Sai Life Sciences IPO
Open MainLineCurrent GMP
₹72 (+13.11%)
Price Band
₹ 522 – 549
Lot Size
27
Issue Size
₹3042.62 Cr
Minimum Investment
₹14823 (27 Shares)
Listing Date
18 December 2024
Subscription
10.26x
About the Company
Sai Life Sciences Limited is an innovator-focused contract research, development, and manufacturing organization (CRDMO) that provides end-to-end services across the drug discovery, development, and manufacturing value chain. It supports small molecule new chemical entities (NCEs) for global pharmaceutical and biotechnology firms. The company offers both contract research (CRO) and contract development and manufacturing (CDMO) capabilities.
Sai Life Sciences is one of the fastest-growing Indian CRDMOs in terms of revenue and EBITDA growth from FY 2022 to FY 2024. It serves over 280 pharmaceutical companies globally, including 18 of the top 25 pharmaceutical firms, with a significant presence in regulated markets like the US, UK, Europe, and Japan.
The company operates with research labs in innovation hubs like Greater Boston, US, and Manchester, UK, along with large-scale manufacturing facilities in India. This combination of global reach and cost-effective Indian operations allows Sai Life Sciences to support customers at various stages of the drug discovery-to-commercialization process.
Sai Life Sciences provides integrated CRO services in biology, chemistry, and drug metabolism, and has contributed to the approval of drugs and IND filings. In the CDMO space, it develops and manufactures active pharmaceutical ingredients (APIs) and intermediates for both clinical and commercial phases, including for blockbuster drugs.
The company has a diversified portfolio of over 170 innovator pharmaceutical products, including late-phase and early-phase drugs. It serves a broad customer base, with no single customer accounting for more than 8% of revenue. Its manufacturing facilities are accredited by global regulatory agencies, such as the USFDA and PMDA, Japan.
Sai Life Sciences is committed to sustainability, with initiatives aimed at energy conservation, increased use of renewable energy, and environmental protection. It has received a silver sustainability rating from EcoVadis and is a member of the Pharmaceutical Supply Chain Initiative (PSCI).
The company is led by an experienced management team, supported by investors like TPG Asia and HBM Private Equity India, and has a strong focus on corporate governance and environmental, social, and governance (ESG) strategies. As of September 2024, it employs over 3,100 staff, including a large team of scientists and engineers.
Promoters
- Kanumuri Ranga Raju
- Krishnam Raju Kanumuri
- Kanumuri Mytrey
- Sai Quest Syn Private Limited
- Sunflower Partners
- Lily Partners
- Marigold Partners
- Tulip Partners
Promoters Holding
Holding Pre Issue
40.48%
Holding Post Issue
35.10%
Objects of the Issue
The company propose to utilise the Net Proceeds towards funding the following objects:
- Repayment/prepayment in full or part, of all or certain outstanding borrowings availed by the Company and
- General corporate purposes
Address / Contact Info
Sai Life Sciences Limited
Plot No. DS- 7, IKP Knowledge Park,
Turkapally Village, Shameerpet Mandal,
Medchal – Malkajgiri
District, Hyderabad 500 078,
Telangana
Phone: +9140 6815 6000
Email: investors@sailife.com
Website: https://www.sailife.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 11 December 2024
IPO Close Date
Friday, 13 December 2024
Basis of Allotment
Monday, 16 December 2024
Initiation of Refunds
Tuesday, 17 December 2024
Credit of Shares to Demat
Tuesday, 17 December 2024
Listing Date
Wednesday, 18 December 2024 — NSE & BSE
Important Dates
Open Date
11 December 2024
Close Date
13 December 2024
Basis Of Allotment
16 December 2024
Listing Date
18 December 2024
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 2476.78 | 2275.14 | 2186.65 | 2164.23 |
| Revenue | 693.35 | 1494.27 | 1245.11 | 897.74 |
| Profit After Tax | 28.01 | 82.81 | 9.99 | 6.23 |
| Net Worth | 1044.75 | 974.34 | 887.29 | 877.76 |
| Reserve & Surplus | 855.69 | 953.99 | 867.43 | 859.17 |
| Total Borrowings | 764.49 | 710.16 | 699.23 | 751.32 |
EPS Pre
4.34%
EPS Post
2.69%
P/E Pre
126.42
P/E (Post Issue)
203.82x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 11.79 |
| ROCE % | 15.96 |
| Debt / Equity | 0 |
| RoNW % | 8.13 |
| PbW | 10.18 |
| Pat Margin % | 5.65 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 16626336 | 30 | 0 |
| Qualified Institutions | 11084225 | 20 | 0 |
| Non-Institutional | 8313168 | 15 | 0 |
| BNII | 5542113 | 10 | 0 |
| SNII | 2771056 | 5 | 0 |
| Retail Investors | 19397392 | 35 | 0 |
| Total | 55421121 | 100 | 0 |
Subscription Status ( Fri, 13 Dec 24 01:11 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 10671763 | 330125058 | 30.93x |
| Non-Institutional | 8447426 | 41522058 | 4.92x |
| BNII | 5631618 | 33813693 | 6x |
| SNII | 2815808 | 7708365 | 2.74x |
| Retail Investors | 19710659 | 26912520 | 1.37x |
| Total | 38829848 | 398559636 | 10.26x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 27 | 14,823.00 |
| Retail (Max) | 13 | 351 | 192,699.00 |
| S-HNI (Min) | 14 | 378 | 207,522.00 |
| S-HNI (Max) | 67 | 1,809 | 993,141.00 |
| B-HNI (Min) | 68 | 1,836 | 1,007,964.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Morgan Stanley India Company Private Limited
- Jefferies India Private Limited
- Kotak Mahindra Capital Company Limited
- IIFL Capital Services Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Sai Life Sciences IPO is a Book-building IPO worth ₹3042.62 crores. The price band is ₹522 to 549 per share. The IPO opens on Wed, Dec 11, 2024 and closes on Fri, Dec 13, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Sai Life Sciences IPO opens on Wed, Dec 11, 2024 and closes on Fri, Dec 13, 2024
Sai Life Sciences IPO Price Band is ₹522 to 549.
Sai Life Sciences IPO lot size is 27, and the minimum amount required for application is ₹14823.
The minimum investment for Sai Life Sciences IPO is approximately ₹14823 based on the upper price band.
To apply for the Sai Life Sciences IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Dec 13, 2024. After submission, funds are blocked until the basis of allotment of Sai Life Sciences IPO is finalised.
Sai Life Sciences IPO issue size is ₹3042.62 crores.
Sai Life Sciences IPO allotment date is Sat, Jun 27, 2026.
The registrar for Sai Life Sciences IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Sai Life Sciences IPO through their official website or helpline.
The Sai Life Sciences IPO GMP (Grey Market Premium) is ₹72 as of Wed, Dec 18, 2024. Based on the upper price band of ₹549 per share, the estimated Sai Life Sciences IPO listing price is ₹621, indicating a potential listing gain of approximately 31% over the issue price.