IPO Details

Sai Parenterals IPO

Sai Parenterals Limited

Sai Parenterals logo
Mainboard IPO
₹14,136

Minimum Investment

Exchange Listed · NSE / BSESEBI Regulated Issue

About Company

Company Name: Sai Parenterals Limited

Industry / Sector: Pharmaceuticals / Branded Generics & CDMO (Injectables, Tablets, Capsules, etc.)

Founded Year: 2001

Promoters: Anil Kumar Karusala, Vijitha Gorrepati, Karusala Aruna

Incorporated in 2001, Sai Parenterals Limited is a diversified pharmaceutical formulations company with expertise in research, development, and manufacturing. It operates in two segments: Branded Generic Formulations and Contract Development and Manufacturing Organisation (CDMO) products and services for domestic and international markets. The product portfolio spans multiple therapeutic areas including cardiovascular, neuropsychiatry, anti-diabetic, respiratory health, antibiotics, gastroenterology, vitamins/minerals/supplements (VMS), analgesics, and dermatology. Offerings are across dosage forms such as injectables, tablets, capsules, liquid orals, and ointments. The company serves central and state government agencies, pharmaceutical companies, public and private hospitals, and super stockists in India. It entered exports in FY2023 after acquiring two internationally accredited facilities in Hyderabad and now supplies to regulated and semi-regulated markets in Australia, New Zealand, Southeast Asia, the Middle East, and Africa. The company owns and operates five manufacturing facilities in India (four in Hyderabad, Telangana and one in Ongole, Andhra Pradesh via subsidiary Revat Laboratories). As of December 31, 2025, it employed 298 full-time employees.

IPO Basic Details

Company NameSai Parenterals Limited
IPO TypeMainboard IPO
Price Band₹372 – ₹392
Lot Size38
Total Issue Size₹408.79 Cr (1,04,28,288 shares)

IPO Strengths & Risks

Strengths

  • Diversified generic formulations player with established track record
  • Strategically located and internationally accredited manufacturing facilities
  • Strong focus on CDMO business
  • Well-established distribution network in India and overseas
  • Track record of value-accretive acquisitions
  • Experienced promoters and senior management

Risks

  • Stringent regulatory requirements in pharma
  • Competition in generics and CDMO segment
  • Raw material price volatility
  • Export market and regulatory risks

IPO Important Dates

IPO Open Date24 Mar 2026
IPO Close Date27 Mar 2026
Basis of Allotment30 Mar 2026
Refund Initiation31 Mar 2026
Demat Credit Date31 Mar 2026
Listing Date02 Apr 2026
Anchor Investor Date-
UPI Mandate Deadline-

IPO Objectives

  • Capital expenditure for machinery and equipment – -
  • Funding working capital requirements – -
  • Debt repayment – -
  • General corporate purposes – Remaining amount

Investor Reservation

QIB Quota50% (incl. Anchor)
Retail Quota35%
HNI Quota15%
Employee Quota-
Shareholder Quota-
Anchor Investor Allocation-

Market Lot Details

ApplicationLot SizeSharesAmount
Retail Minimum1 lot38₹14,896
Retail Maximum13 lots494₹1,93,648
S-HNI Minimum14 lots532₹2,08,544
S-HNI Maximum---
B-HNI Minimum67 lots2546₹9,98,032

Key Performance Indicators (KPI)

ROE5.13% (Sep 30, 2025) / 16.82% (Mar 31, 2025)
ROCE9.28% (Sep 30, 2025) / 28.92% (Mar 31, 2025)
RoNW5.09% (Sep 30, 2025) / 15.09% (Mar 31, 2025)
PAT Margin8.93% (Sep 30, 2025) / 8.88% (Mar 31, 2025)
EBITDA Margin18.68% (Sep 30, 2025) / 24.18% (Mar 31, 2025)
EPS₹5.43 (pre-IPO)
NAV per share-
Debt to Equity-
P/E Ratio72.19x (pre-IPO)
Industry P/E-

Company Financial Data

PeriodAssetsTotal IncomePATEBITDANet WorthBorrowings
31 Mar 2023₹133.96 Cr₹97.03 Cr₹4.38 Cr₹17.64 Cr₹31.49 Cr₹68.55 Cr
31 Mar 2024₹268.10 Cr₹155.18 Cr₹8.42 Cr₹31.70 Cr₹76.40 Cr₹118.79 Cr
31 Mar 2025₹272.39 Cr₹163.74 Cr₹14.43 Cr₹39.44 Cr₹95.78 Cr₹93.95 Cr
30 Sep 2025₹376.24 Cr₹89.43 Cr₹7.76 Cr₹16.24 Cr₹209.37 Cr₹76.07 Cr

Grey Market Premium

GMP PriceNot mentioned on page
Kostak RateN/A
Subject to SaudaN/A
Last UpdatedMar 2026
Estimated Listing PriceN/A

IPO Subscription Data

Total Subscription1.08x (as of 27 Mar 2026, Day 3, 6:54:37 PM)
QIB (Ex Anchor)1.73x
HNI Subscription2.45x
Retail Subscription0.12x
AnchorFully subscribed (₹122.64 Cr)

IPO Intermediaries

Registrar: Bigshare Services Pvt. Ltd.

Registrar Website: https://ipo.bigshareonline.com

IPO Lead Manager(s)

Arihant Capital Markets Ltd.

Company Information

Address: Plot No 39, 5th floor, Lavanya Arcade Jayabheri Enclave, Gachibowli, K.V.Rangareddy, Seri Lingampally, Hyderabad, Telangana, 500032

Website: https://www.saiparenterals.com/

Email: cs@saiparenterals.com

Phone: +91 79979 91301

IPO Documents

Explore More Investment Opportunities

Discover IPOs, unlisted shares, and broker comparison tools curated for smart investors.