IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
Saakshi Medtech and Panelslimited IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Pune and caters to Electric Equipments sector. Hem Securities is the merchant banker of Saakshi Medtech and Panelslimited IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th June 2023.
Saakshi Medtech and Panelslimited IPO open date is 25th September 2023 and close date is 27th September 2023. IPO Allotment Date is 3rd October 2023 and Listing date is 3rd October 2023.Saakshi Medtech and Panelslimited IPO size is Rs 45.16 Cr. crores with IPO price of Rs 97.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the Saakshi Medtech and Panelslimited IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Hem Finlease Private Limited for Saakshi Medtech and Panelslimited IPO.
Saakshi Medtech and Panelslimited IPO anchor investors are the below investors. The number of anchor investors in this IPO is 9.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Meru Investment Fund | 206,400.00 | ₹97.00 | ₹20,020,800.00 |
| Negen Undiscovered Value | 103,200.00 | ₹97.00 | ₹10,010,400.00 |
| Zinnia Global Fund | 189,600.00 | ₹97.00 | ₹18,391,200.00 |
| Next Orbit Ventures | 103,200.00 | ₹97.00 | ₹10,010,400.00 |
| FINAVENUE GROWTH FUND | 103,200.00 | ₹97.00 | ₹10,010,400.00 |
| Matterhorn India Fund | 103,200.00 | ₹97.00 | ₹10,010,400.00 |
| Subhkam Ventures (I) | 154,800.00 | ₹97.00 | ₹15,015,600.00 |
| Carnelian Structural Shift | 206,400.00 | ₹97.00 | ₹20,020,800.00 |
| India - Ahead | 154,800.00 | ₹97.00 | ₹15,015,600.00 |
Saakshi Medtech and Panelslimited IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Saakshi Medtech and Panelslimited IPO, based in Pune, operates in the Electric Equipments sector with a focus on manufacturing of Electrical Control Panels. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Saakshi Medtech and Panelslimited IPO size is ₹ 45.16 Cr. Crores with fresh issue size of Rs 45.16 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Saakshi Medtech and Panelslimited IPO is expected to be 3rd October 2023, after the finalization of basis of allotment. Investors can check Saakshi Medtech and Panelslimited IPO allotment status on the registrars website, Bigshare Services Private Limited. Saakshi Medtech and Panelslimited IPO refund dates are 4th October 2023.
Saakshi Medtech and Panelslimited IPO is expected to be listed on 3rd October 2023.
The upper price band for the Saakshi Medtech and Panelslimited IPO is set at ₹ 97.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Saakshi Medtech and Panelslimited IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Saakshi Medtech and Panelslimited IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 27th September 2023. After submission, funds are blocked until the basis of allotment of Saakshi Medtech and Panelslimited IPO is finalised.
The merchant banker for Saakshi Medtech and Panelslimited IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Saakshi Medtech and Panelslimited IPO RHP for further details.
The registrar for Saakshi Medtech and Panelslimited IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Saakshi Medtech and Panelslimited IPO through their official website or helpline.
Saakshi Medtech and Panelslimited IPO was subscribed 91.65 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 45.16 Cr.
Avg IPO Size (Sector Based)
:
₹ 34.18 Cr.
Sector: Electric Equipments
SME IPO so far:
39
Merchant Banker:
Hem Securities
SME IPO by BRLM so far:
47
City:
Pune
SME IPO so far:
36
Revenue (annualised):
₹ 122.06 cr.
PE
Ratio:
13.84x
Average Sector PE Ratio: 18.31x
Saakshi Medtech and Panelslimited IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Saakshi Medtech and Panelslimited Financial Review Page
Merchant Banker(s) of Saakshi Medtech and Panelslimited IPO: Hem Securities Limited
Saakshi Medtech and Panelslimited IPO subscription was 91.65 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Saakshi Medtech and Panelslimited IPO listed at a listing price of 153.30 against the offer price of 97.00.
The current market price of Saakshi Medtech and Panelslimited is 141.85.
Why Us?
