Saakshi Medtech and Panels Limited

About the company

## **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 Name| Saakshi Medtech and Panels Limited  |  | Company Type| Private ---|---|---|---|--- IPO Type|SME|

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   25 Sept 2023

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   27 Sept 2023

   Last day to place your bid

3. Basis of Allotment

   Completed
   27 Sept 2023

   Share allotment finalised

4. Refund Initiation

   Completed
   04 Oct 2023

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   03 Oct 2023

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   06 Oct 2023

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.