Issue Price
₹392
Per Share
GMP
NIL
Grey Market
Est. Listing
₹392
Expected Price
Min. Application
₹29,792
2 lots × 38 shares
Incorporated in 2001, Sai Parenteral's Ltd. is a diversified pharmaceutical formulations company with expertise in research, development, and manufacturing.The company operates in two segments: Branded Generic Formulations and Contract Development and Manufacturing Organisation (CDMO) products and services for domestic and international markets.The product portfolio spans multiple therapeutic areas including cardiovascular, neuropsychiatry, anti-diabetic, respiratory health, antibiotics, gastroenterology, vitamins, minerals and supplements (VMS), analgesics, and dermatology. Offerings are across dosage forms such as injectables, tablets, capsules, liquid orals, and ointments.Sai Parenteral's serves a wide customer base comprising central and state government agencies, pharmaceutical companies, public and private hospitals, and super stockists in India. The company entered exports in FY 2023 after acquiring two internationally accredited facilities in Hyderabad, Telangana, and now supplies to regulated and semi-regulated markets in Australia, New Zealand, Southeast Asia, the Middle East, and Africa.The company owns and operates five manufacturing facilities in India. Four are located in Hyderabad, Telangana, comprising a GMP-compliant injectable unit, 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.As of December 31, 2025, Sai Parenteral Ltd. employed 298 full-time employees.Competitive Strength:Diversified generic formulations player with an established track record.Strategically located and accredited Manufacturing Facilities.Strong focus on CDMO business.Well-established distribution network in India and overseas.Track record of value-accretive acquisitions.Experienced Promoters and Senior Management with extensive domain knowledge.
Sai Parenteral's Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 10,428,288 | 100.00% | ₹408.79 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 38 | ₹14,896 |
| Retail (Max) | 13 | 494 | ₹193,648 |
| sNII (Min) | 14 | 532 | ₹208,544 |
| bNII (Min) | 68 | 2,584 | ₹1,012,928 |
| Particulars | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 89.43 | 163.74 | 155.18 |
| EBITDA | 16.24 | 39.44 | 31.70 |
| Profit After Tax (PAT) | 7.76 | 14.43 | 8.42 |
| Net Worth | 209.37 | 95.78 | 76.40 |
| Total Assets | 376.24 | 272.39 | 268.10 |
| Reserves & Surplus | 188.84 | 80.36 | 61.30 |
| Total Borrowings | 76.07 | 93.95 | 118.79 |