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Skanray Technologies Limited IPO
Skanray Technologies Limited IPO comprises fresh issues of Rs 4000 million and an offer for sales of up to 14,106,347 equity shares. The company is involved in designing, manufacturing, developing, and quality assurance of modern medical equipment.
Opening Date
To be announced
Closing Date
To be announced
Price Band
To be announced
Issue Size
To be announced
Face Value
To be announced
Market Lot
To be announced
Opening Date
To be announced
Closing Date
To be announced
Price Band
To be announced
Issue Size
To be announced
Face Value
To be announced
Market Lot
To be announced
Listing at NSE, BSE
Skanray Technologies IPO Important Dates
| IPO Open Date | To be announced |
|---|---|
| IPO Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation Of Refunds | To be announced |
| Credit Of Shares To Demat Account |
To be announced |
| IPO Listing Date | To be announced |
| UPI Mandate Expiry Date | To be announced |
About Skanray Technologies Ltd.
In February 2007, Skanray Technologies Limited was founded in Bengaluru. The company deals with designing, manufacturing, marketing, and managing all types of Industrial automation, Power Conversion products, X-ray Generators, X-ray Tubes, X-ray Scanners, and Imaging products for all applications.
Skanray Technologies IPO Objectives
- Rs 1300 million is earmarked to promote inorganic growth.
- The company will use proceeds from fresh issues to fund working capital requirements and general corporate expenditures.
- Net proceeds will be used for investing in subsidiaries.
Why should you invest in Skanray Technologies IPO?
Below are your top reasons:
- Skanray's healthcare division was the country's first ISO 9001 certified medical equipment manufacturing plant.
- They are a multi-product company offering a diversified product portfolio, including patient monitoring systems, cardiology devices, respiratory management systems and radiology/imaging systems.
- As of December 2020, the company's R&D team has granted 27 patents, 49 trademarks, and 11 design registrations.
Financial Highlights
| Particulars | For the year/period ended (in Rs million) | ||
|---|---|---|---|
| FY20 | FY19 | FY18 | |
| Revenue from Operations | 1456.08 | 1625.13 | 1319.20 |
| EBITDA | (77.16) | (81.94) | (50.53) |
| Profit After Tax | 37.61 | (294.19) | (233.23) |
| EPS | 1.34 | (10.32) | (8.98) |
How to apply for Skanray Technologies IPO?
Retail investors need to apply for the IPO using UPI.
UPI
- Link your bank account to a UPI ID.
- Register your UPI id with your Demat account.
- Subscribe for Skanray Technologies IPO and approve the payment on your UPI ID.
Demat Account
- If you’re a new investor, Open a DEMAT Account for free with Angel One and begin your investment journey.
Skanray Technologies Ltd. - Swot Analysis:
| Pros | Cons |
|---|---|
| Skanray is an Indian company in certified Medical Equipment Manufacturing with a global presence. | The company’s profit retention depends on maintaining and enforcing intellectual property rights. |
| Skanray is internationally acclaimed as a med-tech company, holding more than 27 patents. | They operate in a tightly regulated industry which might impact future cash flow. |
| The company’s strength lies in offering a diversified product portfolio catering to all facades of healthcare. | Skanray's future growth depends on continuously diversifying its product portfolio and successfully beating the competition in technological advancements. |
| They have an extensive in-house R&D team for product development and research. | The company is dependent on its distribution channel and failure to maintain and engage distributors can impact future cash flow. |
| Products manufactured in their European manufacturing units labeled as 'Made in Europe' offers a competitive advantage in specific markets in Europe over products developed outside. | They may have negative cash flow in the future as they had in the past. |
Competitive Analysis: Market Peers
There are no listed companies in India that engage in a business similar to that of our Company. Accordingly, it is not possible to provide an industry comparison in relation to our Company.
Skanray Technologies IPO FAQs
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