TPG-backed Sai Life Sciences IPO is scheduled to open on Wednesday, December 11, and shut on Friday, December 13. The main points on allocation to anchor buyers for Sai Life Sciences IPO will likely be out Tuesday, December 10. Sai Life Sciences IPO value band has been mounted within the vary of ₹522 to 549 per fairness share of face worth of Re 1.
The agency is a contract analysis, improvement, and manufacturing organisation (CRDMO) that emphasizes innovation. Backed by the personal fairness large TPG Capital, the agency provides complete companies all through the whole drug discovery, improvement, and manufacturing course of for small-molecule new chemical entities (NCE) to pharmaceutical innovator corporations and biotechnology corporations worldwide.
As per the purple herring prospectus (RHP), the corporate’s listed friends are Divi’s Laboratories Ltd (with a P/E of 103.04), Suven Prescription drugs Ltd (with a P/E of 109.37), and Syngene Worldwide Ltd (with a P/E of 73.59).
For the six-month interval ending in September 2024, Sai Life Sciences reported whole earnings of ₹693.35 crore, which is a rise from ₹656.8 crore within the earlier yr. The corporate achieved a web revenue of ₹28.01 crore for the six months, contrasting with a lack of ₹12.92 crore throughout the identical interval final yr.
Tentatively, Sai Life Sciences IPO foundation of allotment of shares will likely be finalised on Monday, December 16, and the corporate will provoke refunds on Tuesday, December 17, whereas the shares will likely be credited to the demat account of allottees on the identical day following refund. Sai Life Sciences share value is more likely to be listed on BSE and NSE on Wednesday, December 18.
Sai Life Sciences IPO GMP in the present day
Sai Life Sciences IPO GMP in the present day is +37.50. This means Sai Life Sciences share value was buying and selling at a premium of ₹37.50 within the gray market, in response to investorgain.com.
Contemplating the higher finish of the IPO value band and the present premium within the gray market, the estimated itemizing value of Sai Life Sciences share value is indicated at ₹586.5 apiece, which is 6.83% greater than the IPO value of ₹549.
At present, the Gray Market Premium (GMP) for the upcoming IPO is demonstrating a optimistic upward development, reflecting rising investor confidence. Over the past 4 periods of gray market actions, the GMP has different between ₹22 and ₹42, in accordance investorgain.com specialists.
‘Gray market premium’ signifies buyers’ readiness to pay greater than the difficulty value.
Sai Life Sciences IPO particulars
The IPO contains a brand new issuance of fairness shares valued at a most of ₹950 crore, together with an Supply For Sale (OFS) of as much as 3.81 crore fairness shares by a promoter, investor shareholders, and numerous different shareholders, as acknowledged within the RHP.
Underneath the OFS, one of many entities managed by the promoters — Sai Quest Syn Pvt Ltd — together with investor shareholders — TPG Asia VII SF Pte Ltd and HBM Personal Fairness India — will divest their particular person stakes.
Bharathi Srivari, Anita Rudraraju Nandyala, Raju Penmasta, Dirk Walter Sartor, Jagdish Viswanath Dore, Rajagopal Srirama Tatta, and Ok Pandu Ranga Raju are among the many different shareholders who can even promote their parts of the corporate. On the higher band of the value vary, the agency is anticipated to boost roughly ₹3,042.62 crore via the IPO.
Kotak Mahindra Capital Firm Ltd, IIFL Capital Companies Ltd (beforehand generally known as IIFL Securities Ltd), Jefferies India, and Morgan Stanley India Firm are the lead managers for the guide operating course of, whereas KFin Applied sciences serves because the registrar for the IPO.
Disclaimer: The views and proposals above are these of particular person analysts, specialists and broking corporations, not of Mint. We advise buyers to verify with licensed specialists earlier than making any funding choice.
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