Sai Life Sciences IPO Logo

Sai Life Sciences IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Dec 11 to Dec 13 2024
Price Band ₹522 - 549
Current GMP ₹650 (18.4%)
Subscription 10.27 times

IPO Details

IPO Date
December 11, 2024 to December 13, 2024
Listing Date
Wednesday, December 18, 2024
Face Value
₹1 per share
Price Band
₹522 to ₹549 per share
Lot Size
27 Shares
Total Issue Size
5,54,21,123 shares (aggregating up to ₹3,042.62 Cr)
Fresh Issue
1,73,04,189 shares (aggregating up to ₹ 950.00 Cr)
Offer for Sale
3,81,16,934 shares of ₹1 (aggregating up to ₹2,092.62 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share Holding Pre Issue
19,06,85,340 shares
Share Holding Post Issue
20,79,89,529 shares

IPO Subscription Details

Anchor Investors
1
Qualified Institutions
29.78
Non-Institutional Buyers
4.99
bNII (bids above ₹10L)
6.10
sNII (bids below ₹10L)
2.78
Retail Investors
1.39
Total **
10.27

Day Wise Sub

DayDay 1 Dec 11, 2024
QIB2.52
NII0.16
Retail0.19
Total0.85
DayDay 2 Dec 12, 2024
QIB3.20
NII0.60
Retail0.43
Total1.26
DayDay 3 Dec 13, 2024
QIB29.78
NII4.99
Retail1.39
Total10.27

Day Wise GMP

Date18-12-2024
Price549.00
GMP72(13.11%)
Estimate List Price621
Date17-12-2024
Price549.00
GMP72(13.11%)
Estimate List Price621
Date16-12-2024
Price549.00
GMP70(12.75%)
Estimate List Price619
Date15-12-2024
Price549.00
GMP61(11.11%)
Estimate List Price610
Date14-12-2024
Price549.00
GMP63(11.48%)
Estimate List Price612
Date13-12-2024
Price549.00
GMP42(7.65%)
Estimate List Price591
Date12-12-2024
Price549.00
GMP19(3.46%)
Estimate List Price568
Date11-12-2024
Price549.00
GMP39(7.1%)
Estimate List Price588
Date10-12-2024
Price549.00
GMP31(5.65%)
Estimate List Price580
Date09-12-2024
Price549.00
GMP28(5.1%)
Estimate List Price577
Date08-12-2024
Price549.00
GMP42(7.65%)
Estimate List Price591
Date07-12-2024
Price549.00
GMP22(4.01%)
Estimate List Price571
Date06-12-2024
Price549.00
GMP31(5.65%)
Estimate List Price580

IPO Important Dates

IPO Open Date
Wednesday, December 11, 2024
IPO Close Date
Friday, December 13, 2024
Basis of Allotment
Monday, December 16, 2024
Initiation of Refunds
Tuesday, December 17, 2024
Credit of Shares to Demat
Tuesday, December 17, 2024
Listing Date
Wednesday, December 18, 2024
Cut-off time for UPI mandate confirmation
5 PM on December 13, 2024

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares27
Amount₹14,823
ApplicationRetail (Max)
Lots13
Shares351
Amount₹1,92,699
ApplicationS-HNI (Min)
Lots14
Shares378
Amount₹2,07,522
ApplicationS-HNI (Max)
Lots67
Shares1,809
Amount₹9,93,141
ApplicationB-HNI (Min)
Lots68
Shares1,836
Amount₹10,07,964

Financial Information

Period EndedPeriod Ended
30 Sep 202430 Sep 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
30 Sep 20242,476.78
31 Mar 20242,275.14
31 Mar 20232,186.65
Period EndedRevenue
30 Sep 2024693.35
31 Mar 20241,494.27
31 Mar 20231,245.11
Period EndedProfit After Tax
30 Sep 202428.01
31 Mar 202482.81
31 Mar 20239.99
Period EndedNet Worth
30 Sep 20241,044.75
31 Mar 2024974.34
31 Mar 2023887.29
Period EndedReserves and Surplus
30 Sep 20241,025.44
31 Mar 2024953.99
31 Mar 2023867.43
Period EndedTotal Borrowing
30 Sep 2024764.49
31 Mar 2024710.16
31 Mar 2023699.23

IPO Reservation

Investor CategoryAnchor Investor Shares Offered
Shares Offered1,66,26,336 (30%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered1,10,84,225 (20%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered83,13,168 (15%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered55,42,113 (10%)
Maximum Allottees14,661
Investor CategorysNII < ₹10L
Shares Offered27,71,056 (5%)
Maximum Allottees7,330
Investor CategoryRetail Shares Offered
Shares Offered1,93,97,392 (35%)
Maximum Allottees7,18,421
Investor CategoryTotal Shares Offered
Shares Offered5,54,21,121 (100%)
Maximum Allottees

Information about company

Incorporated in January 1999, Sai Life Sciences Limited researches, develops, and manufactures small-molecule new chemical entities. The company offers tailor-made services to biotech firms and global pharma companies. In the Financial Year 2024 and for the month ending September 30, 2024, the company provided services to over 280 innovator pharmaceutical companies, including more than 230 in that month alone. Among these clients, the company worked with 18 of the top 25 pharmaceutical companies based on their revenue in the calendar year 2023.The services were offered across countries such as the US, the UK, Europe, and Japan. The company's business development team consists of 16 experienced and qualified professionals, with six located in the US, nine in the UK and Europe, and one in Japan. The company has the following service offerings. Capabilities in chemistry, manufacturing, and control(“CMC”)/contract development and manufacturing organisations (“CDMO”). CRO services include integrated discovery (“Discovery”) capabilities across biology, chemistry, drug metabolism and pharmacokinetics As of September 30, 2024, the company had 2,353 scientific staff, with the majority of the scientific team holding advanced degrees, including 302 Ph. D.s and 1,475 master’s degrees. As of September 30, 2024, the company had 3135 employees with capabilities across the CRDMO value chain. Competitive Strength: As an integrated CRDMO, the company provide a complete platform for discovery, development, and manufacturing. CRO services include integrated discovery capabilities across biology, chemistry, and drug metabolism and pharmacokinetics. CDMO platform with a diverse mix of commercial and under-development molecules

Objectives of IPO

The company propose to utilise the Net Proceeds towards funding the following objects: Repayment/prepayment in full or part, of all or certain outstanding borrowings availed by the Company and General corporate purposes

Disclaimer

All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application. No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever Please read all Tearms and conditions , and agree to use the App