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Saakshi Medtech and Panels Limited

Saakshi Medtech and Panels Limited

listed
₹1.10LMin. investment

Saakshi Medtech and Panels Limited IPO Details

Price range₹92.00 – ₹97.00
IPO type
SME
Lot size1200 shares
Issue size₹45.16Cr
RHP/DRHP
Read

Saakshi Medtech and Panels Limited Timeline

  1. Bid start
    25 Sep 2023
  2. Bid end
    27 Sep 2023
  3. Allotment
    27 Sep 2023
  4. Release of funds
    4 Oct 2023
  5. Demat transfer
    3 Oct 2023
  6. Listing
    6 Oct 2023

About the Saakshi Medtech and Panels Limited IPO :

Saakshi Medtech and Panels Limited, where innovation meets expertise in engineering solutions. We take immense pride in our multifaceted product portfolio and capabilities, aimed at serving a wide range of industries. As a leading manufacturer, we excel in four key domains:
Electrical Control Panels and Cabinets: Our specialized expertise lies in crafting state-of-the-art electrical control panels and cabinets that find applications in diverse sectors such as elevators, air compressors, renewable energy, oil & gas exploration, and electric vehicle charging stations. Our solutions are designed to optimize efficiency, enhance safety, and ensure seamless operations in these critical industries.
Medical X-Ray Systems: In the realm of healthcare, precision and reliability are paramount. Our medical X-ray systems are meticulously engineered to meet the stringent requirements of the healthcare industry. We prioritize accuracy and safety, ensuring that our products contribute to the advancement of medical diagnostics and patient care.
Locomotive Fabrication Works: Transportation infrastructure, particularly locomotives, forms the backbone of modern societies. At Saakshi Medtech and Panels Limited, we leverage our fabrication capabilities to produce high-quality components essential for locomotive systems. Our commitment to precision and durability ensures that our fabricated parts enhance the performance and longevity of locomotives, contributing to a more efficient and sustainable transportation network.
Wire Harness Division: A crucial aspect of our operations revolves around wire harnesses, vital components that power our electrical control panels and cater to the air compressor industry. Our wire harness division is dedicated to producing reliable, customized solutions that not only meet our internal needs but also supply the air compressor industry with top-tier components. This integration enhances the overall functionality and efficiency of electrical systems.
Our Engineering and Design Prowess: At Saakshi Medtech and Panels Limited, we go beyond manufacturing. Our in-house engineering and design capabilities set us apart, enabling us to offer tailored solutions in each product category. We embrace innovation, staying at the forefront of technological advancements to meet and exceed the evolving needs of our customers. Our commitment to excellence, coupled with a customer-centric approach, ensures that we deliver diversified products and solutions that make a lasting impact in the industries we serve.
The Company has three manufacturing facilities situated in Pune with a total built up area of approx. 9600 sq mtr. They manufacture Electrical Control Panels and Cabinets, Medical X- Ray System and Wire Harness in the factory Unit-I and Fabrication works in factory Unit II and Unit III. Manufacturing facilities include engineered layout with process controls and necessary automations for quality and productivity.
Now, Saakshi Medtech and Panels Limited is coming out with its initial public offer (IPO). The Issue Proceeds from the Issue will be utilised towards the following objects: 1.Repayment in full or in part, of certain of our outstanding borrowings;  2. Funding to meet working capital requirements  3. General Corporate Purpose.

Here are key details about the Saakshi Medtech and Panels Limited IPO :

Company NameSaakshi Medtech and Panels Limited   Company TypePrivate
IPO TypeSME

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Saakshi Medtech and Panels Limited Contact Details

Company NameSaakshi Medtech and Panels Limited

How to apply for Saakshi Medtech and Panels Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Sakshi Medtechandpanels IPO FAQs

Investors can apply for the Saakshi Medtech and Panels Limited through their Demat account via the stock exchange or through their broker.
The issue size of the Saakshi Medtech and Panels Limited is 45.1599999 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Saakshi Medtech and Panels Limited will be open between 2023-09-25 and 2023-09-27.
Saakshi Medtech and Panels Limited allotment date is 2023-10-03. For Saakshi Medtech and Panels Limited allotment status check, you can visit the website of the registrar of the IPO.
For Saakshi Medtech and Panels Limited, the IPO registrar is Bigshare Services Pvt Ltd. You can check Saakshi Medtech and Panels Limited allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Saakshi Medtech and Panels Limited shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Saakshi Medtech and Panels Limited lot size is 1200 and minimum order quantity is 1200.
Saakshi Medtech and Panels Limited has set the price band for its IPO at 97 per equity share with a face value of 10.