IPO Issue Details
Issue Price / Price Band₹549 per share (Fixed Price)
Face Value₹1 Per Share
Lot Size27 Shares per Lot
Total Issue Size5,54,21,123 shares (aggregating up to ₹3,042.62 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 11 Dec 2024
Subscription CloseFri, 13 Dec 2024
Anchor AllotmentTue, 10 Dec 2024
Basis of AllotmentMon, 16 Dec 2024
Initiation of RefundsTue, 17 Dec 2024
Credit of Shares to DematTue, 17 Dec 2024
Listing DateWed, 18 Dec 2024
UPI Mandate Deadline2024-12-13
Application & Investment Details
Retail — Min (1 Lots)₹14,823 — 27 shares
Retail — Max (13 Lots)₹192,699 (13 Lots)
HNI — Min (14 Lots)₹2,07,522 — 378 shares
EPS (Pre-IPO)₹4.34
EPS (Post-IPO)₹2.69
P/E Ratio (Pre-IPO)126.42x
P/E Ratio (Post-IPO)203.82x
Pre-IPO Promoter Holding19,06,85,340 shares
Post-IPO Promoter Holding20,79,89,529 shares
Fresh Issue Shares1,73,04,189 shares (aggregating up to ₹950.00 Cr)
Offer for Sale Shares3,81,16,934 shares of ₹1 (aggregating up to ₹2,092.62 Cr)
About Sai Life Sciences Ltd.
Incorporated in January 1999, Sai Life Sciences Limited researches, develops, and manufactures small-molecule new chemical entities. The company offers tailor-made services to biotech firms and global pharma companies.In the Financial Year 2024 and for the month ending September 30, 2024, the company provided services to over 280 innovator pharmaceutical companies, including more than 230 in that month alone. Among these clients, the company worked with 18 of the top 25 pharmaceutical companies based on their revenue in the calendar year 2023.The services were offered across countries such as the US, the UK, Europe, and Japan.The company's business development team consists of 16 experienced and qualified professionals, with six located in the US, nine in the UK and Europe, and one in Japan.The company has the following service offerings.Capabilities in chemistry, manufacturing, and control(“CMC”)/contract development and manufacturing organisations (“CDMO”).CRO services include integrated discovery (“Discovery”) capabilities across biology, chemistry, drug metabolism and pharmacokineticsAs of September 30, 2024, the company had 2,353 scientific staff, with the majority of the scientific team holding advanced degrees, including 302 Ph. D.s and 1,475 master’s degrees.As of September 30, 2024, the company had 3135 employees with capabilities across the CRDMO value chain.Competitive Strength:As an integrated CRDMO, the company provide a complete platform for discovery, development, and manufacturing.CRO services include integrated discovery capabilities across biology, chemistry, and drug metabolism and pharmacokinetics.CDMO platform with a diverse mix of commercial and under-development molecules
Objects of the Issue
Sai Life Sciences Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Repayment/prepayment in full or part, of all or certain outstanding borrowings availed by the Company and
2
General corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
19,06,85,340 shares
Post-IPO Promoter Holding
20,79,89,529 shares
Lock-in Period (30%)January 14, 2025
Lock-in Period (50%)March 15, 2025