60.22 |
| Profit After Tax | 12.38 | 9.38 | 2.20 |
| NET Worth | 42.24 | 29.86 | 20.48 |
| Reserves and Surplus | 39.64 | 27.26 | 17.88 |
| Total Borrowing | 20.07 | 16.36 | 21.99 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sungarner Energies Ltd. | SME | ₹5.31 Cr | ₹83 | 13.07 | ₹262.35 | +216.08% | ₹233.60 (+4.99%) |
| Oriana Power Ltd. | SME | ₹59.66 Cr | ₹118 | 20.7 | ₹317.10 | +168.73% | ₹1,468.40 (-0.54%) |
| Rishabh Instruments Ltd. | Mainboard | ₹490.78 Cr | ₹441 | null | ₹443.15 | +0.49% | ₹656.10 (-0.62%) |
| Avalon Technologies Ltd. | Mainboard | ₹865.00 Cr | ₹436 | 55.54 | ₹398.00 | -8.72% | ₹1,724.00 (-2.28%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment in full or in part, of certain of our outstanding borrowings | 5.00 |
| 2 | Funding to meet working capital requirements | 25.50 |
| 3 | General Corporate Purpose | 10.18 |
About Saakshi Medtech IPO
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: 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. 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 f
Contact Details
Saakshi Medtech & Panels Ltd. AddressPlot No.EL-23, J BlockMIDC Industrial AreaBhosariPune, Maharashtra, 411026+91- 02039854400info@smtpl.coVisit Website