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Saakshi Medtech & Panels Limited Announces IPO Opening on September 25, 2023, and Listing on NSE Emerge
Mumbai (Maharashtra) [India], September 22: Saakshi Medtech & Panels Limited is pleased to announce the opening of its Initial Public Offering (IPO) for subscription on September 25, 2023, with the subscription period set to conclude on September 27, 2023. The company’s shares are proposed to be listed on the NSE SME platform. Saakshi Medtech & […]
Mumbai (Maharashtra) [India], September 22: Saakshi Medtech & Panels Limited is pleased to announce the opening of its Initial Public Offering (IPO) for subscription on September 25, 2023, with the subscription period set to conclude on September 27, 2023. The company’s shares are proposed to be listed on the NSE SME platform.
Saakshi Medtech & Panels Limited is offering its equity shares in the price range of Rs 92 to Rs 97 per share, as stated in a company statement. The primary objective of this IPO is to raise Rs 45.16 crore at the upper price band. Each lot consists of 1200 equity shares.
The offering comprises a total of 4,656,000 equity shares, with specific allocations for different investor categories. The allocation includes 2,209,200 equity shares reserved for Qualified Institutional Buyers (QIBs), 663,600 shares for Non-Institutional Investors (NIIs), 1,548,000 shares for Retail Individual Investors (RIIs), and 235,200 shares set aside for market makers.
