Sai Life Sciences IPO: On Wednesday, December 11, IPOs of many companies opened for subscription. One of these names is that of Sai Life Sciences, a company involved in research, development and manufacturing. This IPO, which opened on 11 December, will close on 13 December. The first day for the company’s IPO was quite spectacular. Sai Life Science’s IPO got 0.84 times (84 percent) subscription on the very first day. According to NSE data, the company received applications for 3,27,98,169 shares out of 3,88,29,848 shares put up for offer on the first day.
QIB category showed maximum interest on the first day
On the first day of the IPO, QIB category investors subscribed the most by 2.52 times. NII category investors subscribed a total of 0.16 times and retail investors 0.19 times on the first day. Let us tell you that for its IPO, the company has fixed the price band of Rs 522 to Rs 549 for each share with face value of Re 1. Retail investors will be given 27 shares in one lot and will have to invest Rs 14,823 for one lot. Retail investors can apply for a maximum of 13 lots (351 shares), for which they will have to invest Rs 1,92,699.
Sai Life Science wants to raise Rs 3042.62 crore from IPO
Let us tell you that Sai Life Science wants to raise Rs 3042.62 crore from this IPO. A total of 5,54,21,123 shares will be issued under the IPO. Of these, 1,73,04,189 will be new shares and the remaining 3,81,16,934 shares will be issued by the promoters of the company through OFS. After the closing of the IPO on December 13, the allotment of shares will be done on December 16 and the shares will be credited to the demat accounts of the investors on December 17. This is a mainboard IPO, which will be listed on BSE and NSE on 18th December. The GMP price of the company’s IPO on Thursday, December 12 is running at Rs 39 (7.10 percent).
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