Market News
2 min read | Updated on December 16, 2024, 15:39 IST
SUMMARY
Sai Life Sciences IPO allotment status: Investors who subscribed to Sai Life Sciences IPO can check the allotment status on the official websites of the National Stock Exchange (NSE) and the BSE. The status can also be viewed on the registrar portal Kfin Technologies Ltd.
Sai Life Sciences Limited is a contract research, development, and manufacturing organisation (CRDMO) founded in 1999.
Sai Life Sciences IPO allotment status: Shares of Sai Life Sciences Ltd are expected to be allotted to successful bidders on Monday, December 16, after the IPO received a robust response from institutional investors.
The ₹3,042.62 crore initial share sale was subscribed 10.26 times during the three-day bidding period. It received bids for 39.85 crore shares against 3.88 crore shares on offer.
The qualified institutional buyers (QIBs) attracted 30.93 times subscription, while non-institutional investors (NIIs) mopped up 4.92 times subscription. The retail investors quota was subscribed 1.37 times.
Shares of Sai Life Sciences will be listed on the BSE (formerly Bombay Stock Exchange) and NSE on Wednesday, December 18.
With a price band of ₹522-₹549, the issue consisted of new equity shares worth ₹950 crore and an offer for sale valued at ₹2,092 crore.
The funds generated will be used for debt repayment and general corporate purposes.
Particulars | FY22 | FY23 | FY24 | H1FY25 |
---|---|---|---|---|
Revenue | ₹869.59 cr | ₹1,217.1 cr | ₹1,465.1 cr | ₹675.29 cr |
Net Profit | ₹6.22 cr | ₹9.98 cr | ₹82.21 cr | ₹28.01 cr |
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