Saakshi Medtech and Panels Limited
ListedSMEEmerging 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
Close
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
Overall Subscription
91.72x
Total Demand
QIB Multiplier
37.35x
Institutions & Funds
NII / HNI
201.08x
High Net-Worth
Retail (RII)
75.88x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 884,400 | 33,031,200 | 37.35x |
| NIB | 663,800 | 133,476,000 | 201.08x |
| RETAIL | 1,548,000 | 117,460,800 | 75.88x |
| Total | 3,096,200 | 283,968,000 | 91.72x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,358 | 103,045 | 75.88x |
| HNIs (10L +) | 9 | 1,810 | 201.08x |
| HNIs (2-10L) | 42 | 8,445 | 201.08x |
| Total Applications | 1,409 | 113,300 | 80.41x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 (GMP) for Saakshi Medtech and Panels Limited IPO is ₹36 per equity share. Based on the upper price band of ₹92 to ₹97 per equity share, the estimated listing price is ₹133 (+37.1% expected listing 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, the expected profit per application lot is approx ₹43,200 (+37.1% gain). Minimum application cost is approx ₹1,16,400.
What is the issue size and price band for Saakshi Medtech and Panels Limited IPO?
The Saakshi Medtech and Panels Limited IPO aggregate issue size is ₹45.16 Crores with an equity price band set at ₹92 to ₹97 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,16,400.
How can I check Saakshi Medtech and Panels Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 91.72x (Retail: 75.88x, QIB: 37.35x, NII: 201.08x). You can track live multiples directly on our dedicated subscription page.
Where and when will Saakshi Medtech and Panels Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2023-09-29. Investors can verify status using PAN card or application number.
When is the listing date for Saakshi Medtech and Panels Limited IPO?
Saakshi Medtech and Panels Limited shares are scheduled to list on NSE on 2023-10-03.