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Sahajanand Medical Technologies Ltd

IPO Details · GMP · Subscription · Financials

🟢 Open NSE & BSE Mainboard Closes 19 Oct 2026
Issue Price
₹344
Per Share
GMP
+₹42
+12.21% Grey Market
Est. Listing
₹386
Expected Price
Min. Application
₹29,584
2 lots × 43 shares
IPO Issue Details
Issue Price / Price Band₹344 per share (Fixed Price)
Face Value₹1 Per Share
Lot Size43 Shares per Lot
Total Issue Size1,38,22,116 shares (agg. up to ₹475 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryOFS only
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenThu, 15 Oct 2026
Subscription CloseMon, 19 Oct 2026
Anchor AllotmentWed, 14 Oct 2026
Basis of AllotmentWed, 21 Oct 2026
Initiation of RefundsThu, 22 Oct 2026
Credit of Shares to DematThu, 22 Oct 2026
Listing DateFri, 23 Oct 2026
UPI Mandate Deadline5:00 PM on 19 Oct 2026 (Day 3)
Application & Investment Details
Retail — Min (1 Lots)14,792 — 43 shares
Retail — Max (13 Lots)₹192,296 (13 Lots)
HNI — Min (14 Lots)2,07,088 — 602 shares
EPS (Pre-IPO)₹6.80
EPS (Post-IPO)₹5.94
P/E Ratio (Pre-IPO)50.59x
P/E Ratio (Post-IPO)57.91x
Pre-IPO Promoter Holding10,16,46,778 shares
Post-IPO Promoter Holding10,16,46,778 shares
About Sahajanand Medical Technologies Ltd

Incorporated in October 2001, Sahajanand Medical Technologies Limited is a medical technology company engaged in the development, manufacturing and marketing of technologically advanced medical devices, primarily focused on vascular intervention and structural heart intervention. Its product portfolio includes coronary stents, coronary balloons, transcatheter aortic valve implantation (TAVI) devices, occluders, renal stents and peripheral drug-coated balloons (DCBs). The Company focuses on research and development, precision manufacturing and clinically supported product innovation. Its flagship brands include Supraflex Cruz, Cocoon and Hydra, serving different areas of interventional cardiology.The Company operates three manufacturing facilities, two in India and one in Thailand, supported by two R&D centres in India and Thailand. As of June 30, 2026, it had 119 patents granted globally, 78 patent applications in the pipeline and five design registrations in India. Its products were marketed in 77 countries in Fiscal 2026, through direct, hybrid and distributor-led models, with established market presence in India, Europe and other international markets.The Company reported revenue from operations of ₹12,105.04 million in Fiscal 2026, compared with ₹10,248.79 million in Fiscal 2025 and ₹9,016.04 million in Fiscal 2024.As of June 30, 2026, it had 1,605 full-time employees, 31 consultants and 707 contract-based employees. Competitive StrengthsExtensive global sales and marketing network.Strong research and development capabilities.Diversified and integrated manufacturing facilities.Leadership in India and key international markets.Proven M&A and strategic collaboration capabilities.Technologically advanced medical devices in high-barrier segments.Experienced leadership team backed by reputed institutional investors.

Objects of the Issue (Standard — DRHP pending)

Sahajanand Medical Technologies Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
Funding of Capital Expenditure Requirements
2
Working Capital Requirements
3
General Corporate Purposes
Detailed fund allocation will be available once the company files DRHP with SEBI.
Shareholding & Lock-in
Pre-IPO Promoter Holding 10,16,46,778 shares
Post-IPO Promoter Holding 10,16,46,778 shares
Check AllotmentCheck Status →
Sahajanand Medical Technologies Ltd — Live Price OPEN
IPO Open for Subscription
Chart activates on listing day — 23 Oct 2026
Quick Facts
GMP Signal🟢 Positive
StatusOpen
Issue Price₹344
GMP+₹42
Est. Listing₹386
Lot Size43 shares
Min Amount₹29,584
Listing Date23 Oct 2026
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹344
Listing Date23 Oct 2026
Listing PriceAvailable on listing day
Listing Gain/LossCalculated on listing day
52-Week HighPost listing
52-Week LowPost listing
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
QIB (Ex Anchor) 2,714,424 — ₹93.38 Cr 1.12x
NII / HNI 2,035,817 — ₹70.03 Cr 0.51x
Retail (RII) 4,750,241 — ₹163.41 Cr 0.83x
TOTAL 9,750,482 100.00% ₹335.42 Cr 0.83x
* Based on ₹344.00 (upper price band)
Day-wise Subscription
QIB
1.12x
NII / HNI
0.51x
Retail
0.83x
Total
0.83x
In Progress
Lot Size & Investment Details
Lot Size
43
Shares
Issue Price
₹344.00
Per Share
Min Investment
₹14,792
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 43 ₹14,792
Retail (Max) 13 559 ₹192,296
sNII (Min) 14 602 ₹207,088
bNII (Min) 68 2,924 ₹1,005,856
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars30 Jun 202631 Mar 202631 Mar 2025
Revenue from Operations 354.33 1218.73 1035.96
EBITDA 48.58 170.66 128.02
Profit After Tax (PAT) 15.09 69.08 25.15
Net Worth 631.72 616.05 545.23
Total Assets 1309.00 1276.43 1094.90
Reserves & Surplus 706.86 692.48 580.71
Total Borrowings 320.63 269.53 224.96
Key Ratios & Valuation
Issue Price ₹344
Face Value ₹1 Per Share
P/BV N/A
RoE 2.07
RoCE 3.16
RoNW 2.31
PAT Margin (%) 4.29
EBITDA Margin (%) 13.81
Debt / Equity 0.33
Company Details
Company
Sahajanand Medical Technologies Ltd
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹1 Per Share
Script Code
N/A
Address
Sahajanand Estate, Wakharia Wadi, NR. Dabholi Char Rasta Nani Ved, Ved Road Surat, Gujarat, 395004
Book Running Lead Managers
Motilal Oswal Investment Advisors Ltd
Book Running Lead Manager (BRLM)
Avendus Capital Pvt.Ltd
Book Running Lead Manager (BRLM)
HSBC Securities & Capital Markets (India) Pvt.Ltd.
Book Running Lead Manager (BRLM)
Nuvama Wealth Management Ltd
Book Running Lead Manager (BRLM)