return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. IPO
    /
  5. Sahajanand Medical Technologies IPO subscribed 10.75 times so far on Day 3: Check allotment date

Market News

Sahajanand Medical Technologies IPO subscribed 10.75 times so far on Day 3: Check allotment date

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on October 19, 2026, 15:35 IST

Google
SelectUpstoxas yourPreferred news source
Copy link
Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

The ₹475.48 crore Sahajanand Medical Technologies IPO is entirely an offer for sale (OFS) of up to 1.38 crore equity shares by existing shareholders, with no fresh issue component.

Sahajanand Medical Technologies is a Class III and Class C/D medical devices firm. | Image: SMTPL.com

Sahajanand Medical Technologies is a Class III and Class C/D medical devices firm. | Image: SMTPL.com

The initial public offering of Sahajanand Medical Technologies Ltd, a manufacturer of cardiac stents, received 10.75 times subscription so far on the final day of bidding on Monday.

Open FREE Demat Account within minutes!
Join now

The IPO got bids for 10,48,44,406 shares against 97,50,482 shares on offer, as per NSE data until 3:34 pm.

The portion for qualified institutional buyers (QIBs) fetched 24.86 times subscription, while the part for retail investors was booked 2.32 times. The category for non-institutional investors received 12.90 times subscription.

The ₹475.48 crore initial share sale is entirely an offer for sale (OFS) of up to 1.38 crore equity shares by existing shareholders, with no fresh issue component.

Since there is no fresh issuance of shares, the company will not receive any proceeds from the IPO. The money will go to selling shareholders.

"Our company expects that listing of the equity shares will enhance our visibility and brand and provide liquidity to its existing shareholders. Listing will also provide a public market for the equity shares in India," the company said in its red herring prospectus.

With a price band of ₹327 to ₹344 per share, a lot consists of 43 shares.

Sahajanand Medical Technologies is a R&D-driven company involved in the development of Class III and Class C/D medical devices, with an emphasis on Vascular Intervention and Structural Heart.

Sahajanand Medical Technologies IPO allotment and listing date

The basis of allotment of Sahajanand Medical Technologies IPO is likely to be finalised on October 21. The stock market debut will occur on October 23.

Upcoming IPOs this week: Jio Platforms, Paras Healthcare issues to open for subscription, 9 listings scheduled; check list

How to check Sahajanand Medical Technologies IPO allotment status on NSE

Steps to check Sahajanand Medical Technologies IPO allotment status on MUFG Intime India

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

Next Story