From 11 December 2024 to 13 December 2024, Sai Life Sciences Limited IPO will be live. This is a book-built mainboard IPO, which will be raising ₹ 3042.62 crore. The issue is a mix of fresh issues and offers for sale (OFS). Around 1.73 crore shares will be freshly issued which amounts to ₹ 950 crore, and the remaining ₹ 2092.62 crores will come from OFS of 3.81 crore shares.
The date and ipo allotment time has to be finalized on Monday, 16 December 2024. Sai Life Sciences stocks will be listed on NSE & BSE on Wednesday, 18 December 2024 as per the current schedule.
The price band for Sai Life Sciences IPO has been set between ₹ 522 and ₹549 per share. The minimum ipo lot size of 27 shares, which amounts to a minimum investment of ₹14823 for retail investors. For sNII, the minimum amount to be invested is ₹ 207522 which is 14 lots or 378 shares, and for bNII, the minimum investment mandate is ₹ 1007964, which is 68 lots or 1836 shares.
Here Are the Quick Steps to Apply for the Sai Life Sciences IPO!
Sai Life Sciences NSE BSE IPO Details
| Detail | Information |
| IPO Opening Date | December 11, 2024 |
| IPO Closing Date | December 13, 2024 |
| Tentative IPO Listing Date | December 18, 2024 |
| Face Value | ₹1 per share |
| Price Range | ₹522 to ₹549 per share |
| Lot Size | 27 shares |
| Total Issue Size | 55421123 shares (₹3042.62 Cr) |
| Fresh Issue | 17304189 shares (₹950 Cr) |
| OFS | 38116934 shares (₹ 2092.62 Cr) |
| IPO Segment | Book Built Issue |
| Listing At | NSE BSE |
| Shareholding Pre-Issue | 190685340 shares |
| Shareholding Post-issue | 207989529 shares |
Sai Life Sciences Limited | Company Overview
Sai Life Sciences Limited has been engaged in research and development and manufacturing of small-molecule new chemical entities since January 1999 when it was incorporated. It is a kind of business entity that offers customized services to biotech and pharma companies across the globe.
As of 30 September 2024 in FY24, the company offered its services to more than 280 innovator pharmaceutical firms, which includes more than 230 in September only. The services of Sai Life Sciences Ltd. span across the US, UK, Japan, European nations, and others. Sai Life Sciences has been working with the top pharma companies in the world and in this year only, it worked with 18 of the top 25 pharmaceutical companies across the world.
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Sai Life Sciences Limited IPO | Key Details
- Sai Life Sciences IPO Opening Date: December 11, 2024,
- Sai Life Sciences IPO Closing Date: December 13, 2024,
- Allotment Date: December 16, 2024
- Price Band: ₹522 to ₹ 549 per share
- Lot Size: 27 shares
- Refunds Initiated: December 17, 2024
- Shares Credited to Demat: December 17, 2024
- Listing Date: December 18, 2024
Sai Life Sciences Ltd: Financial Overview
Sai Life Sciences Limited witnessed an exponential rise in its profit in FY24. Its PAT surged by a whopping 728.93% while the revenue just went up by 20.01%. This shows exceptional management efficiency and operational efficacies. The life science firm also successfully kept its total borrowing under check.
Here are the details of the financials of the firm
All figures in ₹ Crore
| Financial Information | 31 Mar 2024 | 31 Mar 2023 | Change (31 Mar’23 – 31 Mar’24) | Change (%) |
| Assets | 2,275.14 | 2,186.65 | 88.49 | 4.05 |
| Revenue | 1,494.27 | 1,245.11 | 249.16 | 20.01 |
| Profit After Tax | 82.81 | 9.99 | 72.82 | 728.93 |
| Net Worth | 974.34 | 887.29 | 87.05 | 9.81 |
| Reserves and Surplus | 953.99 | 867.43 | 86.56 | 9.98 |
| Total Borrowing | 710.16 | 699.23 | 10.93 | 1.56 |
FAQs | Sai Life Sciences Ltd IPO
Sai Life Sciences Ltd is engaged research, development, and manufacturing of small-molecule new chemical entities for biotech firms, and pharma companies.
The tentative IPO listing date of Sai Life Sciences has been fixed as Wednesday, December 18, 2024.
The bidding date for the Sai Life Sciences IPO is December 11, 2024, and it will continue until December 13, 2024.
The minimum IPO lot size for Sai Life Sciences is 27 shares. For sNII, it is 14 lots and for bNII it is 68 lots.
The IPO allotment is expected to be finalized on Monday, December 16, 2024.
The IPO face value is set at ₹1 per share.
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