Sai Life Sciences IPO GMP, Open Date, Price Band, Allotment Status

Sai Life Sciences IPO open date is on 11 December to 13 December 2024. This new IPO is a book-built issue of Rs 3,042.62 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 950 crore and OFS is of Rs 2,092.62 crores.

Sai Life Sciences IPO price band is Rs 522 to Rs 549 per share. As of now, Sai Life Sciences IPO GMP is 41 indicates mild bullish sentiment for this IPO among investors.

Sai Life Sciences IPO lot size is 27 shares and the allotment status is finalised on Monday, December 16, 2024. The minimum investment for the retail investors for 1 lot is Rs 14,823. The registrar for Sai Life Sciences IPO is Kfin Technologies Limited. The listing date is 18 December 2024.

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Sai Life Sciences IPO GMP

Sai Life Sciences IPO GMP quotation is around Rs 41 per share. The grey market premium quotation indicates huge interest of retail investors. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Sai Life Sciences IPO GMP might rise in the coming days.

Sai Life Sciences IPO Price Band

Sai Life Sciences IPO price band is Rs 522 to Rs 549 per share. The minimum amount of investment for the retail category is to be around Rs 14,823 and for small NII minimum investment is to be around Rs 2,07,522. The minimum investment for the Big NII is to be around Rs 10,07,964.

Sai Life Sciences IPO Open Date, Close Date

Sai Life Sciences IPO open date is Wednesday, 11 December 2024 and closing date is Friday, 13 December 2024. Initiation of refund date is 17 December 2024 and credit of shares will be on 17 December 2024.

Sai Life Sciences IPO Allotment Status

Sai Life Sciences IPO allotment status will be finalised on Monday, 16 December 2024. The listing will be on the BSE and NSE platforms on Wednesday 18 December, 2024. The registrar of this IPO is Kfin Technologies Limited. Investors can check their allotment status after the subscription of the IPO ends.

Sai Life Sciences IPO Listing Date

Sai Life Sciences IPO's listing date will be on Wednesday, 18 December 2024. The Listing will be on both the NSE and BSE exchanges. Retail investors can sell the shares after 10 AM on the listing day.

Sai Life Sciences IPO: Listing Date, Lot Size, Price Band

Sai Life Sciences IPO Limited: About the Company

Sai Life Sciences Limited incorporated in 1999, researches, develops, and manufactures small-molecule new chemical entities. They offer tailor made services to biotech firms and global pharma companies.

By the end of Sep 2024,  Sai Life Sciences provided services to over 280 innovator pharmaceutical companies, including more than 230 in the month alone.

Sai Life Sciences business development team consists of 16 experienced and qualified professionals, with six located in the US, 9 in the UK and Europe, and 1 in Japan.

Sai Life Sciences competitive strength is: 1) they provide a complete platform for discovery, development, and manufacturing. 2) CRO services include integrated discovery capabilities across biology, chemistry, and drug metabolism and pharmacokinetics. 3) CDMO platform with a diverse mix of commercial and under-development molecules

Sai Life Sciences IPO Objectives

The funds raised from Sai Life Sciences IPO will be used for the repayment of the past borrowings taken by the company. The remaining money will be used for general corporate purposes.

Sai Life Sciences IPO: Key Dates, Allotment, Listing Date

Sai Life Sciences IPO Subscription Status, IPO Reservation

Sai Life Sciences IPO subscription status will be available after the IPO opens on 11 December 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.

Sai Life Sciences IPO Lot Size Details

Sai Life Sciences IPO lot size is set at 27 shares per lot. For retail, the minimum lot size is 1 lot, amounting to around Rs 14,823 and the maximum is 13 lots, amounting to be around Rs 1,94,699. For small HNI, the minimum lot size is 14, amounting to be around Rs 2,07,522.

Sai Life Sciences IPO Promoter Holdings

Sai Life Sciences IPO promoters are Kanumuri Ranga Raju, Krishnam Raju Kanumuri, Kanumuri Mytrey, Sai Quest Syn Private Limited, Sunflower Partners, Lily Partners, Marigold Partners and Tulip Partners. The promoters' shareholdings before the IPO were 40.48%; however, after the IPO, shareholdings will decline.

Sai Life Sciences Limited Company Financials

Sai Life Sciences Limited posted revenue of Rs 693.35 crore and net profit of Rs 28.01 crore for the period ending on 30 Sep 2024. The company’s revenue increased by 20% and PAT rose by 729% between the FY ending on 31 March 2024 and 31 March 2023.

Sai Life Sciences IPO Registrar

Sai Life Sciences IPO registrar is Kfin Technologies Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Sai Life Sciences IPO Lead Managers

Sai Life Sciences IPO lead managers are Kotak Mahindra Capital Company Limited, Jefferies India Private Limited, Morgan Stanley India Company Private Limited and IIFL Securities Limited.

How to apply to Sai Life Sciences IPO

Interested investors can apply to the Sai Life Sciences IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Sai Life Sciences IPO Review

Sai Life Sciences IPO may get a positive response from the general public. The company is involved in pharma, investors interested in the pharma sector can apply to this IPO.

This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Sai Life Sciences IPO GMP will also rise.

Sai Life Sciences IPO FAQ

1. What are the details of the Sai Life Sciences IPO?

Sai Life Sciences IPO is a book-built issue of Rs 3,042.62 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 950 crore and OFS is of Rs 2,092.62 crores.

2. When will the Sai Life Sciences IPO open and close?

Sai Life Sciences IPO open date is Wednesday, 11 December 2024 and closing date is Friday, 13 December 2024. Initiation of refund date is 17 December 2024 and credit of shares will be on 17 December 2024.

3. What is Sai Life Sciences IPO GMP?

Sai Life Sciences IPO GMP quotation is around Rs 41 per share. The grey market premium quotation indicates huge interest of retail investors. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Sai Life Sciences IPO GMP might rise in the coming days.

4. What are the details of Sai Life Sciences IPO reservation?

Sai Life Sciences IPO subscription status will be available after the IPO opens on 11 December 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.

5. Write the details of the IPO Allotment Status?

Sai Life Sciences IPO allotment status will be finalised on Monday, 16 December 2024. The listing will be on the BSE and NSE platforms on Wednesday 18 December, 2024. The registrar of this IPO is Kfin Technologies Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for Sai Life Sciences IPO?

Sai Life Sciences IPO registrar is Kfin Technologies Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status.

The lead managers are Kotak Mahindra Capital Company Limited, Jefferies India Private Limited, Morgan Stanley India Company Private Limited and IIFL Securities Limited.

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