Skanray Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 19, 2022Let’s have a detailed review of the company and analytics of the Skanray Technologies IPO release date, IPO offer price, subscription, Skanray Technologies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs Million |
| Tick Size | 1 |
Skanray Technologies IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Skanray Technologies Share Price |
Skanray Technologies IPO – Summary
They are among the key Indian medical device players engaged in designing, developing, manufacturing, and marketing medical devices.
They are a multi-product company offering a diversified portfolio of products, including patient monitoring systems, cardiology devices, respiratory management systems, and radiology/ imaging systems, to hospitals, OEMs, and for personal medical use/ retail sale globally.
The Promoter of this company is VISHWAPRASAD ALVA, AGNUS CAPITAL LLP, CHAYADEEP PROPERTIES PRIVATE LIMITED, AND SKANRAY HEALTHCARE PARTNERS LLP.
The lead manager to the issue is Motilal Oswal Investment Advisors Limited, Nomura Financial Advisory and Securities (India), and ICICI Securities Limited, and the Registrar to this issue is Link Intime India Private Limited.
Skanray Technologies IPO Date
The opening and the closing date of the IPO of Skanray Technologies Limited are not available yet.
Skanray Technologies IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check Skanray Technologies IPO LIVE Subscription
- Skanray Technologies IPO LIVE Bid details on BSE
- Skanray Technologies IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Skanray Technologies IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Skanray Technologies Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| The credit of Shares to Demat Account | – |
| Share Listing Date | – |
Skanray Technologies IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
Skanray Technologies IPO Equity Size
This Initial Public Issue of 18,24,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
Skanray Technologies IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Million
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Skanray Technologies IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Skanray Technologies Share Price |
Skanray Technologies IPO Grey Market Premium
The Skanray Technologies Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Skanray Technologies IPO – Company Overview
They were incorporated on February 14, 2007, and have grown their business with the objective of accessing various global markets that have localized regulatory requirements and distribution nuances.
They have since evolved into a multi-product company on the back of their in-house R&D capabilities and their ability to successfully integrate new businesses and platforms that they have acquired for fast-track time-to-market strategies in terms of product and market expansion.
Their market-driven acquisitions include the acquisition of CEI-Italy (Compagnia Elettronica Italiana), an Italian X-ray tube manufacturer, to gain a presence in the European market and to vertically integrate their radiology product line for which X-ray tubes are a critical component.
Skanray Technologies IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||||
| 31-Dec-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
| Total Assets | 3,485.50 | 2,755.41 | 2,866.01 | 2,675.55 |
| *Total Revenue | 3,505.19 | 1,531.02 | 1,669.22 | 1,419.90 |
| Total Expense | 1,754.99 | 1,819.52 | 1,963.41 | 1,580.95 |
| Profit After Tax | 1,327.30 | 37.61 | (294.19) | (233.23) |
Earnings per Equity Share (in Million)
| 31-Dec-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
| Basic & Diluted | 45.75 | 1.34 | (10.32) | (8.98) |
Further, their PAT for the period ended on Dec 31, 2020, March 31, 2020, March 31, 2019, and March 31, 2018, were Rs. 1,327.30 Million, Rs. 37.61 Million, Rs. (294.19) Million and Rs. (233.23) Million respectively.
Skanray Technologies IPO – Promoters
The Promoter of this company is:
- VISHWAPRASAD ALVA
- AGNUS CAPITAL LLP
- CHAYADEEP PROPERTIES PRIVATE LIMITED
- SKANRAY HEALTHCARE PARTNERS LLP
List of Related Parties (Key Managerial Personnel)
- Vishwaprasad Alva, Chairman, and Managing Director
- Balasubramanian Kandankumarath, Executive Director
- Deepak Komaregowda, Nominee Director
- Doddaballapur Achutarao Prasanna, Independent Director
- Reena Pandey, Independent Director
- Harish Hassan Visweswara, Independent Director
Skanray Technologies IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
Skanray Technologies IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 24,237,341 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Skanray Technologies IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding inorganic growth
- Funding working capital requirements of their Company;
- Investment in their subsidiaries;
- Funding capital expenditure requirements of their Company; and
- General corporate purposes.
Skanray Technologies IPO – Business Strategy
- Capitalize on evolving industry opportunities to strengthen their market position in India and internationally
- Continue to expand their product offerings
- Continue to strengthen and establish relationships with hospitals and OEMs
- Then, continue to pursue strategic acquisitions
Skanray Technologies IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Well-positioned to capitalize on a growing market is a major player in the Indian medical industry;
- Well-diversified and globally certified portfolio of products;
- Proven research and development capabilities;
- Strong manufacturing and infrastructure capabilities;
- Strategic go-to-market approach with an extensive distribution network and longstanding customer relationships; and
- Experienced and professional leadership team
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | 1.34 | 12.29 | 13.60 |
| 31-Mar-19 | (10.32) | (84.77) | – |
| Mar-18 | (8.98) | (37.96) | – |
Skanray Technologies IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| Skanray Technologies Limited | 10 | ||||
| Listed Peers | |||||
Skanray Technologies IPO Lead Managers
| Lead Managers |
| Motilal Oswal Investment Advisors Limited
Nomura Financial Advisory and Securities (India) ICICI Securities Limited |
Skanray Technologies IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park, Lal Bhadur Shastri Marg, Vikhroli (West) Mumbai 400 083 Maharashtra, India Tel: (+ 91 22) 4918 6200 E-mail: skanray.ipo@linkintime.co.in Website: www.linkintime.co.in Investor grievance E-mail: skanray.ipo@linkintime.co.in Contact person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
Skanray Technologies IPO – Other Details
- Statutory Auditor – Deloitte Haskins & Sells, Chartered Accountants
- Legal Counsel to the Company – Khaitan & Co
- Bankers to the Company – NA
Skanray Technologies IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Skanray Technologies IPO Review FAQs
What is the Issue Size of Skanray Technologies IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Skanray Technologies IPO?
The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Skanray Technologies IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Skanray Technologies IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Skanray Technologies IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Skanray Technologies IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Skanray Technologies IPO?
Here are the promoters of this IPO – VISHWAPRASAD ALVA, AGNUS CAPITAL LLP, CHAYADEEP PROPERTIES PRIVATE LIMITED, AND SKANRAY HEALTHCARE PARTNERS LLP. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Skanray Technologies IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Skanray Technologies IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Skanray Technologies Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2020 in Million is 37.61, 2019 is (294.19), 2018 is (233.23). PAT from Dec 2020 is 1,327.30.
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