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Skanray Technologies Limited IPO (Skanray Technologies IPO) Detail

Incorporated in 2007, Skanray Technologies is one of the key players in the Indian medical device market. The company is engaged in the designing, development, manufacturing, and marketing of medical devices. The company has a diversified portfolio of products that can be classified into three broad categories -

  • Critical care products,
  • Radiology products,
  • Respiratory management systems.

The company has an in-house R&D team that has been granted 27 patents, 49 trademarks, and 11 design registrations as of December 31, 2020. The company's products are developed in-house and based on company-owned intellectual property. In Fiscal 2020 Skanray Technologies sold its products and services to over 1,830 customers in 20 countries.

As of December 31, 2020, the company has 5 manufacturing facilities, 2 in India, 2 in Italy, and 1 in the Netherland with a combined production capacity of 54,200 units per annum. All five facilities primarily manufacture US FDA and CE certified products. The company also jointly owns a testing facility in Mysore (India) together with the state government and other entities.

Competitive Strengths:

  • A Key player in the growing healthcare and medical device market in India.
  • Wide portfolio of globally certified portfolio of product
  • Strong focus on R&D
  • Strong manufacturing capabilities
  • Extensive distribution network and good customer relationships
  • Experienced leadership team

Company Promoters:

Vishwaprasad Alva, Agnus Capital Llp, Chayadeep Properties Private Limited, and Skanray Healthcare Partners Llp are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
31-Dec-20 31-Mar-20 31-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
Profit After Tax 1,327.30 37.61 (294.19) (233.23)

Objects of the Issue:

  • Funding inorganic growth.
  • Funding working capital requirements of the company;.
  • Investment in subsidiaries.
  • Funding capital expenditure requirements of the Company; and
  • General corporate purposes

Skanray Technologies IPO Details

IPO Opening Date
IPO Closing Date
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price [.] to [.] per equity share
Market Lot
Min Order Quantity
Listing At BSE, NSE
Issue Size
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹400.00 Cr)
Offer for Sale14,106,347 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

Skanray Technologies IPO Prospectus

Skanray Technologies IPO Rating

121
4.2
Rating:Rated 4.2 stars
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Company Contact Information

Skanray Technologies Limited
Plot No 15-17
Hebbal Industrial Area,
Mysore – 570 016,
Phone: +91 821 241 5559
Email: investors@skanray.com
Website: https://www.skanray.com/

Skanray Technologies IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: skanray.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Skanray Technologies IPO Reviews / Ratings

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Skanray Technologies IPO FAQs

Skanray Technologies IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at [.] to [.] per equity share. The minimum order quantity is .

The Skanray Technologies IPO open and close dates are not available as of now.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Skanray Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Skanray Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Skanray Technologies IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Skanray Technologies IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Skanray Technologies IPO dates are not announced. Please check back again after some time.

Skanray Technologies IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Skanray Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Skanray Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Skanray Technologies IPO allotment status.

The Skanray Technologies IPO listing date is not yet announced. The tentative date of Skanray Technologies IPO listing is [.].

Skanray Technologies IPO Message Board

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