Sai Parenteral's Limited IPO

Sai Parenteral's Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹372 - ₹392

Total Issue

₹408.79 Cr

Bid Dates

24 Mar - 27 Mar

Subscription

1.05x

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Sai Parenteral’s is a diversified pharmaceutical formulations company with capabilities across research, development and manufacturing. It operates in branded generic formulations and CDMO services, catering to both domestic and international markets. The Company’s portfolio spans multiple therapeutic areas including cardiovascular, neuropsychiatry, anti-diabetic, respiratory, antibiotics, gastroenterology, VMS, analgesics and dermatology, with dosage forms such as injectables, tablets, capsules, liquid orals and ointments. It has strong sterile manufacturing capabilities in injectables, particularly for critical care and antibiotics, delivered through formats such as dry powder injections, pre-filled syringes, ampoules and vials, supporting diverse patient needs.

Lot Info

Lot Information for Sai Parenteral's IPO
Category Lots Shares Amount
Retail (Min) 1 38 ₹14,896
Retail (Max) 13 494 ₹1,93,648
S-HNI (Min) 14 532 ₹2,08,544
S-HNI (Max) 67 2,546 ₹9,98,032
B-HNI (Min) 68 2,584 ₹10,12,928

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹408.79 Cr
Fresh Issue
₹285.00 Cr (0.73 Cr Shares)
Offer For Sale
₹123.79 Cr (0.32 Cr Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹0
Est. Price ₹392
Est. Gain 0.00%

Sai Parenteral's IPO Peer Comparison

(Rs. in crores)

Sai Parenteral's IPO Peer Comparison Table
Particulars Sai Parenterals Sai Life Sciences Innova Captab Senores Pharma Gland Pharma
Revenue 163.11 1,694.57 1,243.68 398.25 5,616.50
PAT 14.45 170.13 128.26 58.34 698.53
EPS (₹) 5.43 8.83 22.41 16.12 42.40
NAV (₹) 35.98 102.12 167.66 176.37 555.41
RONW 15.09% 7.99% 13.37% 7.18% 7.63%
EBITDA 24.18% 26.11% 15.94% 27.36% 26.40%
PAT Mrgn 8.88% 10.04% 10.31% 14.65% 12.44%
PE Ratio 72.19 107.70 32.45 64.30 44.71

All information pertains to FY 2024-25.The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of February 03, 2026 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Sai Parenteral's IPO
Particulars Sep-25 Mar-25 Mar-24 Mar-23
Revenue 86.92 163.11 153.76 96.80
PAT 7.76 14.45 8.42 4.38
Net Worth 209.37 95.78 76.40 31.49
Borrowings 76.07 93.95 118.79 68.55
Assets 376.24 272.39 268.10 133.96
NAV (₹) 56.73 35.98 57.67 44.03
EPS (₹) 2.82 5.43 10.54 6.16

KPIs

EBITDA

24.18%

PAT

8.88%

RONW

15.09%

ROCE

28.92%

PE Ratio

72.19

PB Ratio

10.89

Mkt Cap (in Crs.)

1,731.83

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

61.23%

Public

38.77%

Anil Karusala 12.35%
Vijitha Gorrepati 34.61%
Karusala Aruna 8.85%
Kunal Kakumanu 5.42%

Management

Anil Karusala Chairman & MD
D B Prakash CEO
Anil Kumar CFO

Registrar & Lead Managers

Registrar

Bigshare Services

Bigshare Services

Lead Managers (1)

Arihant Capital Arihant Capital

Subscription Status

Updated as on 27-Mar-2026 19:00:00

Mainboard Subscription Status for Sai Parenteral's IPO
Category Sub (x) Offered Bids
QIB 1.73 20,85,659 36,10,266
NII 2.45 15,64,243 38,31,502
bHNI 3.56 10,42,829 37,07,318
sHNI 0.24 5,21,414 1,24,184
Retail 0.12 36,49,901 4,39,204
Total 1.08 72,99,803 78,80,972

Frequently Asked Questions

What is Sai Parenteral's IPO?
Sai Parenteral's IPO is a Mainboard IPO having an issue size of ₹408.79 Crs. Sai Parenteral's IPO is priced at ₹372 - ₹392 per share. The issue opens on 24 Mar 26 and closes on 27 Mar 26.
When will Sai Parenteral's IPO open?
Sai Parenteral's IPO opens on 24 Mar 26 and closes on 27 Mar 26.
What is the GMP of Sai Parenteral's IPO?
The estimated Grey Market Premium of Sai Parenteral's IPO is ₹0 per share (0.00%).
What is the lot size of Sai Parenteral's IPO?
The minimum lot size of Sai Parenteral's IPO is 38 shares & the minimum application amount is Rs. 14896.
When is the allotment of Sai Parenteral's IPO?
The allotment date of Sai Parenteral's IPO is 30 Mar 26.
What is the listing date of Sai Parenteral's IPO?
The listing date of Sai Parenteral's IPO is 02 Apr 26.
What is the subscription of Sai Parenteral's IPO?
Sai Parenteral's IPO is subscribed 1.05 times.
What is the price band of Sai Parenteral's IPO?
Sai Parenteral's IPO is priced at ₹372 - ₹392 per share.
How to check allotment status of Sai Parenteral's IPO?
Click the allotment link on Sai Parenteral's IPO page of IPO360.
How to apply Sai Parenteral's IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Sai Parenteral's IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Sai Parenteral's IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Sai Parenteral's IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date