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

 

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Saakshi Medtech and Panels Limited IPO

September 25, 2023 - September 27, 2023 Closed
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Saakshi Medtech and Panels Limited IPO

Saakshi Medtech and Panels Limited IPO was engaged the company is involved in manufacturing:i) Electrical control panels and cabinets used in elevators, air compressors, renewable energy, oil & gas, and EV charging stations. ii) Medical X-ray systems for healthcare. iii) Locomotive fabrication. iv) Wire harnesses for control panels and air compressor industry. They offer all-inclusive solutions, covering design, process engineering, and manufacturing. Their facilities handle fabrication, assembly, and testing. They import or obtain hardware components locally, then program and assemble them in-house.

Company Promoters:

·  Aniket Vijay Latkar
·  Chitra Vijay Latkar

Objects of this Issue:

·  Repayment in full or in part, of certain of their outstanding borrowings.
·  Funding to meet working capital requirements
·   General Corporate Purpose

Financial Information of the Company:

 Particular

Amount in Lakhs (Rs.)

As on 31 March 2023

As on 31 Mar 2022

As on 31 Mar 2021

Total Assets

9,324.22

6,521.91

5,591.50

Total Liabilities

5,100.15

3,536.14

3,543.33

Net Profit

1,238.30

937.59

220.08

Saakshi Medtech and Panels Limited IPO Schedule

1.     Bid or Offer Opens on: 25 September 2023

2.     Bid or Offer Closes on: 27 September 2023
3.     Finalization of BoA: 03 October 2023
4.     Initiation of Refunds: 04 October 2023
5.     Credit of shares to Demat account: 05 October 2023
6.     Listing Date: 06 October 2023

Saakshi Medtech and Panels Limited IPO Lot Size

The market lot size of Saakshi Medtech and Panels Limited IPO is 6000 shares. We have set minimum and maximum order quantities as outlined below:

Application

Lots

Shares

Amount

Minimum

1

  1200

₹116,400

Maximum

1

  1200

₹116,400

S-HNI(Minimum)

2

  2400

₹232,800

 

Company Contact Details:

Plot No. EL-23, J Block, MIDC

Industrial Area, Bhosari, Pune- 411026,

Maharashtra, India.

Phone: +91- 02039854400

Email: info@smtpl.co

Website: www.smtpl.co

 

Saakshi Medtech and Panels Limited IPO Registrar Details:

BIGSHARE SERVICES PRIVATE LIMITED

Office No. S6-2, 6th Floor, Pinnacle Business Park,

Next to Ahura Centre, Mahakali Caves Road,

Andheri East, Mumbai – 400 093,

Maharashtra, India

Telephone: 022 - 6263 8200

Email: ipo@bigshareonline.com

Website:  www.bigshareonline.com

 

Frequently Asked Question

Pre-issue shareholding of the Saakshi Medtech and Panels Limited IPO promoter is 100.00%.
Closing date of Saakshi Medtech and Panels Limited IPO is September 27, 2023.
Lot size of the Saakshi Medtech and Panels Limited IPO is 1200 shares.
Post-issue shareholding of the Saakshi Medtech and Panels Limited IPO services promoter is 73.63%.
Saakshi Medtech and Panels Limited IPO shares will get listed on October 03, 2023.
The IPO price is usually determined through negotiations between the company and its underwriters. They consider various factors, including the company's financials, industry trends, and demand from investors.
IPOs can be risky as the stock's price may be volatile in the early days of trading. Additionally, there's the risk that the company may not live up to the market's expectations.
If you do not get the allotment of Saakshi Medtech and Panels Limited IPO, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
Saakshi saakshi medtech and panels ltd Shares will get listed at NSE SME.
The process involves several steps, including selecting underwriters, filing regulatory paperwork with the SEC, conducting a roadshow to market the IPO to potential investors, and finally, listing the stock on a public exchange.
IPO application is an online process by using UPI or ASBA as a payment method. ASBA IPO application is already available in the net banking of your respective bank account and the UPI application is offered by your Stockbroker, you can invest in SVS Limited IPO using any neatest method at your convenience.
Minimum and maximum order quantity is 1 lot only.
The face value of Saakshi Medtech and Panels Limited IPO is ₹10 per share.
Opening date of Saakshi Medtech and Panels Limited IPO is September 25, 2023.
The meaning of "Saakshi Medtech and Panels Limited IPO GMP today" is the Grey Market Premium (GMP) for the initial public offering (IPO) of Saakshi Medtech and Panels Limited IPO on the current day.
Saakshi Medtech and Panels Limited IPO share price ₹92 to ₹97 per share.
You will receive Saakshi Medtech and Panels Limited IPO shares in your Demat account on October 05, 2023, if allotted.
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