Saakshi Medtech & Panels Ltd - IPO

Saakshi Medtech & Panels Ltd IPO Details

Initial public offer of upto 46,56,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Saakshi Medtech and Panels Limited (The Company or SMTPL or The Issuer) at an issue price of Rs. 97 per equity share for cash, aggregating up to Rs. 45.16 crores (Public Issue) out of which 2,35,200 equity shares of face value of Rs. 10 each, at an issue price of Rs. 97 per equity share for cash, aggregating Rs. 2.28 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 44,20,800 equity shares of face value of Rs. 10 each, at an issue price of Rs. 97 per equity share for cash, aggregating upto Rs. 42.88 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.37% and 25.04% respectively of the post-issue paid-up equity share capital of the company.

Objective of issue

Repayment in full or in part of certain of its outstanding borrowings. Funding to meet working capital requirements. General corporate purposes.

Saakshi Medtech & Panels Ltd Contact Details

Saakshi Medtech & Panels Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@smtpl.co

Website - www.smtpl.co