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Sai Life Sciences IPO Details
Sai Life Sciences IPO Date
The Sai Life Sciences Limited IPO will open for subscription on December 11, 2024, and the closing date for the IPO is December 13, 2024, according to the offer document filed by the company with the SEBI. After this, investors are expected to be updated about the allotment status on Monday, December 16, 2024.
Investors who have been allotted shares can expect them to be credited to their demat account on December 17, 2024. The shares will be listed on the NSE and the BSE on Friday, December 18, 2024.
Sai Life Sciences IPO Price Band
The IPO combines a fresh issue and an offer-for-sale (OFS) component. The IPO price band has been set between ₹522 to ₹549 per share. Interested investors can choose a price within this band to apply for the IPO.
The IPO is a book-building issue of ₹3,042.62 crore, with a fresh issue of 1.73 crore shares (amounting to ₹950 crore) and an offer for sale of 3.81 crore shares (totalling ₹2,092.62 crore).
Sai Life Sciences Limited IPO listing price will be determined on December 18, 2024. The listing price is the price at which a company’s shares debut on the stock exchanges.
Sai Life Sciences IPO Lot Size
The Sai Life Sciences Limited IPO details have been declared. The minimum lot size for an application is 27 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹3,042.62 crore.
Sai Life Sciences IPO Objective
The company proposes to use the IPO net proceeds worth ₹720 crore to repay/prepay, in full or part, of all or certain outstanding borrowings and for general corporate purposes.