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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

View all upcoming IPOs

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

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

What is Skanray Technologies IPO?

Skanray Technologies IPO comprises Rs 4000 million in fresh scrips and 14,106,347 equity shares in offer for sale.

When will the Skanray Technologies IPO allotment be available?

Details are not available.

What will be the Skanray Technologies IPO lot size?

Details are not available.

When will Skanray Technologies IPO open for subscription?

Details are not available.

What minimum lot size can retail investors subscribe to?

Retail investors need to apply for a minimum of one lot.

When will Skanray Technologies list on exchanges?

Details are not available. Usually, it takes ten working days from the last day of subscription to finally list the IPOs on the stock exchanges.

How to check the allotment status of Skanray Technologies IPO?

To check the allotment status of Skanray Technologies IPO, Angel One investors can log in to their account.

What is the size of Skanray Technologies IPO?

Details are not available.

How will I receive shares?

Your shares will get credited directly to your Demat account.

Is it necessary to approve a UPI mandate request immediately?

Approving the UPI payment is the final step of the IPO application. You will get T+1 days to approve the payment mandate in your UPI id.

How to apply for this Skanray Technologies IPO via the Angel One App?

To apply for the IPO from the Angel One app, search for Skanray Technologies in the active IPO list and click on apply.

What is the minimum order quantity for Skanray Technologies IPO?

Details are not available.

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