Allotment

Sai Parenteral is launching a book-built Initial Public Offering (IPO) to raise ₹408.79 crore. The IPO consists of a fresh issue of 0.73 crore shares aggregating ₹285 crore and an offer for sale (OFS) of 0.32 crore shares aggregating ₹123.79 crore. The issue is aimed at supporting the company’s growth plans and providing an opportunity for existing shareholders to monetize part of their holdings.
The subscription for the Sai Parenteral IPO opens on March 24, 2026, and closes on March 27, 2026. The allotment is expected to be finalized on March 30, 2026, with a tentative listing date of April 2, 2026, on both BSE and NSE. Investors across categories—including retail, non-institutional, and anchor investors—can participate in the IPO according to their respective lot sizes.
The issue price band has been set at ₹372 to ₹392 per share. Investors can bid for a minimum of 38 shares, with additional bids allowed in multiples of 38 shares. The minimum retail investment at the upper price is ₹14,896. Non-institutional investors (sNII) can apply in lots of 14 (532 shares), while anchor/large institutional investors (bNII) have a lot size of 68 (2,584 shares).
Key Participants
Arihant Capital Markets Ltd. is acting as the book-running lead manager for the IPO, while Bigshare Services Pvt. Ltd. is the registrar. Investors are advised to review the issue details carefully and submit their bids within the subscription period to participate in this offering.
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| IPO Date | 2 Apr |
| IPO Listing Date | 2 Apr |
| IPO Face Value | ₹5.00 per share |
| IPO Price Range | ₹392.00 |
| IPO Issue Size | 1,04,28,288 shares |
| IPO Sale Type | Fresh capital cum OFS |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| Share Holding Pre Issue | 3,69,08,823 shares |
| IPO Open Date | 24 Mar |
| IPO Close Date | 27 Mar |
| IPO Allotment (Tentative) | 30 Mar |
| Refunds | 1 Apr |
| Credit to Demat Account | 1 Apr |
| IPO Listing Date | 2 Apr |
| Category | Offer |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| NII (HNI) Shares Offered | Not less than 35% of the Offer |
| Retail Shares Offered | Not less than 15% of the Offer |
Investors must bid for at least 38 shares, with additional bids in multiples of 38 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 38 | ₹14,896 |
| Individual investors (Retail) (Max) | 13 | 494 | ₹1,93,648 |
| S-HNI (Min) | 14 | 532 | ₹2,08,544 |
| S-HNI (Max) | 67 | 2,546 | ₹9,98,032 |
| B-HNI (Min) | 68 | 2,584 | ₹10,12,928 |
Incorporated in 2001, Sai Parenteral Ltd. is a diversified pharmaceutical formulations company with expertise in research, development, and manufacturing. The company operates in two primary segments: Branded Generic Formulations and Contract Development and Manufacturing Organisation (CDMO) products and services, catering to both domestic and international markets.
Product Portfolio and Therapeutic Areas
Sai Parenteral’s product portfolio spans multiple therapeutic areas, including cardiovascular, neuropsychiatry, anti-diabetic, respiratory health, antibiotics, gastroenterology, vitamins, minerals and supplements (VMS), analgesics, and dermatology. Its offerings cover various dosage forms such as injectables, tablets, capsules, liquid orals, and ointments, allowing the company to serve a broad spectrum of patient needs.
Manufacturing and Operations
The company operates five manufacturing facilities in India. Four are located in Hyderabad, Telangana, including GMP-compliant injectable units, a WHO-GMP injectable unit, a TGA-Australia and PIC/S accredited solid oral dosage unit, and a WHO-GMP cephalosporin facility. Its wholly owned subsidiary, Revat Laboratories, operates a GMP-certified facility in Ongole, Andhra Pradesh. Sai Parenteral entered the export market in FY 2023 after acquiring internationally accredited facilities in Hyderabad and now supplies regulated and semi-regulated markets in Australia, New Zealand, Southeast Asia, the Middle East, and Africa. As of December 31, 2025, the company employed 298 full-time employees.
Key Strengths
Sai Parenteral is a well-diversified generic formulations company with an established track record. Its strategically located and accredited manufacturing facilities support a strong focus on the CDMO business, while its well-established domestic and international distribution network enhances market reach. The company has a history of value-accretive acquisitions and benefits from experienced promoters and senior management with extensive domain knowledge.
| Assets | 376.24 | 272.39 | 268.1 |
| Total Income | 89.43 | 163.74 | 155.18 |
| Profit After Tax | 7.76 | 14.43 | 8.42 |
| EBITDA | 16.24 | 39.44 | 31.7 |
| Net Worth | 209.37 | 95.78 | 76.4 |
| Reserves and Surplus | 188.84 | 80.36 | 61.3 |
| Total Borrowing | 76.07 | 93.95 | 118.79 |
| ROE | 5.13% |
| ROCE | 9.28% |
| Debt/Equity | - |
| RoNW | 5.09% |
| PAT Margin | 8.93% |
| EBITDA Margin | 18.68% |
| Price to book value | - |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 33 |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Sai Parenteral’s Ltd. Address
Plot No 39
5th floor, Lavanya Arcade Jayabheri Enclave
Gachibowli, K.V.Rangareddy, Seri Lingampally
Hyderabad, Telangana, 500032
+91 79979 91301
cs@saiparenterals.com
https://www.saiparenterals.com/
IPO Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
ipo@bigshareonline.com
https://ipo.bigshareonline.com/IPO_Status.html