Saakshi Medtech and Panels Limited Incorporated in 2001 is a diversified company engaged in the manufacturing of various products like Electrical Control Panels and Cabinets used in applications such as elevators, air compressors, renewable energy, oil & gas exploration, and electric vehicle charging stations. Additionally, Saakshi Medtech and Panels Limited manufactures Medical X-ray systems for the healthcare industry, engages in fabrication work for locomotives, and operates a wire harness division for both internal use in their Electrical Control Panels and Cabinets and external supply to the air compressor industry.
Saakshi Medtech and Panels Limited has in-house engineering and design abilities, allowing them to provide a diverse variety of products and solutions across all product categories. The company buys hardware parts from both domestic and international vendors, which are later programmed and put together at their manufacturing facilities.
Regarding Electrical Control Panels and Cabinets, Saakshi Medtech and Panels Limited specializes in designing, programming, and assembling units that include microcontrollers, programmable logic controllers, and SCADA systems. Due to their ability to provide higher-level monitoring and multiple-machine activity control, these control panels are essential in industrial automation.
Clients like original equipment manufacturers (OEMs) of elevators, wind turbines, air compressors, oil and gas exploration equipment, electric car charging stations, and diesel generators are included in this category. Key clients in this category include Atlas Copco (India) Ltd, Ge India Industrial Pvt Ltd, OTIS Elevator Company (India) Ltd, GE Oil & Gas India Pvt Ltd, Kirloskar Oil Engines Ltd, and Kirloskar Pneumatic Co. Ltd.
Furthermore, Saakshi Medtech and Panels Limited are involved in the fabrication of High-Level Assemblies (HLA) used in locomotives, encompassing the manufacturing and assembly of various components.
Saakshi Medtech and Panels Limited also runs a wire harness section, and it specializes in wiring and cable assembly for the transmission of electrical power and signals in cables and wires. The majority of these harnessed wires are used for internal purposes in the manufacturing of Medical X-ray systems and Electrical Control Panels and Cabinets.
Saakshi Medtech and Panels Limited IPO Complete Details:
Saakshi Medtech and Panels Limited IPO Timetable:
Company Financial Details:
AS OF NOW, the GMP OF Saakshi Medtech and Panels Limited is Around 40 Rs.
Objects Of Issue:
- Allocating funds for civil construction projects within the current facilities of Factory Unit II.
- Paying off some or all of our existing loans.
- Investing in new plant and machinery through capital expenditure.
- Securing funds to address our operational working capital needs.
- Supporting various general corporate objectives and purposes.
Promoters:
Aniket Vijay Latkar:
- Age: 41 years
- Position: Chairman and Managing Director and Promoter of the Company
- Education: Holds a Bachelor of Engineering degree in Mechanical from the University of Pune and completed his Master of Science in Engineering Business Management from the University of Warwick, United Kingdom in 2007.
- Experience: Accumulates an overall experience of around 15 years in the production, marketing, and engineering divisions.
Chitra Vijay Latkar:
- Age: 66 years
- Position: Non-Executive Director and Promoter of the Company
- Education: Holds a Bachelor of Home Science degree from Nagpur University in the year 1977.
FAQs:
When Saakshi Medtech and Panels Limited’s IPO is Opening?
Saakshi Medtech and Panels Limited IPO is Opening on 25 September 2023(Monday).
When Saakshi Medtech and Panels Limited IPO is Closing?
Saakshi Medtech and Panels Limited IPO is Closing on 27 September 2023(Wednesday).
What is the IPO Issue Size of Saakshi Medtech and Panels Limited?
The IPO Issue Size of Saakshi Medtech and Panels Limited is 45.16 Crore.
Price Band of Saakshi Medtech and Panels Limited IPO?
The price Band of Saakshi Medtech and Panels Limited IPO is 92 to 97 rupees per share.
What is the minimum investment for Saakshi Medtech and Panels Limited IPO?
The minimum investment for Saakshi Medtech and Panels Limited IPO is 116,400 Rupees.
Allotment Date of Saakshi Medtech and Panels Limited IPO?
The Allotment of Saakshi Medtech and Panels Limited IPO is on 03 October 2023(Tuesday).
Listing Date of Saakshi Medtech and Panels Limited IPO?
The Listing Of Saakshi Medtech and Panels Limited is Scheduled on 06 October 2023(Friday).
One Should Apply Saakshi Medtech and Panels Limited IPO or Not?
Will Update Soon
How to apply for Saakshi Medtech and Panels Limited IPO through the Zerodha Application?
Open Zerodha Application ——–> At the Bottom Click on Orders ——–> Then at the Top Click on IPO ——–> Find Saakshi Medtech and Panels Limited IPO from the list ——–> Then Click Apply Button ——–> Select Investor Type(Individual) ——–> Enter Your UPI ID ——–> Select @ Extension ——–> Click on Cut-Off Price Box ——–> Enter Quantity ——–>Tick Check Box Of Terms and Conditions ——–> Drag Submit IPO Button On Right Side ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Saakshi Medtech and Panels Limited IPO through the Upstox Application?
Open Upstox Application ——–> At the Bottom Click on Invest ——–> Then Click On “View ongoing IPO” ——–> Find Saakshi Medtech and Panels Limited IPO from the list ——–> Then Click Apply Button ——–> Enter Your UPI ID ——–> Select Investor Type ——–> Enter the Number of Lots to Purchase ( ENTER 1) ——–> Click on Cut-Off Price Box ——–>Tick Check Box Of Terms and Conditions ——–> Click on Continue ——–> Click on Confirm And Apply ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Saakshi Medtech and Panels Limited IPO through Angel One Application?
Open Angel One Application ——–> At the Bottom Click on Home ——–> Click on IPO Button ——–> Find Saakshi Medtech and Panels Limited IPO from the list ——–> Click onSaakshi Medtech and Panels Limited IPO Name ——–> Click on Apply Now ——> Enter Lot (1) ——–> Select Investor Type ——–> Enter UPI ID ——–> Click on “Apply For IPO” —>Click On Proceed ——–> Accept IPO Mandate Received in Your UPI Application.
Who is Saakshi Medtech and Panels Limited IPO’s Lead Manager?
Hem Securities Limited is the Lead Manager of Saakshi Medtech and Panels Limited.
Where To Check the Allotment of Saakshi Medtech and Panels Limited IPO?
The allotment status for the Saakshi Medtech and Panels Limited IPO will be accessible on the Bigshare Services Pvt Ltd Website.
What is the EPS (Earnings Per Share) of Saakshi Medtech and Panels Limited?
EPS (Earnings Per Share) of Saakshi Medtech and Panels Limited is 9.53.
What is the ROCE of Saakshi Medtech and Panels Limited?
ROCE of Saakshi Medtech and Panels Limited is 28.57%