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News Details

06/12/2024 14:40

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Sai Life Science announces launch of initial public offering

Sai Life Science Ltd. has announced public offering of 55421124 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 548.00 per share. The gross proceeds of the issue are expected to be Rs 3,04,261.97 lakhs.

The company's initial public offer (IPO) will open on 11 December 2024 and is expected to close on 13 December 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 522.00-549.00 per share.

The IPO includes a fresh Issue of 55421124 Equity Shares of the Company at an price of Rs 549.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 27 shares with bids in multiples of 27.

Sai Life Science Ltd. anticipates using the proceeds of the issue for .

Morgan Stanley India Company Private Limited,Kotak Mahindra Capital Company Limited,IIFL Capital Services Limited,Jefferies India Pvt. Ltd. as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.