Saakshi Medtech and Panels IPO will open for subscription from 25 September 2023. The company aims for an issue size of ₹45.16 Cr through this IPO.
Company Overview
| Full name | Saakshi Medtech and Panels Limited |
| Sector | Diversified |
| Industry | Diversified |
| Company Website | https://www.smtpl.co/ |
About Company
Incorporated in 2009, Saakshi Medtech and Panels is a diversified company engaged in manufacturing i) Electrical Control Panels and Cabinets used in elevators, air compressors, the renewal energy industry, oil & gas exploration industry, electric vehicle charging stations etc, ii) Medical X-ray system used in healthcare industry iii) Fabrication works for locomotives and (iv) wire harness division for our captive consumption in electrical control panels and for supply to air compressor industry.
The company operates through three manufacturing facilities situated in Pune with a total built-up area of approx. 9600 sq mtr. Further, it testing laboratory situated at factory Unit 1 is accredited by the National Accreditation Board for Testing and Calibration Laboratories (“NABL”), which helps to ensure an additional quality check. The R&D operations are supported by a team of 37 engineers as of 31 March 2023.
The Objectives of the Issue
- Funding capital expenditure towards civil construction work in the existing premises of factory unit II.
- Repayment in full or in part, of certain of the company’s outstanding borrowings.
- Funding Capital Expenditure towards the installation of additional plant and machinery.
- Funding to meet working capital requirements.
- General Corporate Purpose.
IPO Timetable
| IPO Opening date | 25 September 2023 |
| IPO Closing | 27 September 2023 |
| Basis of Allotment | 03 October 2023 |
| Initiation Refund | 04 October 2023 |
| Credit to Demat Account | 05 October 2023 |
| Listing Date | 06 October 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹45.16 Cr – 4,656,000 shares |
| Fresh Issue | ₹45.16 Cr – 4,656,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹92 to ₹97 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 235,200 shares |
| Shareholding pre-issue | 13,000,000 |
| Shareholding post-issue | 17,656,000 |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹116,400 |
| Retail (Max) | 1 | 1200 | ₹116,400 |
| HNI (Min) | 2 | 2,400 | ₹232,800 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2021 | FY 2022 | 9M FY 2023 | |
| Revenue | 59.77 | 91.58 | 87.23 |
| Expenses | 57.09 | 79.10 | 76.14 |
| Net income | 2.11 | 9.32 | 8.21 |
Valuations & Margins
| FY 2021 | FY 2022 | 9M FY 2023 | |
| EPS | 1.62 | 7.17 | 6.31 |
| PE ratio | – | – | 14.58 – 15.37 |
| RONW (%) | 10.45 | 31.64 | 21.79 |
| NAV | 15.49 | 13.87 | 28.98 |
| ROCE (%) | 10.59 | 30.25 | 20.30 |
| EBITDA (%) | 9.56 | 16.89 | 15.81 |
| Debt/Equity | 1.09 | 0.56 | 0.57 |
Company Promoters
- Mr. Aniket Vijay Latkar
- Ms. Chitra Vijay Latkar
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Lead Manager(s)
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, Maharashtra
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
SAAKSHI MEDTECH AND PANELS LIMITED
Plot No. EL-23, J Block, MIDC Industrial Area,
Bhosari, Pune- 411026, Maharashtra, India
Phone: +91- 02039854400
E-mail: info@smtpl.co
Website: www.smtpl.co
Allotment Status
Saakshi Medtech IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Saakshi Medtech and Panels IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
