Saakshi Medtech Shares Soar 50.5% on NSE SME Debut, IPO Listing at ₹146

Saakshi Medtech, a medical technology company, enjoyed a spectacular debut on the NSE SME platform today. The stock listed at ₹146 per share, marking a substantial 50.5% premium over its issue price of ₹97.

Following this impressive listing, Saakshi Medtech’s share price was locked in a 5% upper circuit. As of 10:04 IST, the company’s shares were trading at ₹153.30 apiece on NSE SME.

The price band for the Saakshi Medtech IPO was set at ₹92 to ₹97 per equity share, each having a face value of ₹10. The IPO lot size was 1200 equity shares, with further multiples of 1200 equity shares.

Details of the Saakshi Medtech and Panels IPO:

Saakshi Medtech and Panels IPO was a book-built issue with a total size of ₹45.16 crore. The entire issue consisted of fresh shares amounting to 46.56 lakh. Investors applied for shares in lots, with one lot comprising 1200 company shares. Retail investors needed a minimum of ₹1,16,400 (₹97 x 1200) to participate in the SME issue.

Hem Securities Limited acted as the book running lead manager for the Saakshi Medtech and Panels IPO, while Bigshare Services Pvt Ltd served as the registrar for the issue. Hem Finlease functioned as the market maker for the IPO.

Grey Market Premium (GMP) for Saakshi Medtech and Panels IPO today:

The GMP for Saakshi Medtech and Panels IPO today, or the grey market premium, stood at ₹36. This indicated that Saakshi Medtech and Panels shares were trading at a premium of ₹36 in the grey market on Tuesday, according to

Taking into account the upper end of the IPO price band and the current premium in the grey market, the estimated listing price for Saakshi Medtech and Panels shares was ₹133 apiece, representing a 37.11% increase over the IPO price of ₹97.

The “grey market premium” reflects investors’ willingness to pay more than the issue price for the shares.

Daily Index & Stock Option Research On Whatsapp
We will be happy to hear your thoughts

      Leave a reply

      Share Price India News