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News Details

12/10/2026 19:10

Sahajanand Medical announces launch of initial public offering

Sahajanand Medical Technologies Ltd. has announced public offering of 13822116 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 343.00 per share. The gross proceeds of the issue are expected to be Rs 47,548.08 lakhs.

The company's initial public offer (IPO) will open on 15 October 2026 and is expected to close on 19 October 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 327.00-344.00 per share.

The IPO includes a fresh Issue of 13822116 Equity Shares of the Company at an price of Rs 344.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 43 shares with bids in multiples of 43.

Sahajanand Medical Technologies Ltd. anticipates using the proceeds of the issue for .

HSBC Securities and Capital Markets (India) Privat,Motilal Oswal Investment Advisors Limited,Nuvama Wealth Management Ltd.,Avendus Capital Pvt. Ltd. as lead manager(s) & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.