Ashish Kacholia buys 6.2 lakh shares of Saakshi Medtech & Panels a week after listing

  • Saakshi Medtech had made a stellar Dalal Street debut on October 3. The company’s shares were listed at 146 apiece on NSE SME, a premium of 50.5% to the issue price of 97.

Livemint, Edited By Ankit Gohel
Updated10 Oct 2023, 09:18 AM IST
Saakshi Medtech & Panels shares up over 21% from its listing price and more than 82% from its IPO price.
Saakshi Medtech & Panels shares up over 21% from its listing price and more than 82% from its IPO price.(Image: Company Website)

Ace investor Ashish Kacholia has bought 6,22,800 shares of recently listed SME company Saakshi Medtech & Panels Ltd via block deal.

Kacholia bought the SME shares at an average 167.01 each on October 9 via open market transactions, as per the data available. The total deal value aggregates to 10.4 crore.

Meanwhile, Hem Finlease sold 6,20,400 shares of the company at an average price of 167 per share.

Saakshi Medtech & Panels shares ended at 5% upper circuit at 177.05 apiece on NSE SME Monday.

Saakshi Medtech had made a stellar Dalal Street debut on October 3. The company’s shares were listed at 146 apiece on NSE SME, a premium of 50.5% to the issue price of 97.

Read here: Saakshi Medtech shares make stellar debut, stock lists at 50.5% premium at 146 on NSE SME

The stock is up over 21% from its listing price and more than 82% from its IPO price.

Saakshi Medtech & Panels raised 45.16 crore through its initial public offering (IPO), which opened on September 25 and closed on September 27.

(Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!)

Saakshi Medtech IPO was entirely a fresh issue of 46.56 lakh shares at a price band of 92-97 per share.

Also Read: Ashish Kacholia portfolio: Multibagger stock rises 700% in three and half years. Do you own?

The IPO received strong response from investors as it was subscribed 91.65 times. The public issue was subscribed 75.88 times in the retail category, 37.35 times in the Qualified Institutional Buyers’ (QIB) category and 200.78 times in the Non-Institutional Investors (NII) category.

Saakshi Medtech and Panels is a manufacturer of electrical control panels and cabinets, comprising microcontrollers, programmable logic controllers, and SCADA systems, used in elevators, air compressors, the renewal energy industry, electrical vehicle charging stations, among others.

On Tuesday, Saakshi Medtech shares opened at 5% upper circuit at 185.9 apiece on the NSE SME.

Catch Live Market Updates here

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
First Published:10 Oct 2023, 09:18 AM IST
HomeMarketsStock MarketsAshish Kacholia buys 6.2 lakh shares of Saakshi Medtech & Panels a week after listing

Most Active Stocks

Bharat Electronics

324.00
03:59 PM | 5 JUL 2024
6.65 (2.1%)

Oil & Natural Gas Corporation

288.20
03:59 PM | 5 JUL 2024
11.15 (4.02%)

Tata Steel

174.75
03:58 PM | 5 JUL 2024
-1.5 (-0.85%)

HDFC Bank

1,648.10
03:55 PM | 5 JUL 2024
-78.5 (-4.55%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Raymond

3,226.70
03:55 PM | 5 JUL 2024
284.8 (9.68%)

B E M L

5,066.20
03:54 PM | 5 JUL 2024
412.35 (8.86%)

HBL Power Systems

569.80
03:59 PM | 5 JUL 2024
39.9 (7.53%)

The New India Assurance Company

273.75
03:56 PM | 5 JUL 2024
17.85 (6.98%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    74,020.00-73.00
    Chennai
    74,819.0072.00
    Delhi
    74,529.00-435.00
    Kolkata
    74,819.00-218.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.92/L0.17
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanMint Shorts