Saakshi Medtech and Panels Limited

Company Profile
Company Name Saakshi Medtech and Panels Limited
Open Date 25-09-2023
Close Date 27-09-2023
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹92 to ₹97 per share
Issue Size 46,56,000 Equity Shares
Application Amount ₹ 1,16,400
Recommendation Apply
Saakshi Medtech and Panels Limited was originally incorporated in the year 2009 and has its registered office in Maharashtra. The Company is a diversified company engaged in manufacturing: i) Electrical Control Panels and Cabinets ii) Medical X-ray Systems used in the healthcare industry iii) Fabrication works for locomotives and (iv) wire harness division. The company operate through three manufacturing facilities situated in Pune. As of 31st March 2023, the Company has 255 employees on its payroll.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 5,591.50 6,521.92 9,324.23
Net Assets 2,048.17 2,985.77 4,224.07
Total Borrowings 2,199.44 1,635.78 2,007.45
Total Revenue 6,022.18 9,169.34 12,220.18
Profit After Tax 220.08 937.57 1,238.30

Tentative Timeline

Opening Date 25-09-2023
Closing Date 27-09-2023
Basis of Allotment 03-10-2023
Initiation of Refunds 04-10-2023
Credit of Shares to Demat 05-10-2023
Listing Date 06-10-2023

Objects of the Issue

Capital Expenditure towards civil construction work in Factory Unit II
Repayment in full or in part of borrowings
Capital Expenditure towards the installation of additional plant and machinery
Working Capital Requirements and General Corporate Purpose.

Contact Information

Registered Office Saakshi Medtech and Panels Limited Plot No. EL-23, J Block, MIDC Industrial Area, Bhosari, Pune- 411026
Phone +91- 02039854400

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer
Retail Shares Offered Not less than 35.00% of the Offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 73.63%

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