Saakshi Medtech and Panels are going to let people buy parts of their company for the first time. This is called an Initial Public Offering or IPO. You can start buying these parts on September 25, 2023, and you have until September 27, 2023, to buy them. It’s important to know that this company is not very big, and it will be listed on a special stock exchange for smaller companies called the NSE SME platform.
About Saakshi Medtech and Panels:
Saakshi Medtech and Panels started in 2009, and they do a lot of things like designing, making, and testing stuff. They have three places in Pune where they work, and these places together are about 9600 square meters big.
This company makes things like Electrical Control Panels and Cabinets, Medical X-ray Systems, and stuff for trains. They also make wires for electricity. Some of the big companies they work with are Atlas Copco, GE, and OTIS for the electrical stuff, and Wipro and Philips for the X-ray machines.
Most of their money comes from making Electrical Control Panels, and a small part comes from the other things they do. Almost all of their customers are in India, with just a tiny bit of business happening outside the country.
Industry Overview:
In India, the business of making electrical equipment is the biggest, followed by equipment for plants and machines used for digging in the earth. India is expected to sell a lot more electrical stuff in the next few years.
The Indian government has a plan called ‘Vision Plan 2030’ to make lots of construction equipment and build better things in the country.
There are many companies in India that make medical devices like Saakshi Medtech and Panels. These companies usually spend around 2-3 million dollars to make their products and make around 6-7 million dollars in sales. India is a big market for medical devices and is selling more and more of them around the world.
India’s auto parts industry is growing, and it’s going to be one of the biggest in the world soon. Electric cars are becoming more popular, and the market for medical equipment is also getting bigger.
Financials:
In 2021, this company had about 55.91 crore rupees worth of stuff, and in 2023, they had about 93.24 crore rupees worth of stuff. So, their things have grown by about 70% in the last three years. But, a lot of what they have is money that people owe them and things they haven’t sold yet, which isn’t so good.
In 2021, they made about 60.22 crore rupees, and in 2023, they made about 122.20 crore rupees. So, they made a lot more money, and their profits went from about 2.20 crore rupees to 12.38 crore rupees. However, even though they make good money, they only get to keep about 10% of it as profit.
In 2023, they used their money and resources pretty well, getting a good return on what they invested. They don’t owe a lot of money compared to what they own, which is a good thing.
Strengths and Weaknesses:
This company makes lots of different things and has good relationships with its customers. They can make precision products and are known for quality. They also have many customers.
But, there are some issues too. They depend a lot on a few customers, so if they lose one, it could hurt them. Many other companies can enter their market easily, and all their factories are in one place, which can be risky. Also, a lot of their money is tied up in things they haven’t sold yet.
GMP (Grey Market Premium):
Before the official stock market opening, people are already trading these company shares in a special unofficial market. They’re selling for more than the official price, about 30.93% more. So, each share is selling for 127 rupees, which is 30 rupees more than what they will cost when they officially go on sale.
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