Saakshi Medtech and Panels IPO Date, Review, Price, Allotment Details

Saakshi Medtech and Panels IPO Details: Saakshi Medtech and Panels IPO date is fixed, The IPO will open on September 25 and will close on September 27. Saakshi Medtech and Panels is an NSE SME IPO to raise ₹45.16 crores via IPO. The Saakshi Medtech and Panels IPO price band is fixed at ₹92 to ₹97 with a market lot of 1200 shares.

Saakshi Medtech and Panels IPO

Table of Contents

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, the oil & gas exploration industry, electrical vehicle charging stations, etc., ii) Medical X-Ray Systems used in healthcare industry iii) Fabrication works for locomotives and (iv) wire harness division for their captive consumption in electrical control panels and supply to air compressor industry. Their in-house engineering and design capabilities help them offer diversified products and solutions to their customers in each of the product categories in which they operate. Their comprehensive solutions include design, process engineering, and manufacturing including fabrication, assembly, and testing facilities. The hardware components are imported or sourced from local suppliers which are then programmed and assembled at the manufacturing facilities.


Saakshi Medtech designed, programmed, and assembled Electrical Control Panels and Cabinets comprising microcontrollers, programmable logic controllers, and a SCADA system. These Electrical control panels are essential for industrial automation. They provide higher-level monitoring and control of various functions of machines to define, organize, and meet production objectives. The end users for their products in this category include OEMs producing elevators, wind turbines, air compressors, oil & gas exploration equipment, electrical vehicle charging stations, or diesel generators. These panels direct the input and output of equipment in which they are installed like monitoring the directional movement of wind turbines, bi-lateral movement of elevators, setting automatic load and unload of pressure in air compressors used in CNG petrol pumps, metal industry, forging industry, chemical industry, aviation industry and allied industries, vibration and temperature monitoring in oil and gas exploration equipment, for charging of EV batteries and alarming of DG sets.

Furthermore, they are also involved in the Fabrication of High-level Assembly (HLA) to be installed in locomotives which include manufacturing and assembly of sensor box, battery boxes, sandboxes, dynamic brake weldments, resistor boxes, oil tank assemblies, snow plow, etc. The company also has a wire harness division where wiring assembly or cable assembly is undertaken for the transmission of signals or electrical power in the electrical cables or wires. The majority of their harnessed wire is used for captive consumption in manufacturing activities of Medical X-Ray systems or Electrical Control Panels and Cabinets.


Objects 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.

Saakshi Medtech and Panels IPO Review

  • May Apply

Saakshi Medtech and Panels IPO Date & Price Band Details

IPO Open:September 25, 2023
IPO Close:September 27, 2023
IPO Size:Approx ₹45.16 Crores, 4,656,000 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹92 to ₹97 Per Equity Share
IPO Listing on:NSE SME
Retail Quota:35% of the net offer
QIB Quota:50% of the net offer
NII Quota:15% of the net offer
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors in IPO:Click Here

Saakshi Medtech and Panels IPO Market Lot

The Saakshi Medtech and Panels IPO minimum market lot is 1200 shares with a ₹116,400 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum11200₹116,400
Retail Maximum11200₹116,400
S-HNI Minimum22400₹232,80

Saakshi Medtech and Panels IPO Dates

The Saakshi Medtech and Panels IPO date is September 25 and the IPO close date is September 27. The IPO allotment date is September 29 and the IPO might list on October 3.

IPO Open Date:September 25, 2023
IPO Close Date:September 27, 2023
Basis of Allotment:September 29, 2023
Refunds:October 3, 2023
Credit to Demat Account:October 3, 2023
IPO Listing Date:October 3, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Saakshi Medtech and Panels IPO Form

How to apply Saakshi Medtech and Panels IPO? You can apply Saakshi Medtech and Panels IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Saakshi Medtech and Panels IPO in the Invest section. The other option you can apply Saakshi Medtech and Panels IPO via IPO forms download via the NSE website. Check out the Saakshi Medtech and Panels forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.


Saakshi Medtech and Panels Company Financial Report

₹ in Crores
YearRevenueExpensePAT
2020₹61.71₹54.13₹5.79
2021₹60.22₹57.09₹2.10
2022₹91.69₹79.01₹9.32
2023 9M₹87.28₹76.14₹11.14

Saakshi Medtech and Panels IPO Valuation – FY2022

Check Saakshi Medtech and Panels IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹7.17 per Equity Share
Price/Earning P/E Ratio:NA
Return on Net Worth (RoNW):31.64%
Net Asset Value (NAV):₹22.66 per Equity Share

Peer Group

  • NA

Company Promoters

  • Mr. Aniket Vijay Latkar
  • Ms. Chitra Vijay Latkar 

Saakshi Medtech and Panels IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com

Saakshi Medtech and Panels IPO Allotment Status

Check Saakshi Medtech and Panels IPO allotment status on Bigshare website URL. Click Here

Saakshi Medtech and Panels IPO Lead Managers aka Merchant Bankers

  • Hem Securities Limited

Company Address

Saakshi Medtech and Panels Limited
Plot No. EL-23, J Block,
MIDC Industrial Area,
Bhosari, Pune- 411026
Phone: +91- 02039854400
Email: [email protected]
Website: https://www.smtpl.co/index.html

Saakshi Medtech and Panels IPO FAQs


What is Saakshi Medtech and Panels IPO?

Saakshi Medtech and Panels IPO is an NSE SME IPO. They are going to raise ₹45.16 Crores via IPO. The issue is priced at ₹92 to ₹97 per equity share. The IPO is to be listed on NSE.

When Saakshi Medtech and Panels IPO will open?

The IPO is to open on September 27, 2023 for QIB, NII, and Retail Investors.

What is Saakshi Medtech and Panels IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Saakshi Medtech and Panels IPO?

You can apply Saakshi Medtech and Panels IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Saakshi Medtech and Panels IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Saakshi Medtech and Panels”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Saakshi Medtech and Panels IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Saakshi Medtech and Panels”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Saakshi Medtech and Panels IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Saakshi Medtech and Panels”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Saakshi Medtech and Panels IPO Size?

Saakshi Medtech and Panels IPO size is ₹45.16 crores.

What is Saakshi Medtech and Panels IPO Price Band?

Saakshi Medtech and Panels IPO Price Band is ₹92 to ₹97 per equity share.

What is Saakshi Medtech and Panels IPO Minimum and Maximum Lot Size?

The IPO bid is 1200 shares with ₹116,400.

What is Saakshi Medtech and Panels IPO Allotment Date?

Saakshi Medtech and Panels IPO allotment date is September 29, 2023.

What is Saakshi Medtech and Panels IPO Listing Date?

Saakshi Medtech and Panels IPO listing date is October 3, 2023. The IPO to list on NSE SME.

Note: The Saakshi Medtech and Panels IPO details are announced officially. The IPO grey market premium (Saakshi Medtech and Panels IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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2 Responses

  1. Sir 2 applicatio allot Hui hai sakshi medtech ki..kya ek ko sell and ek ko hold kar sakte hai..??


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