Sai Life Sciences has set its IPO price band at Rs 522-549 per share, with investors required to apply for a minimum of 27 shares or multiples thereof. The company aims to raise Rs 3,042.62 crore through the offering,

The three-day subscription for the initial public offering (IPO) for Sai Life Sciences Limited has opened today. The subscription will close on December 13.

Sai Life Sciences IPO opens for public subscription today, Wednesday, December 11, 2024, and will close on Friday, December 13, 2024

Retail investors subscribed 8%, non-institutional investors 4%, while qualified institutional buyers made no bids yet for the Rs 3,042.62 crore IPO. The issue includes a fresh allotment of shares worth Rs 950 crore and an OFS of Rs 2,

Sai Life Sciences is selling its shares in the price band of Rs 522-549 apiece, which could apply for a minimum of 27 shares and its multiples to raise a total of Rs 3,042.62 crore.

Sai Life Sciences IPO GMP price, allotment, Subscription details: The company raised a sum of Rs 912.79 crore from anchor investors by selling 1.66 crore shares.

Shares of Sai Life Sciences were trading at a premium of ₹28 in the grey market, at 4:30 PM on December 11, as per reports. The latest GMP for Sai Life Sciences IPO indicates an expected listing price of ₹577 per share with a potential listing gain of 5%.

Sai Life Sciences' ₹3,042 crore IPO opened today, will close on December 13. The offer includes a fresh issue and an OFS, aiming to repay debt. Priced at ₹522-549 per share, analysts advise caution due to high valuation and OFS-heavy structure,

Sai Life Sciences launched its initial public offering on Wednesday, aiming to raise Rs 3,042 crore. It has been subscribed 0.05 times, or 5% so far on its first day. The IPO includes a fresh issue of 1.73 crore shares worth Rs 950 crore and an offer-for-sale of 3.81 crore shares totalling Rs 2,092.6 crore.

TPG Capital-backed Sai Life Sciences IPO opens at ₹522-549, with ₹3,043-crore valuation, offering fresh shares and stake sale.