What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Saakshi Medtech and Panels Limited IPO?

Based on the upper price band of ₹97 and current GMP of ₹36, the estimated listing price is ₹133 (approx. 37.1% gain).

What is the expected profit per lot for Saakshi Medtech and Panels Limited IPO?

With a lot size of 1200 shares and current GMP of ₹36, expected profit per retail application lot is approximately ₹43,200.

IPO GreyPremiumLIVE

Grey Market Intelligence

Saakshi Medtech and Panels Limited

ListedSME

Emerging SME Services · NSE

Incorporated in 2001, Saakshi Medtech and Panels Pvt Ltd designs, programs and assembles electrical control panels, cabinets, medical X-ray systems and wire harnesses. Its products cater to industries like elevators, air compressors, renewable energy, EV charging, oil & gas and healthcare. The company has 3 manufacturing units in Pune (total 9,600 sq. mtr). Saakshi has received multiple awards from companies like Atlas Copco, Philips and GE. The company reported revenue of ₹8,723 lakh for the 9 months ended Dec 2022, ₹9,157.78 lakh in FY22 and ₹5,977.39 lakh in FY21.

Price Band

₹92 – ₹97

Issue Size

₹45.16 Cr

Lot Size

1200 shares

GMP

₹36

+37.1%

Est. Listing

₹133

at current GMP

Subscribed

91.72x

overall

Open

25 Sep 2023

27 Sep 2023

Allotment

29 Sep 2023

Refund

30 Sep 2023

Demat Credit

1 Oct 2023

Listing

3 Oct 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Saakshi Medtech and Panels Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹36+37.1%

Issue Price (Upper)

₹97

Band: ₹92 – ₹97

Estimated Listing Price

₹133

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,16,400

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹36	37.1%	₹133
30 Oct 2026	+₹36	37.1%	₹133
29 Oct 2026	+₹32	33.4%	₹129

About Saakshi Medtech and Panels Limited Public Issue & Market Profile

Saakshi Medtech and Panels Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹45.16 Crores. The shares are offered at a price band of ₹92 to ₹97 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Pricing Context:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Basis of Allotment & Listing Timeline:

Following the close of bidding on 2023-09-27, the basis of allotment is scheduled to be finalized on 2023-09-29. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Saakshi Medtech and Panels Limited IPO GMP today?

The latest grey market premium for Saakshi Medtech and Panels Limited IPO is ₹36, which indicates an expected listing price of ₹133.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.