Sai Parenteral (NEW IPO): GMP, Price, Review, Profit, Detail

Last updated on March 25th, 2026 at 11:50 am

Sai Parenteral Limited is a diversified pharmaceutical formulations company engaged in the research, development and manufacturing of a broad range of branded generic products and contract development and manufacturing (CDMO) services for both domestic and international markets.

The Company offers branded generic formulations and CDMO (Contract Development & Manufacturing Organisation) services covering injectables, tablets, capsules, liquid orals, and ointments across multiple therapeutic segments.

Sai Parenteral’s has filed DRHP to raise funds via IPO which comprises completely as Fresh issue of ₹ 285 Crore & Offer for Sale (OFS) of ₹ 123.79 Cr.

IPO will open for subscription on Mar 24, 2026, and the price band for the IPO is ₹372 to ₹392 with a lot size of 28 Shares.

Issue Size:₹ 408.79 Cr
Fresh Issue:₹ 285 Crore
Offer for Sale:₹ 123.79 Cr
Price Range:₹372 to ₹392
Lot Size:38 Shares

Sai Parenteral Limited important data points


Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 95.8 Cr
Revenue:₹ 163.1 Cr
EBITDA₹ 39.4 Cr
PAT₹ 14.5 Cr
EBITDA Margin:~24.18%
PAT Margin~8.90%
Face Value: 05 per Eq. Share

IPO important dates

Open Date:Tue, Mar 24, 2026
Close Date:Fri, Mar 27, 2026
Anchor Investor BiddingMon, Mar 23, 2026
Allotment Date:Mon, Mar 30, 2026
Refunds & Demat CreditWed, Apr 1, 2026
Tentative Listing Date:Thu, Apr 2, 2026

Use of Proceeds

PurposeAmount
Capacity expansion & Subsidiary investment~ ₹ 146.79 Cr
Working Capital Requirement~ ₹ 33 Cr
Borrowing payment~ ₹ 20 Cr
New R&D~ ₹ 18.02 Cr
General Corporate PurposeBalance


Sai Parenteral Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 96.8₹ 153.8₹ 163.1
Profit (₹ Cr)₹ 4.4₹ 8.4₹ 14.5
Asset (₹ Cr)₹ 134.0₹ 268.1₹ 272.4
Net Worth (₹ Cr)₹ 31.5₹ 76.4₹ 95.8

Sai Parenteral IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
25-Mar₹372 to ₹392₹ NA₹ NA
24-Mar₹372 to ₹392NANA
23-Mar₹372 to ₹392NANA
22-Mar₹372 to ₹392NANA
21-Mar₹372 to ₹392NANA
20-Mar₹372 to ₹392NANA

Sai Parenteral

Sai Parenteral Limited Promoters – Pre offer equity (Approx)

Vijitha Gorrepati~34.61%
Anil Kumar Karusala~12.35%
Karusala Aruna~8.85%

Sai Parenteral Limited IPO Pros & Cons

Strengths:

Risks:

Sai Parenteral Limited Lot Size details

Application TypeLot SizeNo. of LotsNo. of SharesInvestment Amount
Retail(Min)38138₹ 14,896
Retail (Max)3813494₹ 1,93,648
Small HNI (Min)3814532₹ 2,08,544
Small HNI (Max)386625089,83,136
Big HNI (Min)38672,546₹ 9,98,032

Lead Managers / Registrars of Sai Parenteral Limited 

Lead / Book Running Lead ManagersArihant Capital Markets Limited
Registrar (RTA)Bigshare Services Private Limited

Founding Year of Sai Parenteral Limited & Managing Director

Sai Parenteral Limited was incorporated in the year 2001.

Mr. K. Anil Kumar Karusala is the MD & CEO of the company.

Sai Parenteral Limited FAQ

  • Last updated on March 25th, 2026 at 11:50 am

    It is a diversified pharmaceutical formulations company making branded generics and CDMO products across injectables, tablets, capsules and more for domestic and international markets.
  • Last updated on March 25th, 2026 at 11:50 am

    Sai Parental is raising funds for capacity expansion, establishing a new R&D centre, debt repayment, working capital and overseas acquisition investments to scale growth.
  • Last updated on March 25th, 2026 at 11:50 am

    The issue size comprises a ₹285 crore as fresh issue and OFS of ₹ 123.79 Cr. It will be listed on the BSE & NSE platform.
  • Last updated on March 25th, 2026 at 11:50 am

    Investors face regulatory compliance risks, execution challenges in international markets, competition and business volatility inherent in pharma manufacturing.
  • Last updated on March 25th, 2026 at 11:50 am

    Growing revenue/profit, expanding global footprint, strengthened CDMO capabilities, and strategic acquisition tailwinds for future market share.
  • Last updated on March 25th, 2026 at 11:50 am

    You can apply for the IPO via your brokerage/demat/bank account or UPI when the IPO opens for subscription.
  • Last updated on March 25th, 2026 at 11:50 am

    While the IPO opens on 24th Mar’26 & closes on 27th Mar’26, it will be listed on 02nd April’26.

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