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News Details

( As on 18/03/2026 18:00)

Sai Parenterals announces launch of initial public offering

Sai Parenterals Ltd. has announced public offering of 10428288 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 387.00 per share. The gross proceeds of the issue are expected to be Rs 40,878.89 lakhs.

The company's initial public offer (IPO) will open on Tuesday, March 24, 2026 and is expected to close on Friday, March 27, 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 372.00-392.00 per share.

The IPO includes a fresh Issue of 10428288 Equity Shares of the Company at an price of Rs 392.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 38 shares with bids in multiples of 38.

Sai Parenterals Ltd. anticipates using the proceeds of the issue for .

Arihant Capital Markets Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.