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:

ParticularsFor the year/period ended (₹ in Millions)
Total Assets3,485.502,755.412,866.012,675.55
Total Revenue3,505.191,531.021,669.221,419.90
Profit After Tax1,327.3037.61(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 TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price[.] to [.] per equity share
Market Lot
Min Order Quantity
Listing AtBSE, 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)

Company Contact Information

Skanray Technologies Limited
Plot No 15-17
Hebbal Industrial Area,
Mysore – 570 016,
Phone: +91 821 241 5559

Skanray Technologies IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

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